The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-23
FINANCIAL AND CONNER cIAL.


MONEY N NIX Mt.
TUESDAY, April 22-6 p ".
mere Wa very active stock market this morning.
In. the tendency Of prices downward Large sales
made Of al the leading railroad stocks, particularly
NOSE OF Western companies. At the rst board Illinois
central bonds declined = per Y. Y Central Rail
road, NJ Erie, al Reading, q Michigan Central, u;
nshgan Southern, ~ Cleveland and Pittsbarg II Chi
ego and Rock leland, n. Virginia s's advanced per
cent, Nica-sgus Transit, Y; Panama, X; GalenA and
chicago, "a Cleveland and Toledo, Il. The books of this
company open the 18th inst, and look for very
active demand for the stock before that date to
meet short contracts. The stock is not plenty
aid prices must advance. Reading was active
ms morning, but prices The bears
viii have their way in this stock for time as soon
the coal business opens the season new buyers
WI be attracted, and without doubt advance
realized. There business in Galena and Chi
cago to-day than usual, 1t better prices. Michigan
Hcuthern and Michigan Central little heavy with
snail sales An advance in both Of these stocks is be-
pond doubt before many days pass away.
Aher the dournment Of the board the following sales
Of bonds and stocks made at auction by Simeon
Draper
$4,000 Ceve and Pitts RR. extension, in. added 7ax
90 sns commonwealth Bank. .................... 90
ne Mechanics Bank OF william sbcrg ........ 56r
70 Enterprise Insurance Company. ............. IS
material change in prices Cleveland and Toledo closed
firm and in demand at s3s per cent being advance o,
per cent the closing price at the first board There
particular demand for other stocks Galena and
eh1cago was quarter better, with the sale of only
eighteen shares. There . sale OF 900 shares OF
Enc this afternoon, At Soy seller three days. The
ket throughout il firm and the bears ind il up hi
- get IN their shorts.
The Assistant Treasurer reports to-day follows
nmS
1poeelvea 40. ....-,............. ~, 5o2 %
lance 90. .................ss26 61e 81
Fsd on disoersiug checks ............... oO5sO 50
Mr.. d. Pesrsal has reelected Presi ieLt OF the
Second Avenue Railroad Company, Mr.. D. NJ Hughes
elected Vice President and Mr. John OBrien Treasurer
Under This administration there is every guarantee that
10 affairs of the company will be well managed SO far
the finances concerned, they could be in bet
Bar hands. Both bonGhoders and stockholders
vest assured tia. doar viii b paid without
receiving itE equivalent in some shape
The Unioz aL bis city has declared a serai-aunual
dividend a. e- cent. The Oneida Bank of utics has
declared auauAl dividend of FIVE per cent; the
Meriden ~oEnl Bank a semi-snnual dividend of four
per cent.
The Interest coupons the second mortgage bonds
The Toledo and illinois aud Lake Erie, Wabash and st.
Louie Railroad, due the LIST Of Nay, will be paid
tAst day the banking house Of E. Whitshouss Son
Morrison, No. "a william street.
The following remarks relative to the construction OF
tAe remaining link the great middle route between
~ Atlantic and the Mississippi river, appeared few
days since in the columns OF cotemporary:-
charter has just been granted BY the Legislature of
which is designed to form the ast link nesaed to
connect the West with New York BY what is termed
Ne. Jersey Central. aIa isSh Valley .0i psnp, 7, s
Central roads, &c. Another route from Allentown to
Auburn, to connect with the Dsuphin and srsque.
Aa and tneue N Ia Lao nd
charter tor this route obtained time since.
he same ohiect-connectng New York with the West
ton should be made of great importance to the pub
H generally, and to this city in particular ia Of
country, and SO short gAp-ony about thirty mes-n
otherwise continuous line, reaching from New York
plsed but OF these roads is needed behoovss
TIE parties in nterest-those connected With the roads,
ne M Of this 9spso he stter and Alter
deciding upon which the cheapest and most fea,ibe
project 70 concentrate their efforts upon building has
Ina rather than BY divided efforts fail to the
petion of either Which Of the projects has the mos.
nsri we have not, at present. the data which to
Scrm an opinion but Of great Importance to New
York that one OF these roads should be built and that
speedily.
Both Of the routes alluded to may be feasible enough
bat only OF them is required. The construction Of
both would divide the travel the injury Of each other
Ons sufficient and the that takes the strongest hold
spoa the public mind viii attract the most capital
- constructed at the earliest day We agree with
eoenporary In all he says about the great middle route
20 the West but decidedly opposed to the construction
sf competition roads any part Of the line They oure
each other without doing the public any good We snau
heartily advocate the immediate construction Of OF
these roads and for the protection Of the interests Of ALL
oppose the construction OF the other The great middle
Ioute is destined TO supersede all others to and from the
West far the city Of New York is concerned, and
al the links in the chain forming that route should
- properly nstrue.ed, properly managed and
and properly located to insure the greatest
e6cieney and expedition in their operation Web
saptL to throw away upon visionary projects upon
experiments and Is therefore necessary to concentrate
upon the most feasible line and carry
SDrward At once to completion. A few days viii,
us decide this point for time should be lost in open
NJ this important route to the Aiesissi2pi river
The Ohio and Pennsylvanis Railroad Company, the
Ohio and Indiana Railroad Company and the Fort Wayne
cd Chicago Railroad Company, forming together line
e 466 males in length 10 oe auaga mated into
ssnpany under title of the Pittsburg and Chicago
Railroad Company. Authority has been obtain from
~ State Legislature for the union, the stockholders
- the respee i've companies to be assembled to
TIN their sanction.
The annexed statement exhibits the quantity and IN
the value Of manufactures &C. exported
hon Britain 70 the United States during the
n,snths ending March 10, 1855 and 1856
hroR1s INTO THE UNITED STATES FROM GREAT BRITAIN.
1856. 1866
0stton yarn bs.............. 22S4 1064IT
0uttnn thread ........... 70, 50I 4O5oo1
soften sundries yds.'.. d.4,el Sl625l
CANOES, printed and dyed sisas s7s,s s sls
CAmbries and muslns. ....... S07, 923 1856 822
Cords, jeans, fuatians, velvets
Lace, game net and crspes. 45oa,3s2 1os686al
Unornsmsnted cotton goods. 1884 1921
Linen and cotton goods mixed 2Z3,o 5S3 478