The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-02-25
FINANCIAL. AND COMMERCIA
ION EY M A Il X Z n.

TUESDAY, REQ. 49, NJ
There was very achve movement in Eric Railroad
stock today. opened a sex and closed at 6oH per
cent The operations Of certain leading houses In this
stock are watched with great deal Of interest The
falling OF In receipts during the prent fiscal year have
been 30 large that feared some important changes
viii be necessary the financial programme In other
prominent railroad stooks there nothing new. New
York Central Railroad advanced per csnt Reading,
Mioaigln Southern, 4 cleveland and Toledo, Ch,ca
20 and Rock Island, "; Cumberland, 4; Virginia o.
declined per cont Illinois Central Railroad IN Cisve
end and Pttsburg, u; hlwsuke AMI hissssipp, 4. Ga
and Chicago heavy without realizing An actual
decline Michigan Southern and Cleveland and Toledo
were comparatvsly quiet this morning. will be some
time before either these stocks bold again very prom
rent position ia this market. New 'hng-youns, fresh
Vigorous ana not tainted with the odum Of fsnoy nnsn
cisrBg-wil attract pusc attention, 70 the exclusion Of
the old usedup corporations The Western Railroad
stocks based upon he Congressional land grants have
more attraction for capitalists. and have doubt
large will be drawn out Of the most inflated GLASS Of
securities and placed In Che most important lines about
being developed wisconsin and Iowa. There . feel
mg Of safety and security In This class OF nvesments
which does not ex, the old lines, where the has
already been enormous, and nothing 70 show for but
on, track and deoayed equipment. Tho Land grant
railroads In wsoonsn and Iowa commence under the
sent experience OF the established lines. They begin
where the others have len off, therefore sks ID
vantage OF oil the improvements for constructing cheap
and desirable tracks, bridges. dcpots, &c.
Al the second board there . very unsettled map
ket The general tspeency Of prioes upward, but
there wore exceptions Chicago and Rock Island,
advanced per cent and very lille stock offered 81 the
advance. The April dividend Of this company win be
n least per cent cash. SIX por cont has boon talked Of
but Il will probably be nve Ia Crosse and Milwauhic
advanced Dor cont The report Of this pany, Just
Issued shows 70 be Of the most productive lines In
the Western sssss'. Erie better this afssrnoon
Cleveland and Toledo, u. Milwaukee and Mississippi Rail
rosd fell OIL per cent Michigan Southern az Reading
n There Reports In The street today Tia, Mr. No
CALVIN, shs general superintendent Of tho Kse Railroad,
bad resigned. II hsrs Is any truth In the rumor. the
directors Of thai company may make up their minds
open the constructors account 81 oooe. Under less
careful less ecoeomSoal management The road viii no.
earn the contributions 70 The sinking fund, and Dc
believe that VII be SeHs This year under The mo r.
vorHbsc circumstances from his time out The resgna-
uos Of M McCanum viii n sbandon Tho road 70
he tender Of Get Of covmorans who have op-
posed him from tbe stayt In his reforms. We trust
The Interest Of The stookho,ders hs there founds-
ton Tor NE report
We learn Som Washington Sbss The Prss,dsns has signed
shs coinage bin, and Ma, 10 as~ NV. By this
Ne soers Of The Mint 70 rocive Ihe fractions,
rsxss Of bs spsaish dollar. quarters, eishshs and
seepshs. at par for two ycsr, In exchange for The
cent which the MINI viii coin rapidly - possible. A
the silver CONE alluded 70 already dsprssassd The
virtual premun u NE Mini ~ We exchange Of tho COP
per coin ~ par, and vhioh Win crcuiA par VIII have
ect withdraw the osecusnsble foreign coins ana
so substitute Tor them Ne vesy desirable now osas
TIE Afissssippi and nsoar Railroad Company have
dscred dvidesd Of -four pr cent On the ospssal stock
Of the esssr division q ne rosd payable On me lsh
Of March.