The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-05
FINANCIAL AND COMMERCIAL


FRIDAY AplN 40 +. N.
The stock market opened this morning bucyan., and
prices improved before the close the opening At the
6rst board Missouri 6s advanced u per cent: Delaware
and Hudson, Il Nicaragua Transit, ri Erie. "a Michigan
Central Railroad, u; Michigan Southern, u; Cleveland
and Toledo, u; Milwaukee and Mississippi, e.. Harlem
offered 10 day very freely For SINE time past this
stock has been quiet and prices wthou. much change
Western rare I'D stocks were quite active this morning
at better prices. As the advances, and railroad
traffic is again actively resumed shall increase
in the receipts of the prominent railroad companies OF
the West sufficient to confirm all thst has been said 10
heir favor Railroad bonds of the right sort are gradu
ally but steadily improving in market value They are
among the best investments Of the day. and not freely
pressed for sale. As peacs is concluded in Eu
rope and the people satisfied tina. they can
bring out their money with safety, shall ry
active demand spring up for American securities pa
ticuhry for first class first mortgage railroad bonds
Railroad bonds issued by companies Of doubtful cha
scer eRdored by companies repu'ed responsible have
had their day, for time, in this market. European
capitalists want first class first mortgage bonds, direct
issues by good companies, and such securities must,
before the present year passes away, command much
higher prices than those current. There not
many OF this character the market The absorption
for permanent investment is ng tenold faster than
tie creation, the appearance Of issues 1t will be
recoected that when 1t FIRST announced in London
that Russia had consented to ener into peace neyoa
rions active demand at once appeared for Ame.ca
securities and prices rapidly advanced The actual po
mitigation of peace must have q much favorable
effect upon securities, draw millions from their
present hiding and boarding place for investment.
After the adjournment of the board the folio wing
sales Of bonds and stocks made at auction by A. H.
Muller
90 shares Arctic Fire Insurance Company ss15 9sA
10 shares Columbis Fire Insurance Company. e8z
SO shares Ior!lard Fire Insurance Company. 111K
40 shares Merchants FIRE Ins urance Company. 125
20 shares Excelsior Fire Insuranee Compsny... 1O1h
"a shares st. Nicholas Fire Insurance Company OK
10 shares East River Fire Insurance Company. 96
25 shares United States Life In ,urAncs Comply. es
20 shares United States Fire Insurance Comply. 1914
At the second board there active market and
better prices ruled for all the leading stocks vfginii
Is advanced y per cent; Erie III Panama Railroad i
New York Central Railroad, "a Cleveland and Toledo, J.
The market altogether better and there nisht
indication Of speculative movement.
The steamship Asia at this port from Liverpool brings
one weeks later intelligence from al parts Of Europe
Quotations for Consos show slight advance The Bank
Of England had reduced the rate Of interest loag
PAPER and shows also small increase In the amount
bullion on hand Cotton was without change, with
moderate sales. he~dstuas had fallen Of. With good
supplies the markets were dull There was not mach
activi y in the manufacturing districts.
The Fulton Fire Insurance Company have declared
semi annual dividend Of six per cent.
The following gentlemen have been elected drectsrs Of
the North American Gutta Percha Company for the
surg year:-E I. Starr joel W. White, VIM. Jarvis A.
B. Miller, L. r. Marsh, T. H. Buckmsster, n. s. Row
land, G. H. Penfeld.
At meeting Of stockholders in the Mineral Mining
Company Of North Carolina held yesterday resolution
vas passed unanimously authorizing assessment Of
12X per can't each share Of the capital ato,k payable
on or bssore the 18th inst All stock upon which this
essment not paid viii be forfeited after the above date
The Assistant Treasurer reports to day as follows:
Paid on treasury account. .,....... 5l,24l Il
Received treasury account. 134 92 81
Balance on treasury account. 1908, 054 48
PAID for Assay Office OBSERVATION-DISCLOSURES. 70 568 90
Paid on ciabursing checks. 81 I41 AZ
j. L. FgsIestsn, transfer clerk OF the State Bank al
Charleston, s. C., was committed to Jail Moniay,
Al are Of funds Of the bank 10 the amount of