The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-23
FINANCIAL AND coMMERclA



SATURDAY, MAJ 2A-SRM
with moderate amount Of business In the took mar
kee " aay prices better throughout Tho tendency
upward from The opening, and quite IN Improvement
realized before the close. Missc r ssse s,xes sd
va.ced per cont New York Cent? al Rsiircsd. X: Er,e.
u; Hudson River Railroad, Vi yoading, Y; La Crosse
and Milwaukee, x; Michigan S.ahe N, ola, X; do pre
ferred, NJ Cleveland and volsdo, u; Cstcago snd Rock
Stand, 1. Pacific MSi Company declined \ per cant;
Harlem, q Michigan Central, r. In railroad bonds
there pArticaIr variation. Prices we're we'll sus
tanned, with small ransaotons Panama opened ana
closed steady Every day Ia developing the great re.
sources Of th road Arrangements are nearly completed
for the establishment Of hne OF propelers between
Panama and all the ssutn American ports ON
the Pacific This will direct all the commerce
Of that ocean with those ports TO the Is,nmus OF
Panama. and throw great deal Of train, and travel ON tn.
Panama road At no dstaot day lines Of propelsrs will
be established 10 run up the coast aud open Of
that region. We notice sae OF Milwaukee and Assis-
sFp income bonds at 40 per cent and also Ia land
grant bonds At "a per cent Parties we'll posted
gardpg the actual merits Of investments must be
surprised u these comparative quotaors small lot Of
Second Avenue Railroad stock sold hs moruog as per
cent This is the only CITY railroad qao.ea bsiow
par The gro WITH and Of
exceeded oil calculations, and their stocks are noas
best investments the market The Sc ond avenue
Is destined To high points as auy. Il has good
route, and controls the travel along the whole eng of
the East river
At the second beard the market generally was little
lower La Crosse land grant bonds fell off per cent
Pacific MAIL, y; Erie, NJ Michigan Central Railroad, VI
Michigan Southern DID, u do, preferred, After the
board the make. heavy, and closed dull
The steamship Vanderbilt from this port for Southa mp
ton and Havre to day, carried s4as7si ~ specie
The transactions at the Clearing House to-day were ~
follows -
,etai exchanges SIC 6c5 1873 GO
iosHi oAiabces. l0it9i9 20
The Metropolitan currency certificates now am punt to
SsO000.
The committee, OF which Mr. Alex NJ Allng Ia chair nan
appointed 10 investigate the affairs OF the Nit aukie aud
Superior Railroad Company has submitted " Wis
consn Assembly the testimony taken by them, also The
following resolution, woicb will 70 describe their
report, in some measure:-
Resolved, That the Judiciary Committee be, aud they
are hereby requested 70 prepare snd at their ear 81
poruniy report TO the Assembly, bill for
thorpe The stockholders Of them Institute legal
proceedings Against sad companies In which either
Of them may be stockholders up the OF
said companies the speedy equitable manner
TOR the interest Of said socknoldcrs aod Gil
the present managers OF the sad corpoaoss aad pro-
vent them from hereafter having any further other
manage Officers or other wise of either of said
companies, ana to forfeit all issued TO be by
either Of ibem aud for the fr each OF
Of any money wrongfuly received and converted By either
Of them.
The report of the Credit Mober which published q.
length IN the Paris Aonue, states that the profit aud
oes account though does not display the brilliant
sus OF former years, still shows very sails actory
balance. The Investments Of the COMPANY in rentes,
shares and debe,tures, have yielded proht of 44s4.
62e francs from interest and commissions the profit
been 2,709 1856 francs; the profit reports only
amounted 70 COS 649 francs and the gross revenue
s 1882 sto francs From this Is be deducted for
uf
francs besides Al $50 francs for the de-
preciaton Of stock held by the company the Bis,
De ,ember, leaving net reveoue OF 1913 francs
farce millions Of this having been pay
the per cent divoend on the 3st Of December last
there remains clear surplus OF 4i33 1873 francs T,e
directors present do think pro- to declare any
dividend on, OF this surplus bat prefer 70 available
cover oss they may susta the depre
esn q all kinds Of stock which has been by
setted state Of things srce the aeonOsbe attempt
lsih of January They remark ,ha. H. there s
TO hope, tht situation OF affairs imp ove amount
Dot DoS divided will go TO augment tae resources aud
probn Of following years, and credit the com
pany cannot bo, be Increased by pruceot course
sbereas would have been impaired By declaring oivi
demo which the events have occurred l4tb
Of January ooad no, entirely have jusaae,.
The canal ols collected BaI.o continue 10 show an
important increase past years % fooxs-
sto, during May ....."............Si4,ii2 |
1865, nrst two weeks and four days....... 90, ~,
The Blfaio Erpve. the smolnt Of A,ur shipped
from that poat mp Saturday night (seveaeen days
~ 2S2 barrels, being within 10 500 barrels OF the whole
amour, shipped during the whole OF ias, season.
The earnings OF the Ceveland Columbus ami Nncinnau
Railroad for the month Of April, this year and is,
A. follows
sPn ,sos .Se4,bsI p
APrh, iooi.'.... sb2A IS
Decrease. ACKNOWLEDGEMENTS. 69T 80
plan has been suggested relieve the creditors and
stockholders Of the Raj stae Mls, which meet
with general approval Tho idea 70 form a new co n.
pauy called he Washington Mills" with q capital Of
2eeoooo, the creditors 20 subscribe 4, the amount OF
their respective claims, and the old stockholders TO De
allowed taia proportion 70 be hereafter dstermiaed
The total debts 81 10000 20 per 10 TO be paid
10 the creditors i'm mediey aud 20 per cent OF the re
naDder 81 tue end Of year-.hs balance 10 for per
manen, capital for the manufacture Of wooen goods and
II this be unsuocessfui the finally closed as
best may be After fair trial Should this plaa be carried
into eject the euprsme Court be pe,oned 10 allow
sale Of toe entire Bay State property the concern
h No. g. with all is stock, &c be sold as soon a
practicable. amer paypg the creditors 40 per cent II Is
supposed the company viii have 81 per cen, OF quick
and 80 cent Of fixed capital The the fixed
property which by the plan proposed will obtained for
about s7ococo, 81 ,ses,sa, and this estimate Il
considered Q very lo~
The New Orleans Pseoyurs OF the ssh sstau. says
The weekly bank statement will be found bel,. n
sho~f Considerable reducuon in paper bulk Of
which. however, has sone into long io.ns The spcce
the bguree Of fortsght ago fhs exact cha oees A.
compsred With las, weeks returns, are as folio ~s-
~cresse snors IoAns se2s6ll