The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-29

There was rather dull market to-day. None OF
the leading speculative stocks were In demand, and
the amount Of transactions was less than we have
known for many days. The tendency Of prices Was
downward, but the decline was not near 30 much
as the inactivity of the market justified. At the
first board Reading Railroad declined per cent;
Hudson Railroad, I; Michigan Southern, I; Galena
and Chicago, !. New York Central Railroad sd-
vanced SAer cent; Cleveland and Toledo, 1. It is,
we believe the mention Of this company to declare
in few days, . semiannual dividend Of four pc
cent, payable at about the usual time. This has1
given great activity to the stock and improved its
market value. During the past three or four days
the purchases have been unusually large. New
York Central Railroad stock was more active than
usual to-day at better prices. The cause entirely
local, and cannot be otherwise than temporary.
Hudson River Railroad fell OF The bridge question
could not have had contrary effect on two roads
similarly Interested The construction of bridge
across the Hudson river at Albany would seriously
iDjure that city, while it would not be
Of much service to either of the railroads
concerned. The Hudson River Railroad never can
lie heavy freighting road. 1t has not facilities
its terminus in this city to dispose Of or distributor
vast quantities of produce and merchandise Greater
difficulties and longer delays would be experienced,
in sending away freight than are now experienc ed
and we doubt if merchandise coming from and going
to the New York Central road, by the Hudson River
road would reach the hands Of owners any quicker
than by the present modes Of conveyance Rail-
roads terminating upon the island of New
York never can do a large freighting bust
ness. If they place their depOts at distance
up town, the expense Of getting to aud from
win be too great for the competition going on be-
tween the different companies. The construction Of
bridge across the Hudson river at Albany would
expedite the transportation Of passengers to and
from Boston and New York. It would injure Albany
by taking travellers Immediately through that city
instead Of stopping there. 1t would not help the
passenger traffic of the railroad companies concern
ed for that route between the East and the West
gets now all the through travel it can command
under any circumstances Recent returns Of the
New York Central Railroad Company show no in
crease in its passenger business. The increase in
the gross receipts of that company is almost entirely
from it's freighting business which is known to be
on all Eastern roads poor business at the best The
firmest stock on the list to-day was Milwaukee and
Mississippi small lot Of only ten shares sold at 1854
per cent. The stock is scarce, and large quantity
could not be obtained without putting mp the mar
ket far beyond the present views Of buyers. BY and
by they will get more used to high prices and then
they will regret the loss Of present opportunities.
Our duty is performed in directing the public mind
to the most promising investments Of the day.
Chicago and Rock Island remains firm. The daily
sales are small. This stock can safely be put down
as permanent ten per cent investment. The road
earns much more than that, but it is carefully
managed and proper reservation made for the re-
newal fund Such policy guarantees permanency
in the payment of fair and satisfactory dividends
Michigan Southern was lower to-day, with limited
transactions Holders of this stock know that they
have one of the best securities in the market and
can calculate upon annual ten per cent dividends
about as confidently as they upon the rising Of
the sun. Such stock may be temporarily depressed
two or three per cent but it is to up again
10 its proper level.
At the second board the market was steady.
The transactions in Cleveland and Toledo was
large, without any material change In prices
Nicaragua Transit fell of to l33 per cent-a decline
of II per cent within the past two days. Erie was
quarter lower this afternoon. The market at both
boards to-day was dull. There is evidently move
ment going on in Cleveland and Toledo, and that is
the only stock on the list at all active buoyant Spe
culators are anxiousIy waiting the appearance Of
the Erie Railroad report. All sorts Of rumors are
aoat relative to it's points and suggestions, and we
want something of an official character 1t is sus-
pected that between two hundred and fifty and three
hundred thousand dollars are required for expend-
| ture on construction account. This will take 30
| much from the net earnings
The Assistant Treasurer reports today as fol
| lows:-
Paid on Treasury Account sloe ITO %
R Rss~cs ..........''.e s1 LIS lis o. o.
Paid for Assay Office. .................... 2os5 rs
Paid discussing checks. 29,0S0 36
| The payments include sos 900 on California
drafts and the receipts include SIS 900 for transfer
drafts on Boston, and SIS 900 for transfer drafts
| st. Louis.
The warrants entered at the Treasury Depart
ment, Washington, on the 26th inst, were as fol.
lows:-
| For thu Treasury Department ........s27,s4 2 II
For the Interior Department. ............ 1898 90
T war rsrssns: received and entered 1SSsS 90
War repay warrants received and entered... 2sI5 81
Interior repay warrants received and entered aSsS
account 81 Ii.
| The annexed statement exhibits the quantity and
value Of foreign dry goods entered at this port for
consumption, for warehouse, and also the withdraw
ais from warehouse during the week ending and in
Guiding Thursday, March ~, 1866
MOVEMENTS roRE.oN DRY GOODS
Entered for C0nsuppfsoH
Quantity. Vdlus
Manufactures of wool. s63 $685., 655
DO. OF cotton. .......1 ,675 356, ESQ
DO. Of sik............... BOG 675, Gao
do. Of hax...............1,2l7 267. 49,
Miscellaneous. ACKNOWLEDGEMENTS. 44 l96, O65
Withdrawn from Ware1ouse
Manufactures Of wool. ............. 81 e,4s5
DO. Of cotton 239 48,047
do. OF silk. 220 40, 694