The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-19
FINANCIAL AND CONNER CIAL.
MONEY MARKET.

THURSDAY, Jan. ls-eP.M
There was . favorable turn IN the stock market
to-day. A the first board there was general i'm.
psovsment, and more activity than We have NOTED
~ some days Virginia 6's advanced I p~ cent;
Canton Company, /; Cumberland, II. Nicaragua
xransit, j; New York Central RsIlrssd, !; N. In
: diana Railroad, 1; Harlem, :; Eric Railroad, !;
Reading Railroad. II; Hudsoa River Railroad, I;
Illinois Central Railrosl, /. There was very
spirited movement IN cumberland Coal stock this
morning. All tho Leading fances were In demand,
and We should not be surprised to see pretty gene
ral infs0on. The easier state Of the money market,
the absence Of any uufAvorable intelligence from
Europe, the limited extent Of foreign importation.,
and the accumulation Of specie in the vaults Of our
banks, all tend to sivea greater impetus TO the ex-
Pansion Of prices for stock securities and to give
better opportunity for outsiders to realize. These
prices must bring into the street great many
shares Of stock which have been held outside
1or investment. A further advance would bring
about moro extensive realization, and increase the
Load for the brokers TO carry. Toe banks continue
10 loan freely on call, and customers are plenty
enough among stock spectators. Until the future
Nelcarer TO the vision OF bank managers, they will
mot lock up their available means IN paper OF long
fiaatea Although this encourages speculation In
azcy sto,ks, It serves materially to check the ex-
ansion Of commercial credit, and restrict all the
operations Of trade. TIE increase Of discounts to
Importers an others engaged In trade, would be
very likely to increase our mportations and run ex
gchange up again to specie shipping points, when
can't action similar to that recently experienced
would have to be again resorted to. With all the
pdtfcuties the mercantile classes have lAborsd un
der during the past six months, they would launch
HsSut immediately and extend their business to the
full limit Of the facilities provided, and it Is there
lore necessary that the screws should ba kept
.3Hghtsned for . time longer, that the country
nay become able to bear the reaction, AID
gain strength enough TO enter again into active
Yb0hsumpsion. The accumulate, IN Of gold in our
banks gives them greater dead weight to carry than
they desire, and outlet must be found for the
7 Employment Of 30 much inactive capital. Loaas to
brokers on call may do well enough for tine, II
BARRED only 10 moderate ex ent but II loans we're
made to capitalists and builders, for the purpose Of
penablins them to enter largely into the improve
nent Of city property In the erection Of dwelling
houies, and such buildings as are actually required
by the mass Of population this island it would be
~ vast service just now In giving employment to
thousands OF workmen. would make large amount
xM property productive, aod tend much TO the re-.
cucticD Ct the average rate Of taxation. As for the
ecuIity, It could not be questioned. Capital used
o$his way would not aid In the expansion Of our
foreign trade or give an undue impetus 10 specus-
a,iion.
M After the adjournment Of the Board the following
BALES Of stocks and bonds were made at aucion:-.
k6, 600 Y. &N Haven RR Ia 1856, Int. added SIX