The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-01
FINANCIAL AND COMMERCIAL
EY ARK EFT.

SATURDAY, Oct. 3l-6 p M.
The stock market continues very irregular. The
amount of daily business il large but there is no de-
cided movement in any stock, either upward or
downward. At the first board to-day New York State
6's, 1873, advanced per cent; do. 1865, Ia; Erie
bonds, 1871, 2; Pacific Steamship Company, l Erie
Railroad, 1; Michigan Southern, preferred, L; Pana-
ma, l. Illinois Central bonds declined Ii per cent;
New York Central Railroad, 4; Reading, 2; Illinois
Central Railroad, 2; Galena and Chicago IL; Clcve
land and Toledo, !; Chicago and Rock Island, !.
There is life in the market and no new feature in
the daily operations. The brokers of the board and
the curbstone have the whole business in their hands,
and il looks as though they would have a complete
monopoly of it for some time to come
At the second board the market was much more
buoyant. Illinois Central bonds advanced l per
cent; Cumberland Coal /; Erie, !; Reading, J;
Michigan Southern, old, /; Panama !; Cleveland and
Toledo, l. Galcna and Chicago fell Off I per cent.
The Assistant Treasurer reports to-day fol.
lows:-
Total receipts so 10 ~
Io,a payments. loaeoS 90
Balance b'oo5so %
OF the receipts today 1924 IL were from Gus.
toms.
The Metropolitan Bank gives notice that the cir.
Culdlllg nOlcS Ol Troy tlty
credited, will be received on deposit.
The house Of winsow, Lanier & Co. resumed pay
ment in full this morning, and viii continue their
business as usual.
William walcott. Of Utica. has been elected trea.
surcr Of the Michigan Southern and Northern Indi-
ana Railroad Company, and George H. Ford, of this
city secretary and assistant treasurer, TO reside at
Toledo AZ soon rs the Offices be removed there.
The Philadelphia Ledger of the 3Oth instant.
says:-
The state Treasurer has Indicated very plainly 10 the
banks a this state tina, be expects from them coin SUI
lcicnt pay the semi annual interest the state debt
due LIT OF February next IN reply To letter Of inquiry
from the cashier ~ ~ the banks the Treasurer saws
-"under the power given To- by the irh section of
the suspension act Il Is my intention 10 ask the bank
furnish the state with amount Of coin sufficient pay
the interest her public loans each bank pay pro
portion capital stock, and TO receive from the State
therefor s own notes or the notes of other solvent
banks The sum required for interest purposes in
january will amount 70 about 81 900 600 The capital
stock q banks amounts IN the aggregate 10 about the
sum of $50 100000 II II be the pleasure OF your Rnard
~ aid her effort to pay the interest specie
draft on OF the Harrisburg banks will be received
for the your May dyidend " not, specie will be
cxacted for IT, az well a. for any Of the notes of your
bank which may hcreaftor be received the Treasury"
There seems this to BE- question as 10 the payment
al the State interest in coin, or Us equivalent.
The semiannual report of the Great Western Rail-
road Company, Of Canada states that the net reve-
nue. for the half year ending July 81 was col 1876,
ont Of which six per cent annual dividend on
paid up capital amounting TO f3,32i, la was de-
clared. The gross receipts for the year amount 10
f71sO37, against f6s7,5 for the previous year
The working expenses $50 per cent of the earn.
ings II voted, after considerable discussion. TO
loan the sum Of $4,000 10 the Detroit and Miwau.
kie Railroad Company to aid in the completion Of
their line. Arrangements were made TO repay n
lean of f7000o0 from the Canadian government, in
four equal nstelments, yiz:--July | 1859, January
and July / 1850, and January | 1850. The road Is
represented ~ in good condition. and great conf
dence expressed in its continued proftablcness
The following are the receipts Of the Morris Canal
Company for the past week and season. as compared
with the receipts to corresponding time last year.
Total to oct 10, 1856 ........ 1857 7p2 90
Week ending Oct. rs, 1s5e....... 1O1oo 40
-S26f ,se2 50
Total to Oct. IL, lS57............. s243,721 80
Week ending Oct. "a, ls57....... 4,e66 90
-s24s,3 ST So
INcreNe IN iS5I slp,5Oi "
AT the annual meeting Of the stockholders Of the
Orange and Alexandra Railroad Company last
week, committee recommended q suspension Of
work on the Lynchburg extension, in view Of the
necessity Of raising 81 900 for its entire compile
ton, and the pressure in the money market. After
long debate resolution was adopted in favor Of a
continuance Of the work. but leaving IL at the dis