The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-04
FINANCIAL AND COMMERCIAL.
MONEY MARK X +.
MoypAY. Dec. Sd r. hi.

MONDAY, Dec 3--6 r. ".
II appears to be impossible for the bulls arrest
downward Of the stock market Their organ may
groan and grumble about relative
this stock and that stock, but is Of use the tendeu
cy il downward and viii continue until they reach the
level Of their real value. A. general thing prices
altogether too high Outside buyers will not touch them
current rates and holders find 1t difficult every
day to hypothecate up what they consider favorable
margins As the market declines, II becomes
certain regarding loans call and the fall Is has
tened by the reduced facilities for carrying At the
first board to-day New York Central rs de-
cined 4 per cent; Nicaragua Transit n; Penn. Coal
X; Cumberland, 4; Cleveland and Toledo, 4; Chicago
and r. Island, p Michigan Southern VI Erie RR., TX
Reading RR., !; Michigan Central RR., y. Erie and
Reading were In moderate demand ut the opening, b.
sellers abundant and offered freely any terms
Tie bulls made great Efforts TO sustain the market with
out buyirg largely and by avoiding the SELLERS eye
the board escaped baying largo lots put upon them
small lots OF N. y. Central sold in the street
ssh per cent but IT afterwards offered fraction
lower, without making sales.
Alter the aajour nnent Of the board 4. II. Nicoiay
made the wing ssies Of bonds and stock ,ucton
o. 600 Gin. and Chic. RI. lst mort bonds $1,000 10
COCO Chic Mis- RR LIST mort 10 per ct con BIDS do lax
AZ 600 Cev Io RR COW per cent inc BIDS do. IA
=, one i,r Can Col Co Certificate hypoth d. :. $3.50
70 shs Beeku an Fire Ins Go, s26 esch......... %
- Niehoas Fire ms 5as IS
20 Rutgers Fire ms Co Observation-Disclosures. IS
IS Mechanics Fire ms Co SIS each .,........ A0k
too Gardner Gold Mining Co, % each. .......... "a
seshsnics Bank tof williamsburg ............ 90
leo state Bank Of n'in,is, 500 each ...........
$50 Wyckon Gold Mining Co. go each. .......... 22x
TO Etgeworth Company 50
At the second board prices lower. Hrie fsu on
Il per cent; Illinois Central Bonds, Cumberland,
Michigan Southern N Cleveland and Toledo. n; Chicago
and X hind. y. Galcna and Chicago advanced y per
cent with the sale Of small lot After the boar
old at AZ per cent and offered freely At tia
f.urf. There sctive movement In Nicaragus at
both boards to-day, without cawng much variation In
prices.
The canals OF the State remain open snd We learn
that orders have been given not TO draw on the water
from The Erie canal until the 10th instant The crowd OF
boats reported day two since between Albany and
Utica has been reduced and the probability Is that all
the boats along the line win be able to get through.
The bonds ssued by the Nicaragua Transit Company
payable six months hence for the payment Of loan
about maturing have been sold Al IS per cent. This Is
another inquisors transaction the part u the
gers Of this cempsny. With assets ia hand which
might easily be made available for nearly the fG
required, the directors make chow Of COMING into the
msrhet for fair and fires sale o. bonds when a. the time
II all cut and dried 20 parcel them on, among holders
OF the maturing loan a; price which v cos, the stock.
holders lsk per cent for ak months equal - per
cent per snnum. There must be somewhere or some
how renedy Tor this wholesale laundering. r.
there any tesie On tue part Of,he oo-hoers 70 -