The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-14
FINANCIAL AND COMMERCIAL.


TUESDAY, April B-sP w.
mere Wa very heavy market tais morning, sna
pretty general decline reazed. In Erie Railros Che
Gsz sac;ons we're 70 very heavy amount opened a;
20 and left on al 23l per cent cash Toe BUR OF 'hs
operations for cash Huds River Cieve,.pd sod
1eecc, Chicago and Rock Island AMI Reading were oa'
moderately active closed lower prices Ia ss9
steshs and railroad bonds there was huted es.oess,
without material change in prices. AT the frs. board 'ir
snia State IS deoIioed l. per cant, Pscs, Steamship
Oprnpany New York Central Railroad L. frie l; Hu1
sen River l. Reading I: Michigan Southern old "a Ga
lsnA and Chicago Cleveland and Toledo, IN; Chicago
Rock leland q Illinois Central Railroad, 2 Peonssl
Coal Company advanced per cent; Delaware and
Rs<son y. After the board the market was much bet
sss sales made in the street at prices ranging
Astn one quarter quarters Of per cent the
aAins speculative stocks. We notice 4 small sale Of Nj
sHaEua Transit stock this morning at per cent Afew
ssys small lot Of this stock sold at Ia yesterday
AZ bid for large lot. The advance has been rapid
and may be real Reports have been for
days past 20 the effect thai the parties contrasting for the
grant from the government of Nicaragua Goa
beeesd aud all working way, with a fair
prospect Of accomplishing something Under the most
favorable circumstances, cannot hook for the open
ng OF the Nicaragua Transit for many months All
nc river and lake boats have been wrecked burned,
and must be constructed and put into requ
ss,on before the through hre be established. New
York Cent? al Railroad stock steady this morning and
very little stock offered II opened and closed at the same
neure. No liberal minded man supposos for moment
thai II Legislature will impose toll the Transports
ten freight The day for such narrow, restricted
policy passed hope to return. The canals
Of h State might better be filed with earth and the baaks
lsveled, than many interests the State be in
ared ruined by driving the carrying trade Of the West
beyond limits by follows that the canal
would be increased O sustained by the
adoption OF this tong system for freight cannot be forced
railroad transportation upon The classes
~ merchandise produce, &c, now transported 70 the
the railroads of this State would taxed be-
yond present charges, seek other line Of road to
market and in this way build railroads in other States
New Jersey has very unenvisble reputation for the
policy pursued many years by the Legislature OF tina
ate in taxing passengers and merchandise passing over
territory aud the State OF New York would place her
seE In the category by the adoption of the policy
srenuously advocated by certain members in both
branches of the Legislature. We doubt very much
saficient vote be raised to inc such disgrace
reputation enjoy for liberal generous
dsst in public affairs.
At the second board the market without material
alteration In stocks the transactions large.
Pacific Steamship Company declined y per cent Michigan
Southern, old "a Galena and Chicago, n Cleveland and
Toledo, Milwaukee and Mississippi u Nicaragua Tran
ne closing prices Of the morning. Cleveland and Toledo
sosed weak at a per cent The company have suffered
seriously by the freshet the Sandusky line The road
nearly thirds Of the crbbng the end
q SaBdusky bay, and nearly mile OF the track
Port Clinton The damage be less than go 900,
vAch seriously swes the floating debt The trains will
nd be able to for three days The movement in
Michigan Southern attributed TO the probable success Of
arti-Jervis party the approaching election. The
old stockholders say they would rather place the road in
Me hands Of old, interested and experienced railroad
managers than in the hands Of ne~ men, who have
very little stock and less knowledge Of railroad manage
nent.
TIE earnings Of the Southern Michigan road for the
arst April Sal 22o against $50, 70 last year
The comparative loss in earnings the last week id March
~~s $50 900; tina, Of the first week in April shows
slI $50 only.
The transactions at the Clearing House to-day ss
bnews:-
Is.A exchanges go Isl -
7stal balances. 'oIssZ 10
The Metropolitan currency certificates amount To
S25e, 600.
The closing quota,ors for sterling exchange 10 day
were 81, sper cent premium. The principal business
Vas at a per cent On Paris quote ST. 2oc. ST. l5c
TIE earnings Of Norwich and Worcester Railroad for
March fletso y!
hArsh 1900 "a
Decrease. ss,I48 "a
small oan for the city Of Troy It's seven per cent
peveuue bonds pego,sted by Mr.. John Murray, Wall
street vas taken 10 day par. The Troy city securities
have always been favorites with capitalists.
Tbs steamship star OF The West al this port from As
vax& brings dates To the 22t o; March,
.suve and the usual semi monthly remittance OF Cali.
sD-na sold According TO the manifest she brings
fresha 81 S29ooo which lie ,le excess OF the remit,
,xDoe FOR corresponding period last year The general
pe~s u Of trihag Importance.
The s,tRuship City oe Baltimore, at this port from
liverpool brings us four day. later news from ell parts
Of Europo Quotations for consos show change. Tue
highest points wore maintained up to the clcse. The
money marAet respect the same preyious
by reported. deciise OF quarter OF penny per
pound reported II cotton but strikes that this ia
the decline reported ~ the america Breadsuns
particularly dull. 10 nour and wheat decline is
reycrtsd indian corn wst nrn with more activity.
rDe annexed u comparative statement OF the exports
sexeusiye spece from New York foreign ports for
tho week and siroo Jao- -
1876 1857 1858.
yosal for toe week 81 ,eoo374 1,l33 3os l,9o9.s.6
Previously reported II SOS $50 193 il3 l5ll7,7s1
Since Jan ,56I,a54 9O5i7,7n 1887 $40
Tie aggregate value Of exports this year keeps well
70 that Of st year and the year before. Compared with
ths mportaoas for the period, the decrease TIN
pear exportr has been very small
The followiss semi annual dividends have besn de-
ehred, payable In April
Ware -BAmpehire Manufacturers Bank, per cent,
tor the last az 2ns beng is srty third dividend and
NJ twentieth OF che amount in succession Tie bank
~ also a surplus remain ing OF $4,000.
westhed.-ne westfeld BANK declares dividend q
per cent
Edsariown.-M Matthias vineyard Bank, per cent
Tue expenses q the Hudson River Railroad for the
sr months ending April ], 1865 tigo sai q less
IN the corresponding period Of 1897.
The Fund Commissioners Of New Orleans gve notice
that they are prepared 10 qudae advance s5s 900