The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-23
FINANCIAL AND COMMERCIAL.
N o n K Y N Ar X X n.
THURSDAY. March 22-8 P. M

THURSDAY. March 22-6 P. NJ.
The stock market was little heavy at the open.
ing this morning. With considerable reduction in
extent Of transactors there was in some Of the fan
cies decline In prices. At the first board Virginia
6's fell of per cent; Missouri 6s, i; Ede bonds,
1875, l; Illinois Central bonds, I; New York Cen.
trail rs, /; Pennsyvania CoalD 4; Cumberland Coal,
4; New York Central Railroad, l. Cleveland and
Toledo Railroad, 4; Harlem, /; Reading Railroad,
/; Hudson River Railroad, IL. Galena and Chicago
Railroad advanced per cent; New York Central
bonds, |. The market Ia more unsettled than Il
would otherwise be, on account Of the anxiety Of
the public mind relative to the complexion Of our
next Advices from Europe. II does not matter SO
much what the character Of the expected news is
The suspense is working more injury than the re-
alty. So far as cur most important local interests
are concerned, It Is not Of so much consequence
whether the reported death Of the Gear is true or
lot. We want the fact Whatever 1t is; and those
who sell stocks for tall, upon the supposiion
that Nicholas Is living win mako mistake, for his
death would be moe likely to put prices down than
up on this side Of the Atlantic. The advance In
stocks has not been entirely upon the fact Of
his death. Previous to the arrival Of Aducss
to that effect, the stock market had been
quite buoysnt for some Time and the causes
producing that expansion were entirely local.
The upward movement commenced in the
midst Of the gloomiest war period Of the
season, and 1t Ia our impression that the receipt Of
intelligence that the Gear Ia alive and vigorously
prosecuting the war, win be more likely 70 put
prices for stocks up than down. The war has now
no terrors for us, under its moss adverse circum-
Stances but on the contrary Il cal ,ulated TO be Of
advantage In good many ways. It served to con-
tract and restrict commercial transactions, andthat
wasjust what we wanted to recover strength and tone
In our financial systems. Il acts now a. whole
some check upon mercantile operations, and pre-
vents the existing easy money market from leading
to more over-importation and more overtrading
But for the fears and approximations entertained
relative to the European war, thore would have
been, before this, all sorts Of enterprises and pro
jects presented for the employment Of capital, and
we should have been again in the same line Of ex-
txsvagance that led to so much disaster six months
since. The war has been our safeguard. II Is the
fear Of something they know not Of which has
kept the community In check, and saved Us from
relapee. In this view Of the question, any event
likely to restore peace TO Europe and let loose upon
us again all the elements Of speculation, cannot be
looked upon In favorable light, and the death Of
the Gear would therefore, under these circum.
stances, be deplored. .
After the adjournment Of the board odsy, the
following sales were made at auction by A. H.
Nico.ay =
BY order Of the Fort Wayne and Southern Railroad Co.
$4,000 Of their real estate first mortgage
cent bonds due in 1862 interest payable In New York
LIST june and ist September tbs Ohio Life nsuraace
Also for account Of whom il might concsrn~s 900 Ohio
and Mississippi Railroad second mortgage bonds,
I. Cross: and Mi..uiis dated J.nu. n.
1st 1854, interest payable LIST January, and LIST
$1,000 Georgia state seven psr cont bonds due 1884
S5 goo Chicago and Aurora Railroad second mortgage
per cent bonds, due In 1859, interest LIST April
and LIST October, 81, 600. nv int.
5000 Shelby county (Tenn) bonds, due in lss! in
$4,000 Hudson River Railroad third mortgage per
cent bonds due In 1875, Interest payable
LIST May and 1stNevember, 81. 900. Tx Int.
100 shares Second Avenue Railroad. ........... IS
1871 Catsvassa, willismsport Erie Railroad. 20
20 Third Avenue Railroad .....................2 9x
100 Whites Bank, OF Buffalo, (hypothicated) 100 102x
10 Bank Of Commonwealth. NEUTRALITY-SUSPICIOUS.. e7K
$50 Farmers and Otzens Bank, Of Williamsburg. b81
% Continental Insurance Co OBSERVATION-DISCLOSURES
ID Greenwich Fire ms. Co. .136
10 North River Fire Ins. Co....................137
% rhrk rIre ins CO. ..................... %
20 Arctic Fire ms CO.. 2h
80 Mercantile Fire ms Co. 90
Pacific Mail steamship Co Observation-Disclosures. 80
20 Grocers' steam Sugar Refining Co............ 30
800 Potomac Copper Co. 30c
20 lsaoeih topper Co.. JUG.