The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-28
FINANCIAL AND COMMERCIAL
N o N f Y M A IL X EFT.
WEDNESDAY, Jan. 27-6

There was no movement Of importance this morn
ing in the stock market. The extent of transactions
was about the same, and in some railroad bonds
prices luctuated considerably, the natural result of
the rapid rise Of the past few days. Illinois Central
bonds and La Crosse land grant bonds declined this
morn ng, the former two per cent and the latter four
per cent. In other securities there was no change
of consequence. Indiana State advanced per |
cent? Louisiana 6's California 7's3; Pennsylvania
Coal ompany, 4 New York Central Railroad, /; |
Harlem, !: ~ "higan Central Railroad, Z; Illinois |
Contra, RasroGd2 Missouri State 6's declined per
cent; Cunberland Coal, Il Panama, /; Chicago and
Rock Island, 3; La Crosse and Milwaukee, !. There
was sale of Third Avenue Railroad stock at % per
cent. The market, as general thing, does
mot move up a. fast as might be expected from
the extraordinary facilities for hypothecatng stocks.
The private bankers Of Wall street will lend money
freely on anything in the shape of stock security,
with very fair margins. There is no difficulty in
carrying stocks, with such facilities at hand; but
there does not appear 10 be any disposition outside
Of the brokers board to touch stocks at any price
Parties having large amounts Of money in bank pre-
fer letting il lie idle there than TO put into stoc
But for the high prices ruling for I'll the leading
SPECULATIVE stocks some might lie tempted TO enter
the street specuators snd it Is therefore perhaps
as well that prices rdch Undated. particularly
as the imitation only aTec. parties in Wall street.
For some time to cone tie real value of railroad
stocks will not be much considered by spectators
for rise particularly by hat class whoook more to
TIE ease with which fancy stocks be carried than
;c any other element of success. The desire the
part Of private bankersto employ their funds tempts
them TO make loans on very equivocal securities,
IN md IN
,e fact that the loans are made on cali and can be
instantly turned. There IL no doubt but that money
will continue alb ndant, and to those who do not
really want il, very cheap. II will in ell probabili
~, be many months before an active demand tor
money will be realized and we must look for daily
increasing difficulty in finding satisfactory employ.
mcnt for capital. With all this IN view, railroad
stocks generally range high enough in market value.
Where there is little security stocks should not be
TOUCHED by others than regular spectators. except
at~ints considerably below current rates. Money
had much better lie idle than to take the risks OF
Temporary investments in fancy railroad stocks at
! anything ike ruling prices.
At the second board the market was better for
some stocks. New York Central Railroad advanced
per cent; Erie, Il Chicago and Rock Island, |;
| Galena and Chicago, 4; Harlem, 1; Cumberland 4;
| harlem nfteHtu, " mlNulEdD ttnlIdl DOnuSs \.
Illinois Central bonds fell of per cent; la Crosse
land grant bonds 3 per cent; La Crosse stock, l.
The rapid decline in Ia Crosse bonds 70 day is the
most extraordinary movement Of the market No
particular cause ia assigned and we can only attri-
butte it TO the rapid rise Of the past week two. The
amount Of bonds sold to-day at both boards is not
large and yet The decline from the closing prices Of
yesterday is about ten per cent From this great
r. n M
no amount pressing Cor sale, and holders generally
appear to hav no disposition TO realize There was
en active business in Missouri G's this afternoon at
slight advance.
The Assistant Treasurer repo:s today as fol
lows -
Total receipt: sl67 e2o q
raym nk. ............................ B6if 30
" balance. 10
The receipts today include $7i 900 from customs.
The steamship merica from Boston for Liverpool
today, carried out selO, 600 in specie.
TIE steamship Moses Taylor at this port from
Aspinwall, brings the semi monthly mail, dates TO
January g. and specie amounting 10 81 1856 779. The
shipment Of treasure by steamer from San Francisco,
during the year 1867, was as follows:-
TO New YORK.. S5,317TIs 20
To 9,2s5 6S so
To rapsmt ACKNOWLEDGEMENTS. 4i0o2s II
To New Orleans. ........................ $4,000 90
To Havana. 10000 90
Total shipment 1861 sib 266 0o5 IL
Total shipment 1st6............... 4s sos Te3 o5
Dccreme in 1s5T..............,.... - 439 69T %
Total shipment by steamers and sailing yes
SCI TO all pert in 1sb7............... $40 25s 1s2
Total shipment by steamers and sailing yes
sells to all ports in 1S56............... 10 1881 s34
Decrease In 1851. ..................... sl725,652
Stock Exchange.