The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-07
FINANCIAL AND COMMERCIAL,


at lower prices. The market appears be in very
curious condition. There are sellers Of consequence
the street, and holders are not at all anxious 70 realize
Money Ia daily getting abundant and the difficulty
experienced in finding employment daily ncresses The
most prominent lines of railroad are doing fair amount
of business and making more money on small receipts
they did last year at this time ruuch larger gross
The stagnaon OF business guarantees greater
accommodations of money, and q protracted period Of
plenty aud reduced rates. At the first board 10 day Viz
gDia skies declined u per cent; La Crosse land
grant bonds, X; Illinois Central bonds u; New York
Central Railroad, Il Galena and Chicago NJ Erie Rarosd
Al Hudson River Railroad q; Michigan Southern pre-
ferred, "a; Michigan Southern, old, TX; Reading Rail
road, II Cleveland and Toledo, i; Chicago and Rock
Island l. Pa7ana was firm ut yesterdays prices
There was more activity in Gary Improvement Company
his morning. Sales Of Hudson River third mortgage
per cent bonds made the board ths morn
ing at 60 per oen and outside since 70 per cent cash
This ex interest," paid May l. The previous
at o9K interest La Crosse land grant bonds sold
day at 81 81 per cent Official notice is given of the
opening Of this road TO Tomsh Monroe county Wisconsin,
and two trains the entire length Of the line each
way daily The road will certainly reach La Crosse by
October The efforts OF the board Of directors of the
Michigan Southern Railroad Company to sustain tue stock
in the street have not been very successful The old
stock is back to old points, and the preferred rapidly
sinking. Illinois Central Railroad stock about the
poorest investment in the way Of railroad security
in the market The fact that road hundred
miles long, costing upwards OF thirty million Of dollars,
earning but STA coo in Of the best months 10 the
year, enough to satisfy any one that ii is poor
Germ railroad property. That would hardly
pay half o. the operating expenses hundred
miles of road could no. be worked for thing like that
per MONTH II the trains made up of empty
cars. At the second board the market better. An
Improvement the mornings closing prices of about
per cent all round was realized. small lot Of Sixth
Avenue Railroad stock sold at 100 per City railroad
stocks moving up steadily, and reach very high
points.
The Assistant. Treasurer req orts day follows
lotai rtcePts. s64 10Y %
lot2i pay menu. E,oio ~
Total balance .3,9l7 $40 46
The reaei7ts to day include s55 600 from customs
The transactions at the Clearing House day as
follows
Total exchanges Sn 4}54 ~ 90
Total balances. 1858, 400 "a
The earnings Of the Hudson River Railroad in April
about slo7 oc0 SIS 600 less than last
The Erie road continues TO show increase last
year The Michigan Southern receipts for april stood at
o,l33 against sl9s455 in 1857 The rerre Haute
and Alton road earned April ss5 oco, sgainst s73276
last year.
AS will be seen by advertisement in another column
Messrs. OBren, No. % Wall street, offer for sale
first mortgage bonds OF the Second Avenue Railroad Com
pany These bonds are secure beyond peradventdre,
will doubtless be taken without delay The ia
small the interest per cent and the security douby
ample in every respect, Offering chance for Investment
be met with in these days Of such superabun
dance Of honey IN the market.
We learn from the Albany Journal tina! the receipts of
four days of navigation, exceed the receipts OF last year
in the Of $3.50 os and that too, with the tolls
merchandise reduced ore hundred per cent
The trial of Joseph II. Tucker, late President OF the
Mineral Bank OF Maryland indicted for embezzlng the
funds Of the initiation commenced Al Cumbei land
Monday last The Indictment includes twenty counts,
covering the formal allegation Of the offence char ged in
every possible variety Of form.
The earrlngs Of the Little Miami Railroad Company for
April, were ~ follows
Ia issa 20
Increase 65t Al
The traffic on the road for tho past month was much
larger s.rungs, rH,os OF
freight being lover than the corresponding time last
wear.
Tie current expenses for he government of Connect
the year So 40 g. At the
sl2,46 30, and a loan due from thai department Of
$50 900 the slst day Of March last the loan amounted
10 $50 eco, with balaace on hand Of ,s3s "a.
The Chicago Iowa and Nebraska Railroad Company
progressing with their work from Clinton 10 Cedar Rapids
The road already completed forty miles, aui Is thu
purpose tue company complete the line 10 Cedar
Rapids by october next
The Albany Asserting House has issued the annexed
cuar-
The managers Of the Asserting House aier oonsuts-
ton with numerous friends OF the enterprise, and
cordance with their own convictions, have decided
make change in their terms for recey and asserting
state currency but 10 adhere strictly the agreement
entered into by the bank Convention the 1sh OF Feb
ruary last They believe partial redu'ii1n Of rates
applied 10 banks only cannot be lasting and that gene
raj reduction liz not desired by the interior banks,
will tend 10 require them 10 carry the buriben and pay
the expenses Of the txchaF between city ADD country
through the medium OF their circulating notes.
also subject them 10 competition with foreign and
currency. The Asserting House has the cordial
support and co operation Of nearly one hundred and
seventy New York Stale banks, which redeem through
daily upon The terms agreed upon with the Convention
and 20 send their currency 10 the Asserting House
through their corresponding banks ,hey viii fully
complain the object for which y was established.
JAS A. HI sBAND, Superintendent
Ths return from the BANK n England Tor the week
ending The 2lst Of April gives the following rosulN when
compared with the previous week
Public deposits. 90 32t,2s5 Increase. 100
Rest........ go. 3l65 sec Increase ........ 1890
Gu the other side Of the account
Gov 'rnm Z sccurl,esce $50 $50 Increase Ei2s SEQ
Other securities. 15,51b0 Decrease. 800. sq34O
Notes employ il $50 3TS Increase =737so
The amount Of cremation il GO sis ESQ., being
'ncrcSe Of f97 olb and the stock Of bullion in both
departments els SEA 3s9 showing increase Of fg77
o5i when compared with The preceding retsrn
The following the Official return cf the English mports
and exports " the trec e for the week end, Tho
2ist Of April
Imports. Exports
Gold...................... .Ebi3,s61 ETO,5o7
silver. ......................... l70,04s 78,5oe
Totals .GT13,sl5 Gla7,loe