The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-18
FINANCIAL AND COMMERCIAL.
u ON K Y MARK Il +.

WEDNESDAY March l7-e p. NJ
me stock market opened and closed heavy this morn
- The general tendency Of prioss DOWNWARD
~ the fret board Michigan Central bonds declined per
cent; Delaware and Hudson, n, Cumberland, y; New
Ywk Central Railroad, h Erie \; Hudson River Rail-
yeAd, IL; Resding, 1; Michigan southern, Ia; DO pre-
ferred, NJ Panama, u; Cleveland and Toledo, i's Cni
sa4o and Rock Island lK; Milwaukee and Mississippi,
Lacrosse land grant bonds advanced per cent; Gary
Company, NJ Pacific Mail Steamship Company, n; 0o-
cago, b. and Quincy, u. There WAS sn Sc'Ne uem'na
sh morning for Lacrosse grant bonds, and the pur
chases were small lots entirely for investment lhese
hoods are becoming distributed a over the country, and
sspe down 10 strong hauds In the most promtueat spec
tAtiye railroad stocks there was considerable activity
but sellers were plenty and the market was hammered
oocssfuly After the board there good deal OF in
su,rv for stock 70 make deliveries and prices were arm
q. . slight Improvement The shorts may find sons diff
suy Of this kind contend against The outside abeorp
Sop Of boads and s.ocks exceedingly active, aud the
daily Withdrawals for permanent investment are in the
aggregate very large 10 New York Central Railroad
ytock The operations for days have been limited,
ana prices have been well sustained Among capitalists
shis the favore railroad stock of the day. II can be
nypo.hecaed st smaller margin than any other stock on
the list and money be raised when refused on
others So long this lasts, possesses advantages
the market not enjoyed by railroad stocks generally
GAenA Snd Chicago beyond all question sound invest
nent II 10 . less active stock New York Central,
and . general thing more firmly held.
A. The second board the market generally was lower
Theqe very large amount Of TRANSACTIONS in any
q the leaSing speculative stocks. Hudson River Railroad
third mortgage bonds declined u per cent Reading, X;
New York Central, IA Erie, l; Panama, IA Chicago snd
Rock Island, "a. There sales Of Hudson River
Railroad We understand that this road
cong larger passenger business than ever before Com
muters the line complain OF the difficulty in getting
seass, either going coming Erie sod this afternoon
down 2et. per cent Reading closed steady a. IS per
cent, cash. Only small lot OF Panams sold at the de-
CINE Gaiens aud Chicago closed at 80, buyer thirty
days There good many orders al the board TO-
Ay buy stocks, but parties hodrg them preferred
waiting the full efec. OF bear movement before
buying As soon ths is exhausted the market will
Be relieved OF large lots OF stock The Ia Crosse land
grant very em this Afternoon At advance
81 "a per cent
The Assistant Treasurer reports today as follows:
Total receipts. $gSs,S2l 10
Total balance 6,e925l3 II
The receipts include SIS 900 from customs snd the pay
include 81, 900 California drafts. The great
oepts day principally account OF the bids for
The s~ue OF treasury notes.
The operations ct the Clearing House to day were So
follows
1osa exchanges. 5'4 II
The Metropolitan currency certificates reduced
10 1854 ooo decrease Of s2s 600 since yesterday.
TIE eamship Europa from this port for Liverpool to-
day carried out only six thousand hundred dosrs
IA specie.
With respect the OF the money market during
the past mouth, the London BInkers Magazine 3D.
serves
The north Of FebraEy viii have proved remarkable
Sr the change the administration ana the further
dual rerogression IL the OF money The Bank Of
England has brought It's rate OF discount low
per and that OF the Bank OF France stands at
per The increase tho abundance OF money, wnch
Towing in from all quarters, promises 70 be perms
nent, supplies from continuing important At
tns sane time, Australia IL sending her fair proportion,
although shorly may be ed that the yalence
Of eastery winds will operate 70 retard arrivals Trate
a depressed cendiUon and there seems little
lmmeoise PROBABILITY Of revival the returns from the
Board Of Trsde showing propornonate decrease in
porte arising from The late eIposiJn VI nctucus credit On
e Continent the rate for moDsy is RAPIDLY declining, and
~ Hamburg has DESCENDED 10 4 Per cent This state
o things viii not, however, Loag Continue whenever q
steady reaction Ia business Commences.
Through the exerons OF the active mar cal agent OF
the In Crosse and Milwaukee Railroad Company, Mr..
Alden connections Of the most favorable character have
been for med with Gil the trunk lines running from The
principal Atlantic ports TO the West, 70 provide the
greatest conveniences for travellers 10 and from Mime
$40 The direct route 10 81. Paus Is via Milwaukee
cad Crosse railroad, and the resumption OF
navsauou the tide OF travel will set that way with in
cxsAsed force. There indications throughout New
England and New York Of active emigration 10 the new
aies Of the Mississippi during the approaching
mer, and every new line OF road stretching from tue
western extremity OF lake navigation across 10 the Ms
ssspp Affords greater facilities for reachiag the fertile
valleys Of Minnesota the garden Of the West. The Ia
Csosee railroad destined 70 be I'm thorough
hre sos travel and trafnc.