The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-04
FINANCIAL AND COMMERCIAL.


SUNDAY, FoO. - r. IA.
The stock market closed yesterday firm at our
quotatiooa. The spirited movement realized on the
reception otthe foreign news became little sub
dued, and operstors content to wait the arri-
val Of tho Arahia's mails The sales Of stocks on
Friday and Saturday unusually heavy, the bulk
Of which was at prices ranging, on an average, full
ono per cent above those previously current. we
have not yet seen the effect Of this European inte
gence on outside operators 1t cannot be otherwise
than favorable. Previous to the arrival OF the
Arabia there was q growing disposition 70 hoio
stocks for the opening of the spring business.
Independent Of the feeling created by the improving
prospects Of peace, there was growing confidence
in the future based entirely upon our local pros
perty, which would have become, unaided
by any foreign influences OF favorable character,
sufficiently strong to have given an important up
ward impetus to prices. The probabilities of peace
win do much towards strengthening and consolidat-
ing this speculative spirit and give it activity at an
earlier day. Our domestic finances are in such
healthy condition and trade is likely to be 80 remu-
nerating. that the means for temporary or perma-
nent investment in the prominent stock securities of
the day are at present abundant, and likely to in
crease with great rspidity. There must be, before
TIE expiration Of another six months, vast accu-
mutation Of capital in the hands of the commercial
classes. portion of this capital will be- for time
employed in stock speculation, and portion win be
placed In the best class of securities for investment
We have not looked for very active movement in
the market for some weeks, but if future arri
vAls from Europe confirm the advices just re-
ceived, and the probabilities of peace become
stronger activity may be realized much sooner, and
prices expand more rapidly than we have anticipat
ed. The future is full Of promise and we hope of
peace.
The expectation of specie continues limited. Since
the active expectation ceased last year We have added
several millions to our domestic supply
SHrMKND OF SPECIE PoRr NEW YORK.
snip samuel Russell, American gold. 81 055 90
schr Tinker, rrini dad douoloons. .... 10s4 SO
sesmship BATHS, Liverpool Mexican silver. s4442 90
90 90 Enghsh DO y0 w
Total for me week ..................$ %, soi So
Previously reported 1o4, 1884 so
Total, 1860 .sl42. 1886 20
The articles of association of the Park Bank will
be at the City Bank the 5th and 9Th inst, for the
signatures Of subscribers to the capital stock. Sub
scption books will be at the same place at the same
time.
A. h. Nicolays regular semiweekly sale Of stocks
and bonds win take place on Monday, the 4th inst
at la o'clock, at the Merchants Exchange. Some
valuable railroad stocks will be offered.
The Michigan Southern and Northern Indiana
Railroad Company gives notice that on and after
the frst of March the new consolidated sinking
fund bonds of 1855 viii be issued at par in exchange
for any Of the bonds heretofore issued by the Mchi
gan Southern and the Northern Indiana Railroad.
The gross earnings of the Michigan Southern and
Northern Indiana Railroad Company, during the
fiscal year ending December 81, 1855, amounted
10. Observation-Disclosures. so sos $50 %
Total gross earnings previous year,
\loo4) ~, l0o,3ii 81
Increase in 1856 equal to 20 per cent $437 3ls 81
In circular issued from the Office Of the COM
pany dated January Is, 1856, we find the following
information relative to the present and prospective
operations Of the road
The following . statement Of the income account
since Last report, viz
Dec 81 To operating expen,es six mouths s7ss 1854 %
" Interest bonds and accounts. 203, 261 81
g General expenses, taxes and
agencies. 7952e 80
g Sinking fund, FOR redemption of
bones OF 1855 .............. 10000 90
" Dividend, per cent, psysble
TINS day IO4,l5o w
Balance. NEUTRALITY-SUSPICIOUS.. 170,344 85
1856 sI.4s6, AIT SO
July l. BY balance per report of this date S77s5 40
q Earnings. mos to 3lst Dec.
Passengers. 1904 ,3i1 ~
Freight and miscen.-
ne ,us........... 90 5e6 ~
MAIL. Zu,SZo 10
1895, 1872 II
1855. 81 1885, AT So
count ..................... sI7o,344 s5
TIE Company have expended during the past wear for