The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-06
FINANCIAL AND COMMERCIAL.
EN- MAR X K T.

FRIDAY, March Sc T. nj.
The stock market generally was lower this morn
ing. The operations were comparatively limited
but prices were pretty well sustained from the open
ing to the close. AT the first board Hudson River
railroad third mortgage bonds declined per cent;
Canton Company, /; Delaware and Hudson, !; Penn
sylvania Coal Company, /; Cumberland, a. New
York Central, I: Erie, !; Harlem. /; Michigan Gen.
trail Railroad I: Michigan Southern, Il; Cleveland
and Pitsburg, I; Cleveland and Toledo, !; chicago
and Rock Island, /. Virginia Stae skies advanced
per cent; California State sevens, ~; Illinois Gen.
trail bonds, 4; Reading, 4; Milwaukee and Mississippi
Railroad A. There was a more active movement
today m State stocks California State sevens were in
demand and closed firm at an advance A seven per
cent State stock is not common thing nowadays.
Most of our State issues are at five and six per cent
and some of them command premium, even with that
low rate of interest California State sevens should
stand before all the rest, in market value, as they
actually do in productveness. There can be no in
crease in the public debt of California. The State
constitution requires every act of the Legislature in
ceasing the public debt to he submitted to the peo-
pie and with this restriction the probability is that
attempt will be made to enlarge the present in
debtedness. The total debt is about three and half
millions Of dollars, and a. proper sinking fund has
been provided for its ultimate liquidation In the
leading speculative railroad stocks the movement
was moderate, but no stock was pressing for sale,
and outsiders appear to have lost faith In the fu-
ture course of prices The pause in the market is
desirable feature for many operators. Some
old holders may step out during the tenn
porary depression but many new opera
tors will be likely to step in and get
good line for the return of better prices At the
second board to-day the market was quite steady,
with more active business in the leading specula-
tive stocks. Canton Company advanced per cent
Erie 1; Hudson River Railroad /. New York Cen
trail Railroad opened this afternoon at 924 and sold
down to 80 per cent cash. Some short sales were
made but buyers appeared plenty that the sellers
were soon cleaned out. After the board some of the
short sellers were buying back the same stock at an
advance of per cent. Chicago and Rock
Island was without material change at the second
board The sales sum up only three hundred shares
Hudson River Railroad was moderately active, and
prices were well sustained. The earnings of this
road in February, this year. will foot up about if
teen thousand dollars more than those for the same
month in 1857 The road is managed with great
deal of economy, but not to an extent to impair in
the least its efficiency in every department.
The Assistant Treasurer reports to-day as fol-
lows
Total pay mens ACKNOWLEDGEMENTS. S9S2l 3S
Total balance ASS ~
The receipts to-day include s43 900 from customs
The steamship New York at this port from Green
ock. brings days later news. She left on the
14th of February. The closing quotations for con-
soils were 96l 9G4 for money and account. The
political advices Of favorable character, show
ing that not the slightest apprehension need be en-
tertained regarding any interruption Of the present
peaceful relations of all the European Powers.
This news is a foreshadowng Of the favorable ad.
vices anticpatedby the steamship Europa now fully
due at this port with Liverpool dates to the goth of
February.
The operations at the Clearing House to-day were
as follows
Toh exchanges 3sI 500 90
Ioa, baances......... s'a,2a5 %
The closing rates today for sterling exchange per
The Arago from this port for Southampton and
Havre tomorrow Saturday, were So % per cent
premium; on Paris Of. l7t ST. l3l.
The Atlantic Fire Insurance Company have de.
clared a semi-annual dividend Of five dollars per
share.
The Albany Argus of the 4th inst. contains the
following in relation TO the present management Of
the La Crosse and Milwaukee Railroad Company.
The road is now in good hands. and will be com
pleted at an early day. When completed it must
command an immense business
The vacancy in the direction Of this company occssioaed
BY the retirement OF B. Brewster, Of New York IL to
he ted by the election OF Mr. Wm Watson, Of this city
The directors no longer employ financial agents at New
York since July last Money has been raised through
Nc iess thaS COG Geo Of suck and bonds have been
slaughtered by forced salee Az soon az the Eastern d
reStors who nearly all reside a this city discovered the
agency and the Office TO this city, where they car manage
uthemselyes Judge Radcliffe, We learn, has assumed
We learn thai the n'aug debt which very trouble
has been reduced to an extent 70 render no longer
90. Mesrp Clark Perry and Luther, Of the Board OF
Directors have gone 10 Wisconsin supernend aud
look tie snars o. the company the line. The road will
be finished 10 la Crosse this year The contractor lay-
ing the iron at the rate Of half mile day TIE winter
had been, and h, propuous u the work The Board has
cvi COVE eHpeises ~ every possible way They have
they new ticket through from Boston and New York 10
81 Paul, Minnesota, over the Ia Crosse ROAD
The Norwich Comm Courier states that the time
having elapsed for filing up claims against the Col
chester Bank bank notes 10 the amount Of sl5726
have been presented 10 the receivers while the out
standing circulation Of bills legtimately issued was
at the time Of the injunction, only sl20l2, thus
showing fraudulent issue of s3,7l4. The assets Of
the bank about $4,000, but Of this amount some
portion will doubtless be found not to be good
There Is no question, however. that the billholders
are perfectly secure md will receive dollar for dol
lar in satisfaction Of their claims.
The Buffalo Commercial AdreTt,ser states that
James NJ. Smith entered upon his duties az receiver
of Oliver Ice & Co.'s Bank on Wednesday. Nr.
Smith was appointed several months ago. but dc.
cuned acting for reasons satisfactory 10 himself
The annexed statement exhibits the value Of 70.
reign dry goods imported at this port during the
week and since January l. in each Of the past three
years.
MOVEMENT N FosEGS DRY GooDs.
Fv ths usrt 1855 1861 1868.
49, NJ n-c FL r-n