The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-18

collapse Of 1850 scattered NE bull interest ~ end wde
Some OF their pet altogether, but tho
bears did not gam much by their success for Tho whole
party went down in bun h-hanks bulls, bears, bonds
and ALL The explosion swept the ea baton away at oae
blow The game proved too much for al engaged. II
even proved too much for tho government FOR brought
about change IN $780, The bankrupt OF 1871 clear
ed OIL the whole Of the Liabilities and obligations grow
cut Of that breakdown, and believe the amount
wiped out by that act was about $4,000, COO. At
that lime this was considered pretty largo sum, but
the past fifteen years considerably enlarged peooes
ideas Two hundred millions Of dciiars Il nov consider
ed small Item A. tina. tine tho entire incorporated
capital OF the country not five hun ired msns
OF dollars and the tevuson that followed tae nnatou
was not recovered from for many years The entire in
coporated capital Of tho country at TIE preseat ne
not be lets than TOO thousand millions # dollars wecsn
form some idea from this Of tho collapse muet b,
when it comes.
Within the pas. thirty to forty days stocks in which
large specu tons prevai!ed have from 10 TO l6 per
cent, while the money markets OF tho Old World &c
well as the condition Of cur own, seemed 10 demand
decline. stocks other than speculative have remained
without alteration, while irst clans bond. havc
shown no Improvement at ALL or In other words, good
reliable securities have not been wanted while tho.o OF
doubtful character have risen enormously under
tive demand The mystery solved in the rocen. heavy
failure The suspended house hal sold too much TIE
knowing ones had been upon It's TRACK and their efforts
with outside aid, proved succeessa. Gao Of tho
o. their IL TO be found In the collateral aid
dered by the banks and their employee Another in the
efforts of reasurers and OF certain large rail
road companies who rendezvous In Wall stfeet, and
labor day and night IN running up the price Of
their ssocSs. and In negotiating loans 20 pay dividends
instead Of spending their time upon the roads, honestly
and faithfully managing the Affairs OF the fold,
show q prudent and economical adrin.sr alton OF its
finances. The organ OF the speculative olqGes keep up
the movement for the time by declaring that the
in prices is evidence Of value and urge upon uoneyea
men and traders In stocks to take hold Of them Ut an
rate, and quickly porsibe, there oen in ,ealty
but few lett OF the sort" When the times
considered 10 not to be wondered al that ouch extra
ordinary things said and done Tha startling develops
ments OF 10 day forgotten TO morrow; but arc
under the impression that there exceptions this
rule and that they WILL before many days eapse exhibit
themselves In the estimate which the community will
place upon many the railroad stocks go s6an liant
this MARKET
At the first board To- LAP trsrsssons principal
At better prices There good deal Of Gosh stock
aoat which, with the tight money MARKET trouble the
bulls considerably New York CeOtra Railroad advanced
per cent; Harlem. 1s ReAdng u; Hudson River Fail
road, "a; Cleveland and Toledo, X; Ia Crosse and Mi
waukc, :: Michigan sou;hcrr, a. At tho secoaf board
the market lever.sh and fuc;uang The ss!s5
unusually large for the afternoon session SeF York
Central fell on per cent; Erie, -, Michigan Southern.
x; Cleveland and Toledo, 81 La Crosso and Milwaukee,
Il. The cash price for Chicago and Rock Island this
ate, 100 a. and time buyer option 90 days
1865 per oent-a difference Of nearly per cent
small lot OF Gaens Chicago sod at 40 per cent,
Money was very tight today Stocks carried q,
cost Of two and three per cent month.
The Assistant Treasurer reports to-day as follows
Totrl Total Nal
Rsceirs. Pdyn,h1 B1idnz
Monday e2lI OF 90 S2,2 1872 40 81, 9b6 2t9 10
90 TL 90 0nQ n GA 40