The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-08
F FINANCIAL AND COMMERCIAL.


uoNDAf, Jan Id Z. N.
There very buoyant and very active stock mar
kst to day. At the first board there were large tanac
ons in al the leading securities generally at better
prices. Nicaragua Transit advanced per cent; Cum
berand Coal, 4; New York Central Railroad n Hart
ford and New Haven, s. Gslena and Chicago, II Erie
Railroad, a; Harlem 1; Hudson River Railroad, u.
Canton declined u per cent Cleveland and Toledo y.
Michigan Southern Railroad sold at 81 per cent dividend
Of i've per cent of. There more done in railroad
bonds at full prices The strongest movement appears in
Erie At the close 521s paid cash. This Ii ad-
vance of u per cent the opening price. The
from Europe has had particular effect the market.
1t is neither good bad but the minds ofsge holders
OF stocks in this market have bsen evidently much relieved
There is we believe, upward movement In Cumber-
land contemplated. The condition of the company
is said to be better than it ever has previously been,
snd no difficulty is apprehended by those engaged,
in materially improving its market value 1t
is very necessary in the accomplishment of such
matter to have aid from outsiders and do not at
present any indication Of such movement The
is decidedly against all outside influences That class OF
spectators very seldom take hold during tive Pc
Rcd Alter prices have advanced considerably aud the
daily operations become large the excitement extends
beyond the limits of Wall street. and the number Of out
side operators daily increases As they get fairly
involved we can depend upon Improvement Of some
importance Speculative movements always originate in
Wa street. but they cannot be sustained without out
side support. There may be- within the next week
two, some activity and some imitation, in Stocks
butwe do not look for anything permanent in the way
improvement in prices until the is further ad.
vanced ut least until the money market is consider
ably better supplied with capital than at present With
very few exception, prices already too high and
there not therefore any basis for speculation Erie
Railroad stock more likely to improve than any other
of that class on the list The binaton exists,
and ts strength does not appear to be in the least
psi-ed The demand for stock for delivery Is likely to be
large during the present and the probability Is that
uIder this influence 1t will command better prioes. This
company is doing business full profitable the New
York Central and We do not any good reason why
such gap should exist between marke. value of
each company's stock.
The following sales of stocks ard bonds at
auction to day by A. H. Ncolay:-
IS COO Cayusa and Susq. RR LIST mort Int added toy
1000 EEL, Lack savanna and West. do. ......do 82X
5000 Csnandaigua and Cor Ing LIST mort. do 70
bO shaIes !rsdesmens Bank lZ3R l2bH
10 do Atlantic Bank 49,. .................... 60%
60 do knckerbocker Life Insurance Co....... 80
200 do N. \. and Scranton Go. per sh Of $25.. 81
At the second board the market was altogether better
Eais advanced q per cent; Nicaragua Transit IL; c.
bersnd Coal, u; New York Central Railroad \; Teal
ing Railroad Galena and Chicago 1; Cleveland AID
Toledo 1. The market buoyaut at the 81, 90 The
movement In Erie appears to have great h. Pans
ma Railroad stock in demand this ate moo :, q. an
advance After the board, the leading beAc bought
largely of Nicaragua Transit at "a per cent, deliver
his short contracts. This locks though it ging
up