The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-02
FINANCIAL AND COMMERC GAL.

THURSDAY, sept Isl N.
The Stock Exchange quietsr today but the reaction
anticipated .and desired alike by the buls who wish to
the marxet move gradually and the few sur
vivDg bears who want 10 their contracts has not
yet made its appearance. From the extreme sensitive
o. the market, ana the difficulty OF purchasing any
considerable amount OF any stock without causing
marked adv the price, would seen that the out
side buying must have been greater than is commonly
supposed Several prominen. commission houses report
that they have no Outside orders to buy, but only orders
to sell the movement Of prices however, indicates that
they mu. be exceptions the general rule The amount
ofreaization on the bull side has been very large,
and the market, which lie deprived Of the assist.
Of the leading bears, had had no support
ron outside, prices could hardly have been maintained
as they have The Indications confirm y,w which
beye moro than once expressed this RUNNER,
namely that the Of stock in the market has
always been exceedingly small and that If the offerings OF
the bear jobbers lad ceased for week the ordinary
business Of the commission brokers, small NJ /. was
would have ri material advance. The receipts Of
grain at Chs. md the prospect Of large earnings
The leading roads, have now led to a more lively
demand for stocks than has existed for year or more
the market, out OF which the leading jobbers have
lust been driven has not had stock enough to supply
demand and the consequence has been the sudden
IN some caaes excited, advance In prices According to
the usual practice this should be followed by reaction
For rome days past have stated such turn has
been expected by the leading operators both sides 1t
possible however they may disappointed If the
demand for stocks holds out prices may continue sd
vance until the amount Of stock In the becomes
much more considerable that is. This view TO be
taken TO DAY by parties who have been waiting for
time for lower prices in order 10 buy.
On the other hand, II muet be remembered that the
adj Inn fox
prson either with the previous Decline with the values
represented during period OF ordinary prospertyhas
been quite large enough to tempt the early buyers to
lie their profits decline of q Q per cent would give
greater breadth TO the market and distribute the business
widely Operators must decide for themselves which
OF these views is probably correct.
The most active stocks this morning were Rock
Island Gaeua, and Michigan Central the latter which
In demand by parties who had contracts
10 receive them from the operator who failed yes
terday. Rock Island advanced two per cent
closing in the afternoon at SO bid The earnings August
will shortly come to hand the managers will be qate
satisfied they equal TO those Of 1858. Michigan Gen.
trail advanced per cent Guaranteed n closing at
2e4 bid There s still large short interest in th, stock
and notice that contracts Et freely offered sell
'sopsions. Hudson River very firm at 355 New York
Central opened at T5 advanced TO H. and closed at 75
vanced per cent State stocks and bonds firm ai
Yesterdays advance In the afternoon the msrket wAs
generally strong stocks closed unsettled at the fooE
ing quotations Missouri, sS7s ST. Canton, I7 1917
Cumberland, lax 10; Pacific Mail, IS X; New York
Central, '62s u Erie, AZ s. Hudson River, 351l
Il Harlem, 1923 q Il Reading, asa Michi.
gan Central, 47a Il; Michigan Southern, TX x;
Guaranteed, 261l " Panama, ll7h ~ Ilnoe
Central, 661l 81 Galena and Chicago, 7lh 81
Cleveland and Toledo, 251s a q Chicago and Rock
Island, 60 a u.
There is no change in money to report. On call 1t
ranges from TO 6, bankers asking the latter but seldom
getting than the former. Exchange has no. yet
opened Tor the Saturday steamer the Market however
looks somewhat rmer, and advances is reported by
bankers Tho saxona took cut today about 500 ,OoO
mostly in silver On Saturday the only seamer will be
the Bremen, which will not probably take much.
The following the business OF the Sub Treasury To-