The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-20
FINANCIAL AND CONNER CIAl.
TrNpay 40, At =, N.

Il. N.
The dulness which marked The stock market arly ycs
rdsy morning has quite disappeared Not only were the
transactions this day urge any which have lately
been recorded Indications every side Of
revival Of speculation the brokers and vs. street
operators while tho public TO invest literally in
state and bank stocks and railway bonds The calcutta
ton q the bulls Is, that in few days State stocks and
dividend paying securities will De out Of the public
s~acb And that merohsnS and Of means, unwilling
10 allow money remain idle and tempted by the
ease Of the market will buy speculative stocks for
toe rise No believe that any will buy
railroad stocs for Investment. Even the bulls proclaim
their Deredulity in the ultimate yas Of this class VI
property Bot they that money can be borrow
cd on al speculative stocks at four per cent very
small would give the purchaser a ssch commodities
NJ New York Central Michigan Southern greferred Rock
kand Gaiena &c Handsome interest for his temporary
nvsstnent Should way thinking become general
and bound 10 say that Il appears 10 be epidemic
al prcscnhe result would or ees general secu
hlon for the rise, 10 be inevitably followed within
brief period by general stampede and heavy decline
N such movements the gain invariably accrues to the
Wall brokers and operators the lose invariably falls
ou,side pubpc-thc merchants, house pro
scssiona men and Of property whom avarce temps
Into stock market ON such persons, such seasons
as this advice Always thrown away. In recording the
cts therefore, and stating the well known principles
n tbs moment hesilzting the brink Of stock opo.
ration, win be warned and abstain Mankind has 10,
altered aimee the days q Law and the Mississippi scheme.
Tho operations Of Tho public this morning were chiefly
confined - state stocks railway bonds and bank
TIE al marked. Mssours rose = North Caro-
kna Tennessee sizes 4 Cslfornia sevens (new
tssue), n. LOUISIANA sxes steady Tho demand for
investment ~ these stocks swelcd by demand
OR bank ma YurIoees the West In tho railway bond
market the 20 bonds Of Central . II bonds
a; Harlem fSsis u Illinois Cen;rais IA Tcrro IIAuio
I'D Alton l.. Crosse and grants, 4 Michigan Southern
g. onde Ter cent and other descriptions proportion
3.al shares oastnued 10 note advance q Ia
IN Merchants Exchange, "a IN Metropolitan, y IN Ocean
] in Park u in Bank Of the STATE d New YORK. This
sssdy rec b@ak shares shows tho anxiety with which
ths y are s~esns for certainly bank
KIND Of properly witch, at the present
time ho evroa.od 10 pay handsome dividends. Both
the leAshs ssesks-Peansyyania and Delaware and
Hudson irsstOn higher 10 pay
The lively mock the speculative list this
ing Beck Island which sead 10 have been stimulated
activity ty tho prssy.ci Of construction II the
arom PesrG Hannihsl connecting a, Peoria with The
Bureau Walks Toad. hssoms doubtful wAszhor con
ssrlc,on q sjs road Of With pccunary from
ihe Rock Is.as would 10 Or Tie bs1eat that supposed
However on 10. strength q the Prcspes the stock
psr cent Ihs .Ssornng, asc y more in the afternoon
New YIrk ccnira, active roughes, tbe day closing
"A an sivapoe a y per ces: Michigan 50 liLezn pre-
fsrrea va@ alec good demand with advance drrng
Abe DAY u - per cent The ccuEon ste also aivanoed
= per oess Rcadils active AT an advance IN he
rs.une b., hef ~ snerward Generally sIeaking tbs
mAEloi 49, buoyant, with advancing tendency
SoNslss s ae quotations were, Missouri, S.. y; Pa
cGc Ma l0ssl 4 sov York Central, s42s 81, Read
~, Si,s 81 southern wofercd, So. y; Gaena,
e2a 80. Rocs Isand, csi4s A. &c The marketcics