The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-21

by 81, means DO renewed and margins provided
Capital ihus employed will, hey ond all qusson prove
productive investment The decline realized
not only the strongest Argument for holding on, bat The
best tie world why buyers should in With
perhaps three exceptions stocks quosaons
good enough TO hold for future producveness in
vest@ens to netting about speculative inha,,n from
time TO time. Better dividends will, without doubt, be
allied Hudson River Railroad stock simply by the actual
increase In intrinsic Waldo Of the stock rather than by
the direct payment Of the mary semi annual rates.
Chicago snd RoS Island tstrixes must DO very low at
press prices Il Is svorse Western road fss from
debt ard well managed IL has the only byides
the Mississippi river, and therefore enjoys immense ed
varsges for rSegbipg purposes. At the second board
the market shade two better. La Crosse Land
grant bonds advanced per cent; Canton Company, "a
La Crosse Railroad, y; New York Central, II Erie y;
Michigan Central az Michigan Southern d. preferred,
~ Illinois Central y Chicago and Rock Island, ~ Most
OF The business this afternoon for cash Panama
close. at 1857 per cent cash.
The steamship Arabia, at this port from Liverpool,
brings three days later Her si7ces no. At
al important Consos remain without ma.eria alteration
Tho closing 9o,s 96 per cent for money,
and S6 oezs FOR account. The London money market
continued quiet and easy and the rate of interest the
Stock E1cha sc two per cent Bullion IN the Bank Of
England bas been reduced s5 o5e. The Bank OF France
next monthly statement The London circular Of E F.
Sat:eythwaxe says
Transactions In American securities in London during
the past week have been limited scale. TIE chief
fesure hes been demand for Erie sinking fund bonds
owing to the reported from New York. o. 22h per
cent during the fortnight ending the 10th nit Erie shares
haye brought 70 and 49, wich Is also slight adyance
much sought ster for investment bu. extremely
scarce; those Of 1882 freely offered at 81 New
York Central bonds have slightly decned The shares
no quoted ey-6vidsnd and cave orough. s0H and
81 Pennsylvania boDcs steady at oruner quotations.
with MODERATE transactions Illinois GENITAL bonds have
been inactive without any change price TIE shares have
been dun, and close III 10 Discount We have not 10
note any ansac:iors in tho rev bonds recon !y sued
The ctiors noiraiy quoted TO " premium. The
market closes weak, w!thou. animation.
An advance Of eighth Of penny in cotton -
ported, With active market Breadsuts aud provi
SONS dull, without change in prices TIE Arabia
brpgs sac 700 freight, which looks If the expects
uon Of a return of coin 70 this country will
realized
The transactions at the Clearing Rouse today were as
follows
TOTAL exchanges 81, 1856, lbs ~
Total baisnces Observation-Disclosures. ss3,3el -
The Metropolitan currency certificates amount TO
$S7s,ooo
The Philadelphia Bank Clearing House will commence
ns Operations Monday next. at halfpast O'Clock,
FOOTE'S having been prepared for lis in the Trmers
and Mechanics Bank building in Chestnut street above
Fourth street.
At the annual meeting of The Boston and Pn.sburg
Mining Company (Cf nne), held at tsburg the 18th
nstapt voted 10 increase the number OF shares
from coo 70 co,oto.
Annexed Is lis; of the hanks which have boon selected
repositories of tho canal tols The shares 70 be
equally divided, except where otherwise noticed
NEW YoRK-Butcbsrs' ana Drovers' Bank Marine
Bank, Ailant; Bank, New York. Mechanics Bans
Alhas1-Mbany Exchange Bank, Merchants Bank,
Bark Of Inc Capitol.
rpo N r.x,
Bans, a25; ysnuiao,uIors' Bank Is STATE BaS roy
+26 Union Bank, %; Market Bank s25.
SCHENECTADY Schenectady Bank.
FrLrosvnLs-Mchawk River Bank.
LIME FAILS Herb mer County Bank.
rueA- Oneida Bank g udca City Bani, "a.
RoxB-B BANK OF Rome Fort stanwlx Rank
SsAUss-B1rnet Bank, Merchants Bsns, Syracuse
JoRpAs-Auburn CITY Bank.
IYosS-l yons Eank.
PAMvRA-Cuyless Bank.
Roc1nsrEs-Iarmers' and Mechanics Bank, Monroe
County Bank, Flour City Bank, Commercial Bank.
Observation-Disclosures Exchange Bank.
ALnos-BAnk II Albion
krnIsA-NeanAB Bank.
IOeKroRr-ExchApee Bank, Niagara Comfy bank,
TcSAwa,p. AND srfyAro-tlinton BANK, - ~ mites
Bank 20; Bank Of Atca, rs; Farmers and ianics
Bank OF Genesee, 425; Marine Bank, 20; Buffalo City
Bank 20, New York and Eric Bank $40, International
wArIwoRp-sarstor. County Bank.
Fosr EDwaRD-BAnk OF Fort Edward; Farmers Bank,
wnTsissIl~IAsk Of whitehall, Commercial Bank.
s.u,A-sslt Syringe Rank, syracuse.
oswSso-ci,y BAnk 5-lO; Lake Ontario Bank $40; Ma
rnc Bank . 10.
sssscA rAus-sensca County Bank, Waterloo
GESxyA-Bark Of Geneva
lrHAcA-rompkine County Bank
HAv.sA-S,sabep County Bank, Bath.
observation-disclosures County Bank, Enlra-
CoSasG-Stsabeo County BAnk Bah.
Penn YAs-J. T. Raplee's Bank, Dundee
Hssuros--Hsmilton flank
o1YoRD-Bank OF Norwich, Norwich.
BISeHAsros-auequehAnna Valley Bank.
scorTsyulk-Farmers' and Mechanics Baak, Rochester.
NouSr Inconsistencies River Bank.
pAvsvltIB--Rank o. nsnsville
ORAvsI and oRIxAS-Cuba Bank, Cuba
BooNsiLls--Uuca City BANK, Uuca.
HooEs-Rone Exchange Bank Rome.
The New Orleans Delta or the OH inst says
The So bern Pacific Railroad In which tho whole
NOT M ' BE- su an ~
attained result OF necessitycLn nov, by ia managers
report gratifying progress now somo eleven months
since the headquarters of W. direction removed 70
this city, is books here opened FOR subscriptions
and within that time much has been satisfactorily done for
,cr.puon has added ss22,7s2 to the sum Of a2sTi,
40, which the amount CT stock TAKEN that the books
operation have Seea perfected the capital stock Of the
company viii have been reduced sI7n oe3 since April last
s.yo1 has %, bee, Tss 20 s bssr ,ne o%psDy . ~
grant claim Of use 600 established the lands
been located and surveyed and are reported 10 be Of the
most valuable de,crpon, and further appreciated by
ct OF The Texas Legislature raising the prices of her pub
| Ii. isnds We presume there few who that
the plan Of the company 10 depcnd upon the resource
Of subscription 10 stock for the OF carrying their
gigantic undertaking. The amount Of stock Issued will be
comparatively small and It's proceeds, Of course, alto
gcthcr Inadequate but the inense and valuable real
| curi;cs which the land grants enable The oompany 70
offer, will successful nego,stcos and this donsed
viii pay of the bonds for construction. Whoever
takes stock In the enterprise becomes also shareholder In
these valuable ands 80 that the 81 ck not only represents
is own proper TAR value, but the immedfe premium OF
I've rroJorcnsie share In N. lands This understanding
the merits places the stock light Of proper
dit and gives 1.-THE commendaon In the market which In
| lie due.
Stock Exchange.
| Marc