The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-07
FINANCIAL AND CONNER GAL
n ONE Y M A n X r T.

The quotations current for stocks to-day show
slight improvement. The most active movement to-
day was in Cumberland and Erie. In each of these
stocks there was An advance. The transactions
unusually large and operators for rise in each feel
confident OF putting prices considerably above those
now current. In Cumberland Coal the sales to-day
sum up nearly two thousand shares while in Erie
the sales were nearly four thousand shares. Most
Of the other speculative stocks were quiet without
much change in prices. Pacific Steamship Company
recovered partially from the decline of yesterday
and was in demand at the close at better prices New
York Central Railroad was not at all active but well
sustained, with an upward tendency Panama was
firm, and closed strong at 9ii per cent cash.
Gaena and Chicago opened at so, and closed at SOY
per cent cash. This company have prepared circular
to the stockholders, which sets forth the condition
OF the concern, and shows very favorable state of
things financially. II will show that in passing the
February dividend the directors have consulted the
best interests Of the stockholders. The net earnings
FOR the past eight months have been over nine per
cent upon the stock al when il is considered that
this result has been accomplished Notwithstanding
he unparalleled financial rcvulsion, and the conse-
quent falling off in business il certainly argues that
the management has not been unmndful of the trust
to have very few friends at the Stock Exchange
The internal quarrels and brcs have destroyed pub
r. confidence, and we earn that several of the larg
est Western stockholders have sold out. Reading
Railroad stock appears to be much neglected. The
coal tonnage last week was IL 72l, and the total
this year ls6,G2l tons, against 235 ,lsi
10 the SINE time last year. Missouri
State skies were in demand this morn
Oh
main unchanged. Railroad bonds are daily taken in
small lots for investment. Illinois Central and La
Crosse land grants better at the board and
not pressing on the market, At the first board Illi
nos Central bonds advanced per cent; In Crosse
land grant 1; Cumberland Coal, |; Pacific Steam.
ship Company. /; New York Central Railroad, 4;
Erie, 4; Panama, /; Gslena and Chicago. ]; Mil
waukie and Mississippi,4. Michigan Central Rail-
road fell of per cent very small sales. At the
second board the market opened and closed very
strong. Pennsylvania Coal Company advanced IA
per cent; Panama Railroad, 1; Galena and Chicago,
4; Sixth Avenue Railroad, 2; Harlem, l. Pacific
Steamship Company sold up 70 6lI per cent, cash.
Missouri 6s were little lower and closed at s23 per
cent cash. Panama was in demand and Is per cent
was freely bid There is very little Of this stock in
the market while there are quite number Of orders
for purchasing.
The Assistant Treasurer reports today as fol.
lows
Total reoepN. l6Oll3 20
ene''''''''''''''''.'''' '''''' ,ssoSl II
palance.. 3,lCSS1 IL
The receipts today include esq 900 from customs.
The steamship Fulton, from this port for South
ampton and Havre to-day carried out sss3 .esl IA
in specie. The closing rates for sterling exchange
by this steamer were ~ TO 10 per cent premium.
There was not very large business by this packet.
The exchanges at the Bank Clearing House this
morning were sl3 2O4 1906 &C. and the balances paid
amounted to sGo9,s36 q.
According 70 the books Of the United States
Treasurer there have been issued in Treasury
notes
on the denomna.On Of 500 ........."...s,2 ~. 500
otv.s..ss.. .......... l9Il,VJ0
iiNV's''ssss.ssss.... loso,vp
ro,., soo.- 40,
The Hartford Times Of yesterday states that Mr..
Capin is a dcfaulter 10 one Of the Willamette
manufacturing companies TO the amount of forty.
five thousa I'D dollars
The insurance companies Of Milwaukee are hold.
ing their elections and declaring dividends The
Merchants Mutual declares dividend OF 10 Der
cent scrip and 5 per cent on the guaranteed CAPT
Merchants and Traders per cent, and the United
States Marine and Fire, per cent. The division of
profits Of the Alliance, Phoenix and Mechanics Mu-
tua il not reported. The old Milwaukee Mutual has
not made it's report.
The railroad securities Of the cities Of Pittsbnrg
and Allegheny have fallen in the Philadelphia mar.
ket 10 between 40 and so. The Philadelphia Led
ger remarks
large portion a the liabilities Of both city and county
account OF railroad subscriptions which shares
in various roads were issued ana held by the
hortes OF the municipal corpors atoms The "a yment OF
interest stopped by the city OF Pttsburg i the ale
CATION that s inhibited by law tom raising the neces
sary means, though Is notOriously true that the pro
perry valuation is greatly below Ia worth The county OF
Allegheny neeecs or refuses payment u the interest
p bonds ess satisfactory grounds than the city
Of Pttsburg On the allegation % fraud corruption mis-.
Of funds NC refuses TO collect the necessary taxes
In The Of the city is understood the legislature
will be asked TO remove the alleged legal disability; and
regards the county, suit Ia pending, which, Is ex
peced will be prosecuted 10 Judgment determining
The liability Of rs authorities 10 levy the necessary