The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-24
AND COMMERCIAL.
THvRsDAY, Dec. 23-s r. N.

THrRsDAy, Dec. 23-s r. NJ.
The leading feature Of Wall street and the Stock TX
change continues be duncss and entire absence Of
purchasers Of stock for investment by the outside world
Men Of and prudence, who might, perhaps. after
the beginning the year have rked part of their idle
funds stocks, are content wait till the
million loan Is awarded. II seems 10 be generally ex
pected N the loan awarded like the last-that IL TO
cay, bids "for the whole none" considered
will 70 al a considerably lower figure than the last;
and much Of the idle money lying in
mrs banks and ether financial institutions, -
well a. unrroduciive Of wealthy men, will be
employed in its purchase. II Is expected by the
bulls of Wall street that Notwithstanding TINS opportunity,
much Of the money coming in from dividends at New
Year viii nevertheless be used therock Exchange aud
the jobbers already hooking for fresh harvest
II s hard to say What nay happen. Tue public have
rushed headong n,o tho market buyers Of worthless
stocks ofn that to say that they will not do
60 again bat al present must be admitted that there
signs of out dc speculation outside purchases
for investment. At prescnt-as has been the for
he Si SIXTY days-,hr iobbcrs of the monopoised
To gambling am lag themselves. They buy to-day and
sell 10 morrow, operating for very small profits, aud
chains ~ Their tactics with CELEBRITY peculiar 10 them
seyss The volume or their operations great that the
market almost under their influence. and no other.
When they sen prices fall. when they buy, prices rise
even the money market.
stocks having declined yesterday, they higher
day Yesterday everybody waa,-i TO sell, to-day every
tnc vas buyer and the higher the price the more eager
TIE purchasers This change 81 temper among the job.
bers Rufcd the market to advance this mornng nearly
Per cent the speculative descriptions; the al
vance Vas Dot generally maintained throughout the day
bu - 2 stocks closed higher than they yesterday.
The Western stocks continue to lead The market The
buoy ant ans ng them b. lay Michigan Central
vi ca advanced pcr cent making about three per
ee-t advance in something ike week. GaIena and
Rock bland likewise in request a, an advance Of
\ rer cent Illinois Central was likewise
4 better. New York Central and Reading, which
have go long been The leading speculative stocks,
AID Rga INST witch the bears have displayed their
utnctt power and sgil, comparatively neglected.
TIE former advanced = the latter steady without
change q price Panama shared the general upward
"a tbe extent q per cent, Pacific Mail closed
rather lover than yesterday Among the bonds, Illinois
Csrtras improved Ter cent the Ia Crosse land grants
were hkcwke higher The Eries OF 1875, which were in
rIsat T,qne-, short time since, neglected and
have d downward tendency. state stocks were generally
N request al quotations. and in instances
The case of Missours at a slight advance The closing
prices of The day vefe-Missours, seh *; New York
Central S3sy ~ Reading, 5itI n; Erie, 1917 II;
Michigan Genital, 50 a - southern guaranteed, AK
Z Panama 1904 12l; Illinois ceotral, ssl III Ga
lena 7os - Rock Island, $50 SO; Pacific Mail, eoA
q0tg. Tho market closed weak.
Tic business Of the Sub Treasury TO day has been -
Total receipts. t2oofs2 20
Iron Customs ...ss.s...ss.sssssss ios,y~ w
Fat NJ Iiuol1 %
balahCf oVoA 90 w
The osshans a tlo Bank Clearing House This morning
wef, j2o 5o5 7ol J5 and The balances ST Ola 400 So
The following dividends have been declared The
wasirfion Insurance Company semi annual dividend
ortb f cent payable On the 81 q January next; tho
C0nuupnll rauk semi annual dividend 81 three and
bali Icr cent, payable January The Norris and Esex
Psfosd dividend u dollar and Bny CENTS per share
81 rtc per cent, payable January the Mechanics and
Traders bank Jersey City, dividend Of I've per cent;