The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-05
AND CO AMeRclAL


Tho s>ok market opened active and buoyant this
nornhx. All tho leading stocks wore In demand.
e bsster psioes The foreign news has been tho
rouGhly diseted. and the public mind appears to be
pretty. veil impressed with the beef that peace il
highly prsbabao; that the negotiations will sooner
or lnr lead 10 the desired result The simple fact
thai al parties have consented to negotiate is quite
conclusive that terms have been privately proposed
Of mOso favorable character than those previously
discassed- Peace Is certainly desirable. and II is
certainly not utterly impossible. 1t must come
some time, and we know of no period better than
the present All parties have had enough Of war,
saa all parties occupy positions enabling them to
nogstiate upon better basis than they ever
will ain should the present opportunity pass and
active hostilites be again renewed. The tone Of
private letters and circulars from the other side is
decidedly more favorable than public accounts and
there is already perceptible improvement in conf
dence. There ia growing disposition to enter into
new engagements An those fears which have
heretofore been entertained previous 70 the arrival
OF European steamers, have given way to a feeling
OF encouragement and faith. The steamers are now
looked for with confidence, aud with the belief tdat
fuOsre advices viii confirm those just received.
At the first board to-day, Illinois Central Bonds
advanced II per cent; Nicaragua Transit, /; Cum
bertrand, l; New York Central Railroad. 4; Erie
Railroad, d Hudson River Railroad, 1; Michigan
Central Railroad, 4; Michigan Southern Rlilr ,ld
IL; Chicago and Rock Island 1; Long Island l.
Erie opened and closed at $50 per cent, and there
vero good many purchaaes for cash. Michigan
Southern b moving up steadily. gradually, and
therefore permanently. There has Lately been
some large purchases VI this stock for out
siders- No speculative excitement has been
created, and it has been throughout shrew lily
managed This road will, b. the opening of its own
direct through line, and It's connections With Detroit
receive greater &C ession to Ia general business
than in any previous year in its history The COM
ptetion OF the Goshen line is like the opening OF
distinct road Of more favorable character in every
particular. II not only opens rich and pOpulous
sectaen Of country, but through route it vii be
invaluable to the Michigan Southern Railroad Com
pany. The Goshen line is, in fact the main trunk
Of the oOmpany's road. Although nearly finished, 1t
has not yet been OF any service Until the con-
nectsOn Is made, the through travel cannot
make it available. 1t il progressing rapidly,
and VIII be opened in time to add immensely
TO the gross earnings of the company this year.
GalenA and Chicago is not in the market
in any quantity. few shares are sold from day to
day, but it would be difficult 70 pick up few
hundred shares. demand for Eve hundred shares
would carry che stock up three per cent. Nicaragua
Transit Is about the frmest and most promising
stock on the list. There was large bear sale this
morning at 27. seller four months The sales to-day
figure up about four thousa nd shares closing steady
1t tie opening price. 1t is oor impression that .
strong upward movement win soon appear in this
fancy. r. has for its basis the position Of large
capitalist. The stock ahoat is not plenty and the
huvers option under contract, have reached . point
faas nAx1s 49, sharts par icularly circumspeot In
she1r 0perAtons. The recent - Hmllson River
hes ~ real basis The agitation Of the bridge ques-
toa in the Legislature Is the principal cause of the
inAAsioo.
The following case, which recently appeared in
the Supreme Court is Of interest TO those engaged
In negotiating railroad bOnds It appears that the
defendant received these bonds for the purpose of
aegosiadng a loan, but actually applied them to
private uses The greatest publicity should be given
70 such affairs, and all business men should be tho
rougbly posted up in reference to them
SUPRRIoR CoU4r--pRC2AL Tnx.
Allow B. Culver aNd otA7s GSdina Edr1d 6oty.-
IN. notion to v.eass oresr OF arrest The
lion brought in Nov 1856, for the recovery Of
6feen arst mortgage sonos of tho LsgAnsport Peoria
s.d Bariiogtoo RsI ~ Company Of ons ssoassad dol
purpose nfgotia ing loan Ut Eve thousand dollars
hersoo Tho plaintiffs sAegs that ths deierd Ant audu
feuty misspoed said bvDds 10 his and caused
hn 70 se arresea. The defendant moved to vacsse the
order Of arrest
Buswoe1H The afadavils on which the order Of ar
rest made state of action absolutely and posi-
Nvey They show that the defendant received the bouds
IN hdsoIy capacity, ard pvlna facie That he hA: ap-
Wits do not satisfy me thai Aver q member Of the
Arm OF Culver, Kent Co. that any authsrity
a. he O