The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-29
FINANCIAL AN0 COMMERC GAL


WnSES,AY, April ZS--b L. NJ.
We have nothing 70 report in the stooS money
market Tho saue duinees prevails at tho Stock Ex-
change ard aboa. the prices rule The tendency
was sshy upward today in the absence Of all specu
lstve operations thero be no permaoency in any
position. Al the frst board to-day Now York Central
Railroad advanced y per cent; Erie Railroad, a; Road
sng, a Michigan Sou horn, old, "a Panama, y; Chicago
and Rock Island, Il. Virginia State 6's declined per
cent Missouri 6's u. The bcaIs appear TO have aosn
do1ed al hopo OF pressing the market much any lower
and they oorsse very cautiously The bulls are confident
Ct change for oeor before the lapse Of many days.
ard hold on 70 their stocks With full f In the
ton OF the most Indifferent the list The present
apathy amorg spectators u something extraordinary
under existing circumstances Ito accumulation
specic IN our bank vaults Ia looked upon rs
n favorable feature for speculation, but IL
DOS not seem to work should does not restore
confidence IN stock Investments and although ID Affords
fAotee for speculation, one seems dsposcd 10 avail
hmsef Of the opportunity TO extend stock operations
We wnnt very something 70 remove this dstrust In
che public mind, and that something activity In bust
nees An active trade would do more towards giving an
impetus 10 speculation at tho sock Exchange than all the
sccupuIaiious Of specie 10 bank vaults. The move
nens OF produce aud q demand from the country upon
che scabcsrd for merchan Use would gvc activity 10 rail
road traffic and scatter Of the piles Of bullion lying
useless In Wall street uli large portion Of this specie
gets scattered the country, and gets Into circulation
once more, through the channels 81 commerce, we
expect much revival in trade Inc reports shoS
ting increase in the specie reserve OF our banks,
from week to week, OF million Of dollars, and
the accumu alton OF thirty four 10 thirty dvo mil
lion In hand, have no effect upon tho pubic
mind and sensation among shrewd nnanclcrs,
but oue Of sorrow stu vi work calculated 10
prooug tho revulson and prost or m,5t vital
I'd tfla uaarL uvaQ N
more buoysnt bat small s'nour OF business was trans
acted Eie Railroad advanced 2. per cent I:eafirg, Il;
Chicago and Rock Island, In Crosse and nlgaukie, 4.
Huduoa River Raj read closed steady 20 per cent cash
There sales Of Nc~ York Central Raroad At tho
board this atcrnoos bat prices wore fraction higher IN
the stree, after the board. Ia Crosse land grant bonds
cold al 81 u q 81 y, cash
The Assistant Treasurer reports today Is follows
Total receipts ssssis ~
pay monts- ..........s's'''s.'''''' ~. ..
balance ..Ssooitfo 81
Tho receipts include s3o 600 iron customs.
Tie TRANSACTIONS at the Clearing House today wore a.
follovs,-
Total exchanges "
Total balances. LODI POI 70
The stock OF the Second Avenue Railroad Company was
by vote the Beard Of Brokers' placed upon the books
of the stock Exchange and will hereafter be daily called.
This company well managed, and It's finances In sound
and solid condition. CITY rsiroad stocks getting 10 be
great fsyortcs with capitalists and considered among
sbe best Investments OF the day. Most o them range
above par and command handsome premiumsL The Sc
cood avenue line has Of the best routes the city,
controls all the travel aous the river On tho east side OF
che island
Tbs receipts OF the Eio Rdtroad Company for the rs
,ucp,y seven days Of April this year sh,r OF
ara COO over those for the period last year. Nearly
ali ,be other important Of railroads in the country win
.ho an increase notwithstanding the reduction In rates
OF freight
Tho n,crest coupons on the seconi mortgage bonds OF
tbe Central Railroad Company Of New Jersey, due the
Is, Of May will be paid thai day at Its oice NO. 60
Wall street
The interest on the third mortgage end convertible
bonds Of the Hudson River Railroad Company will be paid
at tho ONCE Of the company No 6s Warren street, on the
LIST Of May.
The land upon which the Rock Island bridge IA built
and which was advertised for sale BY the Land Depart
mont as public land has boon Withdrawn By tho Sccrcta
n.y. The oomrsny claim under the act Of 1861, which
gives ell railroads the right Of way through lands belong
ing 70 the government
Holders Of Mississippi Central Railroad bonds arc mott
fed that interest duo May are 70 be presented
ut &c Wall street.
All the March coupons Of the Erie second mortgage
bonds have been paid and the cOupors q tho mortgage
bonds due May will bo promptly met
Tho Ia O"se wis., DcfcTof says thst IN tnh rogon
che farmers are working Ike bcavcrs and will pit IN
about twcc the amoun Of any preceding year Tue Demo
Graz says railroad VIII be Just time for tbcm-"
The Boston Traveller says that tho attempt " procure
,crptIon among the stockholders Of tho Hsioy Falls
COMPANY W pay ois debts and property from
being forced into chancery, having failed, majority Of
abe stochoders have pcuonci the Supreme 10 ap
point receivers c possession Of the assets and spply
shem 10 the payment Of the debts OF the corporation
ALSO that the court win decree dissolution Of the corpo
ration.
No ucvcmeti r be b,ts IN te rolr pr ef'i c;He