The New York herald., 1862-02-23
FINANCIAL AND CONNER ClAl.

SATURDAY. Feb. %, 1862.
The day was observed as holiday in Wall street,
and but few Offices were open. and little or no
business done.
The outside demands for first class bonds con-
tinues active, though they are all selling at very
high price. New York Central 6's selling at 80,
Hudson frsts l07, Harlem frsts l0l, Michigan
Central irsts lO2, Illinois Centrals "a, Erie thirds
97 (the firsts and seconds are at premum),
Rock Island bonds par, and so on throughout
the list. The only really first class bonds which
are still at tempting price are the Michigan
Southern sinking funds, which can be bought at
about 50 to 30, and are as sound security as any
oi their class. The business in railway shares yes
terday was very large indeed: but, as heretofore
the only buyers were the jobbers of the street
and the board the commission brokers had
very little part in the days traffic. The bull
party must have increased their line several
thousand shares yesterday; they are now supposed
to hold from sixty to seventy-five thousand
shares of stock, the whole of which will presently
come into the market for sale. We cannot learn
that the amount of stock taken out of the street
by investors bears any proportion to the stock
sent into the street by real holders, abroad and at
home, who are taking advantage of the present re-
markabe advance to turn their property into
money. Il follows as q natural inference that
parties who have money to invest in stocks will
consult their own interest by waiting few days
before they effect purchases, while real holders who
are disposed to make money by little "hyer''
will not risk much by letting the street have their
stocks The bulls at the board have been thrown
of their balance by the recent victories when they
come to examine their interest account they will
be only too ready to share their load with any one
who wants to buy, at much more moderate prices
than those now ruling. With the exception OF the
New York Central and perhaps the Galena, there
is not a railroad on the stock list which is certain
of earning 8 per cent for its stock during
the year 1862, and not few among
them, as sad experience proves, will find them
selves, in February, 1863, with their floating debt
increased and their finances more embarrassed than
ever.
The market yesterday closed steady, the following
being the last quotations. States 6's regis
tered. 1851, 9oL ol; do. 6's, coupon, 1881, 9O%
oOH DO. 5's coupon, 1874, 81 sl1%s; Indiana SIS,
7G virginia s's 62a4 a 63; Tennessee SIS 61 a6lL;
North Carolina 6's, 73 %; Missouri 6's, 53L a
53L Pacific Mail 93i4 93a.; New York CentrsJ
"a sl16: Erie. 34al 3j; do. preferred, 5s1La
ssA: Hudson River, 37,% 3734; Harlem, 1873!
12s4; DO. preferred, oV oV14 heaulng, 43% A:
Michigan Central, 54% 5i94; Michigan Sonthcrn
and Northern Indiana. 2314 "a; do gua' .anteed.
a6 4614; Panama, l2l; Illinois Central, C,s 651I;
Calena and Chicago, 60 20; Cleveland md Toledo.
45sI iG; Chicago and Rack Island 55 y, Sc; Chi.
cago Burlington and Quincy, Ga q 6,; Milwaukee
and Prairie du Chen, 20 q 2l; Ceve and Columbus
and Cincinnati, lOs% 10; New York Central ia
of 1876, 1903 l0j; Erie third mo. tgagc bonds, 90
~: Michigan Central SIS, fir d mortgage, l0iIsa
l02; Illinois Central Aonds, rs, 9lH . %; gold,
wv 1852.