The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-03
FINANCIAL AND COMMERC tAl.

come further remlttances OF gold will be made on Satur
day, that in fact the banks viii be consdersbly poorer
nex. Monday than thev before the last % Cior
MIA remittance. Exchange Europe is dull today, and
rather lower. Bankers IS held in instances at loe
and good mercantile bills in the market at los Il q.
Money is without change, though the banks continue
endeavor to raise the The brokers paying
per cent first class short endorsed paper done at
bank at Az single names frs; class S; ninety
days, sac.
The street obbers and spectators endeavorng TO
nfuse rather life and activity into the stock market
Thus far they have not succeeded in obtaining any aid
from the pueic and unless the existing apathy among
outsiders should give place 10 speculative feeling the
movement for the rise must be very temporary. The
stocks in which the most decided bull movements have
been made Galena and Rock Island-two companies
which e1joy advantage most OF their compeers
having small debts and management reputed 10 be no
nest The whole debt of the Gaena is only 50 40 600
that Of the Rock Island only 81 397 900 So long, there
fore the managers honest enough declare
dividends which no. earned the condition of these
companies hardly grow worse though they may, and
of course must, for time, cease TO be profitable
TO their stockholders. There are, perhaps, stocks
the list in favor Of recovery in which so much
can be said these two; though it must be
essed bull movement the stock Of enterprises which
not earning much than half what they earned
yer ago, appears, at first blush, bold undertaking.
The advance this morning in 6alena equal 10 Ia:
Rock Island to al the close Of the day they both
shade lower but looked better than the other
the list The other Western soaks rather neglected
this morning Illinois Central declined = per closing
the afternoon 3. per cent lower still. TIE
in Erie continues. The rs bonds IN demand this
morning advance of per cent the stock advanced
y. The basis for the movement said 10 be the in
creased earnings Of the road but in full poe
Of his expects the Erie pay deuts
much less dividends upon ts stock, the true basis OF the
late purchases has rather been belief the part Of
Of the leading spectators that by getting M te
excitement IN the stock the smaller speculative FRY may
hereafter be induced to purchase for the rise and make
market for those who bought first II not too mucl
say that the spectacle the New York and Eric Rai
road Company deliberately refusing 70 pay sts just
debtsthe interest a. bonds and the principal Of the
second morigagcand limiting allowing others 10 nj
that the creditors not content with what their
solcnt debtor offers them there may be talk Of
usury Is the CHEST degree dsgraoeul to the railroad
interest and 10 the community. Speculation tie stock
and bonds Of such neither be profitable
safe New York Central moved tins morning rather from
sympathy with the Western stocks and with Eric than
from any intrinsic Tho advance this morning was
equal 10 y PER cent: in the Afternoon the advance was
mostly los; the stock closed bu, trife higher ,Lan
closed yesterday. Reading Grm but quiet, al an AZ
vance Of about a yesterday price Tnis stocA
in stagnani state; and 70 long the purchasers
Philadelphia continue TO buy and TO hod, there vii
probably he no material change 10 the narke; price
Panama and Pacific maii in the morning both quiet
yesterday last quotations. Ia the Afternoon tie latter
fe OF !. per ana closed weak The market general
" looked very tame and spris,ess and after ils
afternoon board The following were the closing
quotations q the day -Mssours, % a co. Pacific
NAL, s2s e2A New York Central, s9s4 s35. RE
\ ls;s ish, Hudson, 33ts 33sl; Reading, 5ILa5ls.
Michigan Central. b2I 52,f, southern preferred ST.
6lss Panama, l2oS i2o51 Illinois Central - - 73s.
Galena T3ls 73A Toledo, 81. 81 Rock Island, s29s
a e21I Tie marte, closed weas
The following The business Of tie srb Treasury 10
Total reoeips SIS q
Prom customs $1,000 ~
Total payments .....s.....*.s.......... llZy55l =.
Total balance s4o22sl ~
The exchanges at the Bank Clearing House this morning
we're s22.s2512s 30. TIE balances amounted 10
81, Sal 2ss 10.
The interest the Missouri State bonds doc January
will he PAID al the Bans II Commerce ,hss city. The
State has provided tie means
The bonds Issued TO the above roads arc in
as follows
North Nssoan. - rocco
Totai...,..............................s7I7e.ao o
which f22l 2sol mu.t be PAID by The the IL, n
January next, with Few thousand dollars for
change. But We are not wrong, We think saying that
the state treasury hae such comfortable surplus on
hard that the legislature o. The state win hayc -
provide the means as they meet December 81
Keep good Mr.. Morrsons promise. They can only rasc
the money by oan, and hence new issue n bonds 10
ray interest wth-no, very credi,ablc operation for
state. but unavoidable in this instance.
MI Carlisle Norwood has been elected President II the
Iorlard Insurance Company, place Of The ise Corne
hus Y. Anderson
The English committee who lately visited this country
10 inspect the Illinois ocut-al Railroad have reported 10
their constituents The POM o. their report contained
in the following sentence
That consequence Of the slow recovery from The
we're monetary pressure q LAT year. and the present
tnued depression n The o. tho Western States,
the committee, having u view the possibility Of det
such assumed deficit may be arranged without further
assessment q the capital stock upon which sum equva
lent % Que mllon sterling has been paid BY the pro
~ ary within nc las eighteen months, and the com
muee converting arrangements with the Board ~ New
York 10 meet such contingency
The return from the Bank q EorlaSd or week end
ng November II gives the following resulv when com
pared with the previous week
Public deposits. e6s2l o73 Increase Iils s92
uther deposits. 9al 65s pcreaee ... 270,s76
Bcst...........+..... 3I45ssc In1ra2e AGA |
ON g. other side q the account
Goverrtm securities so sos ,5sl Unchanged.
Whcr securiies... I'LL os3 ncreas, Gl3,3ll |
Notes unemployed. ID 7663ls Increase 49,. 45S ,g}5
The The Ssnss 10 the SUR prN,eipa ctcs |
Of The Union IN which weekly reports maze shown
BY their last ststemsats. n az follows
Laas IIspsts apc1 (yrara
~ YORK.. Nov. n SIN dsse~ ~ 1870 E.l5.,A 65z451
Hgstsu, NV. 2. ~ s5as a212 10 gsis0& 6g95i5 |
pils0cfh8 DO. ~ lH2hyf tCU3aIN Co.'s ~ 2tWGB |
owns Nov. rs. Ess - N6lGpG7 lsssfI1 6nN5eo |
Toa.ss...... az ~ 10 ~ Go go O. gN go 2t7A20
Last week. 8i,il3se IT, 5eslG g. 0gi57s 2isBTlf
We ave requested o. state that thc roll ne the
Peoria md oq0awka Railroad. referee h. Ia thu Peoria
T7ast and also d tbs Journal. tsten POSSESS n II
b. he United stats Marshal Was nc ~ properly olths