The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-27
FINANCIAL AND COMMERCIAL


FxfnkY Sept. 26--6P NJ
The stock market very much depressed the first
board to-day. The transactions large for
days past holder. Reluctantly submit TO lower
prices. Those who do will before long have
cause for copgratulstcn. In view Of growing strin.
gensy tn the money market the first will be found
the least II locke yer. gloomy fef the bulls The sales
10 day show that holders losing confidence well
patience. The complete fzle Ia Erie should serve
lesson for all future inc OF all the failures which have
during the past two three years attended the at
ttmp,s Of stcckbrokers "a w cornering combinations
In Wall street. this last Erie has probably been
the worst 10 hardly worth while that It has ex
ploded. giving Ahstory Of lie Ts and progress for
such miserable snsir IRON IL. that hardly
10 be called ocmbr II wl be very difficult
to re, up smother such Tor long New York Central
oncred more Freely ia, thai ~ have noticed
lately. There sellers any 10 suit buy
ers. closed heavy NJ the decline Reading was weak
throughout There doins to-day In Michigan
Central principally at ls~er prices, Cleveland and role
do comparatively quiet. The bah OF transactions
10 day for cash. Chicago snd Rock Island fell OF
this morning with the rest, bu, Their. very little
stock offered. la Crosse aud Miw sukie in demand
and saes made a, 10 esst aud ~ buyer 60 days
Gsens and Chicago little bes,y There is more Of
this stock pressing tor sale than usual this season.
Some holders desire to realise With the intention OF
for the purpose OF investing the proceeds In lower priced
railroad stocks, holding greater inducements FOR
tore produetvenss both regards rse Ia market value
and dividends. Panama Railroad hs. recedei again
nearly 10 the lowest point previously touched. This
time the descent has been gradual, and may be
permanent The ouly stock the hst
in which there was any improvement, this morning
was Illinois Central. There we're ssies of ais shares
opening At lle cssh, and closing iisl ceut buyer
80 days This 10, believe the highest poiat ret on
time The free land privilege bonds selling the rate
Of about 100 per for the stock. Al the ars, board
to-day Nicaragua Trsnsn declined Z per cent; Ward
Coal 4; New York Central Railroad, Erie y; Read
ing, = Michigan Centrsi, Gstens and Chicago, u;
Cleveland and Toledo Chicago aud Rock fssai. y.
~ the second board prizes touched loser P,lal,, sad
the desire to realize quotations pretty general
Holders dare not put large eusnue. Of stock tie
se Tor fear Of producing panic sud they tasrt Fore
much against their Ttod seuss PEELED luce tser
ites gradually. wit no, in the end make much tIer.
There h peay Of stocks and a very small saort
interest Al the second board TO day Erie fell OF per
cent New York Central y, Nc.rsgu. Transit, X:
Cleveland and Toledo, Reading, =. Cbicsgo sat Rock
Island, x IA crosss and Milwaukee per cen. bet
TER both for each and time Illinois Central Railroad
closed TO per asked rights 12l1 per cent
~ss he, i2s asked. The .ctss noyement s Ia Crosse
and Milwaukee, 10 day, 10 consequence Of stylces
received from Milwaukee q, consolidation Of ths MI
wsuhie and Waterfowl and the Il Crosse and Milwaukee
Railroad Ccmpslts. n relation w. this important con
soiida,or the Dali niscor~a 81 N, 22d inst says
THIS union OF heretofore rival and conflicting interests
win be the source q general interest here mas
wl tend 10 aid the construction the tirect line from
Columbus and Fortsge City to ~ rsut Those who ex.
s'rs The nsp 81 the state csnnot but perceive what
in vcurry the IL Crosse sud 81 Paul road must
drain The beet end fnust productive wheat lands IN
Wisconsin are tofil OF ttt the 81 the Waertown road
and in rtspt, the Lacrosse HE has nco parable
yatfi- its bpsIess car never he diverted from
ChCsgo s situated, SO 10 speak 10 drain the bust
of all the northern sted 81 Wbcobsin. II sun
iuC now, per mile. - much any rad 10 the Union.
Is stated that tis cotsodS iiot vll secure the con
ric,s'tns land graft SuG tnsi the new company will
into the Tcsse,sior - nearly million snd a half
Of nd lo,sted ir tie very ol SAFE OF
vkccbsir. oop though this consolidated
confany would ~ ~ dstss, aef second Illinois
Genital viii stst5 uuon ssne principles u viii
stand urcr The ssrue ibtioru 40 10 progress gill; be
ytrd All queviitu. IL iquhny succtsstUl
Tie detailed 81 ihe Causdss ave OF the
ntsi uravorstt cisncttT Tts rtturns n the Bank OF
Tfatct r. sertemset ftcv GeTease " ~ apecio 70
4t,.s q. ,~Vet nlt - is,tet 'sxt ~ -ccor
adam ~ 'taerilt. = NC 'agc y DO .ny