The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-30
AND COMMERCIAL.
HONEY MARK Il +.

FINANCIAL AND CONNER GAL.
HONEY MARK Il r.
SUNDAY. July 2o-6 p. N.
Ths stock market, during the past week, has mot
p>ea It III buoyant Holders Of stocks have mot
vt lssa compelled 10 REALIZE and they retain pos
sessisa With good deal Of tenscity. We have no
idea that outsiders or insiders viii son moment bs-
fore theg ere actually obliged TO- but that ns Y not
fasstaat The banks are ss treachesous - Jesuit,
end IL broksrs know not what moment they may
DO called upon. They must keep their cash acocanfs
von bolaaced and theii resources well In hand for
TIA enarreucy. We have known demand loan
caIled in 90 suddenly, and at such times, q proven
tepwpers Of the hypothecs stocks ftom REALIZING
and the bax11 were compelled to make The bsst Of
it, aad sel a pablio auction. The brokers are we'll
posted uY In these things, Notwithstanding which
thsy cannot resist accepting loans on such terms.
Ths stock market II weak. Prices are sustained By
purchasers On time, buyers option. Ho.dars are
looking outfoR something favorable to turn up, that
will revive weculaton. Such hopes are vain. The
cause u the present dulness II tho inf tsd oondi
ton q Tie market. Stocks have reached their max.
imum value. and 70 speculation oan carry them any
hish1. decline Of I've Per cent would givs us
activity again, a. there would then be, in some
stocks, Q margin for rise.
Ths arrival Of the Pacific brings no new element
for buyers to build upon. except . few orders for
como 6lst c1ass railroad bonds, which were duly
executed. A rise OF some ono per cent was effected
thereby, in Illinois bonds Of rs. and some II per
ceot in the Freeland issue. All other things pre-
cent the same full or bloated expansion, and the
tendency Of the market since has been decided
~ downwsrd.
The resignation Of Mr.. Tslman from the Erie
Board Of Directors, produced some futsering
aongst the holders Of that stock, and 1t has fallen
about per cent. Mr.. TAlman stands very high in
tAis community az Q man Of sound judgment and
unbssnished character; and the company can IL,
sfxd = lo(s His services, His retirement II unfor
tunAte ct tiHb time. the Cumberland Coal Ohm
pany stock ~ also falling on In the mMkss, anA
many eaqu1aSa Arc abroad ~ 70 the cause. Ths
Late tepsrtf tho President do mot seem to inspire
tho ooaAdAncek hAt his EARLIER efforts produced. A.
few month attace, when the sto,kholdsn wers
invited 70 AlN5 y tue Office Of the company, and
exanirs i1esaty proposals, there was quitss ssnsa
ton produsf md the stock maintained ITSELF at
some IS an1t 50 per cent. This was 10 doubt
attxibatsd, Measure, TO the discovery Of the
Black BanaAtoG0s; specimens Of which were exit.
blted 70 tAv enthus,aAtic capitalists on thk and
On sahsequenA oocadons. Why the stock
UAVux4 INV Iua0n W 20 POI Cout, Win SUCH IA OK
traosduaxy addition suddenly msds to its power, IL
oas q those mysterious things Viii n it not given
a to comprehend. At tho Same time there were
some int1mstions thrown out that the company
might NO ito large surplus for the purchase Of the
Chesapeake and Ohio canal, with Q view to con.
nue the railroad In the transportation of Its coal
and Black Band. II the company has abandoned
the idsa Of owning the canal, perhaps we may fud
In such fact ono Of the causes Of the present do
cline. The condition ct the stock at the moment,
certainly calls for some well digested report, and
we commend the subject to the management. Some
movements In the stock Of the Nicaragua Transit
Company indicate the approach Of . better under.
standing With the Panama line. Speculation, how.
ever, 10 almost extinct ia the shares. Dealers are
disposed to Lot Steamboat men alone, past exps-
Renee teaching the valuable lesson. The market,
wen supplied with money, waits some new develop
nsat-sumA new discovery some new machinery
to 60 forward upon; without II, It viii recede.
A. b. Nicolas's regular semi weekly auction sale
Of stocks and bonds viii take place on Monday next,
ths 3oth inat st l2s O'clock at the Merchants Elk
Tho expectation Of specie from this port last week
exceeded oae md. half million Of dollars, - will
be seen BY Tie annexed table,