The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-17
FINANCIAL AND CONNER CiAL
X It,

The tendency of prices was downward this morn
ing, and the market was quite inactive. At the first
board Cumberland Coal declined 1 per cent; Penn
sylyania Coal, 2; Pacific Steamship Company, 7;
Cleveland and Toledo, I; Hudson River Railroad, !;
Reading, 4; Panama, !; Chicago and Rock Island,
1. Illinois Central bonds advanced 1 per cent;
Michigan Central Railroad, \. The market appears
to have lost its speculative character; most of the
operations in the first class securities are for perma-
nent investment, and outsiders are not disposed to
enter the street as spectators. The returns from
all our railroad companies show a bad state of
things in their finances, and for months to come
they must show diminished earnings. There is no
trade, no movement in produce, no activity in any
branch of business, and consequently no traffic or
travel on the leading lines of railroad. At the Sc
cond board prices were a fraction lower for specula-
tive securities. State stocks and first class railroad
bonds were a little better. Missouri State 6s adj
vanced per cent; Virginia 6's, !; La Crosse land
grant bonds, 4. There was only a limited amount of
business transacted. Money continues very cheap
on call, but is not plenty outside of stock circles.
The Assistant Treasurer reports to-day as fol
lows
Total receipts. $Sl.22l %
" balance ............ ......"..... 1884, oo3 6s
The receipts to day include s5s, 900 from customs.
The steamship Baltic, from this port for Liverpool
to-day, carried out 1924 Ola Is, about equally divid-
ed between gold bars and coin.
The Delaware and Raritan Canal and Camden and
Amboy Railroad and Transportations companies,
have declared a semi-annual dividend of three per
cent, payable on the 10th instant, at their office in
this city.
The Greenwich Savings Bank has declared a divi-
dend at the rate of five per cent per annum on all
sums of FIVE hundred dollars and under, and at the
rate of four per cent on all larger sums.
The steamship America, at Halifax from Liverpool,
| brings three days later news from Europe. The ad-
vices, both financially and commercially, are unim-
portant. Consols for the account are quoted at 943
a 9s per cent. Money is reported easier. The Bank
Of England has made no further reduction In the rate
ofinterest. The Liverpool cotton market was active. at
/ better prices; an advance Of &c. per pound il quoted.
Breadstufs were quiet. Provisions are reported dull.
The condition Of the Massachusetts, banks on the
4th inst. was as follows
Capital. .......s6o, 3s6, 900 Notes, bills OF eI-
Net circulation. 9,795.e3o change, &c, &c %, 100 s3?
Profits ON hand. 6,ssl ,l5s Resl, estate ....... %l,4ie,ss2
Total. ....... 500, see, 100 Total. ....... sss, SOS, 7os
The New Haven Journal says that the Bristol
Comm Mining Company has failed, having first
executed and secured a mortgage for sl40 900 to
Pres. Mott, OF Union College, Schenectady, and Jno.
M. woolsey, of New Haven. Very little property is
left 10 be distributed among the general creditors.
Sam. II. Downer is nominated as trustee, and a hear
ing on this appointment u 10 be had at Bristol on
Saturday. Prof. b. Silliman, IT,, IL President of the
company. The general liabilities are not large, but
the capital is all used up.
The Milwaukee Wisconsin. in announcing the APP
pointment Of Lockwood L.. Doty as treasurer of the
la Crosse and Milwaukee Railroad Company, says
1--WE arc rratifed 10 announce this appointment, not
only because SIR. Doty Is the right kind of a man TO
come among Us, but because IL indicates that Hon.
Stephen Clark will retain the Presidency Of the La
Crosse Railroad. Mr.. Doty has been the Deputy
Treasurer Of the State of New York, under Mr..
Clark, and the confidence that Mr.. Clark feels in Mr..
Doty is the cause Of this appointment"
The receipts of the Boston and Worcester Railroad
for the last year were Al ,0l9,14s, the expenses
$3.50. s35, net earnings 1855 5l3, or over a per cent
on the capital paid in Of 81 SOC. 900, and the funded
and floating debt Of about 5000 900. Two dividends,
Of three per cent each, have been paid, amounting TO
s270,0o0, leaving a surplus Of ellis -5l3, in addition to
the surplus Of preceding years of 1902 500, part of
which IL reserved A. a sinking fund for the discharge
Of the debt. The number q passengers transported
during the year was / 52I 800, being an average Of
4,sTo for each week day Of the year, which Is less
by 80, lo4, o. an average Of 100 per day, than were
carried in 1856. The amount Of fright transported
during the pat year was 27G, GIG tons, or &C 40 tons
less than In the preceding year.
The cash assets and liabilities q the New Orleans
banks on the I'd inst were as follows
RANKS of Nrw ouHssL