The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-10
FINANCIAL. AND CONNER GAL.
HONEY MARK Ey.

SATURDAY Jan. Sc p. N.
Quotations for stocks to-day show q further ad-
vance and the transactions show an active market.
At the first board New York state SIS advanced |
per cent Tennessee State SIS, 2; Missouri SIS. q;
Virginia 6's u North Carolina G's, ?; Pennsylvania
Coal, q; Erie Railroad, 4; La Crosse and Milwaukee,
4; Michigan Southern. old, 4; Milwaukee and Mis-
sissippi, II. Chicago and Rock Island Railroad de-
clined per cent. There was no new feature de-
vsloped in today's operations The bulls do not
make mach progress in their efforts TO attract new
purchase, ana and that the only way TO sustain
prices Is to keep buying The only demand for stocks
is from the shorts for delivery or maturing con-
tracts, and as the bears buy in for that purpose
they put out as much for future delivery. The
brokers cannot keep up prices very easily among
themselves for any length Of time. They look for
and require an outside absorption. No soCh sup
port can come TO the market under the present state
of finances. There is hardly corporals guard left
OF the great army OF spectators which Few
months since swarmed throughout Wall street.
At the second board the market was steady, and
that was about all. Missouri State So advanced
per cent; Hudson River Railroad, 4; La Crosse and
Milwaukee, 1; Chicago and Rock Island, l. The
pressure oSetock for sale great that the bulls
we're forced 10 become active buyers, and IN this
way sustained prices. State stocks were held gene.
rally at higher rates.
The Assistant Treasurer reports to day sfollows-
Total receipts. sl2ot3s 81
Total payments assW ..
Iotai 20
The receipts today include $4,000 from customs.
The steamship Arsgo, from this port for
Southampton and Havre to-day, carried out
sl65 100 in spccie--principally gold bars. The
closing rates for sterling exchange were 81 a ~ per
cent premium. The business in exchange was quite
active by this steamer.
The exchanges at the Bank Clearing House today
were sl2,557 ,2O3 o., and the balances paid were
1851 LOG SO.
The Providence Journal Of the sth inst, says
on the FIRST day Of January the Hartford, Providence
and fshk Railroad Company failed Tor the rst time, 10
meet the interest on its bonds But this owing solely
the great suspension OF business the route reducing
the income little more than the running expenses OF the
road The receipts Of September $1,000 snd up
that date the receipts Of nearly every m,nth the
road has been opened had exceeded those Of tho
pondng month Of the previous year. There every res
20 believe that with the resumption OF business the
receipts OF the road will again rise amount equal
the interest the bonds and the contribution the
sinking fund.- and that they will continue 10 increase With
the increasing trade and production developed along tha
There has been some disagreement in the direction
Of the road, Of the precise nature OF which
not informed A few days ago 40 attachment
Was levied upon the entire property Of the company
in favor Of A. W. Sprsgue, who the largest
stockholders and the largest oondholders not excepting
the cities Of Hartford and Providence, and u the
members Of which house Is the President II is ocnse
quence OF this understand that the directors resolved
70 surrender the rosd 70 the trustees.
Al the meeting 4 resolution adopted tra1s-
ferrng committee OF the directors the principal
tive powers that have been heretofore exercised 81 the
Pressent We learn thai u conveying the 2rcp~r,y y