The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-16
FINANCIAL AND COMMERCIAL.


THrksDAY, Uct ID y.
nsre was con,dsraSis activity and CREST buoysnoy n
the Stock Exchanse this morning. Tao bull party appears
70 bs In tho asoeldsnsy, are large purchasers FOR
cash. Mos Of The live spconlss In The street ara balls
just now. Tho old bear party nearly extinct Ihoe
who have not gone over 10 the side operating for rise
arc looking quietly on waiting patiently aud phiioso hi.
cay tho couYse Of ovonts The great bear house or Vii
Lam street appears 10 be very easy and comfortable In
the aoe or this sudden chapgen the prices
the probability Ii thai st tho proper time shall
their thunder again Of The Stock Exchsnso Most OF tho
other prominent bears went some limo sirce, and
purchased socks freely a prices which viii DO aore
than covered by currtni quotations. This sudden AMI
rapid rise In The market was anticipated became evil
dent day two SINGS that the banks OF this city would
be obliged 10 take In the usuL Of businos tho
bills Of all The banks Of this Sale In active operation. The
effect Of such movement could not well be nistAken,
and the result Ia about In accordance viii the general
tcipsson Al the nrt board Naw Ye.k state 6s, gs,
advanced per cent; New York State e's, 'o2, 8;
Ohio Stale e's, 1850, 2; Virginia es, 81 Hssourt ca,
2; Erie bonds, ls7l s. Illinois Central bonds Canton
Company, 81 Delaware and Hudson, :; Cumberland Coal
"; Pssihc Steamship Company, .; Nov York Central Rail-
road 4; Erie Michigan Southern, Old, Il; Panama, o.
Gslcna and rhosgo q Cleveland and r,lodo. q Chicago
ard Rock hland 4; hii~Auko and nuirr9p D. In every
Sstancc to day "A Improvement In pyoes realized,
and the operations 10 OF the leading railroad socks
were quite large. Tho movement In New York Central,
Reading, CsrelAnd and Toledo and CaicAgo and Rock
Llsnd was very strong one and may possibly oo3iaue
for some days The les In The money Market CARED
principally by the general circulation Of STATE curreny
among city banks will OF courss produce an imitation
In prices for stock securities The bass nothing
bat paper ana values throughout. or the artificial
character SO long ths currency conln ,es
may losk for less Imitation In prices, and
less speculation In paper securities. With an IRE
ecemable currency tkere In nit to fictitious values.
The State banks swell their issues under the present
stale OF things, unlimited amount tao volums OF
circulation DO ncressod long The PAPER securities
be purchased. Everything paid for In paper, and
The supply Of paper be increased 10 any dcmsai
At The second board the Market pretty VOL main.
tAned There were no lAfsc transactions any one lead
Ing stock, bat great variety of sosks operated Ia
New Ysrk State es, 1873, advanced az per cont; Nes
York State So, 1884, per cont; PAcinc seanIhlp Com
psny, IN; In Crvrsc ard Milwaukee, " New York Cen
trail Railroad fell CT 4 per cent; Eric, l; Residing, "
TIE fluctuations In the market viii during the Suspension
Of the banks be very great Quotations yin DO up aud
down and operators win be OF tho most irregular cnarac.
ter There being n1od bsss 70 indston for values
there no guide regulator emf mus, look Tor great
ard sudden changes st the stock Exchange. We have
doubt many holders OF stocks will realise quoateas
and pochet the pront. II win be quito large Ia many
ces, md the parties making si Withdraw for another
opportunity. oulsder viii hardly dare enter ths stock
market operators until more stcajy, settled state Of
things exiats.