The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-30
FINANCIAL AND CONNER GAL.
NEY MARI r T.

FRIDAY, Jan. 29-6 u. NJ.
The stock market was quite active and moderate.
~ buoyant this morning. The tendency Of prices
was upward throughout and in some Of the leading
speculative stocks an advance Of some importance
was realized In railroad bonds there was a large
business at full prices. The most important improve
ment was in Ia Crosse land grant bonds, and the
advance was well maintained 20 the close. They
opened at IS and left on at 49A, seller 10 days The
February interest will be promptly paid and all the
difficulties In the way Of a speedy completion Of the
road have been removed. Illinois Central bonds
were in demand at better prices. Reading Railroad
bonds were firm at 20 per cent At the first board
New York Central Railroad 6s advanced per cent;
Illinois Central bonds, j; La Crosse and Milwaukee
land grant bonds A; Delaware and Hudson, (. Pa
oifc Steamship Company, /; Erie, 4; Harlem,
old I; do. preferred, / Reading, 1; Michigan Cen
trail 4; Panama, 1; illinois Central Railroad. /; Ga
lena and Chicago, !; Cleveland and Toledo. J;
Ia Crosse and Milwaukee, l. Tennessee State 6's
declined per cent; Virginia 6's, New York Cen
trsl Railroad -, 4 Cumberland Coal I; Michigan
Southern Railroad, /. The market very strong
at the close Of the first board and the leading specu
lative stocks were In demand. At the second board
the market generally better. Missouri State SIS
advanced per cent; Reading bonds. 1; National
Bank, 4; Harlem, (; Michigan Central Railroad. 4;
Cleveland and Toledo, l. New York Central was
per cent lower; Pacific Steamship Company l. The
money market appears % work easier from day 10
day and the difficulty in finding satisfactory EN-
ployment for capital is daily increasing. Where
this will lead to no one processes to predict II Is
20 be hoped that il WILL a. soon a. spring opens,
give an impetus TO business, and put in motion
again the whole machinery Of trade. II will with
out doubt have a favorable influence in removing
the vestiges Of recent wrecks, and let little sun
shine into the gloom that now surrounds and dis
coursges all classes.
The bank currency certificates now amount 70
r. 34s 600 being reduction Of ga 900 since Tues
CAV last The exchanges at the Bank Clearing House
,bi. morning were sl2 us, 1915 go and the balances
paid we're tg5l OOi G5.
The Merchant. Fire Insurance Company has de
cIared fcmfanrua' dividend Of ten per cent, pay
atle on demand
The semi an ~ ';arest on the FIRST mortgage
bonds Of tie Psnesvihs and AshtabHla Railroad
Comj ,ny. due February J. will be paid d that day
az the banking house Of Meesrs. Wilsow, Lanier &
o., No. ~ Wall street
lac statement Of the Mutual Benefit Life Insu.
rance Company Of New York made up on the LIST
inst, shows accumulation Of 1913, 1926 70 Of
capital drawing interest being on increase during
nc year 1857 Of s25s sl3 So. Tie Company has
paid 81 7O4 3l9 s. a losses. and returned to the
Insured dividends amounting 20 81 OO6,j gs n since
~ organization in April, lslj
Wells. Fargo a Go. have declared semi -annoa
dividend Of i've per cent, payable on The lst Of
February Of the Office Of the company. No.sZ Broad
way
The coupons Of The Sinking Fund bonds Of the
.tof NIvauh'a I'D, on the lsi Of ebruury, viii
be paid ou presentation at the Office Gf Mcifs q
Grc,u' 50. 800 IAchanse place.
Tic coupons o.. the D. Crosse and Milwaukee Land
Gran. bOr.s. due GA Tire lst OF February, VIII be-