The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-24
FINANCIAL AND COMMERCIAL,
- ON Ell n A n K II T.

SUNDAY lie, 23--er W.
The money market during tho past week has boon
grsSuaiy, but steadily, growing caer. On c4D mono,
is rariiculai, abundant, aud ths banks arc around
sn eng the bsosers, with money In large e. IA
hat way On time he raies are higher and n IL m,re
ottheult TO make negotiations Notwithstanding this
sa'e II things, quotations for stocks appear
Ting down. Tiers Is evidently disposition the
Of outsiders enter the stock kst They have
G. ubtless In view early ard active opening Of the
spring trade snd hey have doubt determined to hase
their ell In hard TO be made available any M
nent. In this they WISE There ndic4 atoms al
present that isrgr and prosperous business will
he done during the approaching spring than have
Known Tor years and the probability Ia that capital si
be In demsno for egn ate mercantile purposes. In this
many stocis which held dividends aud
were purchased for permanent nvestrnsnt, may
upon the MARKET The country at large
richer than at this omeot The agricultural classes
have resped harvess and realized prices sucn al wero
rever bcsts dreamed Of, and the consumption OF all
thu necesaAries and most OF the luxures life viii pro
baby Be greater during the year 1855 than before
In vAw Of the profitable business that awaits every class
Of the community, speculation in the stock market win
b. left TO those who have adopted II profession. II
Ia only the absence Of business and empo, ment In
her aepartnents that induces outsiders 70 oner the
area fancy ssock specuis tion- It Ia gcssraIly alters
prosperous seasons BUSINESS among traders and Others
that the stock market becomes inflated and not besore
must not, therefore, look for active upward
mown ant In prices until, the spring trade has been dis
poesd Of and tnoss engaged In counting up tho proes
ind Themselves able 70 take nyes in the fAncie
After . Of ,s~sfu trade the merchants feel
rich, and IN tbs Absence a other cxcsmenss frequently
e into the street and temporarily employ their surpu.
capital ,hs purchase Of ssochs With the expectation
realizing before their money Will BE- re uirei
In their legitimate lines Of bussS~s. rhsn MAJ !oos
for an infsin and important speculation; bat tina
Isiicd 10 mouths hence. and In the inc dat
~nl reign In Wall street and the brokers b. CON
pclec 70 easry the icads of stocks they beat
The Msphs,tan OIL Company has declared a ssr-
annual Dividend Of ,hrse per cent on h capital stock
snd also additional dividend Of thrs per cent that
portion preferred SOCK out Of the proa1 Of
the last six monhs payable and asr the lst Of JAna
any This makes the tut dividend for the Sin months sr
PER cent the preferred and three per cent tho
suck Of lbe esmpsny. When n Il rscosesei that
this for the FIRST six months IL ths eompsnys opors
tons, the prodocv~ness az ia buoss- wi reairad
Ihs al manufactured By this p~ny h preferred 10 al
offers Tor burning aud lubsostieg purpp>s. IL being
entirely tree from all inpurtes In IL apple 70 ma
elinefy, 1ssves M Tamy dsie,sd,u matter behind
Ola fos mehsnieai purposes have been manufactured
from AN sorts a nsssrs and TIE original 4sa
ANAL that In many instances sngtassr sEd s,hsrs