The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-16
FINANCIAL AND COMMERCIAL.
NJ n t.
THURSDAY, Feb. I5--6 2

~
THURSDAY, Feb. l5-6 p. NJ.
Tie market Tor iaEcy stocks was better this morn.
ing, 30 far a. prices were concerned, but the bears
seemed 70 take advantage of i. more than holders.
II erSble9 them 70 put out more favorable contracts.
Most OF the transactions were on time, buyers op
tion. AT the first board Indiana SIS advanced 4 per
cent; Virginia &c, !; Illinois Central Bonds. /; New
York Central rs, /; Cumberland Coal, 1; New Yo:k
Central Railroad, l; Erie Railroad, 4; Harlem, l;
Reading Railroad, |; Hudson Railroad, 1; Michigan
Central Railroad, 4; Michigan Southern Railroad, l.
Gaena and Chicago Railroad fell Of 2 per cent;
Cleveland and Toledo, 1. The unfavorable accounts
from CAhfornis, relative TO thu shipments of gold
dust, had just q contrary effect in Wall street. The
bulls are not to be frightened by anything of that
kind. In the first place they do not believe such sto-
ries, and In the hecond place, II they are true, how can
they hurt such fancies a. Erie, Hsilem, and New York
Central. According to their ideas, If the receipt Of
gold from California should cease altogether, these
stocks could not be Injured much in value. II is
such faith % this that induces these people to pur.
chase such worthless trash. They no doubt
Think that In each there is a margin between pre-
sent prices and par, for an advance. Perhaps
they'd do not stop at par, but look for q pre- mum.
There is no accounting for tastes Or the ~inconsis.
tencies Of shIewd spectators. Men who In their
legitimate business operations would carefully In.
v~ess'aste tbs character and credit Of an Individual
making purchases, will IL vest large sums Of money
in fancy stocks, which are as dangerous to hold o.
the promise to pay Of an ~insolvent merchant, and
rest for weeks and months in apparent security. a
large class ef business men have, In times past, la.
volved o good portion Of their capital in such speou.
~lations, and they have suffered seriously from them.
At present very few are engaged in such hazardous
pursuits. The losses realized during the past twelve
months have learned them O lesson they win not
soon forget, and induced them to conine tneir capt.
tai, ere dit and energies to legitimate lines of trade
and After q time we may ftd Wall
street again dl.ed with outside spectators, and the
brokers may load them down again with fancy
stocks, but IL viii not be until q new race Of opera.
tors spring up, who have no experience, aad who
wish, like all who have gone before them, TO Sc, TIE
folly Of IL for themselves. The experience Of others
can be OF no service to hem. They must 20 through
the Same routine TO be satisfied.
Albeit Ii. Nicolay scld On Thursday. February
10, at III O'Clock, at the Merchants Exchange,
the 10 lowing bonds aud stocks:-
1000 State Of Missouri 6 per cent bonds. 1000
5000 Noiibeia Indiana Railroad Goshen brnnehl
6rst mort per ct. bonds, 81 900 each. =. siTS n SO do.
81 600 Hudson River Railroad Sd mortgage I per
cent cor vertise boIds, 1000 each ........13I do
500 600 Cleveland, PainsyiIe and Ashtabula Rail.
r ScS Z per &C St m S Ss, bond. 50 80 do
income bonds, $500 each. !. ...........5. do.
81, $50 Illinois os Of 1877, new internal improve
$4,000 New YORK aud HARLEM Railroad I.i moiis. w.
per cent bonds, 81, goo each .............. s97. do.
1000 Columbus, Piqua and Indiana Railroad LIST
mor'g'se per cent convertible binds, 81 900
5000 New Jer,ey Central Railroad ist mortgage
rer cent boads, 81 900 each. ........... .1IE do.
$1,000 Msumes City 7 per eent'coavertibl. botds,
5000 New YORK Central Railroad . per- cent Real
Estate bonds, $1,000 each. .s1i do.
s2,ooo City Of Memphis 0 per cent bonds, 81 900
A deed for 5000 acre. Of i.aa, situated IL ncrr.n 10
county, Tennessee, dated Nashville, April 10,
la1 and signed BY Janis X. Polk, Governor,
,, eoq s soaS ao .; 'SSs ,vs p sso ssnt Sr Q, s'a w .;,;ti Loan
interest payable At Mechanics Bank, quarterly. s5H
$1,000 Chicago 0 per cent Water Loan, interest pay
100 shs s,oninston Railroad Company, sioo each. So
50 New York Providence and Boston Railroad,
50 Michigan son,h.rn Railroad. sioo do. oS1
me. Jersey Central Railroad and Trarsporta.
50 S I lsaians Railroad, ;ioo do. ~ 81
II Pacific Mail Steamship Company, 81, ooOdo. IS TO 624
900 Erie Canal Company, $50 do. ........ Is to 20
20 Lonilsrd Fire Insurance C~ompsny' s2s DO. 80. lo2E
$50 Etcebior Ere Insurance Company, $50 do -. T2I
% 3 w oii.d F s.,ss' ! ~, e. u lsi E.nrs., c .aSsP' ;io 90 40 DO. no.
$40 Aberdeen Gold Mining Company. 81 do. 49,. 20.
1000 High Shoals Mining and Manufacturing Com.
pany, o. do. lI
900 Isabella Copper company, SO DO ......":... 81"
ia Chatham Pauk, t25 do. s0Li to 81
10 East River Bank, $50 do. 81
So Ocean Bank, $50 do. ~
20 Citizens Bank, S25 do. l0t5s
20 Excelsior Fire Insurance Company, so do. 75s
Z Sixth Avenue Railroad, 500 DO. ..... 81
4oLorilard Fire Insurance Company, s25 DO 80. i03x
10 Republic FIRE Insurance Company, 500 d.. 10
80 81. Nicholas Eank, 800 do. 90
60 Bans Of the Commonwealth, 800 do =. .9is 70 Ok
20 Harmony Fire Insurance Company, $50 do. TT1
40 Excelsior Fire Insurance Company, so do 49,. T5H
At TIE fecoId board the market WA duh and