The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-18
YissA0cIAL AND CONNER GAL,
MOARY MARX Mt.
MONDAY. March ia p "

MONDAY, March It's r. n.
The stock m II ket was variable to-day. The aac
tuatjsns were Of an important character sna the
transactions were not large The tendency Of prices
was slightly upward. At the first board Illinois Cen
trail bonds advanced per cent; Erie Railrosd 4; New
York Central Railroad, Il Hudson River Railroad, Il
Michigan Southern, B; Panama, 1; Cleveland and
Toledo !. Canton Company fell ~ per cent;
Nicaragua Transit, 2; Milwaukee and Mississippi
Railroad, 1. the movements in Nicaragua Transit
were to moderate exten. to-day, and principally
for cash. Prices improved on the opening. The
coure adopted by the President OF the Company,
Commodore Vanderbilt, il generally approved,
In the street 1t is pretty generally admit
ted that Walker is both fool and
knave, but that 80 far as the stock
operations are concerned, it was fair game from
beginning to end This conclusion is arrived ut by
the code Of stock SPECTATORS That ia the standard
Of Wall street, and may rule all transactions made
among brokers. The Board Of Brokers have not yet
reported on the submitted for adjudication. 10
is the general opinion that the Board have no right
to establish precedent for the regulation Of future
operations; that every corner or combination must
stand on its own bottom, and can be governed by no
rules. In stock spe:uatons the rule is, every man
for himself. This may do for Wall street; but every
man entering speculator is not sufficiently post
ed, or is not prepared to abide by such arbitrary
gulations. The law gives him redress it is true
and in the absence of all legality it becomes sim
ply matter of honor. The operations in Erie
today were large, without any material change
in prices. The Legislature have appointed COM
mittee to inquire into the New York Central Rail
road consolidation swindle. 1t is our private opinion
that if properly conducted this committee will make
the fur fly. We take an especial interest in this
matter, and shall closely watch the proceedings Of
this committee. Some very respectable members Of
the community viii be placed in very unpleasant
position before this matter is concluded. That con-
solidaton affair was the most nefarious, Ubiquitous
piece OF fnanciering ever perpetrated upon this
community, and that is saying a great deal.
The fraud of Schuyler was an ordinary affair
in comparison. One was o matter involving
about two millions of dollars, and the other
involved the sum Of ten to twelve millions.
We need no whitewashing business in this invest.
gation. presentation of the facts is all we ask.
The result must make Albany howl, with all its po-
ltical and financial rascality. Cleveland and Toledo
Railroad was in moderate request t,-ay at the I'D.
The recent interruption to travel on oil the
lake shore roads must seriously reduce their gross
and net incomes. The probability is that the Cleve-
land and Toledo Company will be obliged to post
pone its regular dividend day, in consequence of the
severity Of the past winter, and its limited receipts
The proper time for railroad dividends is July and
August and January and February. The seasons
are more favorable for such divisions of the year,
and all those companies the dividend days Of which
come at other dates must sooner or later make
change.
After the adjournment of the board the following
sales Of bonds and stocks were made at auction by