The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-19
FINANCIAL AND CONNER NAL.



mOEET 0ARKEr.
TUESDAY, Nay ls-oP.M
The stolk pN'kes somewhat depressed this morn
ng 30 far a. prces concerned rbsre was no falling
on Of consequence b the extent Of transactions, but
heAvy feeling prevailed and the sales generally at
lower points. Al The FIRST board New York Central Rail
road declined y per cent; Hudson River Railroad, NJ
Reading u; Michigan Southern, old, y; Galena and Chi
cago, u; Cleveland and Toledo, u; Chicago and Rock
Island, La Crosse land grant bonds advanced per
cent; Panama, q; Milwaukee and Mississippi u; Mis-
State 6s y. The report Of the Investigating Com
Of the Wisconsin Legislature appointed investi
gate the snd grants all apprehension relative 70
The repeal Of the land grant to the La Crosse and Nil
wnukie ana to the Chicago st. Paul Fond du Lac rail-
road companies and better feeling is entertained TO-
wards the securities OF each road goa
duay but steadily spPreciatpg TIE lowest tho lss
in arket value is Missouri 6s aud ,hay among the
beet in actual value On the Let Of July ssmsauahl
interest Of three per cent due that they TACT
selling at about - Per cent, fiat Tie great aoundaoce
aud cbeapress Of money make these boaOs Q probable
investment, and no need complain OF dihi'
Guilty in finding employment. for capital so long
sc our first class State securities are selling
al ten and fiteen per cent below PAR. Our
city railroad stocks in high favor with capitalists TIE
Third Avenue Railroad stock sells at l07 per cent ex LFo
per cent quarterly dividend just paid The last SAFE o.
Sixth Avenue ZOE per cent, and IS high az l3e per
cent has been offered for Eighth Avenue without sAlee
Bank stocks steadily advancing to prices current
previous the panic Of October last The public koo rs
nothing about the value of the Of backing H.
stitutiors bow msny bad debts they made dunn the
revulsion, bow many defalcAtons at this moriaot
going among their officers, how mary old ones have
been smoothed and smothered, In fact how their
affairs are msnsged generally and notwithstanding all
this End tho stocks OF most OF them sell above par
The best OF them will nnd very difficult to squeeze out
thar four cent semi annual dividend for
time TO come. Compared with bank stocks State
cures are infinitely valuable, and FAR preferable
upon the OF safety and yet State stocks &c
pressed in the face of the present abundance Of money
while bank stocks command in many instances a
premium. The universal ignorance Of capitalists
gardng the intrinsic value Of public and private secur
ties proverbal in Wall street, and it s evident
during any previous period Of financial depression.
the secor board the market lower and not at all
active. The changes in prices were unimportant
Chicago and Rock Island fell off u per cent; Michigan
Southern, old, u; Hudson River, u; Panama. H isena
and Chicago, u.
The Assistant Treasurer reports 10 day follows
Total receipts slo5OOe So
Total pay pens.. o4IoZI ~
io'ai o,ooot4e VI
The receipts include s22 Oo0 from customs SIS
for treasury notes. and the payments include ssooooo
seat 10 81. Louis.
The transactions of the Clearing House oday were As
follows
Iofal exchanges. .Slo,Ioo,s1t 20
TOTAL balances. 9ll,020 ~
The Metropolitan currency certificates have been
duced TO s91 600.
The losing rates for sterling exchange for the Blson
steamer l09A ITO for banks and bankers bills
on London. On Paris ST. 161< ST. l5.
Tho annual election Of Board OF Directors for The
this morning and resulted the reelection OF the follow
in named genilemeD viz ALLAN Campbell, Cornelius
Van erot Daniel Drew, Albert j. Akin, Al BERT Smith,
Francis W. Edmonds Charles ". Sanford, Abraham 3.
Bay lis VIM. C wetmore, John Astyne, Horace Z. Clarke
Horace Brooks John Harper comprising the Old beard
Only ABOUT 80 600 shares Of coo represented
and there very little opposition tho present incu
bens No report other business transacted be-
You'd proceedings OF the election Ia understood
ever that prospects Of the road Choking up mas
receipts for time past have averaged
from $50 eco $50 00S per month, while the entire
p.ndtures have not averaged more than 1900 10
SIS 600 per month AZ the time the condition o. the
road has been greatly improved
Adams Express Ccmpany were robbed Of SIC 900 in
bank notes somewhere between Atlantis, Georgia, and
Montgomery, Alabama, on The 25.h ultmo They orer
reward OF 81 500 for the recovery OF the same.
TIE receipts at tide of -four, wheat, corn and
barley, for the second week Of May 1867 1855,
been as folloys.-