The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-17
FINANCIAL AND COMMERCIAL,


TAxnAs, April le-sPM
1Detendency Of prices n the sssk market wse 4ows
ward MS morning from The opening 70 the close
very moderate amount Of buslnass transacted, and
nOst of the operations were time At the first beard
Virginia State SIS declined per csa: Canton Company
y; Nicaragua nauan, y; New York Central Railrosd, *
noAson River Ralrsad, J. Harlem, Il Reading, ~; Hch
Gan Southern, old, TX; do preferred IN; PANAMA. x
caaena and Chicago h Cleveland and Toledo, /; Chicago
"a Rock Island, 2 DulDess has now been the char.
sserisc Of he stock market for several days The large
short interest Al the board occasionally makes brief
ssrt 70 dsprces prices but with The cepton Of this
mere movement Of any kind 70 note The bulls are
quiet and indifferent II they bad no interest in the
market Aeir supply Of cash stock is comparatively
smA-far hess than generally supposed; and in the
PRESENT state Of the money market they can
enrry III for length Of time without nconve-
..ssnss. Meanwhile everything tends 10 imitation in
DsiUes. Some day, perhaps before many Gays elapee
will organize party 70 carry mp stocks and the
v-bBc viii be amazed TO perceive the and rapdty
with which the leading speeulatves will rise As usual
n such the public, which hangs back when the
roper time arrives 70 purchase will rush in when stocks
ten per cent higher We have seen this over ovsr
sgsn and with all the experience Of the past the outside
public cannot be induced TO purchase lev points The
ncv upward movement must originate in the street AT
the second board quite improvement realized with
Pretty active market Illinois Central bends were y
Dwer. Pennsylvania Coal advanced 4 per cent; New
York Central Railroad, x; Erie, ~ Hudson River Rail
road, ~ Milwaukee and Mississippi, n Reading, a;
Michigan southern, old, l. do preferred "a Pansma,
eaieHa a Chicago, "a Chicago and Rock Island, After
sieeed very him
ssa,ns: certain mutual insurance companies was argued
The involved the right OF the city &c tax premium
and the premiums o. companies formed on the
-. principle. The Court gave Judgment u the close Of
ase Argument in favor Of the right to tax.
win be seen by advertisement, in another column
ohss quite 10: Of promssory notes have been stolen.
caB account Of each note given and the public
Honed against negotiating any Of them
ne Assistant Treasurer reports to-day As follows
9sss receipts slo5i21 l6
. payments. .........'...''.......-.. 40 -
balance ,S3S 1897 81
The receipts include $40 900 from customs and the pay
nents include SIC, 900 on California drafts.
The transactions a, the Clearing House 10 day
blIcws-
HsaA exchanges %
Doeal baiaDcee l,ooo,oos eo
The Metropolitan currency certificates are nov reduced
10 $4,000.
1ne steamship Africa, at this port from Liverpool,
brings four days later She hiss on freight
S62s 600 in specie. slight decrease in quotations for
sossss rs reported. No change has been made in the
hank of England rates Of interest The last returns show
decrease the bullion department OF fIo4 sos. The
bank hss adopted resolution not to make further loans
hong paper This is another step in the right direction
n the money market things remain the same further
Aecne In cotton is reported, with very moderate bust
nees
The London Circular OF 4. r. Sa.terthwaite says
The market for American securities In London has been
Aln during The week, especially for the securities Of
New York ana Erie and Illinois Central Ia rosds New
York Central and Michigan Central remain firm last
snoa.,ons Illinois Central have been dealt in TO
sess at discount, and close buyers so.
Hessrs stolterfoht, Frost Co., IN their circular pre-
pared for the s,carer. remark
We have nothing TO say about business except that Is
restricted before. We still unier the effects n
the cree, which reacts upon US from abroad aud
mis- must for time longer. II s in this
way that manufacturing population which n the first
instance remained TO great extent exempt iron the con
SEQUENCES Of The crisis, Is nov reached by them