The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-30
FINANCIAL AND CONNER ClAl.
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MONEY n x TT.
rHuHapAY, April 2s-sP. n.

~ASsSS
mers and activity necessary for imitation of prices
The tendency This morning slightly upwsra and that
wss about ALL Ia Crosse and MI wauke land grant bonds
verc per cent better and very few Offering ii that The
Of road having been secured beyond con
tneency will not be hong time before the public mad
viii be turned 10 the position and prospects Of the ccps
As tina. takes place The securities OF the road
wI beyond all qoss,.oa, os generally appreciated
The party, anticipated, has been elected 70
the nlnsgernons OF the Michigan Southern Railroad Com
pany tor the ensans year Both issues Of stock were
active 20 day, 1t abou. Yesterdays prices Pana-
ma eposCd sad closed at lo7k per can't An extra
dividend N July bias been talked about outside,
but trust nothing Of the Kind viii be thought OF inside
sei nnuai dividend of six per cent enough 70 satisfy
aDS Ordinary capitalist and tho surplus can DO mocn eeI
expended improvements in the liquidation OF the
funded debt Gs,cna aud Chicsgo wss Q shade or two
better tl.5 morning The opening but closed lower and
weaker. At the second board there was limited bas.
nets bat at little better prices. Chicago and Rok Island
sold al n per cent, which is "a higher. Nov York On
lral Wa "a better appears quite impossible to put the
least life the market In the street disposed
rpsTato with any vGor either sde and but for the
adual absorption Of stocks by outside purchasers tho
market would indeed be IN bad way. Every day little
Of the best o.sses Of securities taken away In the
pokcts ouseTs and The aggregate of these
must, before the lapse Of many weeks be very great
This may give start to street spe:ulators As soon
the leas, activity realized The scarcity Of certain
stocks Will appear.
The transactions at the Clearing House to day
fclows:-
Eo,a.exchsDges - 81
Total balances. OBSERVATION-DISCLOSURES. 1859 LOS 30
The steamship Arabia at This port from Liverpool gives
ne seven days later news from Europe Nothing OF i'm
portance is reported financial affairs. Consols
quoted 96A se;s for money, and s6s s6sl for &C.
aAa l.t Iok I,ll
and lower prices ruled decline Of "a Nd per Id.
Is reported. Bresdstuns remain the The weather
was ine and favorable for the crops.
In relation 10 American securities Mossrs Barring, Broth
crs K Co. remark IS follows
We have s.' limited business 70 report In United
States stocks There buyers Of the Federal 6s bones
OF 1868 at l04 and OF Maryland sterpg bs nj 90 Virginia
sterling 5s offered al s., and Pennsy vsnis Stse S. in
scripsns 3. TO- Saos Of Pennsylvania bonds have been
made At SC A. So; they held for 50. Railway
bonds more pressed for sale. Canada os are Arm ~
ll31s ia. Nova Scotia 6s sell more readily at 100
kex B,uns~ck 6s, los. Quebec City o's dun at lob.
the Arabia brought $751; 900 in specie, and the Ksnga
700 ,ooT SSarag3 Jy Toy kfaya al, 900 in soscie.
Money remains abundant 6; two per cent for the bes,
ocorat and tour 70 I've per cert FOR 10 on stocks
ana shares si there little activity n the etoca u.r
kot Exchanges are well supported.
The superintendent Of the Banking Department has com
pcfed the examination OF the books Of the Grocers Bank
and fixes their capital $40 being reduction of
$40 70 each share twenty per the capital This
covers nil losses made by the bank through the suspen
sio1 or otherwise.
The annexed circular has been addressed to the country
banks Of this sts,e:--
METROPOLITAN BANK, Esw YoRK, Nay 7, 1858.
DEAR SIR prom this date the hstropotau Bank viii
take frd you, sent direct such New York State money
~ you receive In tho regular course OF your bsn
a. one &c Of ono per cent nstas1 Of one quarter as
tons al this bank, a. before.
