The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-13
FINANCIAL AND CONNER GAL.


FRIDAY, Feb. rs r. NJ
The stock market was quite irregular throughout
be first board. The aggregate amount OF ouAne~
was immense. The total sales sum up more 'nSn
twenty Thousand shares Of stock oil AL AihaS ~
railroad bonds the transactions foot mp nearly ono
hundred thousand dollars. There was rather moue'
rate business in State stocks but generally ~ wv.
prices. At the first board Tennessee os'"
g. declined | per cent; Virginia o'"'V a.
i; Missouri 6's, /; New York Cen'nai ~
4; Illinois Central bonds, 4; La SlosSs !.
grant bonds, L: Pacific Steamship oompaA',
Cumberland Coal, 4; New York Centiai HAniS Us
Hudson River Railroad, /; Harlem q 40 p,' erred
4. Readinr. 4; Panama, /; Galena ana Asoago, 1;
cleveland and Toledo, { Chicago and dssck Island
IA: La Crosse and Milwaukee, I. Harlem LIST
mortgage bonds advanced ? per cent; Eie,
4: illinois Central Railroad, 4; Cleveland,
Colvrmbus and Cincinnati Railroad /. The decline
w. Harlem was partially recovered before the close.
II opened at 1874 and left of at l4i per cent All
Tie leading railroad stocks were equally active and
IN spirited demand. The decline in prices this
morning was but natural reaction after the rapid
rise of the past week OF so. Parties satisfied with
moderate profits have realized to some extent, and
their stocks have been purchased by those who must
likely to work up, and rest upon pretty secure
foundation. The basis will be found in the DISPOSE
ton and ability of purchasers to carry stocks.
Hardly contingency can be imagined of charac-
yer calculated to change the complexion Of the
money market. The future, so far as this
element of speculation is concerned, appears
10 be free from all danger and difficulty. The
eupply of money is much more likely to increase
IL rataa ~ inta Init
rule at very low points. For several months to
cme. ease and abundance in financial affairs can
be. beyond all doubt, safely depended upon. The
banks are now lending on stock securities at rates
below the legal standard and the probability is that
the months of June and July will bring plethora in
the money market, such as We have never before
realized This accumulation is likely to be much
more permanent than generally anticipated We
have wiped out in different ways several hundred
millions of credit, and the means required to keep
that imitation in operation are, therefore, now out
Of employment and must increase and concentrate
at the most important points. We shall see before
many months roll round that under proper credit
system with moderate expansions, there is money
enough in the world TO keep the rates of interest
much below those which have ruled during the past
three years.
At the second board the market was not at all
active. With the exception Of Cumberland, stocks
generally were better. There great rush to get
out of Cumberland and outside spectators evident
" began to think the entire fabric which the clique
Of operators in that particular stock had so sue
cessfully created was upon the point of topping
about their heads The sales of Cumberland this af-
ternoon amount 10 two thousand shares, opening at
2Os and closing at ls per cent. This morning the
stock was quite steady at % per cent. Most Of the
transactions at the second board were for cash. Out
riders dealing in such fancies Cumberland must be
prepared for serious collapse at any moment. Erie
Railroad closed at p this afternoon, advance of
enc per cent since morning. Harlem advanced
per cent; Chicago and Rock Island, l. Panama
slosed firm at quotations. La Crosse land grants
cold at 80 per cent cash, and 40 buyer 60 days.
New York Central Railroad closed at $50 per cent
for the opening.
The Assistant Treasurer reports to-day as fol
lows:-
Iotel receipts Sill s68 3s
Total pay mene ..................... 1921 %
Jotal balance 3377 ,es4 "a
The transactions at the Clearing House to-day
we're as follows
rutsl exchanges. 1888 ,34s 3s
futsl balances Observation-Disclosures. 745,l16 81
The amount of the Metropolitan Bank currency
certificates now held by the banks is reduced to
81 1923 OO0 being decrease Of sl6l 900 since Mon
day last and of 81 sos 900 since the LIST of January
last. The payment Of another instalment of ten
per cent was called for to-day.
The Stuyvesant Fire Insurance Company has de-
shared a semi annual dividend Of seven per cent,
payable on the 10th instant.
The notes of the Tioga and Crawford County
banks of Pennsylvania, discredited by the Phi
ldelpha brokers'
bill has been reported in the Virginia Legisls-
ture requiring the banks of the State &c spe
sic payment on the lst Of April next.
In regard TO the notes Of Lawrence, Stone & Co
held by the Western Railroad Sinking Fund, there
exists an erroneous impression. The notes are
drawn by the treasurer Of the Mitkiesex Mil and
Bay State Company, and endorsed by Lawrence.
Stone Co, consequently the corporations are held
Cor the Liabilities.
We learn that the Millville Manufacturing Com
pany and the Auburn IN. " Mills, two of the lead
ing manufacturers Of fine fancy cassimeres have
suspended payment.
The Albany argus announces that II. n. Hum
phrey chandler, Of Hudson, failed on Friday last.
Liabilities estimated at $40, 900; assets unknown.
tn, annexed statement exhibits the value OF
foreign dry goods imported into this port during
Che week and since January in each Of the past
three years.
Moyrxrs1 IN fosnos I'sY Goor-L
Es.sfed al The port. ssassse sssOp2 n,iss'2ls
THROWN on market 1,ceoe.7 aslsp7o 1,752,75i
Since Joaudry /
EDeVed nj the port .l3.772 s23 lsAs3 sl3 bql6 900
Thrown market. 10 ez5 600 1885, ia5 74ib,7ao
The dry goods trade the present week has exhibit
ed but little il any more animation than that
witnessed last week. There are some PURCHASERS
from the distant Soutn and Southwest looking round
and making selections to a moderate extent. The
Spring trade, II is now believed. will be inaugnrated
latsy than usual, and that il viii lot display much