The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-10
FINANCIAL AND COMMERCIAL.
THURSDAY, Feb. 90 r. n

THURSDAY, Feb. % Pm
The speculative feeling was tame on the Stock Elk
change At tho session q tho board owing to tho
certainty OF tho result VI the movements In Grants
army and the Etagnaton in the gold room The ten
doncy OF prices in favor Of the beans and dis
position shown 70 put out sellers op,iona The
closing sles compared with those Of yesterdays second
board foows:-Eris declined u, Hudson River y,
Reading " Michigan Southern l. Northwestern 4, Rock
ISLAND X, Fort Wayne y. New York Central advanced
~, Michigan Central X, Cumberland X. Government
securities were stronger Coupon tenforcs improved
4, nve-twenties ksK.
Al the open board at one o'clock prices frac-
ton lower At the second regular board the market
dull at fractional decline . portion OF the list At
tho close the variations from the morning prices
decline In Erie OF New York Central X Hudson River
y, Reading " Michigan Central ~ Cleveland and Pitts
burg y, Michigan southern y, Illinois Central " North
western y, Rock Island 4, Fort Wayne u. Cumbes.
land Coal the most active stock the list and i'd
vanced 3k.
Government securities were nrm, and on the street
they were in good demand tho principal inquiry bong
for ten-fort.es, owing TO their relative cheapness
Mser tho call the market continued dull and at the
second open board II barely steady, Cumberland
excepted, which advanced 70 S.
business the Stock Exchange Il likely TO continue
anguid for long time TO and tho railway share
market weak and unsettled owing 70 tho absence OF ou
side buyers AZ present nearly ali IL activity 10 duo TO
the speculaons Of brokers' for commissions are too
few and insignificant in the great majority Of cascs 70 pay
their Office expenses, they compelled to operate
their account and thus they become their best
customers
Tho enect Of the wretched and neglected condition Of
nearly all the railways in the country, combined with
the INSCRIPTIONS manipulations Of SPECTATORS Is to
deter the public from ventung either TO invest spec
ulate in their stock and long managing directors
prefer paying dividends TO keeping their respective
Lines In repair and spectators ready 70 ccnspre TO
tho market up and down for their profit, this
state Of things Is likely TO continue. The numerous
cidens which have dsgraced American railways Of late
and mado them highways 70 death, attributable to
the prevailing sin OF making good financial exhibit
warranted by tho facts.
As instance OF tho criminal neglect Of railroad CON-
panes 20 keep their tracks in proper order, may
quote tho published Of passengers by train
which left Cincinnati at ten p N. February ., for
Plttsburg by the Pttsburs, Columbus and Cincinnati
Railway, which is thus gven:-
That the said having been stopped by OF
accident TO freight train midway between Oxford
station and Newcomersown, on this day. they walked
the track from said station TO the wrecked train,
and found the track in very bad state OF repair that in
many the rails entirely disconnected from
the ties which often rotten and loose the coup
lngs instances entirely removed, many Of the
pins bolts entirely gone and in many instances the
rails disconnected by from three to four Inches and the
rails torn and OUT that in the opinion Of tho under
signed the accident above referred 0ccss0ned by
the insecure condition Of the track which renders 1t
unsafe for travel
The gold market has been unusually sluggish to-day,
Notwithstanding rumos OF portion Of the
forces under Grant Tho abscnce Of speculative feeling
was Marked and tho close quotations tended down.
wnEd In fluctuations w0re folIOws.--