The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-23
FINANCIAL AND COMMERCIAL.


- WEDNESDAY, March 22-sP.M.
The movement In the stock market continues upwards
AZ the rst board Canton Company advanced per cent
Illinois Central Railroad III Florence and Keyport, ";
nicaragua Transit N New York Central Railroad, y;
hudson railroad, u; Michigan Central Railroad, u.
.'s'eAna ana Toledo Railroad declined x per cent Cum
oerand Coal sold largely without any material alteration
in prices. Canton Company was In demand nj tbs Inn
provement, and the sales were principally for cash
Florence and Keyport Is advancing under the influence
OF the contemplated railroad to centre on the
property at Keypor The rise in prices has by no
been great rapid circumstances justifv II
the railroads just chartered by the Legislature Of Ne
Jersey constructed Keyport will become one OF the
most important points in the neghborhood Of New York
The original projectors Of the Keyport Improve
ment Company have struggled long and manfully
against the powerful railroad monopoly of New
Jersey; and it must be to them source OF great
satisfaction that they have finally accomplished the OBJ
ects arrived at Nicaragua Transit appears be moving
up again. The amount Of stock offering is small and
the sales only to moderate extent All the leading
railroad stocks closed firm at the improvement. The
stock market is enigma to the most experienced ope
rator in the street The Oldest and heads pug
zed and hardly dare express opinion upon the future
course OF prices The bulls and appear be pref
y equally balanced and between the influences ope-
rating upon the market the fluctuations week in and
week out hardly amount to moderate profit. The
very doubt and uncertainty that exist are favorable to
TIE bear interest," and it is necessary give the market
more character by decided action before the bulls
can make much Roadway against the current which cir
cumstances daily strengthening against them We
see NO good reason why stocks generally should not
Oily and permanently appreciate and notwithstanding
the existing state Of things in the street about draw
between the two great contsndng parties the fu
ture looks much more favorable for holders and buyers
than for sellers.
In the table published in the HERALD of the 22d inst
there was in the aggregate amount Of assets
composing capital and surplus put down to the Howard
Insurance Company. should have been $500 1888 "a,
instead Of 73S. will be at glance that the
typographical one.
The steamship Asia, from this port for Liverpool to-
day. carried out 1855 in specie principally gold In
ingots. &ss
The Hartford and New Haven Railroad Company have
declared dividend Of Ave dollars per share.
A. H. Nicoay's semi-weekly sale Of stocks and bonds
will take place usual tomorrow, Thursday, at half
past IL O'Clock, at the Merchants Exchange.
The receipts at the Office of the Assistant Treasurer Of
this port to-day, amounted to $685. 764 ell the pay
ments were $53,218 41-leaving balance of $S163,-
OBJ 81.
1t reported that the Erie Railroad Company have me-
gotiated the remainder of its third mortgage loan,
lars The terms haze not tranpred There is Anan-
cierng in this than appears the surface. The Erie
Railroad Company have negotiated many loans since
its organization that it is difficult to keep up with Them
to distinguish the different classes. We have NO
faith in these official announcements that loans have
been raised The history of the early financial opera
tons Of this company has yet to be written; but 1t viii
astonish those familiar with the most desperate
system of raising money under the most adverse cir
cumstances. We have very distinct recollection Of
public sale Of Erie Railroad bonds in the Merchants Ex
change when it represented that every bond Of
issue of So, 900 sold. The fact afterwards
transpired that but few bonds actually Sold thu
balance having been bid in 1t is the opinion of shrewd
nanciers that the Erie company have sunk its entire
capital in losses the negotiation of its numerous
bonds
The drafts entered at the Treasury Department. Wash
ington, during the week ending Saturday the 18th
inst Vere.-