The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-14
FINANCIAL AND CONNER GAL.
MON EY MARK Il II I.

SATURDAY, March l3-6 Z. NJ.
The stock market was somewhat depressed this
morning throughout the first session OF the Board Of
Brokers. About the usual amount Of business
transacted but prices ruled generally lower. Mis-
sour State 6s declined per cent; California State
rs, q; Illinois Central bonds }; Cumberland, Z;
Erie, !; Hudson River Railroad, 4; Reading, "a;
Michigan Southern, preferred, lt; Galena and Chi
cago. 4; