The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-19

FINANCIAL AND COMMERCIAL
MONEY MARKET.

The tendency or prices in .be stock market is still, up
warj%0 more than the Usual activity among specu.
laiorA 0APrtuua.ey for those who are looking for
much greater imitation the bull party operating for rise
i by strong and cannot carry much stock The
strongest operators tina, side have changed Their tactics
and now pretty active sellers The of the money
market favors spectators for rise and they calculate
upon further initiation all the leading railroad stocks,
from the facility with which such securities can be hypo
thccated AT the Grs board day Virginia 6s advanced
per cent Missouri 6s; 4; National Rank, u; Delaware
and Hudson, IL Cumberland, Il, Pacific Steamship
Company. IL New York Central Railroad, -. Eric, II
Hudson Railroad, l. Illinois Central Railroad, 2; New
Haven and Hartford Railroad, /; Rseding, n Gslena
and Chicago. A; Ia Crosse and Milwaukee, a Illinois
Central Railroad declined X per cent In State stocks
there was more active movement, Of better prices.
Railroad bonds were freely offered. We notice sales
OF Reading Railroad third mortgage bonds at sc
per oenl, cash The upward movement In Mchi.
gan Southern old stock appears to have about
ceased The preferred has not been very active at
any time since the greatest depression, and does
not seem TO be avore even with the probability q the
guarantee ndo scmcnt the scrip Of per cen, dvi
dends The advance in Eric Railroad stock is perhaps
the most extraordinary operation Of the day. We under
stand that Mr. Moran, the President leaves Tor En-
rope in the next steamer for tho purpose OF making
final appeal to the holders OF the 1852 bonds for sufficient
help 80 carry out the financial programme. Most Of
the bonds Of that held in Germany and the only
hope le Is in being able 10 impress upon tho minds Of
holders the importance Of coming forward TO the relief OF
the company II they do not respond there no other
alternative hut u place the road the hands Of
IN ha, event the stockholders will lose everything In
the hands of the mortgage bondheders the Ere Railroad
might he made, with good management productive pro.
pcry. IN the hands OF active practical men tho road
can DC made with economy 10 just about per
cent fifteen, and perhaps twenty millions Of dollars
but will require very close, careful Management TO do
even that. Much depends upon the success Of Mr. No
rams mission lie may possibly prevail upon tho Ger
mans extend the necessary relief and take the class Of
securities offered bu, will be only Tor the pnrposc Of
saving the investments already made in the road.
AZ the second board the market very dan, and
very small amount If business transacted Missouri
6s advanced !. per cen, Eric Railroad x Ia Crosse
and Milwaukee, !, Hudson River Railroad =. New York
Central Railroad declined ). per cent Reading ceye.
land aud Toledo x Chicago aud Rock Island v 1.-THE
close very heavy feeling prevailed and no QUO was dis.
pose 10 operate.
The AsssIan, Treasurer reports to-day as follows
Total receipts. ..........-....... siol,2s2 50
Total payments tS,Esf ~
hotai fVO0''s~ W
The receipts to- ay include ESQ 600 from customs
The steamship Canada. at Halifax from Liverpool brings
ia one week later intelligence In money matters there
had been no change for the better. Consos had slightly
improved The coson Market tho departure Of the
previous steamer lad advanced fraction but not
sustained and closed previous prices. Broads;u1s
quiet, without change in prices. Several heavy failures
are reported both In London and in Hamburg. A bill
OF indemnity TO the Bank Of England had been
introduced into the House Of Commons. The news ia
the whole iess favorable than anticipated The mails will
be anxousy looked for The will be due at Bos
ton to Observation-Disclosures and Is possible that
the mails NAV not reach ia Until Monday.
The steamship Philadelphia from this port Cor Havana
to-day carried out 100000 in specie.
The order appointing receiver Coz the Central Bank OF
Brooklyn has been discharged, and The bank l. at
liberty TO continue business
Tho Washington Insurance Company has declared 9
semi annual dividend OF ton per cent and extra dividend
OF ave per cent both payable the 81 Of January nex
meeting Of the stockholders of the Hartford County
Bank held q, Hartford yesterday 10 take into
sheraton proposition TO reduce the capital Of the bank
The capital originally s6eo ooo and the Bank Csm
mssioners compute the losses At $4,000, leaving
sSGo,oo0 In the Of the debate stated that
a considerable amount would be ultimately realized from
tho assets set down as bad b. the commissioners.
The earnings Of the TIRE Railroad Cor the month OF No
yembcr, 1906 were ~
Earnings November, 1886. 520,A5l 90
decrease stuZ,1s ~
Rasta,sd taat the Galcaa and casaga Railroad cca'