The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-17
FINANCIAL AND COMMERCIAL.


fkipS.y v, July to--o r. M
Further items Of commercial news from Europe,
hrs~sAt by the Canada aid telegrsphed from Hail
sax, win be found under the appropriate head in an
Other coacmn.
The stock markct opened buoyaptly today, with
general disposition TO buy. But early in the fore
noo1 the news of the accident on the Erie road
chscked the buoyant tendency, and while causing
decline a in the stock directly affected, stop
ped the advance of the other speculatives THIS &C
cidgnt which seems to have caused the death OF
rome seven, and the injury Of twenty-five to tnirsy
more passengers, cannot well cost the company less
Than hundred thousa nd dollars, independently OF
It's damaging influence on the character OF the hne
Under the circumstances, it is most unortunate ior
the company those who operate for the rise IN It's
stock may consider themselves lucky II decline OF
one per cent is the only consequence. New YORK
Central, which sympathises more directly WIN
Erie than any other stock, declined 4; hud-
ron River, 4 Reading, /. Galena was rainier
better. Cleveland and Toledo was per cent
higher; Rock Island, 4 Michigan Southern
preferred, 2; Panama, D; Harlem, l. ILLINOIS zen
tral is dull at last quotations. Milwaukee anu ""-
sisipp slowly declines in consequence OF the man.
cal troubles in which the management is inSoVeo'
The greatest rise of the day was in Pacific Mail,
strength of the probable profits of the company by
the rush to Frazer river. People well remember
the enormous profits which were made by the first
companies which carried passengers to California.
1t is confidently expected that the new line to Van
eouyer's Island from San Francisco will prove equal
" remunerative. Within fortnight Pacific Mail
has risen ten per cent. Among the bonds the Mis-
souris were the most active, at rise Of per cent
In the other State securities there was moderate
business DONE without change in prices La Crosse
land grants rallied one per cent 1t is understood
that an interview has taken place between Cover
ner Randall, of Wisconsin, who is now in town,
and the managers of this company, and that
Abe Governors objections to granting the certi-
ficate essential to the land grant, are in
fair way of being removed. The company is under
stood TO have decided to pay its interest. There
was sale OF Nicaragua Transit at two per cent.
Very little hope entertained in the street that this
concern will ever come to anything, though the
monthly subventon paid by the Pacific Company
10 Commodore Vanderbilt would, if it were credited
TO it, make its stock valuable property.
At the second board the market was somewhat
weaker New York Central, Erie, Reading, Rock
Island and one or two other of the speculatives
o shade lower. Pacific Mail active at an ad
vance Michigan Central likewise advanced trifle.
The closing prices were:-New York Central, So;
Erie, lsl; Hudson, 2si; Reading, 46; Michigan
Central, $50; Michigan Southern, 239; do, pre-
ferred Asa; Panama, l04l; Illinois Central, &c; Ca
lena, $50; Cleveland and Toledo. SGT; Rock Island,
76i; Pacific Mail, 75a, &C., &c.
The exchanges az the Bank Clearing House this
morning were ,749 II, and the balances
sl!037 $50 so. The Metropolitan certificates are
now reduced to So, 900.
The following was the business Of the Sub-Trea-
sury, at this port, today
Total reoepu sieo oo 90 30
o. which from Custong ................... I2ooo w
Total payments 1919 90
CALIFORNIA drafts Ss'yoo w
Total psAnce... o,-ooo~' s'
There was little doing in foreign exchange.
Bankers holding at 1906 1903; mercantile sig
natures at 1888 a 1904. Francs are worth 5.l5 a
sl2. The market is dull. Several California bars
have been taken up for the steamer OF tomorrow,
which it is supposed will take out $500 600 in specie
As to domestic exchanges Messrs. Groesbeck Il
Hoyt quote as folows:-Boston, discount; Phila-
dephia, do; Baltimore, do Charleston, do;
Savannah, do; Mobile, premium; New Orleans,
do: Cincinnati discount; Chicago, ] do; ST.
Louis, I do.
The Peter Cooper Fire Insurance Company have
seclared a semi-a annual dividend of six per cent,
payable August 2.
We understand that Mr.. S. I. Bull has resigned
the Office of agent for the State Of Ohio in this city,
q position which he has held for the last eighteen
years.
The Citizens Bank of Memphis, Tenn, has closed
Its doors
The New Orleans Crescent says
1uase Prayer OF the Harrison County District Court,
n scsson IN the Of Marshall Texas has decided that
me sale under OF the I'd c June OF The
property franchises f the old southern Pacnc
Railroad Company, was legal and binding, and the new
company have put In formal possession. on course
m appeal will be taken and the carried up 70 the
Supreme Court for final determination.
The Providence papers publish the returns OF the
banks Of Rhode Island on the 5th inst. They com
mare as follows with those Of the previous return on
the 2Ist Of March
RHODE ISLAND BANKS.
Providence Banks.
An increase Of capital $50 100 90
An increase OF circulation 1o9isI 70
An Increase OF deposits ACKNOWLEDGEMENTS. b4.oO ~
An increase 81 depts other banks of.... Ssse 10
Of loans 40 81
a docrease 81 specie ACKNOWLEDGEMENTS. AGA a5
Al tpcreNe OF bills Of other banks OF 1872 1859 II
decrease OF deposits banks of..... 20, 5s7 90
Bsnts Out Of Pror1dsnc,. -
80 n