The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-24
FINANCIAL AND CONNER GAL.
MON Z Y MA IL X f It.

The street was held in suspense today by the meeting
Of the Railway presidents, which took place this morning
at the 81 Nicholas Hotel Before the Board unfavor
able impression TO the result of the meeting seemed to
have spread; a momentary check to the dulness
caused by the announcement, at the opening Of the
morning session. that the Atlantic cable all rights
but the effect of this necessarily transient, and by
the close Of the session things duh as ever The
leading movement at the Board is in Pacific Mall which
continues TO rise at the rate OF two three per
day. II advanced two per cent this morning, closing at
the morning Board at 1929 In the afternoon il touched
103, but fell back ~ 101 Il q. This price is high,
doubt, for any steamboat stock but must be
bered that the Pacific Mail stockholders expect dividend
Of fourteen per month, which, if paid would
at present rates make the price of the stock only S.
The business Of the is enormous all the thirteen
boats employed and at remuncrave than
have obtained before. In this connection we may
observe that paragraph relation an enquiry into
the affairs Of the United States Mail Steamship Company
has created some stir among parties concerned hear
Of enquiries for the stock at 49, Panama sympahses with
the Pacific mall and is also assisted by the accounts of
projects Of new lines the Pacific Il advanced two per
cent to-day, and freely taken at the advance New
York Central opened at advance Of Yesterdays
closing price; but when certain number OF ordersappa
renty close con,racts-had been cd the declined
q per cent and remained at that figure the afternoon
closing dull. Erie was without change. Reading
shade lower. We hear nothing Of the Of the
| floating debt OF the company which promised
week ago, and which to show up the nefarious
calrmnies Of the bears. Rock Island was active this
morning. at an advance of y per cent yesterdays
price, the companys explanation OF the unknown issue
Of stock being deemed satisfactory many quarters:
but the morning session advanced the stock
declined, and finally fell or y per cent before
the Board adjourned. 1t remained the same figure
throughout the afternoon. There were no trans.
actions Gaena. Illinois Central per cent day
probably IN consequence Of English orders Michigan
Central declined per this morning and another
tbs afternoon In the other Western stocks there was
change worth mentioning. We note sale Of Delaware
and Hudson at a decline Of per New Haven and
Hartfordone Of few successful and well managed
roadssod to-day III; which proves that the public
discriminating their horror Of railways ms
the brokers sometimes fancy. The business In bank
shares light note sale of FIVE shares Park an
advance Of Il per cent. The business in United
| States Fives 81 1874 larger than usual;
| the first sale the list at l03A Ia the loves,
yet reported Tho Illinois Central bonds are u !, bit
ter Ia Crosse land grants also improved y per
The closing prices Of tho day after the second board
were report cd follows at Northumberland ~.
IS; Eric, liza II Reading, 465s a.; Michigan Central,
So a y; Southern, 23A u; Panama, IFS y; Illinois
Rock Island csx ~ Pacific Mail, 1917 lo2 The
market closed heavy.
Tho business Of the Sub Treasury today was as fol
| lows
Total receipts. ..................... el350le 90
~ which from customs ................ IL 900 90
Total pay 1o5 Ii9 %
Total balance 12,0 2s $40 6l
The exchanges at the Bank Clearing House this morn
ing amounted 10 s1e,sI4sio 30 and the balances 10
$3.50 $50 n The Metropolitan Bank certificates still re-
| main at 600.
General George Doughty has resigned the Office Of
President q the Safeguard Insurance Company Henry
/ A. Mott has been elected in his place.
AZ the meeting q the great railway companies held this
morning q, the 81 Nchola Hotel the following roads were
| represented
The Baltimore and Ohio by j. W Garrett and committee
| Pennsylvania. y. Edgar Thomson.
New York and ETc........ Charles Moran,
/ New York Central ........ Erastus Corning,
| Dean Richmond,
| Isaac Townsend.
Ohio and Mississippi. Samuel I. Barlow.
Mr. Corning moved that Mr. Moran take the chair and
| 8 L. Barlow act secretary Carried The meeting
then began the business which had been called and
the discussion Of the questions at issue was com
mcnccd in harmonious spirit No doubt IA entertained
bu, the object Of the meetn will be attained by com
| promise and a general understanding as 10 fares
Al the meeting Of stockholders Of the Hudson River
~ AlDany Ntan
Richmond, Chester W. Chaplin, samuel Sloan, WIN. u.
Swift John l. scboolcrsft Elisha NJ Gilbert sidney r
Fairchld aud Henry II. Martin we're electei directors
and Chau ncey vbbard John Trotter and Palmer " Kc
| ogg inspectors Of the next election.
The Gaena and Chicago Union Transfer books will
close the 2sh q September and remain closed until
October T.
meeting was held yesterday forenoon as We learn
from the Transcript, Of the presidents Of the banks Of
Boston TO consider the differences present existing be-
the Suffolk Bank and the other New England banks
After much discussion the subject Of the Suffolk Bank sys.
referred 70 committee Of i've without instruc.
tons 70 be appointed by The chairman. The committee
was constituted as follows;-Thomss Lamb Of the New
England BANK; George W Thayer Of the Exchange Bank
A. Hail. Of the fremont Bank; Caleb stetson, OF the
shoe and Leather Dealers Bank and VIM Thomas OF the
Webster Bank. This committee requested 70 invite
the Clearing Ebuse Committee TO call meeting Of the AZ
socated Parks 70 consider the question Of admitting the