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


WEDyESpAY, Dsc. l1-6 p. NJ.
The past Ten days mas 0sen full Of interest TO Wall
street men and the events which have caused largo
share Of public attention likely exer: very i'm
porialt influence the future respect TO stocks aud
rocsjcbbng. Ka universally conceded that specula-
tonr stocks snd bonds have become general OF late
that all kinds and conditions o; feel a deep interest
IN all mat pertains W the Affairs Of the Stock Exchange
Il ia dincu 10 ind . In Walt street interested,
. no; In open and straightforward way, certainly On
the sly. We daily evidence OF this In the ankle.
ty universally felt for the tcne OF the MARKET aud for
the cIosng gaoaons for certain leading railroad stocks
Upon tie al Of the board there viii be seen
every cay IN Wal street great rush OF bank CLERKS,
cashiers and presidents, of clerks Insurance Com
psnies and clerks IN railroad Offices and all other In
corporated insi.,auors, mercantile clerks ercnsrts
&c. &c, al IN greas haste how New YORK Central
aud fro let or and what the prospect y for the next
board. These peop!e are moro Or less deeply involved
IN speculation invariably buyers Of different stocss
advance n Market valve We ind among the frequeu-
Of different brokers' Offices people whom
would imagine thssst; o. stock spccastoas. The
CONCLUSION sha, have arrived a, .s that this feeling
mas become endemic. II "a not, therefore, TO he
de-ei tina, failure lie tina, Of Nr. Lille, which has At
exposed only the magnitude Of Wal street trac,
bet ire eztrsordLAry methods resorte to % Wal street
good ropate work up The prl;cs OF OF
doubtful chsIscr, for tra purpose Of palmng them Cd
upon tro houghticss commgu,y, should have excited
such wido spread interest rho class Of buyers nos In
market are tho snsloss kind or speed asors Tsey
purchase On Time prn ;Psy, merely for yise 90 thu,
they bag few hrndred or feT ih0assnd dollars
proh;. prices advance all well and good, Ghov fsl
al well and good, far tie Spectator himself u
cerrsd, for the loes ~ pretty Indirectly
O. somebody slse's pocset. Tho dofacanons forsere-
other rsscs'ties Of WAL ss-ee. tbs eEOct, or
tho rcsci, Of spcoua,Ous ths Exchsogc.
Both Schuyler and Eon,,ngtor were large buycrs OF
railroad stocks, snc tne.r Losses pretty vel, cs
tribute through tho commrrsF. AL s:osg spectators
may not ena IN tins way, b.; none Of then
ever retire WITH G iortunc from Tho stock *.
change, There q. TIE Board Of Brokers sbou,
hundred reg iss operators Quite, shs curbstono
and other places Gbo1, hundred more ADD
II estimated ths, there among the bsurs insurance
companies rsrosd oces, trr,t companies, and among
the mcrcEnle community a. lc1st i've thousand proies
siCra and suatcsr spectators % s3.ks The four hun
d-ed b-obers canno. MAKO ~ ing oct Of each Other Il
voril -: dc for them % kosp swapping jackets they
ind something 10 scep N ~, boiling s,mow, fJr
ns Ic;orous that ibeg src TIC roe, exsVsssn ciis n
IN. city tic ave tsocsarl o.le spectators ssep up
the sgrTy Of uoney runErg through tbs % Snnss of
stoSk speculation n Val street. rae brokers &c. their
living OF Of these poor, deludod sa0gulnc inirdus
and they n tern Great somebody ei.s Too svtout OF
the oporstonr OF en- ,crla beyond al cai1sls
ton reported IN Wall greet dUrlng tho resent
pane, that Wesley % .. ihe Fi7Vs, had ogva1d,ag
coptscie ancrnng V tsso Eve niloas dollars,
sr the bu eide. whan I.tls 4 @ failed wss
stated tina! tEe.r ccarscss srorrod on u tul.
lars az the bear side. Other sio
large outstanding contracts 81 tie us AMI woali %
WIFI Hna &c put s0wr The tosl amount o. contracts
ming o. the grae q Leases failure atseny Gse - thlty
milsons o. dosrs xoes 81 the contracts On tle srll
side we're rf The Glaze q spectators alluded 70 alive
Al the time oS tho panic the dnacnce between the buy
Ing price AMI itn. ruling that day full 100000,
bat the BEARS Unfortunately for themselves did nos close
M n consrsey ard tie opportunity for basgng largo
rrCSW war consequently Lost Spectators for rse
avoided serious Losses by sudden rescsIon IA prsfes,
and fer the time are comparatively safe.
The most active period speculation 10 stocks g during
period OF sctivy and apparent prosperity In business
generally. We trace this clearly and distinctly
during the past thirty years Ia 1875 Wall street tho
of great sp cu.s.on IN bank stocks. Tee bah
and bear interest was ar distinctly defined then ~ no y
Alter long ard severe ths bears gained tho vic
tory. All the clock bubbles Of the day exploded tho
principal bus engaged IA Their imitation indicted by
The Grand Jury. In 1884, 1873 and 1885 had move.
mens or SIMILAR chuscter. TIE Old Unted sta;es
pstk the gree, CUR o. the balls, and they inflated
&c nearly 100 per cent. some other bank stocks and
avg ousntty d .s,e ockr we're tho nsrks and used
by the aiaorcnt Gasses operators for speculative pur
poser. The federal government Of that tine was great
the United stAcs BsnE stock and carried is point
by tine veto OF cen. Jackson. contest bet ween
the busls and benry thai bark aud state stocks
the % me- a Il now on n irosd bopds and sti.xs r..