The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-26
FINANCIAL AND COMMERCIAL
N EY n ARKHr.

MOHEY n AR X EFT.
FRIDAY, Jsu- 25-oP. n.
oHstaoas for stocks took turn downward this morn
Ing and there appeared to be plenty Of sellers
rsses The decline universal Every stock sold
brssgAt lsvsr prices Indiana SIS fell on psr cont
NisAragsA Transit, y; Cumberland Brunswick City
=; his, y; Reading RAilros, u; Michigan Central, l.
AichSan Southern, l; PennsyvAnia Coal, x GsisaA
aeA OAioaga l; Cleveland and Toledo, NJ Chicago and
Rock IAaad, i; Milwaukee and Mississppi Railroad z
New rerk Csatral Railroad sold % psr ssnt cash
T6s quite change since yesterday, bat IL La not ct all
strsogs So long public mind on this side 81 the
Atlantic 10 sensitive financial movements In Eu.
rope - beg SHAH be subject to sudden fluctuations
upoa ths arrival OF every steamer. II may b we'll
easaxh that II Is These occasional checks ars of
sAluary character and keep the Of commerce
healthy In the absence Of al other influences of this
character, that euanatiDg from Europe just now ia
rather desirable than otherwise. We have mo- fears of
anything serious to our local interest growing of the
present position OF European affairs There ia never
any danger in . contrscuIn Of credits or operations
Ne one hkey Be ruined by doing to, little business
hs greatest difficulty we have oontead against is
doing too much As general thing al classes Of traders
60 beyonA hstr mesns Our banting institutions cannot
Do osPended upon for any regularity Of movement At
oos time shey viii be largely expanded and .. snotasr
largely soatrscted and the com nsrcIA community Is At
al times liable TO be incsd for the Glasses
u, therefore, necessary that should bs oonsnuAr
snder As influence Of some conservative power, S6ich
VIII impeae such restraints viii guaranty sesdnsss
and pernaDence in all matters The real pros
ReV Of the country would be vastly increased and ia
tho lsog run our progress would be rapid.
For thu entire period Of existence No have been
subject 70 enormous expansions and soutracons For
sw pears every enterprise would be carried with
0s grosEst rspdisy and apparent success finally, re-
vuisoa would come upon u.s. collapse soon follow and
crash elose up the game Afterwards ysar or 30 Of
prostrsaoo and inactivity would folio and recovery
would b very gradual with occasional respses After
Tho return Of sufficient strength progress would be
0r tiss exceedingly moceraS, and . return to
Sound health again Glow and uncertaia. After .
period Of economy and dus1y the extrsvsxsace
And sy would again seize upon the oomnuniy aad the
Same resuit be again realised. II could BY any
OF anaAes, ~ any system of creiit, By legislative
Restrictions upon banking institutions, prevent
snrrcnce OF shsee commercial disasters 1t woui bs
pleasing to the whole country. We cond8snce
tn the sense experience of injvidua Business men
never arn wisdom fir, the past The spirit Of spec
uaea and extravaganza which for may years run
rst tn this CITY, the desire out into any
Wild and reckless enterprise the anxiety to exceed
each ether In the exten, mercantile ioua exists
IN this os0nupity, at this moment with AL the force
And inAaaaty which have marked periods Of Husn
cial exctesent and is absolutely necessary that there
Should b power potent enough check thu. ma
onsi ehsrsc eristic and keep all things with
trade snd comuercs In and healthy condition.
me war Europe Is doing that pretty eifecusly So
long ~ that war is vigorous prosecuted, have no
fears Of aay Wild spe,ula ion, any por deviation
ren that course which guarantees psrm Xnency to
preseat prosperity. So long preserve the
istiag soOditon OF In ernai affairs long Is the
Sssple 6nd fun employment prompt payment so
hong harvest proves abundant and produce CON
nAnds good prices so long al works Of internal
improvanent continue productive, 80 long IS tho de-
vetspsnent Of goes 1t rate realized
Asrsg es past year, 40 long the nations Of Europe
require our breadssuas provisions and pay high
prices fsr thso long progress be rapid and
the acquisition of wealth commercial strength be
equal to ths most sanguins calculations We con-
tent With our present position We not in ths midst
~ speouladon and have expanded system Of credts
Our trade is legitimate and conducted upon sound prin
dpass There evidences Of sxtravasance nor is
there. the other hand Of the peeess&res Of l
Every interest II sound st The core and . ten years.
Eurepsaa VA would do to stensshsn and consoi
date national prosperity than any thing sse know
Of Peace Il desirable personal point Of view but
- r Ill great public concerned the
war u ntey to reeult more to sdvantass.
At the second board the market On tbs whole
pretty vol sustained. Eric firm with large sales
indiana 81 advanced Y per cent; Brunsuick uty y.
Galena and Chicago sold .. los loSK per cent the
extent of Loo shares for the opening This very low
point for that stocsone that must good many
PsrcAasers large party resay in AMI
take Al ths stock the The present price Is
Ss1ow thsr figure And tbs probability Is that they viii
An up thsir limo as Fast possibs Panama fell Oh
pr osat this afternoon. At the close the market was
steady There IL active demand for money but the
ppy l. full The Nicaragua steamship Star Of the
West her way 70 this port with $3.50 900 in gold dur
We have account o. how much the other Hne stu |
bring. |
The Leather Mapuscturers Bank has declared semi
annual dividend Of i've per cent tbs Brooklyn Bank
per cent |
7he Assistant Treasurer reports today torows:-
Paid on Treasury sceouut ..a......... $2I3 $50 81