The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-22
FINANCIAL AND COMMERCIAL,

SATURDAY. Nov. 2I-R p N

SATURDAY, Nov 2l-6 p. NJ
The stock market appears to have recovered its
full tone and vigor At the first board this morning
the tendency of prices was upward, with more than
the activity of the past day two Tennessee State
6's advanced l per cent; Missouri 6s, 4; Illinois
Central bonds, Il; Chicago and Rock Island, IL;
Delaware and Hudson, 4; Cumberland, 1; New York
Central Railroad, L.; Erie, 4; Harlem, 4; Reading
81; Hudson River Railroad. 4; Michigan Southern,
DID, IL; do. preferred, 3; Illinois Central Railroad D.
Cleveland, Columbus and Cincinnati, L; Cleveland
and Toledo, Ia; Milwaukee and Mississippi, 2; La
Crosse and Milwaukee, 4. Virginia IS declined /
per cent; Michigan Central, per cent, loan, g.;
Cleveland and Pittsburg, l. The movement in New
York Central was quite active this morning,
and was well sustained to the close. There
were sales at 81 per cent, cash. In Read
ing the advance was of an important charac-
ter with very large transactions. In all the Western
railroad stocks there was considerable activity, with
an improvement in market value. In the face of
such an abundance of money, with no way of giving
it employment but by loaning call, with stock Sc
curities collateral it could not well be otherwise
than that an imitation should follow. There is
strong party engaged in the upward movement and
as they have the command of large resources, be-
us much to them carry prices up to the points they
fixed some weeks since. We should not be much
surprised at anything that could occur in Wall
street or at the Stock Exchange and therefore
look calmly and see daily the most extraordinary
operations in the way of speculation among the bulls
and bears of that locality. Railroad stocks which
few weeks since were in SO much discredt, find pur
chasers at prices ten twenty and thirty per cent
above those then current and it would not appear at
all strange to see them, within the next thirty days.
run up five and ten per cent higher.
At the second board the market was altogether
better, and closed firm at our quotations. Michigan
Central SIS advanced per cent; Tennessee 6's, 2;
Illinois Central bonds, Il Reading, Il Michigan South
ern, old, 81 do preferreds; Chicago and Rock Island,
!; New Jersey Railroad L. There was no stock of
consequence pressing for sale, and the demand was
active Most of the transactions this afternoon were
for cash.
The Assistant Treasurer reports to-day as fol-
lows:-
Total receipts 1892 $3.50 IS
q ba.ncs sgs 900 o. o.
paancs..s.. s,oI1 900 W
The steamship Adriatic, from this port for Liver
pool carries out $3.50 ,946 in specie.
We understand that the work of liquidation of the
Do"0iy p"hh 10 so"b on iaNoiapiy' unuer Tue uirec-
tion OF Mr.. j. A. Stewart, the receiver, and the
assets turning out rather better than was at first
anticipated. He expects to be able to declare
dividend upon the debts of the bank within the next
twenty days, and that this dividend will not be less
than twenty-five per cent.
The amount received for tolls the canals OF the
State for the second week of November
$50 oyo
Dccrease. Sld lIR