The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-12
FINANCIAL AND CONNER GAL.


The stock market closed yesterday with decided up
ward tendency and active demand for all the leading
railroad securities In The early part Of last week there
were Indicators Of renewed speculative movement and
the parties buying took hold with great deal OF spirt.
On Monday morning there than the usual
tyty, and quite an Improvement realized. At the !
second board of thai day prices rcccded little and the
activity of the morning disappeared GA Tuesday the |
market opened rather dull and p,is depressed. The
speculative movement which appeared strong the day
prevcas not visible and the hopes OF operators
down to pretty low points. Throughout tia,
day the market looked very much Ike relao5ng AID be-
coming again chemically depressed. Wednesday opened
O, the first board under favorable aspect An
demand for al kinds OF speculative stocks appeared
at tho first board, and better prices ruled throughout
at the second board further advnoce realized
much speculative feeling prevailed new clss
OF buyers appeared the market AMI secured
a very larre amount Of stock. Thursday morning
opened with favorable indications, and prices
were well sustained. an Improvement visible
throughout tbs operations OF both boards and speculs
ls,oIs for rise full OF faith and confidence The
shor, interest much reduced, both b. public and rr
purchases and in several Instances tho bears not
only closed up their short contracts, bu, bought t.
moderate extent for rise Friday the upward move
mcnt continued. bu, with much force as antci.
pa,ed. Buyers took hold literally, and The bears with
position all pressure upon prices and give az
much impetus 10 tie market possible On Saturday
the eec, Of this union Of parties clearly seen. A.
TIE first board there very active demand for rail
rosd stocks, and advance Of Considerable importance
reaiizsd. In some stocks improvement. Of two,
three and Eve per cent shown ,sand the Aggregate
transactions extent tia, hal NO. been noticed
for weeks. The evidences Of RETURNING speculation have
no, for long time been 40 dec iod and
IA. to,,. ,,u,b ihaua1 aF
merit and Initiation hand. i The facilities for
carrying stoSks cheaper or more abundant
and the number Of outside spectators IL tauy
incrsastng II " utterly impossible ID employ
money In mercantile pursuits and bear every
day complaints from the commercial classes about
the accumulation Of capital their hsnds ana the din.
Guilty experienced IN issuing IT, This will force hundreds
into the sto.k market and into the Of speculation
We have bad lust such times before and clearly 70
be what results uust follow. Holders Of money
win permit inactive and unproiuctve fyr
any length Of time IL therefore Inevitable thu IN.
ve~tmcns In railroad securities later FOL-
low steady accumulation Of capital Outsiders may hei.
and refuse for ong eater The .lke % stock
.pcculs,ors, but they Will fnaly IN nod become
wild and reckless In times past We csrroi look for
any demand FOR money until the month Of october Ani
for the purpose Of getting kind OF for
In the meantime railroad ttocNs will be puruhased and
carried for profit Until the proceeds wanted for
mercantile purposes II reconcile 70 our minds
the possibility or probability Of tho vas; amount y
idle ospal remaining inactive AMI upproduo,ive tie
next Elk norlhs, then look with lcss confidence
for . return OF The speculative excitement IN the
stock market The most natural course, under
the circumstances, mus, appear evident 10 every %
far Judge from the speculative pr,pcnsies OF
the community and the mesas at command for speculs.
purpoecs, arrive =, bu, conclusion, AMI
that favorable 10 40 initiation prices for STICK pecur.
tea equal to anything yet realized this season.
The expectation Of epcoe from tbs port lat week
osy 10 moderate extent, will be BY che
settlement