The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-02

!; New York Central Railroad, 4; Michigan Ceatrll
Railroad, Il Harlem, 4; Reading, 4; Michigan
Southern, preferred, :; Panama, Il; Cleveland,
Columbus and Cincinnati, !; Gslena and Chicago, 3;
Cleveland and Toledo, 1; Chicago and Rock Island,
2; La Crosse and Milwaukee, 1. Pennsylvania Coal
Company declined per cent; Hudson River Rail.
road, !. At the second board the market generally
was higher, with quite an active business. Michigan
Central bonds advanced per cent; Cumberland
Coal Company, /; New York Central Railroad, /;
Erie, Il Harlem, 1; Michigan Central Railroad 2;
Galena and Chicago, 4 Cleveland and Toledo, /.
La Crosse land grant bonds sold this afternoon at
AZ a 42s interest Off 1t will be seen by the pro-
ceedings in the Supreme Court to-day that tempo
rary injunction has been granted to prevent the
issue of bonds under the land grant, upon the ground
that the extension to La Crosse is not included in the
line agreed upon under the land gift. This injunc-
ton business is carried TO very great extent in this
community, and our courts used by stock specu-
ators to further their private interests. One party
wishes the market entirely to himself in selling
his bonds, and he applies to the court for an
in JUNCTION to step further ISSUE Another trumps up
some claim againsa company, and for the purpose of
annoyance gets out an injunction. These injunc
tons are seldom argued in court They are gene
rally compromised and arranged as soon as the pro-
per effect has been produced. In the case of the La
Crosse Company, the whole of the sixty miles of
road from Portage to the junction. has not yet been
constructed and the company have therefore right
to issue bonds to complete and pay for that portion
of the road under the land grant il is the line
marked out by the special act Of the Legislature of
Wisconsin We understand that the financial opera
tons of the company are in no way interfered with
by this injunction as the issue now being made is
for work done on the main line of their work.
1t will be seen by an advertisement in another
column that coupons of the Erie Railroad Company,
past due, purchased by W. and j. O'Brien, 80
Wall street. This will afford relief to holders imme-
diaely in want of money, and there are good many
such just at this time.
The Assistant Treasurer reports today as fol-
Total receipts. 1886 ,s36 80
1o,a p pi ~
loI paHuce. 3247 ,OI6 II
The receipts today include SCI 900 from customs.
1t will be seen by a Geographic despatch in an
other column that there has been an important de.
falcation at Hartford The secretary and treasurer
of the Hartford Savings Bank is defaulter to that
institution in the sum of 800 600.
the banks to-day is 81 2s5 00o against 50 62s 900 on
the lst of January showing decrease of 81 3l3 900
during the month, rate which, if continued during
the next two months, will absorb the whole issue
before the LIST of April next, month inside of the
limitation originally adopted
The Bank of the Republic mas declared a semian.
nua' dividend of five per cent. payable on the sth
inst; the Manhattan Bank semiannual dividend
al four per cent payable on the % ms. the Ocean
Bank semi-annusl dividend of three per cent pay
able on the 10th inst: the Mercantile Mutual Insur
ance Company a dividend of interest at the rate of
seven per cent per annum, and further dividend of
seven and and half per cent, both payable in cash
on the 18th inst.
The steamship Europa leaves this port for Liver |
pool on Wednesday, and the suppostion is that she
will take out large remittance of specie. In ex.
change, for this packet there has not BEEN as yet
much movement The best sterling bills are held at
% 10 per cent premium.
The current quotations for land warrants are az
follows