The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-19
FINANCIAL AND COMMERCIAL.


WKpSssoAy March 1s--6 P. NJ
The stock MARI Of novel TO day just We anticipated
The usual reaction a'ser rapid and sadden eclne has
been realized, and prices are again on tho downward
track The disposition to sell short on the part Of the
bears and to sell cash stock on tho part Of holders a
pears 70 iuorease with the decline in market vaue
There were large tales to day Il oil the leading railroad
stocks In almost every instance 81 lower prices Com
pared with the quotations ruling at the 81 se yesterday
there has to day dechue In Michigan southern
sinking fund bonds Of per cent Diaware and au jsoo
a; New York Central Railroad, y; Erie Railroad, L;
harlem, az Reading, 4; Michigan Csntra Railroad, IL
Michigan southern, ]; Illinois Central Rsiroad ";
Cleveland and Toledo 81; La Crosse and Ailwaukie y
Il win DO that current prices 70 day were
lower Than during The panic on Monday.
Erie, Reading, and hicaigs, Saushsra experienced
the eavie., fall thi morning. Tho decline in
Reading 10 attributed 10 the ciiisulsy existing in the
coal re, regsrd TO railroad tolls for he present
year. The trouble with the Reading company ~ 10 In
d.possrg Of the New York coal trade. The facilities
Afforded by the IAckawanns aud Scranton ana the New
jersey railroads have caused composition thai will
exert Important Inf this yoaS upon the old Haus
poration companies connected with the coal trade. Toe
epormous drawbacks allowed BY the Reading Railroad
Company last ear, to secure the New York and New
England coal sde, which uncomfortable portion
Of ~ whole business, viii not understand, DO sui
client 10 permit their customers 70 enter this market
on the sams level with those Who reoeve coal
BY the rev rou'es. The Reading Railroad Con.
pspy ID undoubtedly able 10 enter iatS % sharp
. rivalry for the trade any oiher company;
bet is doing the Of the road must suffer
10 the from the Sch regions
Ph,Iadcphs the Reading road have successful
pettor but In for the New York sal trade
strhss thu, the direct oes throogh New Jersey
have Advantage that must Give hem the control OF tue
business. OF coal win this year for the dsss
time have he benefit Of owerfu petition between
The uansperaton companies, and 70 be hoped there
Will be very decided reduction In prices. The rAiros1
companies ergsged represent many nilions Of dollars
Of capital, douo, II any Of them eau mats
monty In carrying coal at lower tolls thaa ruled
last year; but this they will not sto, 70 con
sder Thor soc obj'cs 10 TO get traffic. bu, u 10 oar
Impression stM the company which does the mos,
business ii low prices, will be In the end OF
than those who do less The direct OF the deoEe
In Reading Rairtsd stock day this question OF
tolls The company have nxsd their rases for the
year, and they considerably oelos thos, Of last on
the trade o. certain sections The deoime in Ere Rail
road this morning attributed tho pressure Of stock
The market folly 70 ta soou, the outside dom and
for such s,osk Eric portion OF s capital Is held Ia
tbs oount, and In Europe VI hlga prices mailing i'm
possible 70 r,slzs sIoep, great loss. nIny Of these
holders lock sSxously for better opportunity Get
out but are sosry 70 say the probability Of their
doing daily getting poorer AMI poorer. Tne great bu
OF the stock 10 he In Wall street. u hyp,,bocsed In
every hole and oorner whsre could be found 70
loan upon IT, and when the great collapse comes, come
I, must, II virl fsn principally upon Spectators.
AZ the second board the MARKET was slightly better
New York Central Railroad advanced Y psr cent; Ede,
I; Cleveland and Toledo, "; Roch hlsns, Vi Michigan
southern, n But small amount Of business Was nsns-
scAd.
Tho A-sis,su, Treasurer reports TOD % folIovs