The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-05
FINANCIAL AND COMMERCIAL.
NJ O. Ely AR X K T.
THURSDAY, March 4-e

THURSDAY, March IS Z. M.
The stock market continues active. At the first
board to-day an advance on the closing prices of
yesterday was realized on nearly all the leading
speculative securities. Missouri State skies improved
per cent; California sevens, II; Erie third mort
gage bonds, IL; Cumberland Coal !; Cary Improve
ment Company 4; New York Central Railroad, 4;
Hudson River Railroad, Z; Reading, L; Michigan
Central, l; Michigan Southern, !; Panama, {; Ga.
lena and Chicago, Il Cleveland and Toledo. "A:
Chicago and Rock Island II; Milwaukee aud Missis-
sippi. /. Illinois Central bonds declined per cent;
Pennsylvania Coal, 4; Erie, /. There was a mod.
crate movement this morning in Canton Company,
and there appeared to be buyers on time 10 some
extent. The full report of the Galena and Chicago
Railroad Company was received this morning. and
its satisfactory character created an active demand
for the stock. The stock Of the Cary Improvement
Company, just put upon this market, represents
very valuable landed estate adjoining Chelsea City,
near Boston, The assets of this company over and
above every liability and independent of its landed
property foot up an amount equal to three dollars
per share on the capital stock. A horse railroad il
about being constructed through the company's
landed property The most buoyant stock on the
list to-day was Chicago and Rock Island, and the
sales unusually large at the advance. II yet
ranges about six and seven per cent behind Galena
and Chicago. What makes Rock Island favorite
stock is the fact that IL has very small funded
and not dollar OF floating debt. This vests the en-
tire property in the hands Of stockholders. The
only railroad company at the West similarly stua-
ted is the Cleveland, Columbus and Cincinnati and
the stock ofthat company sells at IS per cent, dyi-
dend lust paid Panama sold this morning 10 the
extent Of 100 shares only, at 1869 per cent cash.
This price brings very little upon the market and
the stock is held considerably above current rates
Hudson River Railroad has, beyond question, more
favorable future than any other low priced stock
on the market. 1t opened this morning at 36i per
cent and closed at 36i. Most Of the purchases
were for cash. This company have made the fol.
lowing arrangements for freightiig -four TO this
market
HrrsoS RIVER RAILROAD GENERAL FRrGnr oyr1cr.)
No. IS WARRKv STREET I
We have opened a depot in New York. for the de.
livery Of -four, at the foot Of Broad street. directly oppo
site the Corn Exchange very DEF irabe place We
have ample room. No additional expense 70 shippers or
ConsigDees All flour via New York and Hudsop RIVER
Railroad will be delivered there.
This arrangement is a saving Of ten cents per bar
rel of -four 10 the consignee New York Central
Railroad opened firm. this morning, but was sold
down by prominent bull operator, evidently for the
purpose Of buying in at lower prices. He probably
could not get the same quantity Of stock back again.
without averaging higher than the prices realized.
In State stocks there was very moderate business
Missouri State skies opened at 81, and left
off at s4l per cent. The most impor-
tant advance today was in California State
sevens. They opened yesterday morning at s5I and
this morning only 1000 were offered at SEA per
cent. This is in fact but rs per cent. The accrued
interest amounts to about 81 per cent, which goes,
Of course, 20 the buyer. La Crosse land grant
bonds have sold in small lots for some days past.
The investigation going in the Legislature OF Wis
consin has nothing to DO in any way with the rail
road company or the operations Of the present or
ganization. The Msuston (Wis.) Star says that the
contractors intend to commence laying the iron on
this line, above New Lisbon on the sth inst The
bridge is finished across the Little Lemonwier
and the contractors intend TO have the track
laid and the cars running TO Roundabout |
sixteen miles and half west Of New Lisbon-by The
lst Of May next. At The second board the market |
was generally lower, with very moderate business.
California II advanced per cent; Cary Improvement |
Company d Panama. {. Canton Company fell az |
per cent; Cumberland, New York Central. 4: |
;iie y; Hudson River Railroad Reading, ] Nchi-
gan Southern gusmnscd 3. Cleveland and Toledo,