The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-25
The following table shows the course of the

The week has been dull IN the stock market.
Operators are all waiting for something to turn
up at Washington. strong bear party has put
out a long line of stocks but stocks of all kinds
are so scarce, and prices stubborn that they do
not seem to be increasing their short interest at
present. On the other hand, the bulls are salts
fed that some adjustment will be made which will
satisfy the border States, and that in this event
stocks will RISE but they too are waiting the pro-
gress of events.
The bears on our Stock Exchange have been
somewhat disappointed by the non-arrival from
England of American securities. 1t was conf
IDENTIFY expected that the news Of the secession Of
the Gulf States, with the prospect of civil war
would lead to copious consignments of American
securities to New York for sale on foreign ac.
count. II was believed that large amounts Of
State stocks, and shares of the Illinois Central and
Erie Railroads would come here to be slaughtered.
The event has not verified these antcipatione
Very few State stocks have come over, and hardly
any Illinois Central and Erie. II seems that foreign
holders Of our securities exercise a cooler judg-
ment than the bears anticipated. Letters from
London say that If the border States-whose stocks
are the principal State securities dealt in abroad
should secede from the Union, they will require
TO preserve their credit in order to borrow anew;
if they stay in the Union, the stocks
will remain as good as they ever were.
As to railway stocks, these letters state
that, in the opinion Of English holders, political
disturbances at the South cannot affect the bust.
ness Of such roads the Illinois Central aud the
Erie. SO long as the West continues to produce
surplus offood, and to require large quantity of
goods, these roads must do an average business:
and instead Of selling their stocks foreigners are
prepared to increase their interest II panic here
enables them to do SO al q cheap rate We are
led to believe that these views are those of To-
reigners generally. Our English friends may have
made some mistakes in selecting investments here
But it is due to truth to say that they have never
lacked courage IN holding them. They have never
sold under the pressure Of panic. On the contrary,
when we have Lost faith and made haste TO sacri.
6oe our property, foreigners have embraced the
opportunity to take IL OF our hands. They are
cooler and perhaps wiser than we are liz this res.
pect.
We published in yesterday HERALD the list of
the bids for the ss, 900 900 government loan which
was awarded on Saturday at Washington. The
aggregate amount bid Cor was ala, 3j5 ,Oo0: the
rates ranged from IS TO So most n the bids being
between 90 and o. II ID stated by cur Washing.
ton correspondent that no bid under 30 lj.lgo win
be accepted. According TO the list Of bids pub
lished yesterday, the bids at and above 30 l5.l00
only amount to $780,, 900, leaving sos ,esa to be
awarded TO bidders below that figure. II is quite
liLely, however, that the telegraph may have
made some errors in the amounts. Assuming that
no b,i below 90 l5-i00 gets anything the following
are the successful bidders for the loan