The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-15
FINANCIAL AND COMMERCIAL.


MONDAY, Dec. 14-6P.M
The stock market little more active this morning,
and in securities slight Improvement was real
lied There have been operations time for
some days past for many weeks before, and to-day
most of transactions either buyers sellers
option The bears greater foroc and do not like to
lose this opportunity to put good contracts At the
nrst board To-Day Missouri es advanced u per cen I
nois Central bonds, IN; rsrk Bank, y; Delaware and
Hudson, Il; Cumberland Coal, 4; Now York Central Rail
road X Erie, NJ Reading, III Michigan Southern, old,
X; do preferred, ~ Cleveland and Toledo, "a Chicago
and Rock Island, Il; In Crosse and Milwaukee, ~ Az
the second board the market was quite buoyant The
bulls made bold push and upon some small transactions
put prices up for moA Of the leading railroad stocks
Cumberland Coal went up per cent; Erie bonds, 1871
IL New York Central Railroad, l. Erie, Panama, N;
Galcna and Chicago, IL; Michigan Southern, preferred,
IL: do old y; Cleveland and Toledo, III Chicago and
Rock Island, III Reading, IN There is nothing that we
can see in the foreign calculated to justify
any imitation in the market value OF fancy
railroad stocks. Spectators FOR rise occasionally make
an effort get up excitement 10 attract outsiders, bat
invariably fails and prices fall back TO points lower than
the starting rates The old clique Of bulls have been
large sellers lately. They have sold out considerable
New York Central at about current prices, and should
according IDEAS feel much relieved. Not 80 tho
new buyers for they will in all probability ind bad
bargain II they hold long enough The market cannot BIO
sustained at anything like present points, and the old ope
raors who have been for time past engaged In bull
ing fancy railroad stocks find hat they make progress
and getting out fast possible. The buyers at
current rates are generally weak parties, who must
lie At the end OF their contracts what may be
the state OF prices.
We understand that operations the part Of the Hon
duras Railroad Company have ceased for the present.
They may may not be resumed Much depends, Il is
stated upon the political movements OF the government
in Central America II may be that financial difficulties
arc n, the bottom, and in fact the real cause.
The Assistant Treasurer reports to-day follows
Total receipts s7el22 81
10. ayments.................. lO0Nb3 -
no. balance izJn,%" 20
The receipts to day include $4,000 from customs
The returns Of the banks OF this city for the week end
ing Dec ~ compared with those n the previous week
show the following variations in the aggregates
Increase IN loans aud discounts .......... sio2 $50
Decrease Ia specie 10 200
Decrease 10 crculaion '..sss.ssssssss..ss 1"oyVo
Decrease IN deposits, actual. l5S6,S15
The decrease deposits extent IL rather
expected movement. The resumption of specie payments
may have made some changes in tho internal arrange
ments and deposits which have heretofore been included
in the general may under tho head Of
special In the other departments there has been no
change Of consequence.
and other cities OF The Union Of the most vital
Importance 70 the financial world at largo Tho FIRST
Point for consideration among all classes the policy 10
be pursued 10 secure the permanency Of the
mont The hanks start well fortified with specie Those
OF this city have upwards Of twentysix millions Of gold In
thor vaults with q very contracted line Of discounts.
The basis " therefore sound and strong and Is only
AIRY 70 preserve this health and strength 70 bring
about position Of financial affairs and system OF credits
superior 10 anything known for years. 1t s only about
sixty days since the banks Of ths city suspended specie
payments The causes which led 10 that movement inii.
recty we're numerous but the direct rather the lmmc
date cause the combination among Anglo Amcri
can banking houses and class Of depostors who became
panic struck for run for specie and the withdrawal Of
several millions Of bullion in the space OF few hours.
This the direct cause at the time when the public
mind ripe for such Influences Tue failure OF the
and FASTENED the collapse. II represented 10 the
largest Of city banks tina, the Tus, Company in
want OF funds, and that Il helped would suspend,
This information unheeded and that concern was al
lowed 70 60 down. The previous high standing of that
company and the suddenness o. the fslure seriously dis
turbed public confidence and from that moment the
vulsion became inevitable. Had banks helped along
The Trust Company the collapse would only have been
post. med and was about we'll that was suffered
suspend In 1887 the failure OF the Messrs Joseph
the cn,erny wedge " tho revuson OF that year lyon
the eve Of every financial explosion some decided
pcrt a ncces airy 10 open the ball and the
po Nearly all he large failures tina, have followed
ths Ohio LIE md Trust COMPANY ere supposed 70 b