The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-19
FINANCIAL AND CONNIE r CiAI-


eVshAt, Aprn 1851. NJ
The stock market cicsed yesterday whou. much AMI
e Ion For several days TIE operators the Board az
Brokers have been limited, bu, prices have been wlho1
mseris, ohspge. We have had curing the past week
tao or tbree arrivals from foreign rorts but there hes
been great dearth Of CALCULATED 10 give an ppo
tns to commercial transactions. From Eugirnd We havo
advoes OF declining cotton Market the sbseroe OF all
81 etula'ou In stock securities the abundance ard Low
price Of money ard v,sibie indication OF returning NC
tvi.y in mercantile matters From California we have
the usual semi monthly remittance Of geld but no news
OF importance relative TO bGslsss sfafs within our
lmss nothing Of financial commercial character
o" Importance has rsnspred. internal nav salen has
been pretty generally resumed and the movements Ct
produce from the interior tho seaport markets have
been quite active. Prices for breadstuffs rule g,
such low POINTS that water convcyancs is the only
mode Of transportation that can he rcsor.ei 10
The pceponement Of the opening Of State canals from
the 2h to the 2sth inst, has teen disappointment 20
produce Dealers md served TO temporarily sten prices
We cannot lock for much activity In business generally
until navigation IL fully resumed. This Is particularly
important this season. In consequence OF tho necessity
OF avoiding a. much possible all expensive cen
veyssoes for al eorts OF g'sn We shall feel serous,y
this year the want Of The canal enlargement The rail
roads havo reduced to the lowest living points tie rates
Of freight and they still high to be svsiod Of BY
forvders We 10 not that any further decrease in
railroad charges can be madc. But for the necessity Of
gerg produce out Of the hands Of growers and rotrr
70 market for the purpose Of getting the :hnory o.
busrets once moro iu;o active operation, It would be
better for our railroad companies TO iy up Their rosht
end wait the return Of better tims In little more
than siNy days shall have the new whcst crop hkr
vested and the yeli bis fair be oven greater ,baa
that OF last year. Tho bulk OF tho old crop a
stn IN first hands, and the accumulation is likely
must continue to rule very low points, and the only hop,
Is IN foreign demand arising from deficient harycsls
The carrying trade Of the country must therefore lie
lacd much possible 10 water navigation FroigLtug
between the East and the Wcst will be forced almost en-
TREY upon our canals and great los, 10 tho Injury o.
those Ees OF railroads which have oepcaicd upon uans
pcration Of merchandise and produce. Trey bld much
better DO nothing than cut their track and ruunrg
gear by carrying freight at losing rates
We understand that Mr.. LathsIs, an active aud prom
rent director OF the FRO Raj road Company, vii s5on &c
Sign. II will be reooec,ed TIM, hi, gentleman exeTted
himself perseverirgly during the srs OF tho company
TO obtain subscriptions 10 the required loan, unlortGey
without SUCCESS and his resignation arer No.
Moran return from Europe, may be taken evidence
that h las abanoued AL hope of saving The from
the hsnds o. the bondbo iers We fear that must up.
mE,ely be tho result Of the prcssn, financial dioGlss
The leo dssrsson oft paI, management g. ihc South
Michigan Railroad, and tho csoris msie by each
patty 10 relieve himself from oonrure rapidly bringing
out points nom which 10 Wow It's singular financial
pos on. Tho old facts simply rcolj from tone
TO tire, ard every stocishoider familiar with thom
What Ia Low wanted Ia simply perfectly harmonious
beard. IL mainly from want Of that and no, from
paItcuar acts CT tho past ard preJou; manage mon
that the sto khoiors have found their property much
Diminished In nominal but not In real value. Tna has
not changed 20 much, and urdcr harmonious
naecm,nt would largely and rapidly appreciate
moro fOrtgnste period 10 fund The osiag deJt could
be presented, and with assurance Of economy ant
vigilance, sugur the most fay5rsb,o results 10 Ihe
stockhoiors. Tho busnos of the roa u large, md IA
oveor, that what Is aonc wanted " harmonious bosrd
that will agree end act upon such free dis
eusson ~ show TO be the best calculated 10 bcucn the
stockholders. The guaranteed stock may dividend
next year. and wih that attaches the right fos tn por
cen, Siydcnia from The date Of creation vhctavcrths
nnsroes Of the company show that earned. To- Old
stock must waa for dividends until thsi is lsIudaed
scch The clear intcnos cf e parties who created q,
ard such uncrpcct at that period, and On ira,
guarantee thai V was consolicaicd
TIE cxpotston Of specie from this pr, at vcak
small notwithstanding the departure Of three EgrUpcan
stcsmcrg:-