The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-29
FINANCIAL AND COMMERCIAL.
EY MA RE- r II.

SUNDAY, March aS--C L. VI.
Tbs rast week has not been a, all prsu1c OF events
either Of faanca or commercial character. Tneumost
quiet regss all departments Of business, and the
stock market slurgshly and changes very LILLE
from day to day with all the abundance of money, the
operations the stock Exchange donot exhibit that spec1
lave sorequenty the street Most Of the
purchases made by parties with sufficient sl
q carry stocks, and they DO not general thing go
.eyo0d their depth The decline in proos realized 70.
weeks since cleared ont all IL weak holders aud Jeff
their margins the hands Of their broker. Tho marko,
nos has much better basis and both The holders AM
buyers have 10 pay FOR and take out Of the
street such stocks they may purchase The bears do
not make much Impression upon prices. and VII cot 50
long the present class oG operators the other side
continue their Ines The existing supply Of money must
force parties who have cot ye, touched stocks into ths
street for the employment Of their funds Private bans
ing Louscs lead freely and literally oil classes OF
speculative stocks for the simple that they cannot
lend their money sssvorabs In any other way weesBnot
LOCK for airy activity in the demand ie- capital until
late into tho fall The little business n5r iong among
dry goods houses the grocers and others creates pa
per that si rot until Os;ooer and November. At
that time may look FOR pretty general recovery IN
taie, pretty general movement Of the crops and as
natural CoDso ,utnce active demand Tor money.
There "a very little doubt but that shall a very
IL all the commercial con,res AMI become perfec, drug
Ia the event 81 an importation button from Europe the
dead weight Of supply a. specie will become st
oppressive and the banks Will have resort 70 greater
variety d methods Of employing their capital The IN
Of commercial pSper cannot he other sse than very
g-aiua arr rs Absorption " II hardly be fen amda rbs
Abundance Of state stock. and AMI all frsi class
securities pay rates OF interest, compared wsb
the current value Of money, and DO Why taey
should %, appreciate largely. state stocks payug six
per cent interest and railroad bonds paying snd
eight per cent interest rule in the market good deal be
,ow par, while money jas, such stocks FOR security
oo,manis but four and Eve per 50 Ear safcy
concerned these stocs undoubted and II - Likely
70 be long time bsCore money will asan c'nnlni such
prices have ruled Il strikes mat Gfst Safe
cur,es and railroad bond will, before The apse Of may
weeks command much better prices IN this market aod
Eafope.
The report Of The Michigan southern and Northern lBd
ana Railroad Company gives the annexed aggregate OF
funded and floating de5i and capital stock
MItmGAN Sou,lurS 1Sp NORTHERN INDIAN RAILROAD.
capital funded tl,44o,oOO
SDsng fund bonds. ACKNOWLEDGEMENTS. 2,lo6,OO0
second nortgsg9 bonds. l00O,OSO
Deioit bonJs, assumed .............. 2sl,O.0
fio@enb i,'Soi''
Total funded 7ud doa.ug debt ,4ss,os4
Capital stocs-Guarsnteed shares. s2,sJj,2OJ
-Oomion sharos...... b,Ss3.3O 49,. 80
- S,Slb,fOO
Grand sic 3w,054
mo gross income of the road last yes s2,309ls7
90 Expenses Of operating ct i6jt76 IT, Net eafnings
ssi4 5ll TO- In regard ousiacts and income Of
the road Inst year tae report says
We regret 70 ind thai tie net income OF the ps', year
bot satisfactory. but clnnot cJusifcr the e*pe
feDoe OF that year es any degree criterion ~ which
20 juoge Of the future. The reforms already int5duied
N tie reduction OF men and wag,s, AID 10 The nlm0ef
a1t speed Of trains in thc expenses ~ oustde agonce'
&c ne nCrease 0! rses nugt crtse iavorSby iPon the