The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-02
FINANCIAL AND. CONNER GAL.
M ONE Y MARK E r +.

MONDAY, Dec. l, Up NJ.
The stock market opened this morning with . steady
upward tendency and before the close Of the nrst board
an advance realized nearly every stock sold
California state rs advanced pcr cent; Milwaukee and
Mississippi Railrosd, n; New York Central Railroad, X
Erie, u; Reading. u; Michigan Central. NJ Mich-
gan Southern, X; Cleveland aud Pittsburgh, u
Gaiena and Chicago, u Cleveland aud Toledo
II; Chicago and Rock Island, v; Michigan South
ern sinking fund bonds, ~. There was considcra
BILE activity, and SPECTATORS for rise took hold pretty
sharp. The upward movement in Cleveland and Toledo
appears thus far 10 have been successful
any otf or stock on tho st The purchases for some
days past have been very large. 10 the opinion Of
many largo holders Of This stock that recon, counec
tons made with imporsan. lines Of read win prove
highly advantageous In the way Of carninss facilities for
doing business &c. Cleveland and Pitpburg in do
mard this morning, but some sapguine bear seems 70
think present prices good points 10 put out long
contracts upon, and Is selling four and twelve
months, mia own option. New York Central
Railroad works mp very hard and very allow. Tho
Albany Of This clique Of Specializing 6nsncer who
mAnsse the nnanccs OF the New York Central Railroad
Company, and who have been attached 10 ko 30 many
lceches from the start, holds forth In the following
strain -
sgaipst the growing Of the money market the
results which ought TO from the sound
without parallel in the history Of wall street
The ursa Major of the herd declares that the greatly
increasing earnpgs OF the leading railroad lines only
evidences that they the rapidly wearing and
deprcciang IN value. The tmid believe him. and and
hb party ovtrwbelm the market with fictitious sscs Of
stocks dealing largely IN the leading securities OF the
stock Exchange In which they have little owner
sbp certain dark parsonage celebrated for
talents than his virtue had In The kingdoms OF tho
when he offered TO cell them ali time.
The reports Of the daily sales the Brokers' B,ard
show, that Of the New York Central Railroad alone
twenty nve thousand shares have recently sold at
options Of the buyers, which have not Jet expired and
Of flower prices than tho stock ever commands.
not probsbie that the sellers Of these shares nj
this time one terth OF the amount Tor which they
mature before the ION Of January remains 70 be seen
whether in view OF these facts holders will supply The
common enemy, and whether thelr sdviccs Will any
longer succeed In alarming capitalists and the public
until theu ends are accomplished
me twenty i've thousand shares which thcsc spccu
aiors have recently bought time, thor own option
may not make such rich they have anuc,-
pated They already begin TO squlrm, and vel they
may. they 20 year AFTER year bleeding the company
al every pore, adding millions upon millions 70 the fund
ed debt and then expect the market price Of the stock
20 be sustained firmly and II high prices the
stocks Of companies which not only honcsy maasgcd
but whose eardnss show that the dividends paid have
actually been earned.
The following sales Of bonds and stocks made
day at the Merchants Exchange, amer the adjournment