The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-16
FINANCIAL AND COMMERCIAL.
aOHEY mAaKET.

SATURDAY, May 1b-P n
Quite change In the complexion Of tho stock markst
took place this morning TIE tendency Of prices through
upward and several of The most stocks
an importan. Improvement realized. A, the first
board Virginia state 6's advanced per cent Lacrosse
lar grant bonds " Pacific Steamship Company, O. Erie
Railroad, y; Hudson River Railroad, y; Michigan Cen.
ual Railroad, "A Michigan Southern preferred, Y; PaDs
ma. III Gaepa and Chicago, y. California STATE rs new
bonds sold n 90 Pe< cent Lacrosse land grants we're
demand ana closed firm At the advance. New York Cen
trial opened and closed at s per cent. The most active
movement this morning In Hudson River Railroad n
efs of firm 81 q per Bsok stocks are daily sold
In small lots Ut full prices. They are steadily improving
Pasihc Mail Company stock has about itself and
Is moving upward illinois Central Ia steadily settling
down. II has support this side OF the Atlantis and
must before the lapse Of many months show s rotten
Panama in demand morning, nut present
prices bring out very little stock At the board
the upward movement continued with even more force
and visor. Missouri State 6s advanced per cent Della
ware and Hudson, y; New York Central Railroad, a;
Erie, u; Gaena and Chicago, y; Hudson River Railroad,
VI Michigan Southern preferred, y; Papama, I. AFTER
The board price, we're firm and elsed with strong
ward tendency.
The transactions ct the Clearing House today were as
follows
IosAi sronang~'''''''' sses3! e
TOTAL baianoess 1,l0s 28l 80
The receipts Of the Mutual Life Insurance Company for
the quarter ending April 20 amount " SOS a7s 49, and
The disbursements fbt, eb7 o. The assets OF the com.
pany -, bSs fe2 a. The total number Of policies In
force The cioee Of the quarter 1857 Of which
9T9o for life Increase policies quarter 2s7
he Charleston Mercury Of May L. In speaking Of the
banks ofthas city reference the resumption Of specie
payments, remarks
The community will be ersnncd 10 learn that ycster.
day afternoon, after discussion OF toe mater by the
presidents Of the non specie paying banks of Charleston
deemed advisable not 70 specie payments
fore July. The time for resumns IA fixed; and
pered indicated the subject, a. UNDERSTAND will again
come up for CONFEDERATION The condition Of banks
and Of the pcopthe amount Of specie on nand and the
residue Of exchange left the hand with the WAITS
OF the immunity 70 be met with the other will then
influence The action Of officers In charge for
IN held that, under the circumstances both moras and
honor require Of the banks careful regard 10 tho public
veal Good faith towards the state 10 reference 70 her
late legislative ensctmeDs relic wing the banks from the
consequences OF misfortunes brought upon them by
Northern connections order shield the people from
the effects o. undue strirgency In the money market,
which woald, osher~ise have followed requires olrcum
specton @ the results Of premature resumption upon
the community.
The Buffalo Coprser q May IL publishes the following
able, showing hssmount Of tolls received al the Buffalo
Office during the arst ten days tina, The has been
open last year and this