New Jersey money, bills a, PAR In Philadelphia, and
In Oic ma ale cLra~ -
To ether parties tho former rste-one-quar,er per
oent-wil be charged. TIE tendency OF tais viii Of
same AZ Al fleseni Viii resp S' '" "'N i0rS the
GEoRGE 1. sESEY, Cashier.
The rev "Bank of Mutual Redemption" With a e.plisl
Of nse hundred thousand dollars organized At Boston
yesterday by the election Of directors who are an ocers
OF directors Of other banks So~ England The object
Of The CORPORATION 70 transact the country business
done by the suaoik B.rk.
meeting Of The stockholders o. the Western Bank Of
Springfield Mass, held that place on Tuesday and
committee or Ave appointed 20 y.sgsie the Character
Of The assets the bank and report their probable vauo
at meeting - be bald August The springfield RspaJ.
Iiodr says
Only about so 200 Of the bills Of Ire bank remain out
and i!s total indebtedness beyond capital stock OF
$4,000 Is but $50 600 The nominal value Of the debit
cue tie bank 49, Win interest," s326 oO0 but their real
considered utterly worthless The utmato los N nss
mated varousy Al from Is 10 50 per con, and inc ca ot
offered 50 cents: but owners Should be eartious aboa
ssIihciog IT. II s more likely .. present W be WORD
mere pan lees that amount.
Al rlcoing OF the New Haven, New London and SION
ins'oh Railroad, held at New London on tuesday the
directors unanimously authorized 10 lease the Ell
'cnsin road from New london sonngton 70 The New
York. Providence and Boston (stoslnston) Railroad for
term Of twenty years II also voted that Tho exten
sion boDdP shall bear date OF May In place OF Apr 10
The entire engineer corps Of the Hortur-s Railway
Company, which sailed year ago for Honduras has
returned IN The Empire City Colonel Irautwine, chef
engineer, and Lieutenant W. " letters, 4 8 " wifi
some Of Their sSslsiaEis back q month ago and
have since been busly occupied IN making up their re-
ports. Colonel Stanton OF the English yerin survey
ana A. Wright assistant engineer are in Washington on
neL way home The above party s in perfect health
and rood spirits The resulu Of their work are entirely
sat1actosy, and insure the carly commencement aad
speedy construction Of the railway. The cost Of the ex
pedon has been entirely dorayed by the directors o.
the company. Tho books for Subscriptions viii be ooea
ed in London, Ncw York and Paris early in jane
The Board Ct Dfrecsrs is complete, and con.
ssk 81 " llAm Brown, E.q T. p. Brown, shipoy Co..
Chairman; r. ". Crawford, NJ r. from the city Of Lon
dor, President Of the great india railway vice Chairman
John Lewis noordo, N. r, J. r. Haywood (Heywood
keenan, Is a 90 }, william wheslrr.ght Tsq, Hon C p.
Nili.er, N p (brcther Of Lord Csrepdon), Brirsdsr
General Trcnashccrc, Mr.. wsgreln bte Governor Of The
Bank Of England Abram Darby, President Of Cravfcre
Dale Iron Company Joseph Robsson, Of the Esber Vale
Iron Company Mr.. Kirkpssrck, Chsrles Holland E-a,
Chairman Chamber Of Conn cree Of Liverpool Charles
toalson, Esd, OF Paris Geo ". Rges, Of Washington
Howell Williams T.. G. squier and II. s. Sanford E-qrs
o. Ner FORK r. r. Moore, secse.Asy; John Locke NJ r.,
oopsulirg engineer ard Dol ). C. rraurlne chief eogi
neer The brokers q the oomFany Huiehinson spzs
and toster, Bralhwate 4 O., Jondon Ito company Is
organized under the Joint stock Companies oct Of ere~
hrtan and ts principal Office L NO. IA New bond street.
London
Stock Ercaange,
... THURSDAY, April -, tsss
s 1ScS ss e.. iS2s 20 abs Erie RR. $40 2ls