The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-25
FINANCIAL AND CONNER GAL.
.s.--- -
MONEY ma n TX EFT

WEDNESDAY, Feb. 2f--6 Z. NJ.
The stock market opened active and buoyant this
morning. The transactions were to a greater amount
than the reported sales of yesterday. daily BUSH
ness of thirty thousand shares of stock appears TO
be an ordinary affair in these speculative times. At
the r-t board to-day North Carolina State 6's ad-
vancsd per cent; New York Central bonds, J;
Michigan Central bonds /; La Crosse land grant
bonds 4: New York Central Railroad, &; Erie !;
Hudson River. H.; Harlem, l4; do. preferred !;
Reading, IL; Michigan Southern, l. d. preferred.
II; Panama, u Cleveland and Pittsburg,
i: Cleveland and Toledo, /; Milwaukee
and Mississippi, Ii. Missouri State 6's declined
per cent. Galena and Chicago l. In all the leading
speculative stocks the transactions sum thousands
Of shares good portion Of which is for cash. At
the second board the market was comparatively
quiet, but prices were well sustained. La Crosse
land grant bonds sold at 80 per cent cash, showing
an advance OF per cent on the opening sales this
morning. The security offered in these bonds is OF
an undoubted character. Whatever advance is
realized in market value cannot BE- otherwise than
permanent, from the fact that the completion of
tie road is placed beyond q contingency. Cumber.
land advanced this afternoon per cent; New York
Central Railroad 4; Hudson River, &; Harlem, pre-
fened, !; Cleveland and Toledo, q Mich gan South
ern. }; Pacific Steamship Company, u Panama. !.
Chicago and Rock Island declined iper cent; Mil.
waukic and Mississippi, / Erie, T.
The Assistant Treasurer reports today IA fol
lows -
ro.s a., s - -
The receipts include eel 900 from customs.
The steamship Niagara, from Boston for Liverpool
to-day. carried out 1854 600 in specie.
The transactions at the Clearing House day were
ss follows
Tots, exchanges. .2cl sl7 IL
This shows a very great increase in business, and
looks something like former tunes This may, how
ever. be nothing more thar = yasnodic movement,
for such great increase q hardly be the result
of an actual recovery in mcfSantile business. Tho
activity in the stock market IL probably the prnci
pal cause OF the amount OF exchanges reported at the
Clearing House to-day.
The Daily Pennsyirdnidn learns that the move
ment Is again afost u consolidate the Dauphln and
Susquehanna with the Auburn and Allentown Rail.
read with the intention Of forming continuous line
from Harrisburg to New York. The road of the lat
ter company-forty miles in lengths now in pro-
gress Of construction and when completed, forming
a connection with the Allentown and Lehirh road
It will give a continuous track from Au5urn-the
terminus Of the Dauphin and susquchanna road-.o
the city Of New York
The value of merchandise imported into the port
Of Bottom last week was $3.50 Az against 81 l9o7 52
for the corresponding week the previous year show
ing decrease Of tGGO,2sO. Our foreign trade is get
ting rapidly into good shape, and IL will without
dcuht lie long time before the eNtravagance OF the
PEOPLE again reaches such points a. will swell our
inportations ~ three hundred and sixty million of
dollar in one year.