The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-25
FINANCIAL AMI CONwk h CiAL.

THURSDAY Sept A-6P.h
the stock market . little buoysn, this
ing rns transactions larger than usual, principally
for cash A,,hs nrS board Missouri O. advanced per
cont; Pscinc Mail steamship Company, TX; New York
Central Railroad, l. Erie NJ Illinois Central Railroad 8;
Michigan Central, o. Re,ans, IN; Michigan Southern, old,
NJ preferred q Cleveland and Toledo l. Chicago and
Rock Island, Z; Milwaukee nlssssippi "; saena
Chicsgo,B Kentucky ca declined per cent; Virginia
o. \; New York Central 6s, l; Harlem nrs mortgage
bonds, 2; Psnnsyvania Goal Company, III Cumberland
Gal, x; La Crosse and xiwaukie, ~ Ohio Life and
Trus, Company sold as per cent There no. very
large business In State stocks In railroad bonds there
particular activity, and all the saes for cash
Bank stocks pretty well sustained, ard tho sales
wore only in small lots Tho leading western railroad
slocAs In demand, and rapidly advanced the high
prices brought ou only fev shares OF Galeua and R,ch
LlsBd rhe most irregular stock me ns u present
Reading II moves up and down with great facility, and
apparently without any neg causes operating. The
remarks the London Times In relation 70 the manafe
meHt OF railroad composites no doubt emasated
from some capitalist who feels very much gyeved
Of rapid IN railroad securities, and hes taken
MS way 70 blind the eyes and Of foreign capitalists
well posted very evident from tue tone Of Me
article referred 70, fai the Of informauos
some decidedly Interested parties. 10 well kno IN
this ride Of the Aaruo noa In L,sdon, that private
AmoftCAo n0ueo9 loeusu
securities, many Of them Of the very worst desor ton,
and pretty 70 oompreheusien tha this lne
rsss the osh s,de In solsserips up the
kcs vaire saddle many Of them possible
parties American banking houses located In LIN
don and the Continent who have been pr 'macn for
years past negotiating railroad loans with foreign
capas have their very exshnoe 81 stake In this ma,
ter, and few months gill deter mine Win what
this game has been played That the London rw>s
pos ed BY parties fire. from the psrors Of
tho private banking Of Ta and iu i'm nsdi
vicinity who has read tue article referred 70
can doubt Tho given thsrs for the do
psecaos narhes vAlae appeared the organs OF oar
ralrosd companies SD bull speculacv hare rns e css
and Influence the bears asd their friends insds
bcarcs Of management put down ~ The sole cause Of
the collapse In railroad securities This oil absurd and
nouscnscaL 10 true thai Inc managers OF most OF
railroad oompanies Ad,a the bear mlators
Than any Cher cass but purely nnis teuooaIy vasthe
utter rocklcssness aud folly Of The manasemep, hs,
the bears AM In their operations the bears hal
vo,se In the Affairs Of railroad compssiss any
control their snsnoes bu, their kno -ledge
the Who managed sbem, and u the general srstau
manas men thai gave snem the greatest sdvsDi~ss Ia We
market The bears have been merely lockers ou AMI the
thai they conoooset the thai dee
uo, ed pablo oonadesee 10 railroad securities s,moly
scsnrd. me agents OF bull SPECTATORS IN ,his make,
put forth uss such statements nave sacs Ap.eAred
the I~ndcu papess shey crestsd 10 tins pe,hng
rdicu. here, and such will ultimately be the ssecl the
ohsr aide. " sornc sha. surprsing thai the L ndon
Timss should have been Imposed upon by such repre-
,euacps sus whss the OF h nfornauou are
well understood Tiers N here viii s's.sy enough
motive Our railroads wvs os years managed By
Of sparcsrs vho hsv, been connected them Ms
very sartar,s and construct r.; second
operators and nnsrcs agents me rise, progress and
collapse Of mosl promssns >ilroaa nres beec
The result Of the epersy, enterprise and essvsgsnce Of
of reckless spsculsors Who had eye fro very
besinp M solely their individual intessu and In
sAst 70 those q INA slcctholdsrs noa Of ,neU b.