The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-15
FINANCIAL AND COMMERCIAL
M ON EY MAR X " II .

SUNDAY, lice. 14-G p N.
The OF tho stock market tue close yesterday
followed the action or the banks aad sound public OPT
mon. They tell full per ceni-toc heaviest and
mcs; difficult Of sale bsins those stocks about which
so much mas been said, AID In which the angers Of
the large bull operators have been most busythe New
York Central the Toledo the Michigan s,uh,rp ape the
Reading. The usual speculative bids time urged
with 9, spirit prices offered sl advance
OF those which have ruled for days past Tor time
operations cash raiee. In some h Oh two
per offered for sixty day contracts but fouad
sellers ON such day as yesterday the ensc, or the
withdrawal such bouse hcs.rs. iis;le Co.
rDa.5iy felt. The corusrisg policy Initiated ~ The
stock Specializing propFieiors OF the INNS and par
t1paicd IN by the Albany and New York Can
trnl Railroad people, has caused a withdrawal
Of seDers from The market Stooks left
their merits; contracts have oecu closed, aud the
question in progress IS solution Is no. to how much
ihibgs worth, but no. much iDey will bring Al tho
second board yesterday prices were shade bcitsrno
money being wanted on Sunday Erie was In demand al
81 per cent; Central 92s; Toledo, 7ail Michigan South
ern h ssh, and other things In proportion Under the
prevailing feeling In the community, and growing be-
lief quiet time In the oney markets Of France
and England, II Ia fair TO liner that Efforts will
be lett un,rtcd TO fos OF upon the public everything
10 the shape Of rsiroat stock or bond during the
Wbtcr ana tpshks nclpeu oy our DanN, Nho are
pursuing the usual policy or expanding the
mert they and ttey have toe facilities to do Il,
and even where they do not possess them, witch
Ba' irsquently the IN anticipation OF speculative
sssson, combinations may be formed; but they only
be successful when based upon large amount q short
interest II the dealers in stocks keep In view the cxpe
Renee OF the past fow weeks and remember that
time the buying and cornerng mania has spread through
all the montyed and commercial establishments of the
city, and even amongst the farmers OF the counryha,
bsnk officers and bank clerks railroad presidents secre.
ries reasurcrs and directors all alike interested In
masses OF stocks and bonds, expecting 70 encounter
period when they cell them TO advantage and will.
In viev Of these facts decline to MAKE tiss bargains
unless scared By proper deps the operation Of the
selling or conservative interest viii be fully vlndoa,od
and prices, upon abundant money mnse,
(Which viii not bc reaized) wili rule lower, AMI the
stock lst generally will be less animated than ct any
time within the past few years. We have constantly
maintained that the facts and Gsures daily published N
respect 10 the railroad companies most specuaied in in
Wall stree, ony prove their unproiucuveness tina. those
Dong ss,und business. aud managed with economy and
care not and will he the footballs Of the stock
Exchange; that any concern managed In Wall street. in.
siead Of the section OF country through which l. runs
must be 10 upsound and unreliable condition and the
managers be Influenced ~ stock jobbing motives en-.
trely and not by those which are Inseparasls ron
PreIeI scn.EisIklsL c. "a RlsIs.