The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-22
FINANCIAL AND. COMMERC GAL
N O Ely M AR X EFT.


MONEY MARKET.
THURSDAY, Jan. 2l-6 F. NJ.
Quotations for stocks show an improvement to-day.
With increased activity in the market better prices
ruled and the transactions show renewed effort ON
the part of spectators At the first board there was
spirited movement in certain fancy securities and
the clique of buyers took hold quite sharp Virginia
State 6's advanced sper cent; Illinois Central bonds
!; Metropolitan Bank 3; Cumberland I; New York
Central Railroad, 8; Erie, 3; Reading, /; Michigan
Southern, old, J; Cleveland and Toledo, 1. New
York Central rs declined per cent; Pacific Steam
ship Company, ]. The movement to-day was con-
fined good deal to Cumberland Coal Company
stock, and advanced rapidly from the opening 1t
closed this morning firm at lag per cent, cash. La
Crosse Land Grant bonds were in demand to-day at
full prices, and were well sustained to the close
This investment is attracting capital, and it looks
very much now as though the company would, at
no very distant day, come out far ahead Of many
which have for months past ranked very high in
the market There is real backbone in the
and grant of the La Crosse and Milwaukee Com
pany than any other grant of the kind in the
try. The company have good road running through
fine country; but it must be borne in mind
that the road through more than three hun
dred thousand acres of the companys own property
The leading Western railroad stocks-Gaens and
Rock Island-appear to be very heavy. We under
stand that considerable Galena and Chicago Railroad
stock has been sent over from London and sold in
this market. At the second board to-day the at
tenton of spectators was directed principally
to Cumberland, and it closed firm at Isl per cent
After the board sales were made at l53 per cent
cash, and 16 per cent buyer 60 days. Michigan
Central bonds fell off per cent? Cleveland and
Toledo Railroad, 4; Pacific Steamship Company H.
Lacrosse and Milwaukee Railroad closed at II per
cent. Galena and Chicago sold at 7l3, buyer sixty
days.
The Assistant Treasurer reports to-day as fol-
lows
Total receipts neutrality-suspicious.. s5o5o6 ~
payments ......................-..- 46sl2 o.
" balance. 95l $50 81
The receipts today include $4,000 from customs.
The imporatons continue very light. The duties
paid principally on goods taken out of ware
house.
The exchanges at the Bank Clearing House to-day
81 IA, 495 49, and the balances paid amounted
to 81 ,l46,9 1859 Ga.
The Morris Canal and Banking Company has de-
cared a semiannual dividend Of per cent upon
the preferred stock Of the company, payable and
after Tuesday, Feb. 2, at their Office in Jersey City.
The Paterson and Ramapo Railroad will pay
semi-annual dividend of per cent on the 2lst and
22d inst, at No. 81 Wall street; after that at the
Treasurer's office, Paterson; the Paterson and
Hudson River road one of four per cent, payable
on the Dist and 22d inst at the Peter Cooper Fire
Insurance Company, and at the Treasurers Office,
| Paterson
The earnings Of the Chicago and Rock Island Rail-
read the TWO first weeks in January 1887 were +so76 81
| Do 1858, do. 1924 90
pecrease'.. l62 81
The treasury notes Of the denominations of $500
| and 81 900 have been completed and received at
| Washington. The lever denomination of these
| notes was first paid out on Thursday OF last
week. As specimens of the art of steel engraving
they cannot be surpassed, and show the perfection
to which this art has been brought. The plates were
prepared expressly for this issue, and have the
portraits Of the President of the United States and
the Secretary of the Treasury, with vignettes APP
proprate TO the Treasury Department. The despatch
with which the engraving and printing have been
executed is astonishing considering the time usually
required for such work. The notes are printed with
two indestructibe inks, and a safe protection
against Photographic counterfeits and alterations.
The Secretary intends, and in fact is paying them
| out as fast as demands are made upon him. lie
will continue 10 pay them out until the first six mil.
lions Of dollars is exhausted, and then according 20
the law Of Congress he required TO advertise for
loan, which he intends 10 do. As the receipts
| dnring the last two or three weeks from customs
have been pretty large, averaging seventy thousand
dollars per day and constantly increasing IL may be
possible that the six millions will suffice for the
present, so that loan will not be required. But of
this there Is no certainty; for the receipts have been
exceedingly fsctuating and uncertain for the last
four months and they may be for the next four
months 70 come.
We annex the business Of the Ia Crosse and Nil.
waukie Railroad for the quarter ending December
81 1857, showing an aggregate Of net earnings of
s70,42l So. The road is worked under lease to the
contractor on the western division. The work of
laying the track the western division il beingpur.
sued vigorously at the rate Of half mile per day.
Eighteen miles is required 20 reach the Juno
ton, which when completed, will give 1856 miles Of
rack
Gre' Farming Frpsnses Prof..
October. $50 1s sl5Tst 80 ssobfO %
November .......... Ss,t7e So 137Is 30 24,es' rs
December.,... .... $3.50 ~ 1873 81 1873 81
Total. ,7o5 6s s43,2s3 so s7o,a2i IS
Bills of all the Rhode Island banks. except the