The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-25
FINANCIAL AND COMMERCIAL.


MONDAY, May A-6P M.
mere was quite n pauc among holders Of railroad
securities this morning, and decline ranging In ssme
Instances high two per cent realized. There
q very large business a, the current rates; and
although operators appeared TO be god deal frightened
For the moment their fears not deep rooted enough
10 induce extensive sacrifices AT the nrs board Missouri
HAie 6s fell of y per cent; Tennessee 6s, " Hudson
River Railroad third mortgage bonds, l. Ia Crosse land
grant bonds, "; New York Central Railroad, ~; Erie,
AZ Hudson River Railroad, q Reading, p Michigan Cen
trpl Railroad, III Michigan Southern, DID, IL; do, pre-
fered, IL; Panama. 2; Illinois Central Railroad, L. Ga
Lena and Chicago, IL Chicago and Rock leland, 2. II
viii be that The decline universal Everything
IN tie LIST sold lower prices The principal business
vAs confined railroad stocks state securities and rail
road bonds we're freely offered aud the sales made
no very great change appears Tats violent movement In
abe sock market will do great deal OF good II viii
give life and activity 70 speculation and bring In new
glasses Of operators Any change vas better than
ne DALI stupid, heavy market we have reported
fw 20 many weeks, and we now have Que
Mat win tempt new buyers, and give even
the old bear party q chance 10 come 70 for An up
ward action. We may look for more spirited opera
tous and not at all impossible but thA, an imitation
vfn follow The present important fluctuations equal to
shaa realized the early part Of the spring The prnc
psi causes Of this rapid depreciation In market values are
almost entirely local. Political Affairs have very little 70
do with H. The market for weeks past has been %
vpform and steady, and the movement has become 20
susgish thai became daily evident that an active
speculation could be promoted only by letting prices
devn 90 q attract q sst Of outside operators Al
prices ruling up 10 about The close OF last week was
considered that suc ent margin dd NOT exist for rise
10 induce the investment Of capital. Such margin
v~ desirable, and such margin has been obtained By
be decline Of The past few days AZ the seconi boprd
sfr and IA n hnr Io~cr In
prices Ia Crosse land grant bonds fell of X per cent,
Erie, Z Michigan Central Railroad, y. Michigan South.
crD, old advanced per cent AMER the board, the
kst unsettled but without mseriA change In prices
The Assistant Treasurer reports today as follows
IoA 500 ses q
Iots psy eso,oso ~
1osal ossnce....... $3.50 $50 IS
The receipts 10 day include t4o 900 from customs ana
81, no. 600 for treasury notes.
The transactions 81 the Clearing Hou,e today we're as
folovss--
fetal exchanges 300 300 81
toea balances .................ss..ss..s. l4s642 "a
The bank statement for the week ending Saturday, May
g. compared with that Of the week previous exhibits
following variations the aggregates Of the leading de-
psrtnenu
Increse in loans and discounts. 1920
ptotes.e n specie ....s................... teJxol
decrease IN circulation ACKNOWLEDGEMENTS. 1p5,550
increase N deposits. $685.
1he increase IN discounts lsst week was quite large
larger Than we have reported IN any week since last
SUMNER The aggregate H above that al this time
last year The decTeaSe In specie not 30 large s yas
generally anticipated. The payments into the Sub rres-
sur account Of The ssue q treasury poes have
Cor some time past been large, larger reduction than
chat reported In The specie iooked for me
average At The olose Of The week decreasing one
ard the next return will probably show fursher reduc
ton We have another California remittance near q, hand
whichviIl make up for portion Of she depletion The
deposits shoW q moderate increase, but mall compared
win tho noresse In discounts. The banking move
neui generally shows more activity In money, and
better outsiit demand The specie reserve may touch
higher points, hut ne future accunulaions VII not dis
tOrb " fres.er Cxtsn' tie operations Of trade. The
D0yeuon;s Of Vac Reroaatie ehases hsye already nd