The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-30
FINANCIAL AND COMMERCIAL,
M ON EY RK EFT.

M II N A II * Il II.
FRIDAY, Aug. 29-6 P. N.
The stock market remains without material altera
ton. There was more activity to-day but lower prices
ruled for the leading railroad stocks. At the first
board, Reading Railroad declined per cent; Michi
gan Southern, Il Cleveland and Toledo, l. Gaena
and Chicago advanced per cent; Milwaukee and
Mississippi, !. There were large sales of Reading
and prices fell of from the opening. The deficiency
in receipts, compared with last year, is very large
and it is the general impression that the business Of
the road will during the fall months be much less
than last year. Until within week or two the
friends of the company anticipated a partial
recovery in earnings during the last three
or four months of the fiscal year, but such
hopes have been abandoned, and some Of the
largest holders have been free sellers. Cleveland
and Toledo has sold largely during the past two
three weeks and the price has been pretty well sus
tanned. Purchases made now, buyer sixty days,
take the October dividend. Chicago and Rock Island
is about the stifest stock the list. On quite small
sales it has advanced full one per cent in few days.
The cause of this advance is the movement OF GER
tain large holders. The road is doing good bust
ness, but no better, comparatively than all the West
ern lines. Michigan Southern Railroad has been
quiet for some days. The advance realized about a
week since has partially disappeared. New York
Central is with difficulty sustained at present points.
The stock is held here in large lots, at prices con-
siderably above those now ruling, and holders
are watching anxiously for an opportunity to
get out without loss. The prospect at present
is a very gloomy one Since the Ward Coal stock
was put on the books there have been two opera
tons in it. Yesterday lot of fifty shares sold at So
per cent, and to-day fifty shares at 371 per cent
This shows advance Of "a per cent in twentyfour
hours. Illinois Central Railroad bonds have not
been very active lately Prices are fraction above
the lowest points The dulness is attributed to the
absence Of foreign orders. The depression in Pa
mama is most unaccountable The daily sales for
some time past have been only to moderate extent,
and yet prices have steadily declined. The fall has
been greater in this than In any other nlst class
railroad stock on the market. The last semiannual
dividend was six per cent in cash. Directly after
the payment Of that dividend the stock sold at l0l
per cent. II now sells at 80 per cent.
At the second board the market was dull and still
further depressed Erie fell of per cent; Reading,
/. At the close the tendency was downward, with
a very limited inquiry for stocks. The steamship
Baltic from this port for Liverpool tomorrow
Saturdsy-wil take out between three and four
hundred thousand dollars in specie. The steamship
Alma, from this port for Havre yesterday, carried
out forty thousand dollars in specie. The steamship
Illinois, At this port from Aspinwa to-day, brought
81 ,i6S, l57 in gold.
The State Treasurer of California, under date OF
Aug. 4, gives notice that be has arranged with
Wells. Fargo Co. 10 pay the July interest on the
State Indebtedness, provided il not paid in this
city between the 5th and goth Of July. 1t appears
by the San Francisco papers that the money was
deposited with Palmer, Cook Co. for this purpose
in the month Of May last.
The Assistant Treasurer reports today as fol-
lows
Paid Treasury Account slIl,ols As
Received Treasury Account. ......... 234,e52 90
Balance on Treasury Account. .soso az o.
Tag LOT nsr onee ra Al oas q,
The payments to-day include $4,000 for Cali
forna drafts, and the receipts include $4,000 for
transfer drafts on Boston.
The warrants entered at the Treasury Depart
nent Washington, on the 9th inst were as fol
lows
For redemption OF Texas debt ............ st43 90
For the Treasury Department. I3,oes 81
For the Interior Department ss sso o.
ON account OF The Navy 2ITo7 IS
Repayment on account Of the Navy 22,e1o "a
War warrants received and entered ... 1900 90
The earnings Of the Michigan Central Railroad,
for the third week in August, were as follows
passengers. s?I,a7 70 2s,ses As $50 Y
Freight. go. 1894 " 1893 "a l2,o3o o.
Total. ..... .sn, 7n % sp5eI y l7,ns 10
The Commissioners Of the Funded Debt OF the
city OF San Francisco give the following notice re.
la,ive to the payment Of Interest,"
SAN FRANCISCO err Bose
The undersigned Commissioners Of the Funded Debt
Of the CITY Of san francisco hereby give notice that they
prepared, and win ray ths interest due Nov 1856
in San Francisco, opoo nat portion Of the city deb,
with hall yearly coupons At the rsic Of 10 per cont per
snsum, and principal dos pay !, 1871.
wn HOOPER commis'nrof the
JOHN MIDDLETON, Funded Bcbt Of uty
henry hight, Of San Francisco.
WIN ~ LENT,
SAY FRANCISCO, Aug. 2, 1885.
The receipts, expenditures and outstanding loans
nv The Commissioners Of the Funded Debt Of the
City OF San Francisco, from June l, 1855, to May
81, 1856, inclusive, were az follows
r,SASers oy saw FRaSusco-Rsvrur AND ErFxyprrrHE.
Balance Of cash on band, per statement dated
May 81 sss. zoo soo
Leans outstanding nj That date ............. lBovo
Receipts.
City Treasurer. .....................szoo,VVo
WHARFAGE iPacidc and msrie, stree,
wtarves) .................. o,e54 ...
80 49,
krora .,,,,- ''''''''' '''0''
interest on bonds. .........s...s...s''. lso'.se
Bonds rcaSemen including paymcp, on
account OF the fee for prosecuting the
tiy's claim before the United states
states interest taxes and street assess.
ments en- property morigaged 70 tne -,
Board -. =; ,, 49,. ass