The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-12
FINANCIAL AND COMMERCIAL.


leading speculative secu, ity sum up thousands Of
shares and the imitation appears to be going on with
increasing strength. II is many weeks, we might
say months, since so much activity among specula-
tors in Wall street was observable. There appears
to be no distinction. Nearly every stock on the
ket has its ciques of friends, and we notice that
Harlem is moving up as fast as any Of them At
the first board to-day Tennessee State e's advanced
per cent; Virginia State 6's, 4; Missouri 6s, !;
chigan Central bonds 3; Canton Company, 3;
New York Central Railroad, IL; Erie, 4; Hudson
River Railroad, q; Harlem, 2; Reading, l. Michigan
Central Railroad, Il Michigan Southern, old, Il; do
preferred, 2; Panama, Il; Cleveland, Columbus and
Cincinnati Railroad, l.; Galena and Chicago,
Il; Cleveland and Toledo, 4; Chicago and Rock
Island, q La Crosse and Milwaukee, II. There
was reaction in Harlem before the close
and prices receded to those current at the
close yesterday. There was very active movement
this morning in Missouri State 6's The sales
amount to $4,000, and at the close prices were
fraction better than at the opening. All State
stocks were firm at our quotations Railroad bonds
were active. The principal operations were in La
Crosse land grant bonds at 40 403 per cent At
the second board the market generally was lower,
withle activity among operators. Canton Company
advanced l per cent; Erie, 8; Panama, !; Illinois
Central Railroad, T. Harlem declined per cent;
New York Central, 4; Galena and Chicago,
/; Chicago and Rock Island, Il; Milwaukee
and Mississippi, ): La Crosse and Milwaukee,
l. Panama touched lO3 per cent, but after
wards receded and finally closed at 1Ola, cash.
The greatest fluctuations to day were in Harlem.
That stock opened this morning firm and active at
II per cent being an advance of per cent on yes
terdays closing prices The stock at once became
plenty, and lots were freely offered on gradually de-
cning prices and it closed at l43 per cent with an
aggregate of sales of three thousand five hundred
shares. This afternoon the sales were quite mode
rate at further decline of : per cent, the stock
closing at IA per cent. The demand for Cumberland
was active this morning, and the purchases were
principally for cash. Reading improved fraction
at the first board, and well sustained this after
noon. This stock does not seem to attract specula
tors, Notwithstanding it has the benefit of two mar
kets. Chicago and Rock Island closed weak, but
with moderate sales. Cleveland and Toledo was
steady at the close. This stock has not advanced
with the general market
The Assistant Treasurer reports today as fol-
lows:--
Total receipts. SsI,652 II
Tay aoo'ayd
The receipts to-day include $50 900 from Customs.
vary much. The receipts and disbursements are on
a very limited scale.
The operations of the Cleakng House today were
as follows
Total exchanges. 313 os
iol3i paiances.. ................... 11oyooI 10
The exchanges show slight increase. The mac
tvty of business restricts banking operations mate
rally.
The Indemnity Fire Insurance Company has
declared a semiannual dividend of five per cent
payable on demand.
The steamship City of Baltimore, at this port,
brings dates the same those reported by the In
dian at Portland. The financial and commercial
advices contained in the following extract from
the London Mercantile Journal of the evening of the
26th of January
further sum Of ss6 900 Of gold has gone into the
Bank Of England, and Additional IL in Of
delivery ont Of last weeks arrivals. Ysstertays
cepts Of flo5 600 will all 60 into the bank vaults There
soon be walls from Australia anG about GOO 900
The fa'ct's OF yesterday appear 20 rendcr busrcss
Gun 20 DAY hy comparison with the ordinary Of
thiDgs ADD holiday movement still exists
Money l. y cO-rirg extremely easy, al II Is fcrt 10
dnf employment for the large amounts la the hands Of
he banks. speculative feeling seems very lisely,
.ooner or sies oquence Of the plethora of
money directed the stock Exchange the guaranteed
shares, ~ d Oiiisr. Of approved character.
The cr TIE English stock market 10 day is unal
tered the general tendency very good but check
Is given 10 the Upward movement OF prices.
Tie foreign market is unaltered in all particulars prices
are steady ana husuess Is quiet
fpist O'Clock The English stock market is
heavy. Cousols have been down 70 ej for money, but
now q5 "a TO Pj3s for money and account
Railway shares duh aud generally heavy, at de-
cline Of from Is "a los
American securities were quiet aud unchanged
The London Nars of Jan. % says that n reduc
ton of the rate Of discount at the Bank Of England
on Thursday next to per cent, is regarded as Ger
tain. The rates Of money at the London Stock Tx.
change averaged about - per cent
The Supreme Court Of New Hampshire has Just
decided that the law Of the last June session Of the
Legislature repeating the act establishing Board OF
Bank Commissioners, did not legally pass both
branches and il, therefore not valid or binding as
statute of the State. The Board continue to ex-
anime the affiirs Of the banks.
The following telegrspbic despatch was received
at the Southern Pacific Railroad Office this day
The twenty miles completed and the charter saved
This will be gratifying intelligence IN the stockhcders
GEO. W. LAWRENCE Secretary.
Bills Of the Bank OF Trade, New Jersey, are re.
deemed at any Of the banks in Wall street At the
usu al rates. The notes of this bank are secured by
deposit Of Virginia State stocks, with proper mar
gins.
The Pen nsylvana Central Railroad Company is
profting by the favorable season. and the receipts
are very large compared with those Of last winter
The gross receipts for the month Of January, 1855
we're 1886 ,3s4 IL
same month 10 255,sso ~
increase In January, 1868 ISL 500 80
There is no one Of the great through roads con
Meeting the East and West that makes so favorable
an exhibit as this Besides these increased receipte
the expenses of the road very much reduced
partly by the general system Of economy lately
adopted, but especially by the circumstance
that there has been snow drifts or other obstrc-
tons.
The depression and fluctuations in the corn trade
of Great Britain for some time past will make the