The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-28
FINANCIAL AND COMMERCIAL,

NEnSESnAY, oct. 27-6 Y. VI
a, length enabled record pause IN the amost
unexamped which has been the feature Of the
market for the past fortnight To-day number Of opera
tors, including two Of the largest houses tho
street concluded realize and the market reacted
oordngly. ON former occasions, when stocks have
moved upward has been usual for these pauses
every three or four days; but have hardly had
pause N the steady advance since began, fort
night There relaxation Of the orders from
side. The uniform report from the brokers
! that their clients gradually coming buyers,
and tina, the total Of each days business exceeds ,
q the ias,. Az experience shows, IN fact, that tie
outside public proper will only buy stocks IL
the time the brokers want 10 scn them. and that
the higher fancy stocks 50 the certain thy
to 6nd market. It also to be remarked that
the partial reaction which vii BE- noticed in 10 DAY slo
list does not extend State stocks or many other sccu
ties In Which tho public investing IL day tWa
when We hear q the reduction % the bank rate q Int
rest England and q the further develoycmeni q speed
laton there, must be- expected that the ball will agan
be motion herc-hough, for the present, sun faf I
thcr reaction would not be unnatural unwholcsomc.
The volume q business transacted al the STOCK *.
change to day very large indeed over $4,000
sours changed hands closing = lower than yesterday.
Tcnntsccs we're steady; vrgnlas and Mnneo
tas North CarolInas per cent Tho railroad bond
market arm and there was general inquiry for Inc
best bonds. Illinois Ccntrals we're firm, with re-
ported sales q s5e,5co, la Crosse land grants
were shade higher. all The Erie bonds
were in demand; Hudson River thirds we're j, higher
In bank shares the bus small We note an al.
q per cent Corn Exchange and sale Of Chat.
ham 20 In the general market New YORK. Central was
very active over 10 600 shares changed hands In the
Of the day the realization a holders ug de-
cline equal 70 = per cent compared with yesterday
A. -
people buying this stock Cor the dividend safest
way a making their money ring the inter-
The September receipts had not 10 hand this
ing they will, Of course, show heavy decline com.
Pared with last year bot said that the october receipts
viii show Increase. The friends az The management
are sangune that before the present easy money
ends Central viii rule at par. Michigan southern,
and guaranteed, quieter 10 day The question ~
dividend on The latter will be settled early next
9nth, when is probable that the company will give
The holders due bills for the Of their dividend.
The creditors are generally very willing 10 accept the
new bonds at So cents exchange for their sccepances
and few months the floating Indebtedness will PRO.
badly bc funded The other Western roads were quiet
oday as compared with yesterday afternoon Rock Island
declined y Toledo per cent Galena Illinois Central
~; Michigan Central ! Reading *: Erie 4; Hudson
River " Panama and Pacific Mail we're beth doll. the
former decsned III the latter per cent: the closing
prices we're. Mssouris 9ok New York Central ssA Y,
Erie TX ~ Hudson sslS \, Reading ST.. y; Mchi
Central 5sk SO; Panama III X a l22; Illinois Cen.
trial s7lla x; Galcna sax So Toledo 35i4 Z. Rock
Island esAz y; Ia Crosse SKA X; Pacific Nal loo Z.
The market closed steady but quiet.
The exchanges The bank Clearing House this morniog
s2 asi oS3 rs, aud the balances 81 sOi SAG ca
The business Of the Sob Treasury 10 day as fol
lows
i"ta recets tlkf&Z4 II
~ Nhfh from custofns 10 VO9 ~
lel& iA9mehlS.ss ITO .i4V %
iueA ntAAce .ss...st. v.5J5slA %
Tie Africa, which sailed from tbs port 10 day, took OFT
s9'es3l5 80 "a specie Exchange closed dun aud rather
lnnt n.1n at-rLLnr - lnan- fnn., o. L..n...-