The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-15
FINANCIAL AND COMMERCIAL


The stock market unsettled this morning at tn.
opening, and continued throughout the board Tn
movement in Erie served to sustain prices for all othef
stocks. The shorts In this fancy have suffered some bu
their time will again of these days. when tn
difference will be the other side the account The
clique who purchased weeks since at 81 So per
cent, to some extent time, taking in thei
contracts and making purchases This has created
demand for the stock, which is the principal
the rapid rse Street contracts in the neghborhood Of 40
per cent just improbable affairs but most of the
contracts maturing put out at high prices an
can be taken in now at profit, notwithstanding the
rapid rise within the past week It opinion
that the combination will get all they want Of thi
cornering operation. They can get just a.
much Erie stock as they want at between 81
and GO per cent, but the probability is that wheu
they want to SELL prices will down to the neighbor
hood of 40 per cent again. II reported in the
this morning that the leading spirits in this inf alton
are parties intimately connected with the New York
Central Company II appears to that they getting
out Of the frying pan into the fire. II they in
as reported the probability is that the market will be fo
some time literally supplied with New York Central
stock to raise the funds to meet maturing contracts
Erie There quite active movement to-day in H.
linois Central bonds. The sales amounted to abou
$3.50 COO principally time. Reading pretty vel
sustained, but the sales only to moderate exent
Western railroad stocks were active, without matsr
charge in prices The quoati ,ns current at the frs
board to-day, compared with those ruling at the clio
yesterday, show advance in Erie bonds 1876 OF pc
cent; New York Central rs, "a Pennsylvania Coal y
Erie /; Galena and Chicago l; Cleveland and Toledo
Nicaragua Transit declined u per cent Cumberland. u
Harlem, II Michigan Central, x; Michigan Southern
4. After the board Erie u per cent and close
firm.
After the adjournment of the board the following sale
were ade at auction by Adrian H. Muller
81, 600 Erie r. R., LIST mort int added, 100z 103
5000 United States 6's, 1861, III
5000 kentucky CPS, 1910, W
Zoo SS pennsylvania IS, Isss, :. sSa
1000 1850, 80
100 bond ]. F., p, and V. Seaman. $se
40 shares Bank of New York. u41a
% :" Manhattan Bank ACKNOWLEDGEMENTS. 1901
% /" Peter Cooper Insurance Company...... 80
At the second board Erie was better, showing an ad
of q per cent the closing price of the first board
Cumberland was an eighth higher Nicaragua Transit
ceclned q per cent The prolonged absence of the Pa
ciGc checks operations Her arrival is anxousy looked
for the stock market hinges almost entirely upon her
advices. She is in her twelfth day, and must
make her appearance.
The agent OF The Merchants and Mechanics Mutual
insurance Company Of Philadelphia requests to say
that the property at Mamaroneck Is not swamp lands
but high dry, desirable lots for residences worth from
500 5000 each does not adoin the railroad depot
but is TO be better located than though it did.
The New York Bowery Insurance Company have de
clared semtannual dividend of ten per cent.
Albert II. Nicolay's regular weekly auction sale
ofstocks and bonds viii take place tomorrow Thursday
al 121s O'Clock, at the Merchants Exchange.
The steamship Baltic from this port for Liverpool y,
day had no specie on freight small amount had ben
engaged, but was oountermanded The probability a,
present that the Arago from this port for southsm
md II, Satu Will not fax nj
The Assistant Treasurer reports to-day ollows;-
Paid on Treasury account. s237 gu 90
Received do. ................ 16S 436 81
Balance do. ............. GIL ,3s5 5S
Paid on disbursipg checks ............ So,6ls Ot
The payments to-day include $50 900 on California
drafts and the receipts include $50 600 from Detroit
The warrants entered at the Treasury Department,
Washington on the 18th inst, we're as fcllows:-
For the redemption Of stocks. DO
For the Treasury Department. .......... IL SOB 20
Ior The interior Depa ~ "a ~
fof the customs To-. ~ 90
For The war department ................' ~ SV' w
For the Navy Department. ............... 80l7v 05
Payments into the Treasury on account OF sales
ofrutic lands. - =
From mis- cellaneous sources. ~ Is
The in the hands of the Assistant Treasurer
Boston ON the 10th inst follows
Treasury account. 50 $50, 675 81
Post ofhce account .....'............. oZoIa ~
Tn deposit. ZVtf ~
Total 49, 1872 092 "
The President Of the New Granada Canal and Steam
Navigation Company has received from the United States
Consul AT Car,hagena the following letter relative TO
progress the company in establishing the navigation
Of the snal and extending the of the Magda
lena river
t. s. CONSULATE, CARTHAGRsA, Oct. "a 1856
HENRY WELLS, Esq, President New Granada Canal and
steam Navigation Company
DEAR sR-All the letters sent under cover to me by
last s amer via Aspinwall have been Immediately trans
nit cd 70 their respective destinations.
The Jupta of the Liuue vet returned the deat