The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-14
1.xvs pry- Obituary.
co,srtrv IAN, soldier Of the Revolution, died o.
tOnn-, on the 2lst ult, aged 81 years.
FINANCIAL AND COMMERCIAL.



MONEY MAR let.
FRIDAY, April l3-6fM.
The stock market not in very buoyant condition.
and not very active. There nothing Of
bearing upon prices and all that Is wanted is batch Of
new buyers No matter how abundant and cheap mo-
ney may be- the stock market requires fresh supplies Of
operators and Spectators in the best and most produc
tive securities must have activity Prices aucta
ate 30 that stocks change hands all buyers
the market value would up rapidly and the floating
stock would soon be absorbed It would then become
active until reaction took place and all become sellers
In tho absence Of fresh operators, the old must
change their tactics and sell the purpose of depreca
ting prices, to in, possible at lower points
and make up their losses If any occur, In that way
few years since extensive bull operator in certain
fancy purchased large portion Of the capital He did
not get the bears short to compel them to take his
stock at his prices but went to work buying it up
at the current rates. with the belief that whom he had
secured nearly the whole capital people would come to
him and any price for shares After he had
all his money and all he could borrow and had
about two thirds Of the capital he found himself loaded
down with o stock which no wanted. There being
no shorts, no one obliged to buy, and he was
left alone with anproductive fancy, which would
have ruined almost any to carry He Ultimate
y compelled to sell at great sacrifices and retired into
bankruptcy. Any attempt to absorb the capital stock
Of railroad company, for the purpose Of putting up
prices, nust terminate in the way The difficulty,
therefore, of putting up the market value Of any stock
great that shrewd and experienced operators
attempt it, They keep active by buying and selling
By realizing small proas they do not get saadled with
the stock at high prices. The market 10 In such
dton at this moment to make it very doubtful which
way prices may go. For nearly four months have had
an uninterrupted Improvement in market values, anda
growing ease in the money market. In that time the
banks have increased their loans about thirteen millions
of dollars Stocks have risen in instances twenty
and thirty per cent and the class of spectators
has been in them from the FIRST to the last 1t is
question prices haye not general thing, reached
points upon which any further improvement win bs Diff
cult, If not impossible At the first board Illinois Gen.
trail Bonds declined u per cent Now York Central u.s.
4; New York Central Railroad, q Cleveland and Tole
do Railroad, u. Erie Railroad advanced II Reading
Railroad, X; Northern Indiana Railroad, l.
After the adjournment Of the board, the following
sales were made at auction by Simeon Draper
5000 Wabash and Erie deferred special Canal u.s.. 81
5000 Cleveland and pittsbure Railroad Isl mtge. Tax
1000 Ohio Land and Marble Co. 6s land bonds. Is
2,340 Mercantile Mutual Insurance scrip 1S52.. II
1,s4o New York Mutual Insurance scrip 1852 IS
1857 Mercantile Insurance scrip, 1852 10
1000 New York Union Club 7s................. TIKI
the second poafo the Market was altogether Deter
Cumberland Coal advanced per cent; Erie Railroad,
u; Reading Railroad, u. Stonington Railroad declined
per cent It is the Impression that this company will
either pass its May dividend reduce it to very small
rar oan+ p.r.r,. p.r.a s,a AIT. ,,,-,o.n - az -.
- ~ 'A 'o s " ooa :. - Pef
cent, being decline of ~ per cent since last sale.
Reading Railroad must steadily improve, under the in
huence Of immense receipts and enormous net
ings, but we basis for the market generally,
tanning greater weight An mnression l. antsrta;naa
that Erie win before mid summer touch sixty Der cent
but no rood reason exists vhv such result shod ba
.r. NV, ,., !. =, ,,
ea1eu Ane Pie'hofa N tue money MARKET mas aneauy
intrinsic value 70 command greater prices and wa do
- 80 ..--a..-.... =: -. I,,
stock but Reading.
The transa ,tions at the Office to
a. -. :, ,.uo...
10Y, eAo 90
As"'"AJ ASs~s'''''''''''''''' oo,soo 20
received o....................... %, s92 %
Baence 90. ...................... o,OSi,oI0 Vi
paid Ior assay once .................' Nn3 90
faid on dsbuIsirg checks.... lo2Oo %