The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-06
FINANCIAL AND COMMERCIAL.


FRIDAY, Oct. 5-6P.M
The stock market continues unsettled There was con-
siderable activity at the first board and better prices
were in several instances realized State stocks have for
some days past been active than usual but lower
Prices have ruled Missouri 6s sold to day the extent
Of more than 100000, principally time Railroad
bonds are comparatively quiet Illinois Central
better to-day and but small lots Offering. Illinois Cen
trail stock was in demand at advance. The Western
railroad stocks little Rrmer with very few shares
Offering. Reading and Erie without much change,
but supported principally by active operations Of specu
hors The market was benefited by the little letup in
the money market. We may have these occasional reac
tons in the market but the tendency will be throughout
towards greater sringency The condition OF things in
Europe be otherwise than injurious to many of
great interests. Il would be dangerous to
suppose that could maintain all interests
in a state of high prosperity while the principal
nations of Europe suffering from short crops
and all the horrors of expensive war. 1t may
he argued that country like this possessing
all the elements Of wealth, producing from its soil
only godwhch forms the basis Of all currency and is
the representative of property throughout the world
but food and the material for raiment In an album
dance almost sufficient to feed and clothe the world
must be able to control financial and commercial mat
ters and command any terms for products but it il
not altogether So The people of Europe may be com
necessities may also compel them leave our other
staples the value Of which forms an important item in
our export trade The decline In the value our cotton
shipments may Be shmcllNO Offset all our profits in
beadstufs In periods of plenty and prosperity the
sumption OF all the necessares and Injuries of life
unlimited and activity regns in every department Of
industry but when scarcity and high prices prevail
food, economy in consumponnot only of that but Of
all other products-is induced and trade is restricted
to the narrowest limit. If had nothing but -four,
wheat corn and provisions to sell, might command
high prices with mpunty but when have articles of
luxury as well Of necessity, dependent
less upon the ability and prosperity of customers
Al the first board to-day Tennessee 0's declined per
cent Missouri es, y; Nicaragua, 4; Hudson Railroad
u Michigan Central, 2; Indiana BIS advanced u per
cent Illinois Central Bonds, u; Pennsylvania Coal, \;
Gaiena and Chicago N Reading, u; Michigan Southern
l. Illinois Central Railroad, II Cleveland and Toledo, l.
Chicago and Rock Island, u.
At the second board Illinois Central Bonds advanced 4
per cent; Cumberland, a Gaiena and Chicago, 81,
Cleveland and Toledo, a. hundred or two shares Of
Gaena and Chicago could not have been bought this az
ternoon at less than 1l9 per II has improved one
per cent since yesterday All that have said in favor
Of this stock and more will be realized by those who
wise enough to hold it, The report carreat few days
since OF defalcaton in the New York Central Company
proved TO have been not without foundation An agent
in the western part Of the State, absquatulaed with
$3 Of the funds received at that end Of the line for
freight This unfortunate affair reduces the surplus
OF the Company to about S943 of this immense
amount $40 goes into the reservation fund for deprecia
ton and the 5000 will remain in the treasury satisfy
the claims of the drovers who recently had their cattle
killed by collision of trains Future collisions and
cidents and the annual appropriation TO
track cars &c. and above the $40 unprovided
for. The directors Of the Michigan Southern and North
Indiana Railroad Company have passed resolution
that after the LIST of January the construction stock OF
that road shall be made full stock. II is receiving
per cent per annum but will then participate in the
ngs of the road and the dividend will be paid il
on the present full stock
The Fulton Fire Insurance Company have declared
semi annual dividend Of five per cent The Eighth Ave-
Railroad quarterly dividend of three per cent The
Oriental Insurance Company, Of Salem, Mass. four pc
cent. The American Insurance Company Of Providence
X. l., four per cent.
The tolls received the canals Of this State for the
fourth week in September and the year. fol
lows -