The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-25
FINANCIAL AND COMMERCIAL
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VI
ths first botrt lndisla Ga fell or per cent Ohio
Go, !; Ere Railroad d Rssdiag Railroad, /; C.evs-
lard ard Tclsdo Rsil1osd, 4, Chicago end r. ok
h'srd, ); H<m, l. TAste was 10 movement II
importance IN any class OF aec1r:tes ami Ghe mai
cas as q g. adual reduction IL prices for STICKS,
gsrerai'y ere daily becoming strc7gH. TIE bank
statement, published this norairg, IL MT at GIL
satisfactory, ard has created great deal oil Apprs
tension smtrx holders OF stocks. Vita . liae Of
discounts Of more shan ninety ains million dollars,
upon specie basis Of less than sixteen millions and
rapidly dec: tssirg tnoun. of :epoata, is state
Of tlirgsthat may vol stalt!e tho tmii capitalist
and make aIge holders Of stocks tismble We 10
net Jock FOR Sudden collapse IN .he stock mark
There il 70 immediate apprehension Of paric.
The morty market Will gradually but steadily
tighten, ard stocks viii slowly settle down TO
lower prices. Az holders OF stocks fEt bet.
ter uss for the csp.a invested IN other pursuits,
as business imp OWES, and mercantile credit ex
paDds, we ahal! fir the supply Of stocks prsssirs
for sac daily iIcrensing. until the market becomes
su,feied. The bears sys now the princ pal buyers,
but they only purchase TO falfl contracts ade vita
certain sar guire individuals who labored IN Ter tae
impression, Whec prices were two and three par
cent above currsn. rates, that ELL higher point
for - rise. As q general ting these spectators
ere seldom able TO hold stocks for any lenslh Of
tine; they buy principally time at thsr orn op.
ton, aid % scon ~ delivery Is male, par.ica.
lary II IT Ia below cost, the stock Is sold 70 pay
differences The pos.ion OF the bsaks is not a. al
encouraging to golfers o! s.ocss. There Is every
probability Of deman; loans bsing called Ia aud
denly toue Day A tai Of TIL, kira 10 any sI,sa:
Uf..iI be % .att. a. 49,.
ducks aud frigatea the res. Ct the g,ck consider
ably. The banks are very uncertain lhirgsto dssl
with. TIE brckers have heretofore found them 8, 10
helr ccss. lie twenty four houfs thu banks On
III. down stocks ten par cent, but it Is beyord
their powtr to put them mp ere ab-ye
curreD. ra.ss II Is vsn Lnoza that the
piesideDts CT soue Of The largest banka il
Wall street ale inYetera,s spectators Ia sto ks
srd when the proper tine arrives they sail cut.
As sctn as they lave dore 80, s'tu1a or swo 1
made In the screws ard a., 81 orce the make.
i'shtens up. These bank presidents play beauti.
fui game, fer 1t Ia Always . successful one. Tao
Line Of ba,k leans has already rsesheda f=arf VI
emount, in the face Of which stocks are grad uA.ly
rteedEg. The banks hare very li.t.s pc yer 70
coed, but they have an immense deal for evil.
Sto:k spectators Who place themselves La thu
sympathy, II at any time they should be completely
skinned. A collapse Is a. sure 70 CONS a. the
risng Ct the sun, and the banks which have during
the past six months been fostering aui encourAz.
ing speculation in stocks IN ary way vii be the rst
to- turn upon those who have taken their noasy upon
the most earnest solicitations, whea it was din :uls
10 make loans on the 10 sest terms, aud compel
THIN 70 pay up at Eve minutes roti,e They will
net orly do this, BIZ. will for tie :! ms .spuGa.e
avery man in the mercantile community who ias
sptcuiA.ed 10 stocks, or wto has hyp ,.hec i.ed
them for any purpose. When banks hare money 20
lend on stocks they axe very civil ar1 polite 20 Dor
-owen hes'dents ard cashiers are .uEzirg About
We'll stree: among tie brokers' begging them TO lake
ncLey on dnos. any terms. Unfortunately they frd
pltnty Of spfcu ators who are at ary time ready 70
take flyer OF Two in The market .aad many da, Gus
tcnen. Wien there Ia 9 demand FOX money from The
mercantile c.asSss the brokers hav. card tics CT
IT, They arc treated very eayaliefly By the very
e1hars who q few weeks previous were 80 very
gracious. L0srs On stocks arc called In a. the
short, At to,ics sometimes Q; ate hear IL the dry
ard TIE brokers frequently compelled 10 realize
at Iuircus saciihoes to pay up. This game nss
bten played by tee Wal street banks cozens upor
Goztrs OF tints. mod viii be piayed often agGn.
II In 5cu.. Tor the brokers' % refuse money which
is 40 pol.els urgel upon them att .hsy are irys.
iisbly caught We are Cd ~ ra'srs az curtain isi
sioiher ac' IA zee sans pay sao the poor iops
who WI bgrIc prom ne-iS ca 'n'" stage are 20
Sros, bus accepts ~ tie pnl.eas'
Aner Inc seJouInaens o. '0e p'Ars no s'..' H-..s
salea OF bones AID sNctS were maze u aceteI ~
n.msoL Dfspef
10 90 Eyss., "A ar N RR de'. 4, vi.
s,teo Ohio and hlss'slyS ER: 20 d.. 90 s12Agig
~ sassy .ss,,,
20 90 ysrss: Fire lbs, 90. -.......,...... Fl
20 20 SC@mnon.ss .,.n f pf ina C't''.''.'''