The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-16
FINANCIAL AND COMMERC IAl
wFnsEsnAY. Dec. IL z. ".

WEDNESDAY, Dec 15--s y. ".
ID, stock market to-day was As usual, dun aud mani
Prices would have declined but the bears who
ut each decline os = . p,r come in a. buyers and
sustain the market, This state OF things by no means
unusual thcarh have seldom Witnessed f,r long
Period of ttoe 4 has now lasted How loug u may
ypt continue will depend ~ variety Of circumstance.
Al present there ate, san, nearly three hundred
kcrs IL and out Of the Board who dong comms-
sion basnesg, and who in orderto masca livelihood
ynS ana ling stocks time, ard quite happy IL
they make balf FER cent operation The sggre
gate volume of this business 70 enormous and the m
pity with which these iobbers shin their side great
that long they continue Their operations, the
ke lcrforce rcmaiu stat onary, nearly Aan
a. 4 per cent brings all the bears a. buyers; a
rise ~ \. pr cent tomps IL the bulls TO sell and 20
tie fluctuations in prices innnltessna however.
groa, the changes In the intrinsic repu,ci values o.
the stocks dealt in Had tho market been IN is usua
conLAon the sto report Of .e New York Central, with
lis a. asoIg aDd pcrverong o. fact and IL half conceal
"a confession 81 an q deb: and sto,k nearly
,qus 10 Lalf million q dolars, would have had the el
feet 81 Csrsng decline IS perhaps ten per cent To
stock Il has certainly damaged To property rs much
THE IN the opinion of unbiased persons yet sach has
been the rcciessncss " the bears that the demand FOR
stock arng from their saos has maintained tlo pglc.
where rtood at the time Of the report; u with
Reading We have shown. tine AMI again, that tas
Germ cannot expc for many years u Be dividend pay.
Ing .tugcrty, we have pored out crcsmssn.cs Wla.a
sender rrt,,c;s very gic my or bc year 70 ootcs.
bot tic bcarE syrcmatcay cytrse the market thai
lilo rflo1 4 never saHaftd ~ decline.
saie so-ss very q1c tbs morning without chang
10 Co. Tie nos, active among tie bonds wore -. ~
Crosse Ian Grant, which opened a an Improvement boz
subsequently declined. tho Illinois Central bonds wi ch
were steady a The late decline and The fras q. 1875
WtFhwcTe low 70 day Bank stocks were steady last
prices &c tufuoss small, but well disirbliei
N,w Soik Central opened at slight advance yests
DAY prec, hut fcl OF = per cent before tie close OF tie
con- amer thc board 4 very scarce Cor delivery
ard tbe decline arrested Reading pfe4y a aly
~ last qroatss the difference between cash and secrs
options IN e.. stock continues 70 b. nearly one par
cant iOf sly days. stockholders ia tbs company an
tdsC IN Pacific Nal enjoy orrstunty which denied
III IL present. tiate q ne money market 10 ocyhoaers
IL ptbcr oncorus tn western stocks were generally
iovor. Eo,k Hoard, which was sharply assaasd b
thc bears, 6scl.uei I. Il Galona, + a 81 Toledo.
IS Tie Michigan saaTcs were pretty steady. rauanla
maintained .sc al the Qgo,liloa & yesterday aneroon
Pacific Ma pr cont better than the ayt reported
sale YESTERDAY The market generally closed dull and
heavy IN "a. afternoon there good doai Il a.
,ysy in New York Ccnlral, which rather a acned no
toward ihc close, the ehofta being, usua large pg
thasers IN other stocks little ne was dcuc Al
dcscr rtons cf, ~ without change. The following were
Eovashs CLOSING Trices,-NssoHris SOL A; Central
Sc q. Pacific Nal, ssSS 20: Hadson, 49, a.
Reading si1t a - Michigan Central, SIX southern
preferred is4 Illinois, 20 !; Gacna, 49, =;
Tolcco, ST. :, Rock isiand. 81 4. The market
cased etealy
The following va To- be.ins,s o the soo Treasury b
day
A0ibt ittt I'VE ttS6SS 70
~ fn ttt9t4a.s b.Ovo %
JOta balance 6,JS5iTsT 03
To exchanges AZ the Rank Clearing Iouse ths morning
were tla,1eS,3so -, aod tbo balances Ell 05iiG5 a.
The following the lettings the lat Bastga weekly
bauE statement
caTisl stcck.....t3 go 900 Due 81 banks seag3 900
Ioa1s and discount. s. alea9 Deposits .224sl 500
Specie. .4.... a.s35,5p Circulation 81. 6sGi 500
unr frcu raflks.... t5lA.ho
w. safn nom To Eehnrnd EpFirey that ne interest
payable ne IL n January next on tbo bonds Of the
state Il Virginia vas paid yfiday last " the Com
inIsgioncrs n the hiking Fgnd.
The earnings n ,ho Central Railroad Company u New
Jssy for tbc month q November 1855 we're 9a1 SO
Same mouth last year. m5Sl ~
-
lncressc 50 pr cont ~ 40 81
Tie earnings u TIC Erie Railroad for the month d 80
Aemter, 1858, were. .Si6sss -
~----
Increase ... s4....................... 6g98 "a
NetnastsiDnt that i 4 expected that thc East Penn
HFEYrrI rogH Ir cars r4rlv tr