The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-16
FINANCIAL AND CONNER ClAL.


| Will 4 great deal OF HrmneSS. At the nr5t board
Michigan Central bonds improved Z per cent? Iii
rois Central Railroad !; Pennsylvania Coal Com
pany, /; Cumberland, 1; Pacific Steamship Com
pany, A. New York Central Railroad /; Erie, IL;
Harlem q; old, 4; do. preferred, a. Reading Rail-
road, I; Michigan Central Railroad Il; Michigan
Southern (olD }; do. preferred, D; Panama, /;
Cleveland, Columbus and Cincinnati, A; Galena and
Chicago, II; Cleveland and Toledo, a. Chicago
and Rock Island IL. Delaware and Hudson de-
clined per cent; La Crosse and Milwaukee, II;
| L. Crosse land grant bonds, l. With a very active
business in Missouri State 6s there was change in
| prices. In other State stocks there was a very
limited movement, at prices previously current
| We notice a sale of Eighth Avenue Railroad stock
at 25 per cent cash. 1t is very seldom this stock
| appears on the market. City railroad stocks gene
rally in the hands of parties pretty well posted
relative TO the present and prospective value and sales
are seldom made. The advance this morning in
Pacific Steamship Company stock was quite large,
on very small sales Harlem preferred stock opened
at % and closed at % per cent against Il per cent,
the closing price on Saturday. Erie was very active
| at the FIRST board. The advces from Mr.. Moran
garding the loan were favorable, and it is the i'm
preston in the street that he will get all the money
he wants upon the most satisfactory terms Attic
second board the market was lower for some stocks
| while Others were better. Pacific Steamship Com
! parry advanced ] per cent; Pennsylvania Coal, l;
Michigan Central Railroad, /; Michigan Southern,
preferred, Galena and Chicago, 4 Chicago
and Rock Island, j. Cumberland vas / per cent
lower Erie, !; Harlem /; Reading I; Illinois Cen
tral Railroad, /; Cleveland and Toledo, ]. Cumber
land coal took was dull and neglected this after.
noon which is probably due 10 the fact that bin is
pending before the Legislature OF Maryland TO au-
thorze the company 10 issue preferred stock 20
amount sufficient 10 remove the entire floating in
/ debtedness Of the concern. The point aimed at by
the clique of spectators in this notorious and worth
less fancy stock, is To saddle the whole quantity
afoat upon the outside operators, at inflated prices,
1 and then LET the thing drop. With the exception.
perhaps of the Delaware and Hudson and Pennsyl-
vaua Coal, there is not coal company in the coun-
! try actually earning it, annual expenses, saying
thing about dividends on the millions upon millions
Of capital represented.
II will he seen by an official table in another CO.
lumn that the expenditures Of the federal govern
ment during the quarter ending Dec. 81, 1867,
about ten millions of dollars more than the receipts
/ in the same time. or the disbursements, all told
1924 les sc were Of an ordinary character. In the
/ month OF October the return of government stock
for redemption was quite rapid, and up to more
/ than two millions in o short time. The surplus
however. run down fast and far under this de-
mand that the Secretary was compelled 10 with
draw his proposal. aud redeem no more stock. The
rapid decrease in the revenue from customs changed
tic entire financial programme Of the Treasury De
partmen,, and forced the government into an issue
| OF treasury notes.
The Assistant Treasurer reports to-day as fol.
lows
Total Fcccips. sl5i2I2 ~
Toial Jay merits 1880 ~
Total balance 705 81
| The receipts include sec 600 from customs and
the payments incude si5 600 in California drafts
| The amount Of currency certificates held by the
banks today is reduced TO 81 900, being a de-
crease since Monday last ofs2ll 900, and Of sl.35s
600 since the first Of January.
The transactions at the Clearing House today
! were ~ lolcws;-
roa, -
Total bAl-r'es liOiSfS 5S
The hank returns for last week. compared with
those for the week previous. exhibit the following
changes in the aggregates Of the leading depart
| ment-:-
Increase IN loans discounts aTs
Decrease Ia crculat .... 25s. 500
Dec' ~" IN deiost, sctusl ............... 1882
! Tho barking movement last week compared very
I
I changes are unimportant. The deposits show a
| sigh; decrease for the first time for many weeks
! The aggregate is still above seventy million, an
auount which must at no distant day lead TO an
important increase in the line Of discounts. In
the specie n reduction Of a little less than
half a million is reported. The total ranges above
thirty million, with a California remittance Of one
Ind quarter million TO go into the account for
Nh Of tiq T1,o npf he
next returns will probably be above thirty.one mil
lion o. dolars In the discount line there has been
small increase, bort the aggregate Is a great deal
less than when tie deposits we're fifteen millioa I'M
der the present figure.
Mr.. Wm. 5. Morse and Mr. Edgar w. Morse have
established themselves at No. Is Wall street under
the GIm Of MJrze & Brother, a. dealers in bank
notes, exchange, specie and land warrants
Tho earnings of the Pacific Railroad of Missouri
U2j nlles) lor the month Of January, this year,
were rs follyws-
fTtsht~ ia,iG5 "
ns's l,jol as
lSas H. .s::;; 1877 ..,s 70
Decrease for IS
The earnings Of the Michigan Central Railroad ror
January were 1922 $50 o. sgsins. slI3,33G IS in
/ lSj7-s decrease Of t20,955 30.
The earnings of the Central Railroad Company of
| New Jersey for the month of January, 1865,
b., ,se =, mo month lac, yas, ~
I
lhcFesse 81
| Statement Of the amount OF treasure transported
/ by Wells Fargo Co. California, during the year
/ ending December 81 lsj7:-
Amount OF treasure received at san Francisco office from
nvcISr ~ -anorna ...-. ......... sbo,Si',l4s W
| Treasure transported from Gan FRANCISCO
70 The interior OF California. ......... 1907 2p %
4
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