The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-18
FINANCIAL AND COMMERCIAL.


MoHBY MAA ut.
SUNDAY. Feb. l7-s Pm.
The stock market yesterday closed buoyAnt. There
wss IN active demand for all railroad securities, and
holders were firm ct our closing quotations The
money market is decidedly in favor Of very active
speculative movement The brokers are full of
means, and outsiders full of confidence. Speculs-
tors for rise believe that. in view Of great do
mestc prosperity, Of our great internal resources
and Of our future position stock securities generally
and railroad bonds and stocks particularly, rule at
prices presenting sufficient attractions for outsiders
and that they win without doubt, when the season
Is further advanced when the weather is more favor.
able and navigation unobstructed when all kinds of
business is more active, and activity takes the
place of inaction, enter the market as purchasers
and give a great impetus to prices. We have
during the past four months been accommodating
gold. Nearly the aggregate of our receipts Of
California gold in that time has been re-
tanned within our own limits We have pro-
badly added to specie basis, since the exporta
ion Of bullion ceased, from fifteen to twenty mil
lions Of dollars. But small portion of that amount
has gone into the banks 1t has been disposed of in
. much better way It has gone into general circu-
lation and served materially to improve the circula
ting medium of the country. 1t has enlarged the
basis Of private credits and given impetus to in.
dustry of a substantial and healthy character. Our
internal condition is the whole very nattering in
every particular and we at present good rea-
con why should not realize degree of prosperity
during the present year equal to- If not greater than
ever before known. No fears need be entertained,
in opinion in regard to future shipments of spe
Gle. Under the most active demand for expectation
we have never exceeded our receipts from Califor-
mia; and in the event Of resumption of shipments,
our imports will keep our present supply good. The
fact that we have within the past iShr months
added to our stock of precious metals between
fifteen and twenty millions of dollars, should
strengthen public confidence in the operations of our
financial system. The people at large are rich. The
farmer has received enormous prices for his large
surplus the mechanic finds full employment at re-
munerative prices the merchant cannot complain of
the extent of his Sales the amount Of his profits or OF
the punctuality Of payments All Of our works Of in
ternal improvement show large receipts, and are
likely to pay better than heretofore. All these things
point to good times and it would be folly to attempt
to resist the current which is setting strong
~ towardsa general appreciation in every species Of
property. A few weeks will free external navga-
ton from distractions and extraordinary delays and
dangers, and open our internal water communica-
lions; few weeks Will bring mild and pleasant
weather, when all will feel like engaging in some
new enterprise, or entering into some new field of
speculation; then we may look for one Of these
tive and exciting periods which have heretofore
tended to such rapid Developments in our internal
resources and which has given us, in comparatively
Q few years, the wealth and strength Of the oldest
nation of the old world
The Tribune gives the following version of the
Affair we alluded to q few days since:-
The facts of the SO called failure We understand to be
Enpy that Q corner having been made in Southern
Michigan stock Mr.. Jacob Lutte cid not,
days Of this week. the stock called from him. not
being willing TO pay tbs advance price asked by tn
who heb the cash stock The party whom the stock
va going, Mr.. Leonard W Jerome, had understand
NO disposition TO press Mr.. Lssle and presume, had
he done that gentleman would have paid any
able amount Of differ The matter timpy resulted
stock which could not be obtained excepting at large
advance, while the corner perfect without, how
S & m ns - me
failure but in this case where could ion the
ability 10 meet any contract the matter assumes DIFF
ftSent aspect.
No one doubted for moment the ability Of Mr..
Little to pay any difference in prices, but that was
not the point at issue. The stock was not forth
coming at the time it due, and all the quibbling
in the world cannot alter that fact The big fish Of
Wall street should be kept to their contracts
well a. the little ones, or the brokers' occupations
gone
Albert H. Nicolay's regular semi-weeky auction
sale Of stocks and bonds will take place on Monday
next the 18th INST, at l2a o'clock at the Merchants
Exchange,
The act authorizing the New York and Erie Rail
road to construct their track through Bergen Hill to
their contemplated new depot site on the Hudson
river passed the New Jersey Assembly yesterday,
without dissenting vote.
The receipts and expenses of the Sixth Avenue
Railroad Company for the thirteen months ending
February l. 1856, were as follows
s1IH AvEsuE RAILROAD.
During the thirteen mot ths, ending
the LIST inst the earnings Ter
passenger fares have been .S23s 800 10
Tho receipts from all other sources 1888 "a
The nominal balance, January 1,
1900. ............ ............. 4,l3j %
--S49, 931 IL
The expenses and payments have
been .................. -. sI7s,s79 81
The diytderds, amounting to "a
per cent paid ....... $50, ESQ 90
The entire Cd deot paid
The balance on lst met az 80
STOOL so --$2to, s3I "A
Lees balance LIST Jan'y,
1850, "a above. Abb so
Ehoving . ret profit OF. ses sis 30
Being per cent on the capital stock Of $3.50 600
The entire floating debt Of the mpany S12, ISL,
listing at the commencement of 1856 paid off;
6,072 have been expended ia the purch OF mules;
work shop, feed mill and Offices at the depot have
been erected and constructed $50 $50 in dividends have
been paid TO the stockholders and the fiscal year
enoed the first Of the mon ID fces from
Obligation membranes, with balance band suf-
oient for the working OF the road, furnished With liza
hea via M m In "A OF red n