The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-29
FINANCIAL AND COMMERCIAL.

n o n - n n a e x M.1rs


AOHEr n 4 X Ar.
FRIDAY Ne, 28-6P. NJ.
Tia stock pariet is stil recedng There was iistls
activity Ia operations to day bat yer prices ruled
roushout New York Cen raj rs declined 4 per CEN;
10 Railroad, u; Panama Railroad. y; Michigan Gen.
81 Railroad, X; Reading Railroad, \; Michigan Soa,h-
\. y; uevelaud aud rd.do, 4. Ncarsgus Tnusit
,ntinucs very m aud In Moderate demand. 1t has not
sned half per cent during he past ten days. The
arhst DO sustained under the present influences
elders oos favorable advi,es from Europe bat upon
hat bssis they place such snt,cpa ions knows.
10 q. peace current At the latest dates
we taken more tangible shape and We co not ses
hat chance there Il for Satisfactory returns from
. Bank Of England Every cay brings nearer the tins
hen new loans viii be required; and the wants Of
allied governments viii ony be increased BY the dc
y the possibility Is that the required win be
rgsr than any yet raised a. any one time. Several
oHhs have elapsed since tho last loans negotaed
ID in that period the expenditures have been
me time since the Eoglish and French journals
ated that the wants Of the English and French govern
ents during the 6rst three months o. tas year
pud - full fifteen hundred millions of frsncs-eqrA TO
bundled millions of dollars. Proposals for loans to
this extent, or even for one half the amount would
rec contractions comnercai operations by the
thdrawsi Of money from commercial channels
1t would produce another widespread panic among
numerical classes No can for q moment doubt the
csasiy the part Of the allied governments for new
The winter has been inactive one, so far as
tuai hostes concerned but tho preparations for
. next campaign have been upon more extensive
le than the last and the amount of money required
nst have been Immense. The old loans hare been
thout doubt long since used up, and new ones must
ppiy the material for war purposes. The rumors Of
undoubtedly put forth to prepare the public
I'd for such 6nan,ial negotiations as may be necessary
meet the approaching exgencie' The money market
the stock market of ndon have for some time past
undergoing preparations for the appearance Of pro-
ssls for new loans and should not be surpassed to
quotatiees for two per cen. higher than
4 repeated before the expiration OF the month of
nuary. Pubic credit mus. be bolstered up before il
be sgsin heavily taxed and lean could be
lily and svorsbIy neg tisted with consols ct 90
! cent that with them at IS per cent
N ths side Of tie Au.etic we must patiently welt
watch the Of Our financial affairs will
Tins longer be affected favorably unfsvor.bly
cyery movement in Europe. We look for q serious
,ressicn in mcsi Of our stock securities when the
leans are pressing upon the European money
Ike,s and tie wssst course for our fnancisrs and
puIruo, II W Hoiu turuheNcs PtcP0 gu
Of those temporary psnics, which our people so
quently give way O.. Jus, certain as tbs aliei
re,nments come the money markets Of Europe for
wloans just cestaiu wal prices rule Ia own
rkets for local stock securities It is belief that
prices will rule tere way but the above event
make it certainty. Now, If the bulls figure out
It tht European be ca ried without money,
thai loans GU. Of be question, they will RS
We ore very great weight now upon the ma,ket, bat
" must also figure out that stocks at p e'en.
ces are chesp-sufhciently so to attra,t outside
ua'ore. We hardly know which Of the above it would
the most aicuitt prove With Two three except
cbs Inflated beyond all reason. Any outsider dis
ed 70 purchase would it difficult 10 select any fancy
Ing al prices nprIng cur me slightest probsbilty Of
6.. We have lately heard Of instances where parties
poeed - buy have been unable to find fancy but
already away up 10 the clouds. Take the entire
Of railroad stocks, abaiyze each company, and see
at little aue the generality Of them possess Taking
~ two or three, and those left Q lot Of sickly
", ,pscal concernstheir estates nearly ready BIZ
uini ere5 Diseased In every department, some o.
N cannot much longer survive the doctoriug they
" undergo from the quacks in charge careful ex
nation Of the merits ana dement's Of each wouli
Investments to very limited number, leaving tha
TO tho tender mercies of the most desperate class
culatoFs Nothing short Of "a important depreciation
no market value Of this class OF stocks attract
RI aver NJ tnPr