The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-14
FINANCIAL AND COMMERCIAL.
NJ ONBY MARKE EFT.


Quotations for stocks still tend upward. There
was not 20 much activity this morning at the board
but the demand for ali the leading railroad stocks
continues brisk. The corner in Michigan Southern
Railroad stock has run its course and the defaultng
bears can now take in their shorts at lower prices
and fulfil their contracts. Several of them have
suffered some and it has exposed the real rottenness
Of several houses which have heretofore had the Gre
dit of being solvent. 1t would be well for outside
operators 10 exercise the utmost caution in
giving their orders and in depositing their
margins. The bears generally have been much weak
ened by the losses ON their sales within the past
week or two. There is great scarcity in Wall
street Of regular commission brokers of houses con-
filming themselves exclusively to the buying and SELL
ing of stock for brokerage, where both parties will
be protected their interests The recent rise in
stocks has not been profitable to the smaller class
of outside purchasers as they had to antici
pate from the daily Improvement. Many of them
found. upon calling for their stock, that The con-
tracts they held were almost worthless so that in
stead Of making their two three and five per cent
they had nothing but claim for differences against
some highly honorable members of the Board Of
Brokers' who, by the consent Of his associates, is
permitt' d to retain his seat, that he may, at some
future time, carry on the same game again.
At the first board to-day, Indiana 5's advanced I
per cent. Illinois Central bonds /, Harlem & Reading
Railroad l, Hudson River Railroad J. Cleveland aud
Pttsburg ), Panama l, Milwaukee and Mississippi J.
Canton Company fell off per cent, Nicaragua Tran
sit l. Cumberland 1, Cleveland and Toledo ?. Mich
gan Southern opened at 9s4 and closed at 944 per
cent, with sales summing up about twenty-five hun
dred shares The transactions were principally for
cash. This decline Is no more than might have been
anticipated from the completion Of the cornerng
operation The sales to-day were probably on &C.
count Of the early purchasers, and as they must
have bought their bulk of the stock below 80 per cent
II follows that they have made good thing of it.
The stock will soon rage from 95 per cent upwards
ard become one of the most substantial dividend
paying securities on the market
At the second board the market was very buoyaut
Erie the favorite, and closed firm at 50 per cent
an advance Of "a per cent prices current ut the
first board. Canton Company went up per cent
Nicaragua Transit, ); New York Central Z; Cuun.
berard, {; Harlem. Z Reading Railroad, 1 Hud
son Railroad. l Cleveland and Toledo, H. The
bears will End that stocks are destined to touch
higher prices, whether they are rotten eggs" o
hot The great bear OF the street has failed to fnd
his contracts on Michigan Southern and Erie, and
If our last news from Europe is confirmed be will
fail on many other stocks before the present heated
term passes away The losses Of the shorts mu,
have been worry great within the past two weeks
aud ii they have not more backbone than we give
them credit for, there will be some compromises be
fore many weeks elapse.
The Assistant Treasurer re ports to-day as fol-
lows -
tsid on trss sury account. s42477 81
Received ON do ..........,.... I35 I2o o.
Ia .................ig 1880 L
ism 'or Assay fhce.. Observation-Disclosures. IS $40 s.
pad Tn csburti cheeks. 4782g T.
The warrants entered atthe Treasury Department
Washington, on the 18th inst, were as follows
Fol- The REQ mp'top 81 Ht'ckS........... 81 1871 10
For tte bfes tor department.. ......... % 2.I o
FL Gus on s..... ................. a,4sb 81
War WsiIas ~ ,ecev.d nd entered 81 $50 20
From us nnis. 1882 %
Err n, Lar ............... 1S2,3l6 Ds
Fror mis-, epeous F. urces. IL 1872 81
On account OF the