The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-23
FINANCIAL AND COMMERCIAL


NAiDAh seu %%-o NJ
The stock market was very irregular this morning.
At the board some Of the leading speculative stocks
advanced, while others declined. There was quite
an active movement and more operators for cash in
proportion to the aggregate, than we have noticed
for some days Tennessee State 6's fell of ! per
cent? Delaware and Hudson, 4; Pennsylvania Coal
Company, 4; Cumberland Coal, 8. California State
rs advanced per cent; New York Central Railroad
7s l. La Crosse land grant bonds Z; Illinois Oentral
bonds, 1; Erie Railroad {; Michigan Central, !;
Illinois Central l; Chicago and Rock Island, Ia La
Crosse and Milwaukee, Z. New York Central Rail
road appears to be neglected. The probability is
that the February dividend of four per cent will be
announced in few days. This, We believe,
has been decided upon, and the money must be
raised at any sacrifice for that purpose. 1t will
cost great deal more than the sum required which
is about one million of dollars. The distribution of
such a sum of money will do some of the stOckjob-
beers more good than it will the company, particular
ly that portion who realise at after receiving
the dividend. The movement in Cumberland was
not spirited day. but the clique of bulls have
combined on it for an imitation. According to their
statements the advance in prices is simply upon the
merits of the stock as permanent investment. Chi
cago and Rock Island recovered slightly to-day, and
the transactions were quite large. There was an &C
tive demand Cor La Crosse land grant bonds at the
advance. As this security improves in market value
it attracts more attention and the merits of the in
vestment become better known. AS CAPT
talists get posted regarding the present
and prospective resources of this compa-
ny, investments are made in the land grant
bonds. At the second board the market was steady,
and that was about all Cumberland Coal was firm
at quotations. The stock was very active.
Erie advanced per cent; Illinois Central Railroad,
L; La Crosse and Milwaukee, 4. Milwaukee and
Mississippi Railroad declined per cent; Panama,
d Delaware and Hudson, 4. Throughout the past
two months, during which the clique of bull specu
ators have made every effort TO attract outside specu
ators, no progress has been made, and the entire
burden rests upon the street operators. 1t is well
known outside that the whole movement has been
originated by, and is confined to few members of
the Stock Exchange, and no one else touches the
fancies but those who make it professional affair
The Assistant Treasurer reports to-day follows:
Total payments l72s 60
louai oaiance ...2,s2sIo5 s2
The receipts to-day include $4,000 from customs.
The business at the Clearing House to-day was
lighter than usual The exchanges were sll ,l9l,-
27S 3d. and the balances amounted to 1852 ,s57 60.
The Beekman Fire Insurance Company has de-
clared semiannual dividend of seven per cent,
payable February the Astor Fire Insurance
Company seven per cent, payable February 1; the
Broadway Fire Insurance Company six per cent,
payable February |; the Peter Cooper Fire Insu-
rance Company seven per cent, payable February 1.
The Galena and Chicago Railroad Company will
make no dividend this spring. Its annual report
will show the company to have no floating debt 1t
is fully equipped and has a stock of bonds worth
$500 ,000 which cost onehalf that sum. To all who
can afford 10 wait for their dividends short time
the report will be satisfactory.
The earnings Of the Chicago, st. Paul and Fond
du Lac Railroad for the three months ending with
December, were as follows
october .S5o,SO 20
November. 3s,90s 90
December. 25,3l3 81
Total for quarter. IL
The road has 100 miles in operation. The ex-
penses are estimated at A. per cent the receipts
The annexed statement exhibits the value of
foreign dry goods imported at this port during the
past week and since Jan. in each of the past three
! years.
MOVEMENTS IN FOREIGN DRY GooDs.
| FIR The Week 1856. 1857 1858
Entered at the port 81 ,sos,7si 252Osel 5os,225
Thrown on market. 1,9a2,375 2,7s3s6o l,o54,ee7
Entered at the port s,ll5.2ss 5.5s4ee7 2,l4i.eas
/ Thrown on market. 7,405, 4s6 7653,s04 2,536,so4
The annual statement Of the Continental Insu-
rance Company shows that its net income from all
sources during the year 1867 was $685. SIS "a, and
its expenditures including s59,995 46 losses and
| $4,000 paid in cash dividends, were sl45,Gl1 ca,
showing surplus of ss0,l47 80 for the year. The
assets of the company on the LIST inst, were $780,
s77 %, and the liabilities Of all kinds, including
claims resisted account of fraud were sll ,709 81
leaving net assets to the amount of s695,l67 "a.
We understand that arrangements are now making
and nearly completed in Philadelphia for the organ
zation Of a Bank Clearing House there differing in
some of the details, bat the general princi
pie that of this city Letters received from there
state that the banks rapidly Strengthening them
selves for the resumption Of specie payments and
intimate that the time fixed for by the Legisla-
ture will be materially anticipated.
The annual report Of the New Bedford and Taun-
ton Railroad states that the cost Of working the road
for the year ending Nov. 30, 1867, was sl3Os4G "a.
The receipts during the same period were slC6 ,6s2
| CT. Net earnings, s33,ss2. dividend Of per
cent $3.50 OOO) has been paid and there rs a surplus
on hand including balance Of last year. Of s39.7l3.
| Stock Exchange.
| FRIDAY, Jan. q, 1858.
5000 York 6s 70 1l1z $50 shs NY Cen RRsi5 7sx