The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-23
AND CONNER CtAL .
srONEY MARKET.
FRIDAY, Aug. 22--6

srONEY MAElKEF.
FRIDAY, Aug 22--6 M.
The stock market was not at oil active to-day,
hat prices were better sustained than We have no
| ticed lately The tendency this morning was up
ward, and before the close slight advance was
realized. Illinois Central bonds improved 1 per
cent? Illinois Central privileges, per cent; Erie, Il
Reading Railroad 4; Cleveland and Toledo, /. Vir
ginia 6's fell of per cent. The fact tina. prices
were higher, with a m oderate amount of business
in the market, shows that it is strained effort on
the part of holders and is not generally participated
in The bulls have made combination to attract
if possible outsiders; but with the stringent months
Of October and November in view, they cannot he
50 easily caught. At the second board there were
large transactions in Erie and in Michigan Southern.
The movement is in our opinion, spasmodic, and
will soon be over. The bears helped the market up
a good deal to-day; but as soon as they become
better supplied with stock that influence will dis
appear. After the board the marke. was firm at
our quota tons. Those who have nerve enough to
put out contracts in the face Of this bnoyancy will
reap a rich harvest within the next sixty days.
There are no new buyers on the market,
and ordinary advance in prices is more
likely to increase the supply of stock
for sale than to reduce it. If the shorts
only hold on to what rope they have got, and play
with the bulls little and let them put up prices it
will givea grand opportunity to get longer contracts
st better prices; then turn the screws down fe.
turns and quietly wait the result. We have hid
three or four weeks Of depression, ami prices in
that time receded three, four and five per cent. At
ter such decline reaction was natural, aud it is
well enough to let it its course. In the present
state Of financial affairs both sides Of the At
antic, it is the most absurd nonsense in the world
to talk about permanent Improvement 10 the stock
market, and those who may be induced to purchase
stocks now at any price will lind themselves soon on
the wrong side of the fence.
The Assistant Treasurer reports to-day as fol.
lows
Paid on Treasury Account s76,7is 2
Received 9 /" ................. lls2 9 o.
Ralsnce q !" .................l0,l55,s sos Z,
Paid for Assay Office. ......... ........ l2s 74s q
Paid on disbursilg checks ............... so.4ss o.
The warrants entered at the Treasury Depart
ment, Washington, On the 10th inst, were as fol,
lows =
For redemption OF Texas debt st5s5 q
For the Treasury Department. rs 3S3 ce
For the Int rior Department ........... .l,i2t2
From miscellaneon. sources IL :,
Repayment count OF the Navy. 4lo2s
The steamship Arago, from this port for Son b
ampton and Havre tomorrow Saturday, will take
ont between three and four hundred thousand dol
lars in specie.
The Boston Journal of the 2lst inst says
The tendency of the share market is still downwards
and prices dropping throughout the list Of stocks Boston
and Maine declined TO 55, with sales AK
Boston and Worcester fell on per cent from yesterday
cos ing al 81 bid, 81 asked Old Colony Raroao
sold at So, which the asking price for small lots.
moderate demand for Concord al 571s; Fchburg, 3d.
Northern 30 4016 Ogs ensturg, ~; Western, Ssts
Boston Concord and Montreal Railroad (pred) Is
We notice further depression in tho copper stock
Which very inactive at reduced prices. Isle Royal
was per cent lower, and closed dull o. H. Cope
Falls sold al g. and fame rate asked Tolts lower
Rooka was firm at u bid Pewabic IA ~; Quipc,
Sa 81: Minnesota s. a So.
Rutland frat mtgage rs advanced ! per cent owe,
recent bidding and closed at 40 bid, a asked
second do III llls Vermont Central FIRST "a IS rs
fecobd do ga "a gain of u las sales o.
dersburg fret rs 81 60; second do. u bid Mchga
Central per cents ste par bid 1ol asked; do Of 49,
par asked Eatefn Railroad 6's OF 1874 soil SO tn
asking price at close. Albany % guaranteed by III
Wttern raihoad) OF 1871 sold a. lol which is the
sale In This security for long time Grand Junction sx
per cents arc offered at T5.
The Buffalo Courier publishes a statement Of new |
vessels built the lakes, from which il appe,.s
that the tonnage during the last two years has il
creased az follows |