The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-03-01
iClAL AND CONNER ClAL.
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M ON e Y M A II K n r.


After few days quiet and comparative inactivity tho
stock market opened buoyans with spirited demsnd
for most Of the leading fancies. The bulls made their
appearance in great FORCE and purchased sxtensvsy
At the nrst board Cumberland Coal advanced par cent
Gold Hill, 4; Crystal Palace, Y; Illinois Central Raj
rad a. Potomac Copper, VI New York Central Railroad,
~ Michigan Central Railroad, u; Michigan Southern
Construction RAirpsd y. Illinois Bonds destined u Per
osnt; do. DO Privilege, Y; Canton Company 4; hsriem'
X; Reading Railroad, H. Railroad bonds were freely
offered and freely TAKEN nj prices previously current
lots Of sscosd and third rate bank stocks we're sed
the board Erie Railroad stock has been moro IN
demand than any Other AL through the recent excite
men and has been we'll sustained The mining stocks
sold atths regular board I'D fall prices They are
generally first class stocks, suoh have intrinsic
value and great prospective prodactivsncss. Rail-
road stocks are steadily improving, and continue
Arm at The advance We allude to those which
are o, fixed dividend paying character, located
principally in tho Western States. Michigan South.
ern Construction Stock has advanced from par to six and
three quarters per cent premium within tho past two
weeks and Ia selns at fourteen par cent below
the market value OF the Michigan Southern STOCK This
Is too great difference considering the relative poiton
CT the stocks The regular stock draws dividends for
the get earnings. and the Construction stock claims
eight per ecu, from the source l. Ia question
IL the Construction stock Is not entitled to its eight per
cent dividend even to the entire exclusion II necessary
of the old stock or tbs reduction OF Its per cant div
dend The company agree TO psy eight per oen on the
Construction Stock and does not agree to pay anything
on the old stock In the event OF any disaster that
should carry OF the net earnings to such extent IS
10 leave but sufficient to pay tho interest dsbt and
dividend on Construction stook the old stock would have
to give way. This Is contingency that We trust never
will occur and we only aods to 1t FOR the purpose Of
showing that the market value of the Construction stock
should not be 70 much below that Of the full stock
The receipts the Office Of the Assistant Treasurer OF
the United state, for the port Of New York. this day.
February 49, amounted to sIe9 49, the payments
$40 1el 2s-lesvrg balance hand Of a. ITO 983 o.
Tho amount OF gold received from California during the
month Of February, was q, 29s, e2s.
The Mechanios' Bank Of Brooklyn has declared dvi-
tend OF four per cent.
There will be sold ct auction at the Aerchauts' Ex
change tomorrow, Thursday, ct IL O'Clock $50 900 OF
the bonds Of ths Parker Vein steAmshp Company well
secured BY trust mortgages made to Shepherd Knapp and
JAS Stacy Esqrs the ten steam propslers Of the
oompaDy The bonds bear interest at the rata Of per
cent per apnum, payable semi.Annuary. At the sane
time vii sold So coo Chicago and Mississippi Railroad
second mortgage per cent convertible bonds, together
With variety OF other bonds aud STOCKS we'll worthy the
attention Of parties having money to invest
The following statement Of the leading departments
oY he back