The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-25
FINANCIAL AND COMMERCIAL.
n o EY n A n X Il +.

"WEDNESDAY, MATCH ASP. NJ
There quito turn In the stock market This
Ing Prices turned pretty sharp corner Is 1t about
difficult the board to-day to get stocks it yes
terday evening 70 sell them. The advance Was quite
general, and ranged from half 10 three and half psr
cent La Crosse land grant bonds improved per cent
Canton Company, Ix Cumberland Ceal 1; Pacific Steam
ship Company n New York Central Railroad 2; Eric, L.
Hudson River Railroad n; Harlem, =; Reading Railroad
D Milwaukee and Mississippi *; Michigan Southern, old,
III do. preferred, 81; Panama. 1; Illinois Central, Il
Galena and Chicago, 4; Cleveland and Toledo, IN; Chi
cago and Rock Island, az La Crosse and Milwaukee,
There very active movement this morning In all the
leading speculative stocks, but the market reapsed
little towards ths close New York Central opened firm
80 per cent but fell OF ssx and closed a. $50 per
cent cash. Hudson River about the throughout
the session The earnings OF this road In February
OF 600 than in the corresponding month last year.
and the pay roll was $40 900 less. This equal
increase the net Of SAT 900 for tho month";
pretty good towards the reduction OF the floating
debt Michigan Southern, both old and preferred,
In demand this morning and advanced rapidly The i'd.
In preferred used by the shorts to put out
contractsto extent. Cleveland and Toledo LEFT
of fraction better than the opening, and the
tons sum up than two thousand shares. Canton
Company much better to-day. 1t opened at xix and
closed at 22A cash, with moderate sales. Only small
1t closed dull yesterday At Is per cent Chicago and
Rock Island shows q very important Improvement, with
very active sales. closed little weak. and sellers
hibi disposition put contracts rates.
New York Central is in fair way Of being carried to
points higher than have yet been touched. There is
very strong party in it, and their success is pretty
tain The stock goes abroad in large lots by every packet
and Is held this side with great confidence spe-
culators for rise can carry it easier than any other
the list and IL Ia therefore favorite with operators
The chstte mortgage Of the New York and Harlem Rail
road Company to Cornelius Vanderbilt and Daniel Drew
for million dollars, to secure them for ad-
vances made to the company, and also 10
secure them for their aoceptanoes of the drafts
of the company during the late commercial crisis,
has been within few days past paid Oh and satisfied and
satisfaction Of mortgage has been In of
law executed by hem and properly authenticated before
Commissioner Deeds and delivered to the company,
and In their possession. This done by
Of the new loan which all taken 70 the extent Of
Million for bonds to be issued by the company payable
In ten years and 10 which Mr.. Vanderbilt was a very
large subscriber This pretty significant Of the conf
dence he has In the company, under its skfu and EN-
Gent management There Ia cbatel mortgage or
any other lien road against the company any
kind description payable before 1866, years TO
come when the first mortgage bonds became due. Tho
loan pays of and wipes out the entire floating debt
At the second board there very firm market, and
In some stocks moderate advance realized Mis-
souri, State 6s advanced per cent Pacific Steamship
Company, /; Cumberland, u; Cary Improvement Compa
ny, III Harlem, 4; Hudson River Railroad, 1 Michigan
Southern, old, III do, preferred, "a. Lacrosse land
grant bonds closed steady at 90 per cent
The Assistant Treasurer reports to-day follows
Total receipts. S21l,l95 y
T<al pay mems. eg,sla II
The receipts 10 day include 500 900 from customs.