The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-23
FINANCIAL AND COMMERCIAL.


MONEY MARK Il r.
TUESDAY, May 22-6P Pm.
The stock market is pretty well sustained. The daily
transactions sum up large figure and holders
ceedney firm in their ideas of prices. Cumberland has
been quite active during the past day two, with
steady upward movement in market value Since the
bids for the loan were rejected, spectators have
taken hold Of the stock It 10 curious kind Of fancy
and moves up and down strangely 1t strikes us that
there is more speculation going in the cempany's
Office than any other part of Wall street. The stock
appears to be now the upward track but there
Indications that it will continue long in that drec
ton The Harlem Railroad Company is stin in want Of
President and vioe.Prssident. It appears to be q
very difficult matter to get hold Of the right kind Of
Since been decided that Wall street brokers
cannot get the control of the road again under the
present direction the market value Of the stock has i'm
proved. New York Central Erie, Reading, Panama, and
all the leading Western railroad Stocks steady at
quotations, and in view of their future earnings &c.
will be very difficult to dspress them much. Notwth
standing the rputed large sales Of stocks Wall street
duh and inactive. There before much mo
ney with little disposition to use it. No is dis
posed to enter into any new enterprise and all seem to
prefer waiting definite developement. 1t is the &C.
neral opinion that the European war win be protracted
one, and that it will continue to exercise unfavora.
bic influence on commercial matters throughout the
world. There is very little doubt about the effect Of
protracted hostites and the only hope have is in
next harvest, and the probability of demand for
consumption from Europe that win take away all our
surplus This will give activity to internal trade,
and probably turn the tide Of specie this way In the
meantime must quietly and patiently wait the pro-
gress Of the and Of the war. few weeks may
make great changes in the position of all parties We
at present only interested in approaching har
<i~>1xx, +hn~.
There time when the changes Of the weather
were watched with greater socitude by the mercantile
classes than present The agrculturst is not alone
in his anxiety for bounu crops Every interest in the
country is concerned and shall hail the securing of
our grain crops, with abundant YIELD with great joy
Last year experienced series Of disasters, from
the opening to the close This year have been thus
far exempt, and long may we remain So
Prices current at the first board to-day, compared
with those ruling at the close yesterday, show ad
vance in Louisiana 6s Of u per cent Illinois Central
bonds, u; Cumberland Coal l; New York Central Rail-
road, 81 Harlem, a. Erie Railroad went up y, but fell
of and closed at decline Of u cent. Indiana SIS
declined n per cent Hudson River Railroad, u. Iii.
nos Central bonds sold to the extent Of 900 this
morning, and improved from the opening. Other rail
road bonds were particularly dull. About the usual
variety end quantity of State stocks offered and
sold without much change in prices.
After the adjournment Of the board the following
bcnes were sold by Simeon Draper
$50 600 n York Harlem R. R. LIST mt rs and int .S7k
The following sales were also made
$4S, 900 Sacramento County bonds. .s3 to 80
Adrian H. Muller will hold his regular weekly sale Of
stocks and bonds tomorrow, Wednesday, at 121S
O'Clock, at the Merchants Exchange.
At the second board the market opened and closed
heavy. Cumberland Coal declined x per cent; New
York Central Railroad, u; Harlem, Erie ~ Hudson
River Railroad, /. There sales Of Reading.
This appears to be quite reaction since morning. The
sales this afternoon principally time. There is
not much cash stock offering.
Books for subscription to the capital stock of the New
York County Bank will be opened Wednesday and
Thursday the 2ad and oath inst from 10 to O'Clock at
the banking house corner of Fourteenth street and
Eighth avenue The capital is $2c0,000 in shares of
slc0 EACH The following gentlemen compose the direc
tion;-Chas A. Macy, PRESIDENT Ambrose G. Kingsland,
Paul spoford, Edwd haight Jno Pettisrew, Ely Hop
pock, Benz. F. wheelwrght, James Barnes, Tuns Van
Brunt, Luke II. Holmes.
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