The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-29
FINANCIAL AND COMMERCIAL.
MON EY MARK EFT.

FRIDAY Sept 2S-6 P. NJ
The stock market does not present any new feature.
The tendency of prices is downward but the bears
rather shy of entering into long large contracts
time. All the leading fancy stocks operated in to-
day to extent The cash sales made principally
by those who for the time in want Of money and the
purchasers time principally those obliged to call
for cash. Although compelled to realize for the moment
they have sufficient confidence in the future to fill up
their line again thirty sixty days. 1t will be seen
that the fancies have suffered most Some Of the good
stocks have sold in small lots at prices from to three
per cent below those current few weeks since but the
sales have been to trihng extent and do not affect the
value Of such securities generally The most extraord
nary feature of the market is the rmness with viii n
Erie is sustained under the circumstances II has fallen
about two per cent from the highest point which
sideraby less than others the list At the first
board to-day Louisiana 6s declined per cent Illinois Gen.
trail bonds q Canton Company, u Nicaragua Transit II
Hudson River Railroad ,a Harlem, Al Reading Railroad
q; Michigan Central Ia; Galena and Chicago, l. Ceve
land and Toledo Il Chicago and Rock Island d. Cumber
land and Erie closed at yesterdays prices with large sales
of each. Canton Company unusually active to-day
With the exception Of Illinois Central, railroad bonds
not in demand and State stocks neglected Wehave
doubt the outsiders will avail themselves of the present
and future depression in the market value of certain
sound dividend paying securities to purchase largely
tracts beyond the existing pinch in the money market
Sixty days will, without doubt all contingencies
and bring spectators again Into smooth water with fair
winds October will undoubtedly be squay month in
financial affairs and it would be best to prepare for
pretty sharp contraction in bank credits The bears will
be to make the most Of it while it lasts and the
probability is that they will not only extend their opera
lions beyond the most stringent point but will fail while
the opportunity exists to take in their shorts and there
tx-l rbn vtur, in
The great difficulty with all stock spectators that they
in the same tack too long. They do not to
know when to change their course and both parties
eventually lose all they have previously gained.
After the adjournment of the board, the following
sales OF bonds and stocks made at auction by Simeon
Draper
81, coo Virginia skies Int added. 81
5000 North Carolina SKIES. do 99i 091a
IL shares Webster Fire Ins. Co..................
Also account of original subscriber, the follow
ing interest in the following companes:-
pany, capital 81, SOC, 600; shares $50 each.
SEQ shares Ireyorton and Susquehanna Railroad Com
pany, capital 81, 900 COO; shares $40 each.
96s shares cumberland and Union County land As
sociaton capital $500, COO; shares $40 each.
Sold in lots of share land of coal and Of Rail-
road stock, par value s270 per share ....... $50
At the second board there material change in
prices. There not much stock offering. Most Of the
sales made shade better Purchases buyer sixty
days. appears be the vorite way with operators for
a RISE just now, and it is impression that where
proper discrimination is made in stocks ali such
tracts will prove profitable.