The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-05-28

egh, per cent ten millions stock just easy the
Central made i,s psymeDts with the last
year The Erie IS loreer ncn-dvisend earning
Dividends will &c resumed in October and 60 regu.
arly hereafter In about thirty days half dozen
leading railroad rAnies pay their semi.annuat Gvi.
depds Of them four but most OF them v per
THIS, ee5usd from the present msrket Ta'ue, reduces
tie to points which capitalists hesitate to
holi
After the adjournment Of the board the following sales
CT bonds and stocks made at auction BY Simeon
Drsper-
S. 600 Clsve pittshurg PR: Ext. Int add. 7e
2,osns Pacific Mail Steamship Co...,.",,,801 a67
. Ws.eItown snc Rome RI. ................... rs
~ fen-i IN Insurance Co....... eaA
20 Commonwealth Fire Insurance Co........,. 981
70 Metropolitan Fire Insurance. Co. ............ 81
Al the second board the improvement of the morsng
was wenHustained. There less disposition the
part OF the bears to sell and stocks comparatively
very buoyant feeling prevailed in the street.
and the effect Of FAVORABLE intelligence on the
market shows that it has within itself
strong sustaining power. Its elasticity Is illus
trate6 IN the rapid recovery from any depressing
influence We have mot lost confidence in the future
had faith in the rapid improvement OF every local
interest OF the country affected in the least BY the
ports relative to the Champion enlistment affair." and
stun believe that have immediately before period
OF prosperity unparalleled In our history. With
In the past eight years upwards Of Eve hun
dred millions Of gold has been added ths currency
the world and the addition Of such enormous an punt
to the basis Of credit and Ihs representative property
ultimately he felt in the channels OF commerce.
Eve hundred million OF dollars in gold basis for ten
thousand million of credit. An expansion TO that ex
tent could safely be made such basis and such an
expansion of CREDIT when in active operation must ra.
pidly ceyeope al the great interests of the world q.
large. War has for the past three years dsrxngsd
the natural operations Of financial and com mercisl
affairs. Gold has, during that time, been diverted
from its legitimate channels, and the effect OF
ita creation been almost entirely lost. Peace vii
bring all this back again into order and active use.
take some little time to get the machinery again in
erder but when once sgsin motion shall aftsr
feel the effect The productions of GOLD il going on
at the rate Of ore hundred million per This i'm.
meme amount is SO much actually crsatsd-so much
yearly added to the supply already In existence can
har y realize this fact imagine the es,t of such az
addition to the representative OF property among ell ia
ions The next fifty years. At this rate Of supply must
bring about great changes in the value of god and
Of property Of ali descriptions As soon Is the
circulation Of gold gets back into Its natural
channels again, ehAu begin to see the extent
Of the supply. We shall then realize tbs extent
Of tie accunulaticls, and it appears us that so
long peace Is preserved among civilized nations the
vaius OF money must gradually but steadily decrease
The steamship Asia. from this port for Liverpool
morrow, Will take out between and eight hundred
thousand dollars In specie.
The Assistant Treasurer reports to-day % foliows
Paid on Treasury account.............. $46b 0S
Received on Treasury NEUTRALITY-SUSPICIOUS.. 1876, 236 96
Balance on Treasury &C 'ount $3.50 40 o.
Paid ior Assay ohce. 183.366 SO
PAID en- cisbursng CHECK s.............. e6,167 Il
Tho receipts oday include $50 0OO transferred from
the Pkiiadelphia Mint.
he warrants entered ct the Treasury Department
Washington on the oath inst, were As follows :
For the redemption Of siccks S23 s78 9e
sor the treasury department 1927 81
For the Interior Department. 8,430 %
War variants received ana ent.sed. ssssY 10
War rersy warrants received and entered 402s 7t
From miscellaneous sources. $50 u
At election held at Norfolk, Va, the 900 nst It
voted BY large majority subscribe 100000 70
aid in the completion of the Norfolk and Petersburg
Railroad.
The City Chamberlain Mr. Stout, President of the
Shoe and Leather Bank has entered upon tie duties o.
the office.
1he circular Of De Coppet Co., prepared to- traaa.
mission abroad By the steamship Asia gives the annexed
review Of the stock market for tbs past week.
In State stocks the principal business has ssen Mis-.
souri es and Virginia 6s At fractional rise California
"a more offered, have been sid per cent lower.
City ard county bonds have what recovered from
tn, r previous entire nacon There have been 30 OF
sen Francisco 1913 at small aavAnot AID also retail
for some 81 the Kentucky county bonds.
Railroad sonds continue vey quiet At private safe
there have been tie transactions in Msauke and ns
sasip LIST 81 section ct easier rates At the
Stock Exchange he only sales Of impor nave
Of Illinois Central Construction per cent advances
and Of Illinois Fresland bonds at 4 per cent adyatce
Erie LIST mortgage have risen IL per cent and New York
Central IS per cent, with few transactions.
In railroad The rise general ana uuImp ortsu
Erie, Cleveland and Toledo Reading and New York Geo.
tra have been the most active There has oesa
OfUQY Ue rnor in wHf haoy
sure recovered from Its heavy fall.
Money ia easily obtained st per cent for loans
eau. Paper without any material change, from 70 10
Exchanges on Europe close wssker than sy tn. last
packet, especially London, principal sales being at
lc9K 1898; Paris, 5.1eas 6.17K.
The steamship Baltic. at this port from Liverpool
brings our days later The sdvcss are Of very
favorable character. Politically there ID nothing iupor-
tant. Financially and commercially, It is encouraging
end sAtissctory Quotations for Consols show IN I'D.
vance Of per cent: the closing price By the previ
Gus steamer was, OK per cent by the Baltic, 9s,I
9SK per cent. Money WAS more abundant, without
change In rates. We have returns from the Bank Of
England BY this arrival, but should judge from the
large arrivals Of gold in Londonom Austrs that the
next weekly report would show handsome increase In
bullion. The new loan progressing fAvorabiy The
official announcement that the government would want
only two millions more and that until the beginning
Of next year, gave upward impetus to the London
stock market, and consols immediately advanced The
movements Of specie in London during the wssk ending
May 10 were a. iollows:-
The imports have been by tho Dolphin from Ant verp
10 cases euli n the Cambria (s), hon Amerca s512
or fe00O0 the Retriever (s) from Afics $3.50 ounces
OF gold, or fl0 000 the Statesman from Melbourne,
~ 1913 ounces gold, or G66792 the Thames, from Gee
vpg, Al 7SS ounces gold, f167 1884, the Abstros fro
Melbourne, e02 ounces gotd f75 CO.'S the Ellon-
borough from helb,utne 1875 gold or G5s4 the
washington (D from America 1880, 00O ESQ 00o the
Madrid ( from the Pennsular, Ga 1872 the Baron osy
(s) from Antwerp, 81 cases bullion.
The exports have BEEN By the Ava (s) for Alexander
and Egypt seas 1o2 Of which f22 51dwAs In gold ana
". remainder N silver Qyidsa y follows; gold to Alex.