The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-04-15
FINANCIAL AND COMMERCIAL
u ON EY MAR K r.

No N Il NJ A n X X r.
wnsHspaY, April l4-ePA N.
ne stock ma-ke. irregular this morning, and rs
general thing lower prces rved board The amount
Of eusness transacted unusually light, and the board
ssicurned al early hour, after full second call OK
ssscAs Considerable anxiety Was manifested during the
regarding the progress Of the Railroad Toll bill At
Albany, ard that had depressing influence upon the
nah et generally. At the board Missouri state SKIES de
sined per cent; Illinois Central bonos, = fennsyiTs
MIA Coal Company, 2; New York Central haiifoa'' a
Michigan Southern preferred a Panama, u Cieveiand
ssS Toledo, X Mlwsukle ami Mississippi, 3. Delaware
and Hudson advanced = per cent Pao'bc Steamship
Company, y: II Crosse and Milwaukee, "a. Tnere was
rje tbi morning Of California State sevens boud At
81 rer cent These bonds do not commence drawing
serest until January I, 1859. After the board teie
.r,phc despatch was received from Albany announcing
The fact that the Toll bill had been defeated the Senate.
AZ soon as this generally known active bidding for
New York Central and Erie commenced, and prices sd
vADsed rapidly New York Central sold Al SIS = and Erie
24a per cent AZ these prices some Of the largest
operators in the street buyers and large outside
ess,Bess transacted, There is obstacle TO
rapid recovery in New York Central Railroad stock and
hnders hook or higher prices than have yet ruled The
company will in few days make an exhibit OF its traic
for the first Six months OF the present fiscal
yeaT-irom octooer to April land learn that net
~ASon Of dollars thsn that for the corresponding
pere1 year. This increase in net earnings has been
realized IN the face Of large reduction OF gross receipts
nv the introduction OF reform and ecsnomy in all the
stersos departments 10 extent never before dreamed
o. stricter system Of management has been prscssed,
sod the fact has been demonstrated that with proper
susry son railroads make more money up N less
h1siness Heretofore the object hiss been to do Large
xahc without the slightest regard to the expense The
result that the road and machinery were soon WORE
ss; without having earned enough 10 keep the line in
proper working order AT the second board the market
was steady and little active Cumberland advanced i
yer cent; Pennsylvsnia Coal Company, "a; New York
Central Ralroai, Erie, "a Hudson River Railroad, -
Harlem "a Chicago snd Rock Island a shade or two
better Milwaukee Mississippi was per cen. lower
iexcng and Cleveland and Toledo closed weak Most of
sbe transactions in Reading were on seller option
An nstaent Of Ave dollars and seventy FIVE cents per
the scrip stock OF the Mania tan Gas Light Com
,aBy required be paid Saturday, tie ls OF Nay
sext, at the coripany's office
Fhe earnings Of the New York Central Railroad Com
psny for the present month Of APRIL judging from the
sSip:s thus far Will be largely OF those for the
corresponding month last year.
TIE earnings of the Erie Railroad for the month Of
Rxnmgs March, 1885, ACKNOWLEDGEMENTS. 4S,s'J oil
Decrease ACKNOWLEDGEMENTS. sl5,35t 40
Toe Assistant Treasurer reports 70 day az follows
rstal receipts. s.-,oof ~
paynen1 OBSERVATION-DISCLOSURES. l,e.5,lSe o.
balance. Observation-Disclosures. 3,sss,e65 56
The receipts day included So 900 fro customs and
cAs pay nents include % 900 California drafts.
The transactions at the Clearing House to-day were as
fspexs-
1stal exchanges 20
brAS balances ou',oSo "a
Ire Metropolitan currency certificates now amount TO
s225 600.
Fac steamship Persia from this port for Liverpool To-
day carried ou, s5e7e Is 10 specie The closing rates
for sterling exchange siz per csut premium for
banks and bankers bills. There b., moderate
assolRt OF business
The Illinois Central Railroad Company give notice Of
nsr dness pay instament Of twenty per cent
OF their outstanding notes and scceptapces
The bill amending the charter Of the Harlem Railroad
COMPANY, authorizing the continued Of steam power
20 Thirty second street. having passed the Senate only
warts The signx:ure OF the Governor 10 become law
Tie Dill TO loan Is scoo 900 for the Erie canal enlarge
ser bad ia anal passage yesterday in the Assembly
sevng ej votes precisely the number requisite e carry
n The bill 10 transfer Erie canal moneys 10 tile lateral
canals also passed by large vote.
The earnings the P;sburg, Fart Wayne ami Chicago
Railroad Company for the month OF March fol-
lows, viz -