The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-28


throughout the day, but New York Central fell off X
per cent, and looked very weak Missouris, Of which
ve leading operator is said to have been large buyer,
sold this afternoon a. low sSK The closing prices at
the board were-Missouris, SO; Centrai SAX Ri Read
ing, ASK a n; Michigan Central, SIX . u; Panama,
I07 n; Illinois Central, 87x q SO; Gaena, 90 x;
Rock Island, COX a x. The market closed heavy.
The business of the Sub Treasury today was:-
Total receipts 81 al oS6 a.
From customs ....'................ aI!SV W W
Total payments 0b4, S46 vi
Total balance ............-..... .....o,oi4,3oz 10
sum of half million sent by express to Boston.
The exchanges at the Bank Clearing House this morning
were s2l 224 4s4 ~, and the balances 81 4ssls5 o.
Annexed ia synopsis Of the bill TO amend the Banking
act Of this State introduced the Senate by Mr. johnson
l. Stocks hereafter to be deposited shall in all be
half State stocks said stock not to be taken above
g. Authorizes the to accept one half State
Stocks and not to exceed half in the bonds of any
city village town issued IN pursuance OF an act of the
legislature and producing seven cent interest," said
bonds not TO be taken at a rate above par
We have received the following communications
TO THE EDITOR OF THE HERALD.
Your daily illusions TO leading operator" Of the
New YORK Stock Exchange we'll understood you
printed the name of the man. Now will you permit one
of your TO inquire upon what principle you
led to make this public reference to an individual who pro
secutes his business in most unexceponabe spirit and
whose career IN wall street Deen markeu Dy
integrity and fair deangY Why should he be mark
for the comments Of the pressp What purpose does it
serve and what additional amount Of light is afforded to
the public upon the financial questions TO which your CO.
lumn devoted, by such course? Respectfully, &c.
the operator in question conducted his business on the
Stock Exchange other operators conduct theirs the
press would never single him out for remark 1t is be-
cause the and Of his opera
tons positively sways the market tor the time being that il
the duty those who report the affairs the Stock
Exchange for public information to make exception in
his case and the facts concerning his movements
We're they neglect this duty, they would fail IN pre-
sentng the public with truthful picture OF the business
the Stock Exchange To persons for instance who are
ignorant of the operations of this SPECTATOR the gradual
rise which his purchases have caused during the
past month would appear like the effect Of outside buying
for investment and, relying this impression,
many might be induced to become buyers likewise
The fact is every in Wall street knows,
that there has been and is outside buying at all;
and purchaser coming into the market at present
would be almost certain TO lose his money.
We're we therefore, to correspondent
OPERATOR should not only fail very consciously as
reporters OF the stock market but would be instrumental
in infcting injury innocent persons These our
reasons and these the purposes have to serve
respondent can judge whether they sound As
the integrity and fair dealing of the leading operator,
The statement of the St. Louis banks for the week end