The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-14
FINANCIAL AND COMMERCIAL.
HONEY MARKET r.
WEDNESDAY, Jan. 49,

On II N "A N n HTs
WEDNESDAY, JAN bpm.
Quotations for stocks at the first board to-day
show pretty general decline. The market was
quite active Missouri State 8's fell off per cent;
Virginia, d Pennsylvania Coal, 1; Cumberland, /;
Pacific Steamship Company, !; New York Central,
l. Erie, 1; La Crosse and Milwaukee, l; Reading Z;
Panama, /; Cleveland and Pittsburg, /; Galena and
Chicago, 2; Cleveland and Toledo, I; Chicago and
Rock Island, Il Milwaukee and Mississippi L. Cali
fornia rs advanced I per cent; New York Central
Railroad rs, l.; Michigan Central sinking fund.- 1;
La Crosse and Milwaukee land grant 1; Michigan
Southern Railroad (old), /. Compared with prices
current at the first board yesterday the decline to-
day was to greater extent than report exhibits.
In railroad bonds and State stocks the movement to-
day was strong, and prices in most instances show
an improvement. The land grant bonds of the La
Crosse and Milwaukee Railroad Company were in
demand, and closed firm at the advance. There is
an impression abroad that there are other mort
cages before this the land grant to the company.
This is mistake. The land grant bonds are the first
lien upon the entire grant land and upon the entire
road beyond Portage City. The decline in Reading
Railroad stock to-day was doubtless in consequence
of the publication of the report for last year in which
it was shown that further dividends were out of
the question for long time to come. The COM
pany show floating debt of more than three mil
lions of dollars. The greatest decline this morning
was in Galena and Chicago railroad stock, and it
closed heavy at our quotations. All the leading
Western railroad stocks were offered freely at the
decline this morning. At the second board there
was better market, so far prices are concerned,
but the transactions were limited. Missouri State
6's advanced per cent; California U.s. !; Pacific
Steamship Company /; New York Central Railroad,
/; Erie, }; Michigan Southern Railroad (oldD 1.
Michigan Central bonds fell of per cent. There
was sale this afternoon Of Third Avenue Railroad
stock at "a per cent-an advance Of four per cent on
the previous SALE The stock Of the Sixth Avenue
Railroadsells above par-February dividend of five
per cent on. All the city railroads are doing large
business and so far have had very favorable
winter for operations Throughout the country
railroads have had a very good time so far
as the absence Of deep SHOWS 60, but in bust
ness they have had a very poor time. The compa-
MES have been obliged TO run trains according 10
the time tables, but they have been nearly empty
of passengers and prices for carrying freight rule so
low that the less carried the better.
The steamship Niagara, from Boston for Liverpool
today, carried out s45O,ooO in specie.
The Assistant Treasurer reports to- day as follows:
Total receipts
Tota payments ......................... losOs3 20
Toal balance 20
The receipts to-day include $4,000 from customs.
Most of the goods now coming upon the market
from warehouse.
The exchanges at the Bank Clearing House this
morning were sl3 sos 500 06, and the balances paid
were SIS, $50 50.
The trustees Of the Irving Savings Institute have
ordered that interest be paid depostors at the rate
of six per cent per annum on all sums entitled
thereto, payable on and after Monday, the 18th of
January. All interest not called for will draw in
terest as principal.
The Arctic Fire Insurance Company has declared q
semiannual dividend of five per cent, payable the
18th inst.
The Springfield (sIass) Fire and Marine Insurance
Company has declared a quarterly dividend Of six
per cent.
The earnings Of the Chicago ST. Paul and Fond
du Lac road for December, 1857. were s2l SEQ ST.
The company has been steadily at work through all
its troubles and has fortysix miles of road bed
ready for the ties and iron.
The last annual report Of the New York and Erie
Railroad Company gives the annexed exhibit of gross
earnings expenditures &C., &C., for the fiscal year
ending Sept. 80, 1857
NEW YoRK AND ERIE RAILROAD.
Gross revenue Of the fiscal year ending goth
Of sctember, 1857, amounts to- s57i2eOe 81
Ordinary expenses incluiing
taxes, &c................ 81 1854 ,C3l IS
Extraordinary expenses-bad
debts and patent rgbi..... 1J4, 5H 81
Construction account-Expen-
dtures for new structures
and eoulpment LAS 30
-- ,57i 65
Leaving applicable 10 interest on debt and
rent OF Union Railroad. .............. 4b4,0Jl Sc
Whereas those items amount TO ...... 1888 ,32T 81
leaving deoct of................... s47o,fe 10
less profit on bonds purchased for Sinking
fund and interest bonds In hands Of -
Sinking FUND. ........................ lO,e4o III
Actual deficit on the years operations. s2ssy34e 20
This result is also proved by
payable. H,isl ess So
receivable ........................... 6I57 eo 80
s1,67T 3a4 30
Lees increase Long Dock IN
vestment. ................ s7I4 e42 30
Increase other Assets and ma
terah. $500 oovVz W