The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-18

This comparison, however, not present faithful
picture Of the of the week. From Thursday
Friday the stock movement improving one,
caused by outside demand for Stocks but resisted with
extraordinary holiness and pernacty by the bear job
bers in and around the board. On Saturday morning
successful bear trick, ingeniouay devised and skfuy
executed dealt bow - The whole market, and caused
the loss Of the advance Of the previous five days.
The market, as whole, appears to tend toward i'm
p1ovemen.. 1t ls true that the earnings Of the railways
show yet increase last year. Nor could they
DO otherwise Last spring there large overplus Of
grain In the West which sent forward in the months
Of March April and May this year there is little
grain to come forward Expectations of a speedy in
In the earnings OF Western roads will therefore
lead to disappointment But it is obvious that whatever
the roads the crops turn out vol the
ings Of the last five six months Of 1859 will 70
swell the receipts Of the whole year that dividends
must be resumed such roads the Ro:k
Island, the Galena, and the Michigan lines; and
the winter wheat (Which widely than ever
before) promises admirably, while the failure Of the
crops of 1858 and 1857 ustnes general principles the
belief that sha be fortunate this year, not
unreasonable TO expect that the crops will out WELL
that the roads will benefit accordingly and that dividends
will consequently be resumed mainly this conside.
which had led, during the past few days. TO pur-
chases Of various Western stocks by outside parties
it perhaps only natural to expect that, the
advances these purchases will be still further encours ged
and stimulated by the accounts from the West.
There exist two obstacles Improvement the current
prices Of railway property One the competition
tween the great trunk lines between the West and the
seaboard The other the the stock obbers
who constitute four fths Of the members Of the Stock
Exchange, and who, having sold amounts of
stock for future delivery have option but either to
keep prices from rising to fail
With regard to the first obstacle there reason to be-
eve that it may BIO The contest between the
four great roads the be charged on
freight between the West and the seaboard That those
rates too low is universally conceded. That
of the companies make much money present prices
is Obvious The question vs. how long will the sockhold
ers in hcte four companies persist in policy which
do Of them the least good, and be injurious 70
alp his question has been in a measure answered dur
ing the past week. The New York Central managers
while declining to enter into fresh compac,s profess their
willingness TO restore freight charges the tariff rates.
and coming to this city to day 10
cuss subject with their rivals The Erie direction
understood to be favorable to return the rates.
without any revival of the st. Nicholas compact The
stockholders in the Baltimore and Ohio OF whose proceed
ngs at the general meeting few days aimee
a garbed account has appeared in the papers,
charges to 6gure which shall insure the
continuance OF dividends their property The
Pennsylvania directors avcrse to the present
suicidal competition that, in published manifesto which
appeared last week. they advocate legislative interference
to prevent such competition. In word all these parties
are ready and anxious to compromise for their own
sakes. And If discreet person, such as the late
umpire under the st. Nicholas compact should take tho
matter In hand with and ZEAL there no rea
con why adjustment should be had before the close
Of the present week. Attempts revive the st. Nicholas
compact, with its nudicious restrictions sure to fail
But simple understanding with regard to a minimum
tariff for eights readily be arrived at the parties
meet each other with siDgleness Of purpose and enght
ened views Of their own and the general interest.
The second obstacle to general Improvement In rail
way property is hardly worth discussing. party
avery necessary Ingredient in healthy rising market
Bears check excessive advances and sodty
market lively demand for stock to full deliveries
from the bears is almost useful for the being as
outside demand for Investment And though tho dis
charge Of this honorable function by the bears is
usually fatal TO themselves tho consciousness of usefulness
is, are sure as gratifying q reward the present
Wall street jobbers expect DESIRE and will afford them
all the consolation they need in their hour OF trouble