The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-27
FINANCIAL AND CONNER GAL.
n ON II Y MARK EFT.

FRIDAY, Jan. 26--6 p. M.
The tendency Of the market at the frs. board to
DAY was downward. large majority Of the stocks
SOLD 1t lower prices- Virginia SIS tell per cent;
Missouri 6's /; Erie Bonds, 1885, 1; Illinois Central
Railroad, /; Canton Co., /; Nicaragua TrAusi., 4;
New York Central Railroad, /; Erie Railroad, I;
Harlem Railroad, i; Reading Railroad, l; Hudson
Railroad, !; Michigan Southern R,ilrosd, q; North.
ern Indiana Railroad, Il NewYork Central
Bonds advanced per cent; PAaams Rail-
read, l. The buoysncy Of yesterday was too
much TO be permanent The inf asioa Of
any fancy under the present pressure canno. be
otherwise than temporary. The steamer Pacific
brought very pacific news 1t is true but feel that
confidence in any immediate amicAble adjustment
Of difficulties Is gradually oozing out. Yesterday
the prospect Of peace was to many very fat,ering.
To day all is doubt and dstrust again. The interests
o. different parties naturally give color to their
opinion, and due allowance mus. be made for tie
influence Of dollars and cents. II Is question whe
tbsr continuance of tia war would not b more
advantageous to our most important interests than
favorable termination Of the negot atoms reported to
have been reopened. The war has done its wors for
IL has compelled 10 pay our debts az shorter
notice and in shorter time than found agreeable
CT convenient bu. long as We have paid and hav
ing favors to ask, we have nothing to tear II
o continuance Of the war would prevent our enter
ing upon new Indebtedness, we certainly are oppoa-
cd to peace. If II win keep England and France
from meddliDg with our political affairs let us hare
war. If it will give active arkets for brea issus
at high prices, peace cannot be considered, In
commercial point OF visv, at all desirable. Peace
would, perhapsgive temporary impetus to spscula-
tion in fancy stocks ard tie bulls are therefore in
favor ofthe tour points being i'm nsdiassly accepted
Dealers in provisions, -four and corn are panic
struck at the remotest probability OF peace Cost,n
brokers' are strong for the termination Of bossltes,
wh,le the Wall street bess are perfectly Indifferent
whether it is peace Toey believe the st ,ck
market is all ing to SMASH any way, whether we
have peace or not, and so they keep cool and feed
cut the fancis to the bulls In lots to suit The war
party and the peace party are on the whole pretty
wen balanced. We allnde TO tn ,se who look at the
matter through their pockets A large interest is
involved in either result.
There is curious rumor aloas In Wall street re.
spectiI tie induce me- ns which have bsen held on.
70 procure subs riptiors to tie original seventeen
miihon Ian Of the IlhDois Central Railroad Com
psny, to this efect-th large amount Of stock
70 which the privilege to subscribe ut the same
tine given, was accompanied bya guarantee that,
during The year 1866 1t should be redeemed at
premium OF thirty per cent over par If this be 50,
and il comes in no questionable shape, it Is bat
another instance Of the manner in which the inter-
ess OF those NOS behind ,be curtain are sacrificed
BY thoe controlling these gigantic concerns. The
probable fate Of the holders OF the bonds and stock
not guaranteed ss above can easily be imagined.
At the second board the market was pretty veil
sustain cd. Cumberland Coal advanced 4 per cent;
Missouri &c, /; IDcisDa SIS, /. Harlem declined
per cent. IL ID reported by certain parties In
the street that foreign capitalists would have
bid largely fer the new Erie loan had trey
known 1t would have been taken as low % eighty
per cen. If they are of the same mind yet,
ard have any desire to make such an investment, II
csn easily be made upon the terms named. Il would
materially relieve our market and individuals
these foreign capitalists would take couple Of mil
lions Of Erie bonds Of any issue.
The transactions at the Assistant Tfeasurer's
office to.dsy we're as follows:-
Payments Observation-Disclosures. 1880 81
p.;a "a, As,.x na,ca 1SOp3 OIL