The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-28

here vii remain. Eew Yorh Central opensi 81 IN ID
vance Of per cent the closing prices Of yesterday,
bot left of fraction lower with but moderate
,icns Gaeua and Chicago lower, not witnslandng
report that the regular five per cent dividend will DO
paid IN August Cleveland and Toledo weak from
opening and ft or heavy. The position Of this read
not At ell satisfactory, and We do not see ho~ the
sustained II anything IKE present prices II b
not worth fraction than Harlem, and will n no
very dntart day sell - low. Al the second board she
nsset Was inactive New York Central Railroad closed
q. SAX which s An advance the closing prizes OF
the first board Hudson River was steady q. 2e3s
per cent. Cleveland and Toledo was dull as 4oA
per cent This STOCK rs pressing out for sale in large
lots, but there s demand for IT, Ie finances arc IN
very gloomy condhon, and rot likely 10 DO ever asy
better Gsepa and Chicago left OF 1t S7h cont, with
the sale Of small lot Cumberland closed at 10 per
cent The instrument due the 3'st inst has been pretty
generally paid up. Tho company have strong ho cs Of
making the stock much valuable than has been
for years 10 better hands and will be bstser mansg
cd A good many leahs have already been stopped. La
Crosse land grans bonds closed 32x per cent cash.
The steamship Persia detained antii 70 day,
account Of the tides and the deph Of water the bar
She carried DOT papers Of the 9Th inst
me steamsbip Africa, from Liverpool, has On board
$4,000 in specie - freight
The hercnapts' Bank has declared semi annual div
seId q aH per os.s payable Ne lss Of JoDe Toe
HowAd Insurance Company has declared dividend d ID
per cens able o. the TIN Of June.
The Assistant Treasurer reports 10 day follows:-
ro0, reosfpW sas3 SsI 20
luz ~ ocS -
TOsal oaAanoo .o@SS,SoI o.
The receipts 70 day include $40 900 from customs.
The transactions u the Clearing House oday were
follows
vi
Total balances 4S,4Sl ~
TIE steamship Africa, at this port from Lverpeoi
brings three days later from al parts Of Europe
In financial Affairs change is reported me demand
for money quite moderate. Quotations for eoosos
were without change, but business In them WAS dull
American securities much neglected In sotton the
srar ssciors were only upon moderate scale Prices
we're sustained, and that about all BresAstuns we're
depressed, With very little business. the arrivals had
beer small for some days. The London circular Of r.
Sanerthwaits says
The market for American securities In London hes been
steady during the past week Illinois shares have ooaogsd
bands ,ahsr nssy a. lover rates. bu. tie tecns mas
quo atoms. Construction bos1s are In demand u S2h
while freelards offered co. Eric shares aad BON
Genital and bonds Of all classes. have been 10 do
naDd At former rates Penpsylvspa Central bonds are
crswsl Of gold for he Continent does not excite apu,enss
siob quite large amounts expected from Ausrs
lie Console close a s7x s7,s Tor money, and s73s
S5h for account
The United States Senate bill authorizing loan 10 the
federal government not exceeding nteen Millions Of dol
lars, contains the following provhi,ns--
Section l. Authorizes The Presidest 70 borrow any time
within twelve months, exceeding S,6 900 oo0
bs reimbursed after the expiration Of neen years iren
Jan I, 1859.
Section The stock issued shall bear SIX par cent in
eress not 70 be issued for lees than $780, coupons
attached.
Section Public notice be given 10 The usual way.
Sealed proposals 10 DO received No stock be disposed
Of n less than hs par value.
lection Faith Of the Uaitsd States pledged In The usual
way, for principal and interest
Section D. AutboYzss the appointment OF additional
clerk IN the ONCE Of the Register Of the Treasury.
Section Provdss for the expenses Of engraving and
printing certificates, advertising, &c.
The House viii wnnou. doubt pass the bill without 81
terstons, and proposals will uodouotedly be issued
cent Of before the expiration Of the prsssn. year and
nucn larger amount, viii be required meet ordinary
expenditures. The revenue from customs win not be
large enough for several yean the demands upon
the treasury. Any alteration IN the tariff meet any
Hoipa,ed deficiency vii only make matters worse, by
uDsetipg foreign trade and arrestins the Improve
ment 10 the line Of importations, which osly be
gradual after such wide spread financial revusoo We
have doubt The poverty OF the treasury vii Suggest all
sorts Of eXpedients and financial plans for s improve
msnt bat they will only reard the natural recovery
serve seriously ep;ansle pub &c Affairs and involve
every interest IN uncertainty, and perhaps rum