The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-25
FINANCIAL AND ERciAL.
NOV EY MARK Hr.

WEDNESDAY, Jan. 24-6P.M M.
AZ me opening This morning lower prices ruled,
particularly for railroad fances The market was
acuve, but the demand appears to come entirely
nom spectators in the street. and the transactions
are principally on time, buyers option. At the nrst
ooArd' Indiana 6s declined per cent; Virginia IS,
!; New York Central Railroad, i; Erie Railroad, 4;
Heading Railroad, /; Hudson River Railroad, 4;
Michigan Southern Railroad, l; Panama Railroad,
.. Missouri 6s advanced per cent ; Illinois
Bonds, !; Nicaragua Transit, 3; Cumberland Coal,
I; Illinois Central Railroad, /. The movement in
Nicaragua Transit to-day was strong and decided.
The purchases were unusually large and in large
lots. Cumberland continues very firm. Erie is with
much difficulty sustained. The bell wether Of ths
flock Of SPECTATORS has been filed up, and no
longer leads the way 20 confidently. The amount
Of stock in the market is daily increasing, and any
clique that may attempt to get up corner in such
fancy must have more capital than brains.
At the second board the market was better for
stocks generally. Nicaragua vent up 1 per cent;
Cumberland Co., !; New York Central Railroad, !;
Virginia 6's, 4; Illinois Bonds, 4; Michigan South
ern Railroad, 1. Erie Railroad fell off per cent;
Reading Railroad, 1; Illinois Central Railroad, 2.
The largest commission brokers in the street have
hah dozen orders TO sell cash stock where they
have one TO buy. This shows tina. current prices
ara bringing stocks into the market from the hands
Of outsiders The advance recently experienced has
given outside holders good opportunity TO realize
and Is most Of them are much crsmped in their
finances 1t is utterly out Of the question for them to
come in again as purchasers for long time. The
brokers who have been Specializing for rise are full
Of stochs, and if anything should occur requiring
gs VIC hon hnua MARS aah
ne fancies. Those who are working the hardest to
sustain the market are large holders of railroad
bonds and managers of railroad companies which
have just negotiated loans. Il is Of vital importance
70 them that, for q time, prices should be
sustained. The loans reported to have been made
are in very d. ubtfu state. They are all at loose
snds, and the probability is that they win not be
closed up 20 iavorably as anticipated. Within the
pa three weeks railroad bonds am ounting to about
twelve millions of dollars have been created. This
s 90 much added TO the load the pubic have 70
carry, and it must prove very burdensoms. Tbs
recent revnlson csused by the creation Of rail-
road bonds 70 an extent beyond the ability Of the
scunuy TO carry and in the face Of such delinqueu.
cy and bankruptcy we fud the manufacture going
on a. rapidly ss ever. The new bonds come from
,sil.oSd companies which are VIGOROUSLY insolvent
70 anticipate the resul. The following extract from
ste report just made by the Eagneer Of the State of
Kew York relative 70 railroads, shows that ulti-
mstely the whole batch must become barkrupt:-
The reports OF the present year show increased
ense In operating the roads that OF the preceding
year. An examination Of the reports Of humber Of
railroads. in New England and where shows for the
st i've years annual increase ia their cost OF from
Two 10 i've per cent per annuuan increase in their
eepts OF from twelve TO twenty per cent and increase
nf FRO mt N fort
anDum
TIE pc, cent of current expenses, according TO
shs shows &C increase double that Of tina in ere ase
NJ receipts A. this rate il win not require very
EIes. hand q. 6gures TO tell how long they can CON-
tnue IN operation. l, has been belief for long
tine that every railroad IN tie country must uiti-
nntely Decome irsolvent, and the State Engineer
confirms u.
The transactions at the Assistant Tressurer's
sfice to-day we're 80 folio ss:-
Received. s16d oo -
Paid Tor assay oihce 1677 80
baiabce..,....... ,o3Iioi4 Do
TIE steamship Baltic from this port for Liverpool
70 day, carried cut $4,000. TIE Cunard seAmar
from Boston next week will take on. q larger
smeunt, and the next Havre steamer will also take
cut Considerable. The closing prices for sterling
change today was 81 ao4 per cent premium, and
drawers were firm a. these rates.
The Ocean Steam Navigation Company Bremen
mel have declared q semi annual dvidead of five
Yer cent. The Manhattan Gas Light Company, q
dividend Of tso dollars per snare on the full, and
one dollar sishiy-one and naif per cent on the
scrip stock.
Yne Leather xanuisc:nren' Bank has declared
semi annual dividend of i've per cent, payable on the
lst Of February.
The transfer books Of ,ns Gslens and Chicago
Union Railroad CompanS having been pla ;ed 10 the
American Exchange Bank on Wednesday, the Gath
INST, viii remain open during the reminder Of the
week, when Trey win be closed until the % day Of
February next
The City Comptroller gives notice that the fourth
izssameht OF bIiding loan stock No. 2, due on the
lst Of February, viii be paid o. his Office, ths.
dsy, sfter which interest on the loan viii cease.
A. II. Nicolsy's regular semi weekly auction sale
al stocks sna bonGs viii take place tomorrow,
Thursday, ai ia O'clock, st the Merchant Elk
change.
me warrants sn.erea 81 the Ire su-y Depart
pens, Washington, OF the 22d instant, we're as foL
lovs:-
For redemption Of stock. .......... SIS, sos 90
For paving other Treasury deeH.......... l,ds9s1
Covering into Treasury from mise. sources 1880 os
For covering into the treasury from custom: siSs 81
For the war Depari nent ................ 37oIs 20
For repsying in the War Department. ia, los w
For the Navy Depa rinent .............. 10000 90
For tbe Interior Department. Is 916 VI
When It was announced that the Postmaster
General bsd given Mr.. Bacon, Of the firm Of Page,
Bacon Il Co.. Of San Francisco, permission 10 re
csive letters mailed In San Francisco, 70 their
respondents In this city xe stated that IL sas per
iec.ly legal, ana that I; generally approved OF
In this community. One Of our astute Wall street
cotsm poraiies having doubted the legality Of the
decision Of the Postmaster General, se publish
for me benefit OF the business pobs generally, and
Of the EN- nens legal gentleman connected with the
paper alluded to particular y, the Law on the sab