The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-14
FINANCIAL AND COMMERCIAL.


THURSDAY, May 18-6P. NJ
There little business In stocks 70 day, bu,
prices irregular and unsettled The principal changes
wore In favor Of an Improvement. There were free
sszsers o, some Of the lowest priced fances while the
good stocks operated only 70 Q moderate exent
There several small lots OF Pacific Steamship Compa
~ stock sold This morning opening es and closing 1t
eeA per cent The last annual report of this company
nos satisfactory anticipated The reported surplus
s quite small In view Of the extending contingencies and
good deal Of stock is likely 10 come upon the market:
New York Central Railroad unwarrantaby depressed
by the probable damages resulting from the rscent
accident few days will withou, doubt show about
What The actual extent will be, when may look
for . restoration OF market value In the stock.
Reading improved the opening, notwithstanding
che large sales. Panama Railroad ID not operated In
much, and does no. vary IRON day 70 day than
fraction In view a the large net earnings o: this
psny, and We large dividend guaranteed the market
Price Is TOO low 10 bring ouI much stock. Western rail
voad stocks generally not IN favor Just The
monthly reports Of esrnugs not ut all satisfactory
Most Of them show large redu ons gross receips
nh reported That the ourrex expenditures have been
much reduced; but II must be borne in mind the
tarr Of freight charges has also been redu, cd and that
nsa question n the net income each line Ia not less
IN proportion 70 the gress recss than former years
The railroads Of the West carrying produce for almost
scshing, add they certainly cannot be making Any
1oscy The great abundance Of bullion in the backs
docs not appear 70 exert q favorable inc lsrce
upoo prices for fancy stock securities. mo do
n.nd fw hrst class stocks Ia active and steady,
end the sbscrpasa goog ali the time 70 extsni
that nus ultimately enhance thsr market value mate
rally. Speculation IN the low priced fapces for some
tine psst has been OF very moderate chuaser, but
more stock mas been taken % the during the
past ninety days than during the whole Of the previous
tvevs months. The easy money mrkst has enabled
buyers pay for iaeu stock and keep without sacrH
IN the shape OF high rates OF ntcrcs; II very ittle
70 carry Stocks and small advance low priced va
rietes pays better than any other way Of employing
soosy. The dnicuhy Of making capital productive In
ocnssquspoe q the unprecedented plethora MARKET
- forced many capitalists into the purchase o, stocks
end Afforded unusual facilities for hypothecaing anything
IN Ne shape Of stock security The list 10 business
matters Indications OF returning activity Prices
fcr all kinds Of produce range 1t low points, the de-
sAnd IA confined principally 10 The wants for domestic
saasamptou
the second board the msrket was more suoyHnt and
mech active. There was pretty general disposiaou
isrurchass, and IN socu improvemept was real
iSsd New York Central Railroad bestsr; Erie, ";
Rsdson River q; Reading, y; Panama, W Galsua and
ChcAgo "; Chicago and Rock Island, " Panama sold
- iop per cent. buyer 90 days fscIae Steamship Com
p>sy vss 4 lo~er, CLOSING NJ 90 per cent Cumberland
len or a, ~, which an advance Ia Crosse land grant
bonds sold G 3tk siz per cent n IL pretty well a.
oer~iDed thai The Eastern direction Of this road viii be
ssssaipsd 81 the uert election, thss al their saancla ar
fragments vil be carried 10 successful ooueiusion and
che completion Of the road 10 the ssslpp line secured
before Me close Of navigation.
The Steamship star Of she wes al this part from As
pnws, brings 81 sl5 3si % In cslfois gold, being the
ssmnAnce from San Francisco Of April 20 Receipts of
Gid san Francisco N the interior we're large show
III treat activity at The mines Tue amount Of treasure
red Up 70 April Is, This year was sl9 2z3 sso against
si2lS'oso 70 The same do last yesr-sh,sine 40 In
ssease Of o. ,o2e, 600.
The Aal deposits al the branch mint Of Nee oresss in
April sn<nnsed - ssee 42e a. sod "a. ,,.s c,.r, q,
sssc.oce
The kechA1ics Insurance Company ef BrootIyr fuos
NE Merchants as stated yesterday b,. declared s,,
dsnd of seven pc cent, payable demand
The Eanssctos at The Clearing House 10 asy were a,
scno~p;-
80 tAcDAkee on i
seai teetoNe l,lslNs3 "A
ne fs.f a. q f,tt.