The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-03
FINANCIAL AND COMMERCIAL.



The stock market opened active and buoyant
this morning, and the new year opened auspciously
for the small clique of bull spectators left at the
Stock Exchange. The position of financial affairs is
just now good deal like the weather-very uncer-
tain. They may look very fair and fine to-day, but
tomorrow may bring storm and snow, and plunge
us at once into the very depths of winter. At the
first board to day La Crosse and Milwaukee Land
Grant bonds advanced per cent; Cumberland
Coal. !; Delaware and Hudson, !; Pacific Steamship
Company, 1; New York Central Railroad, !; Erie,
!; Cleveland and Toledo, ]; Reading Railroad, Il
Illinois Central Railroad. &; Chicago and Rock
Island, /; La Crosse and Milwaukee, Z. Michigan
Central Railroad fell of per cent. In New York
Central Railroad there was quite an active
movement and the stock advanced on the
opening price. The bears are evidently putting
out time contracts both Of long and short date. In
Reading there was a strong upward movement, and
at the close it was firm at our quotations. State
stocks were quite active and prices well sus-
tained-those of the sales to-day were ex-dvidends.
At the second board the advance well sustained,
and moderate amount of business was transacted.
Pacific Steamship Company advanced per cent?
Cumberland Coal, ]; New York Central, .; Michigan
Iouthem, old, /; Chicago and Rock Island, 1; Read
Dig, g. Erie closed firm at l8i per cent. Spectators
DIR rise are already running with speculative
stocks and they likely to get an additional sup
ply at current prices.
The Assistant Treasurer reports to-day as follows-
Total receipts. $3l4 ,e3s AZ
Total pay ments. 330,i55 81
loai paDce '",@'',ooo Il
The receipts today include t25 900 from Customs.
A Geographic despatch received FROM Boston
states tina. the Michigan Central Railroad refused
payment of the p,iocpal Of the bonds which arrived
at maturity yesterday portion OF which have been
offered for redemption at the Office Of the company
in that city They oaer in lien I'll the cash issue
of new bonds t. mature in year from the present
time.
The exchanges at the Bank Clearing House this
morning were SIS 800 s57 49, and the balances paid
were 1859 3s9 SO.
The Hanover Fire Insurance Company have de-
clared semi-annual dividend of six per cent, paya
bic OH demand.
The steamship Niagan, at Halifax from Liver
pool, brings three days later intelligence The news
is not at all important Consols for account were
quoted, Oh the 18th ut., at 92l a 92i. This does
not show any material change. Money is reported
easier and bullion in the banks has increased. The
demand for money has doubtless decreased with the
number of borrowers. The numerous large failures
in England are calculated TO have that effect. The
same was realized here. The general markets re-
main about the same previously reported. Cotton
and breadstufs were dull and depressed. In cotton
an important decline in quotations is reported
Quotations fos breadst1hs without change.
Tho Cleveland, Columbus and Cincinnati Railroad
Company have declared scmi-annual dividend of
five per cent payable February 1.
Thu Mprcbapfa' Exchanpc Rank has declared a
scmannual dividend of three per cent payable on
the 9Th instant; the Butchers and Drovcrs Bank,
a seaniannual dividend of five per cent, payable
the 18th instant; the National Fire Insurance Com
pany, semiannual dividend of twelve per cent,
payable on the 9th instant; the Nassau Bank,
semi-annual dividend of three per cent, payable on
the 18th instant, the Market Fire Insurance Com
pany, semi-annua dividend of seven per cent, paya
bic on demand.
The coupons on the Mineral Point Railroad first
and second mortgage eight per cent bonds, and
on the Iowa County eight per cent bonds issued
to the company, due January are paid at its Office
No. 20 William street.
The Cumberland Telegraph states that n defalca
ton of ,7GO the part Of the late President of
tie Mineral Bank of Maryland has been discovered
He had left the place and an attachment has been
sueu OUT against us property ny the ustees Oh the
bank.
The cry treasurer of Hartford. Conn., sent fifteen
thousand dollars 10 Boston on Thursday 10 pay the
interest the city bonds of 5000 exchanged for
the Hartford. Providence and Fishkill Railroad
bonds, due for the six months ending Dec. 81, and
payable in Boston Jan 1. the company having no
tiled the city of its inability to pay the amount
The money borrowed by the city from the Hart
ford and Phenx Banks The railroad company has
advertised to pay the interest their lsi9 bonds
the LIST Of January at the Connecticut River Bank. |
Hartford.
The coupons Of the McDonough Company Illinois |
bonds issued for the Northern Cross Road paid
by Ray Bros, Dey street.
The Milwaukee and Mississippi road is paying the |
coupons all its bonds today.
The amount of duties received at the Philadelphia
Custom House in cash for the past four years was as
follows:-
1854 1855 1855 1857.
December =. 800 ,q4i 235 202 27l ga 1iol5i
Pr. IL mo. ,2675 81 3,1is,3l5 4029 $50 2ei7l70
- - - -
Total -, 36s, Sis 3,353,5l7 i3oI, i2i 3,Ose y24
No new defaults of interest are reported. except |
that Of the Pittsburg, Fort Wayne and Chicago