The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-06
AND COMMERCIAL,
n o n EY N A II X EFT.


Lower prices ruled to-day at the Stock Exchange. The
market not sctive aud both classes Of operators
preferred waiting for the steamers advices Holders
under The impression this morning that II would be
better To wait rather Than realize the decline prices
ruling for all the leading securities At the Asst board
Illinois Central bonds declined per cent; Hudson Rail-
road, ~ Michigan Southern, .; Panama, u; Cleveland
aDd Toledo a. Harlem advanced u per cent; Nils au.
kie snd Mississippi Railroad, 2. There a small sale
Il Galena nj 11s per cent II reported that the
ings cf this road for November viii range betweca
1928 goo and $3.50 ooo sgaina SIie i9s for the
month last year This is very respectable ncrease
The bars con,nue to put out Reading IN large lots We
understand that OF the largest sellers parties
who have the greatest confidence In the producvenes
Of the road bat striving to depress the market for
the purpose If eouDg Ia at lower prices and apon n
more favorable bais. This is OF the evils OF
speculation. In this instan ,e, If the oldest
and best friends OF the Reading Company doing all
in their power TO depreciate The market value Of the
stock. Any stock held In large blocks is liable 10
Influences, and they do to give security speca
etive character than all others mbinec. IL ae,dng
stock well distributed Galena should the
market price considerably above par bat long It
Il tossed about Wall street fom broker 10 ano-
Their 10 lots Of one two and three thousand shares Il
Will be subject % all sorts Of fluctuations. The down
ward movement in Erie appears q have been arrested
II II not certain that the happy n Willy" have been
obliged TO realize II not, We may expect partial reco
very. Michigan Southern, Cleveland and Toledo, and
g Ego and Rock leland freely offered to-day.
sgua Transit remains pretty steady, With small
ae. There Is disposition TO speculate In this stock
10 the street and outsiders having all confidence in
tie management Of the eomrsny's aGr., are not dis
iosea to touch II at any price. As the concern now
stands IL worth nothing 70 any sockder out,ide of
the board Of II The net earnings double
the amount reported, ways would be found among the
officials absorb every cent OF IT, The company have
president TO whom II pays 80 100 per annun and
creary to whom II pays 1900 and with this well paid
force the stockholders apd IL impossible get full
Detailed report Of the latt years operations 1t would
rc"y be gratifying 10 know what these officials do for
D. arge salaries they receive.
At the second board the market was decidedly more
huoyan, The foreign news had for the omen, good
effect Erie went up per cent; Illinois Central bonds,
u; Cumberland, y; Panama, y, Chicago and Rock
bland Ia Cleveland and Toledo, "a Reading Railroad
IL: Michigan Southern Railroad ~; GaIens and Chi
csgo ~; Milwaukee and Mississippi l. After the bard
the market weaker and prices lover. The sales Of
Michigan Southern this morning show how dangerous IL
s for an outside seller enlrus, hs interest Ia III.
hands Of party having In the depression Of certain
stocks or Of the market generally The market opened
this morning With Michigan southern nm a, % per cent
cash but sales made down 70 90 per cent by GER
tain operator who had small lot 70 sell for an outside
customer whose interest had to give way Cor Interior OBJ
scts II would well for holders Of stocks outside o.
The street % poet Themselves % the position Of certain
brokers before en'futing them with stocks 20 SOIL and
Il wculd also be well enough 10 whether parties
pioJe by outsiders 10 buy stocks interested
In paying high prices than Lon ones shen Il can BE- dons
a, Others exrspsr.