The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-06
FINANCIAL AND COMMERCIAL.
MONEY MARKET.

MONDAY, Nov. 5-5 Z. NJ.
The panic at the Stock Exchange has not subsidized in
the least The disposition to sell or rather the necessi-
ty of selling appears to be strong The fall
in prices to-day fully equal to that of Saturday AM
The amount OF saies full large The transactions
confined to the regular ances such as Erie,
Cumberland and Nicaragua Transit Erie appears to be
yenter Mt ~ per cent than 1t at 90 per cent AMI
The bears putting 1t out freely at the market price,
with nearly every stock the list. Cumberland said
freely prices lower than have been known for years
Nicaragua is believe lower tina It ever has been
tarem is clear way down almost among the dead men
The most desperate bear thought Harlem would
touch Tx per cent. Reading fell of from the open
ing, with large sales Illinois Central bonds sold to
the extent OF s100 900, Mt lower prices. The worst
feature OF the market to-day the depres ion
after the opening Nearly every stock ruled lower
at the close. At the board Virginia 6s declined z per
cent; Missouri 6's III Illinois Central y; Nicaragua
Transit, Cumberland, u; Erie Railroad =; Harlem l;
Reading Railroad, liz; Michigan Central ~ Michigan
southern, III Galena and Chicago, 1; Cleveland and
Toledo 2; Chicago and Rock Island, l. Sales of New
York Central made at IS seh per cent and offer
ed freely that Delaware aud Hudson sold this
ing at lie par cent. within the past month thi.
stock has fallen from 1872 per cent After the first board
the market still heavier. Erie freely offered at
II per cent The powerful combination ia this fancy
been blown TO the four winds The losses have
been immense Fortunately for the bears the clique
all large capitalists and able TO stand up to the
rack This the second dead failure the parties
have made in this stock, and the probability Is that
they have been sufficiently burnt to hereafter let
II alone New York Central Is about sick
stock there u in the market, and is
tanned only by the greatest stimulants. A few days
since just previous 10 the adjustment Of the winter
tariff for freight and passengers with the Erie Company
apsrty made up Of the old consolidating schemers from
Albany entered the market purchasers and secured
quite lot Of stock under the impression that upon the
announcement of the amicabe settlement Of difficulties
With the Erie road the stck would rapidly RISE The
unusual demand created by these purchases carried the
stock up from 81 TO SO per cent where 1t stuck IL has
since fallen to IS per cent, and has strong downward
tendency. New York Central Is than a fair
per cent stock aud such worth from 20 to per
cent Most important changes must be made in its sys-
TEN Of ent from through all depart
ments, 10 sustain II long at that standard The
seeds Of depreciation taken deep In i,s most
vital parts and WILL If not speedily ersdcated bring
forth such fruit as the stockholders little dream Of
Among other bright passages in the Albany Es7,ino
Ioprnors article OF the I'D, occurs the following
II dpinshes the OF road AMI swells nv
ilions its liabilities II flsi6es retu rs imputa. fraud
predicts ADVISES sales OF ts many article We
uew but thai OF October 49, 1ni. purprs Ia haze
teen written with the state Engineers report 81 1854
the Central Railroad has floating debt yet the esSo
% the stock market says IL Is admitted that the float
ite debt Is fully million Of dollars"
Our estimate Of receipts for year ending Oct l. was
90 10000. The actual receipts az published BY the
company AZ s24-not far out Ct the way there
We stated the capital 70 b s3s and floating debt