The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-05
FINANCIAL AND CONNIE r GAL.
MONEY M lar X EFT.
TurpSnAy Fob A-c

There was a slight reaction in the stock market
to-day, with an important increase in the extent Of
transactions In all the leading speculative stocks
the activity among operators was very great, and
exceeds anything we have seen for weeks. State
stocks were not quite so buoyant this morning, but
none pressing for SALE and the depression can
be but temporary. They all recovered imme-
diatey after the adjournment of the board In rail-
road bonds the demand was fully up to the supply,
and prices were well sustained. The great move
ment to-day was in railroad stocks, and it was by
no means confined to few. 1t extended to all,
although, in most instances, prices were not fully
maintained. At the first board Erie Sd mortgage
bonds advanced 4 per cent; Michigan Southern
Railroad preferred, 3; Panama, Z; Third Avenue
Railroad ]. Virginia State Gs declined II per cent;
Tennessee State 6's, 4; Missouri 6s, /; New York
Central Railroad 6s, J; Delaware and Hudson, ];
Pacific Steamship Company, 1; Harlem, Il Reading,
/: Cleveland and Toledo, 3; Chicago and Rock
Island, l. In New York Central Railroad the trans
actions up about three thousand shares, opening
at sig and closing at 81 per cent cash. In Erie the
sales were quite large, and the stock closed at
slight improvement. Panama was in demand, and was
firm at the close Of the first board at "a per cent,
cash. Cumberland was well maintained, with an
active demand. An offer made for 900 shares
at 172, buyers option, thirty days, without finding
sellers. AT the second board the market for some
things was lower. Missouri State 6s fell off per
cent; Ia Crosse Land Grant bonds, !; Pacific Steam
ship Company, 1; Erie, I: Hudson River Railroad,
J; Reading, I; Michigan Southern, old. 4; Hi
nois Central Railroad, 1; Cleveland and Toledo, i
La Crosse and Milwaukee, J. Panama Railroad ad-
vanced per cent, and was in demand at the close
There are several large orders in this market for
Panama from Europe, and most Of the purchases
to-day were on foreign account. After the board
Cumberland sold at III per cent: Erie 49, Central
sla; Missouri 6's, SO, having touched s23 the low
est point. Galena and Chicago was steady at 79j
a so per cent. Rock Island was lower, and quite
neglected. The management Of this concern Is by
no means a unit and much trouble is anticipated
before harmony can be restored. The decline in
Pacific Steamship Company is attributed TO the fact
that opposition line from San Francisco TO Pana-
ma isannounced. The OriZaba runs on the other
side in connection with the Northern Ligh. on this
side.
The Assistant Treasurer reports today as fol-
lows -
Total receipts. Si64G y
Iots pay merits o5eos ~
Total balance 1882 ~
The receipts today include $4,000 from customs.
iHt HiuIStiOH WI tiiC ipdlih VI siuih tVuutl
Of Hartford, Connecticut has been removed. and it
has commenced business and made arrangements
for the redemption of is circulating notes at the
Suffolk Bank in Boston. George VI. Bartholomew
has been elected President Of the institution.
The amount Of currency certificates now held by
the banks is reduced to 6,OO0 decrease of
$4,000 since Tuesday. The exchanges at the Bank
Clearing House today were sl7 500 ,9l3 40 and the
balances paid were 81 1923 SOC 81.
The New York Fine aad Marine Insurance Com
pany has declared semiaiaual dividend of ten per
cent, payable on demand. The United States Trust
Company has declared o seniannual dividend of
three and half per cent payable the 10th inst.
The coupons on the third mortgage bonds Of the
Michigan and WATERFOWL Railroad due on the lst
inst. viii be paid Ut the Ocean Bank in this city.
The Philadelphia banks by a resolution Of con-
vention Of their Presidents yesterday. resolved to
resume the payment OF specie on all their liabilities
forthwith. This is a mere formal action, the banks
having been actually making their specie payments
in full for two or three weeks past. II was supposed
in Philadelphia that the action Of the city would be
Immediately followed by the country banks.
The Albany Journal OF last evening publishes the
annexed statement Of the results Of the business Of
the New York Central Railroad for the six months
ending January n, 1855
NEW YORK CsSIRAL RAILROAD