The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-12

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DID, IL; do. preferred, 8; Panama ~; Illinois Cen
trial. 1; Cleveland and Toledo, ID; Gaena and Chi
cago, ~. Milwaukee and Mississippi declined per
cent. Pacific Steamship Company sold 1T 66 per
cent. dividend. In Michigan Southern, both com
mon and preferred, there was very active business
and in each there was an Improvement on
the opening prices. All the Western rail
road stocks were quite active and buoyant
this morning. At the second board a further ad-
vance was realized, with quite large sales Illinois
Central bonds went up per cent; Erie bonds, 1871,
d do, Sd mortgage, l; Cumberland 4; Cleveland
and Toledo. Il la Crosse and Milwaukee. I; Milwau-
ke and Mississippi, !; New York Central. 4! Michi-
gan Southern. preferred, T. This sudden start In
prices cannot be attributed to any particular cause
or influence. The bull party is pretty strong and
they are anxious to attract outside spectators to
absorb portion Of the large quantity Of stock on
the market. The amount is no trifing matter and
the bulls arc not ut all DESTROYS Of carrying it for any
length Of time. So far there has been no outside
response. and We do not see how there can be.
There at all times lall cliques of spectators
about disposed to take Ad Of anything in tho fancy
lne but the market requires great deal of outside
or legitimate support, to sustain It at present
points. The brokers thus far have carried the
is becoming exceedingly burdensome. II il not diff
cult for the bulls to put up prices by any concerted
plan among themselves The great difficulty il in
keeping them up. To do so, they must purchase all
the stock offered and keep it out of the market We
much doubt their ability to do single handed, and
it strikes us that it will be long time before rail
road stocks are again purchased for actual invest
ment before there is any important relief to the
street the diufrhufiOn the M IF efo
securities in the hands of the brokers'
The steamship Persia, from this port for Liverpool
to-day, carried out 1905 $50 30 in specie This is SO
much less than anticipated that the effect upon the
public mind was of very favorable character. The
Improvement in the stock market this afternoon was
doubtless caused by the announcement of a small
shipment The fact that the Persia takes out such a
small sum settles the question of specie export,
for the present at least Our receipts of gold
from England since the commencement of
the present revulsion amount to more than
two million of dollars. OF this Il little
more than half million has in the same time gone
back. The Arabia is near at hand with full a mil
lion, at the lowest calculation. This leaves q large
balance in favor, which is likely to be increased
by every succeeding steamer. The ruling rates for
foreign exchange remove entirely all apprehension
of large specie shipments. As the season advances
and our staple exports move forward in greater
volume, the supply Of bills will place an advance to
specie shipping points utterly out of the question.
BY an official notice the City Comptroller Invites
proposals for one hundred thousand dollars of Cen
trail Park Improvement stock, the bids for which will
be opened on the 14th Of December, at o'clock p.
NJ The stock is divided into shares Of one hundred
dollars EACH bearing interest at the nate of six per
cent per annum, payable semiannually, and the
principal redeemabe on the lst of August, 1887.
The Assistant Treasurer reports to-day as follows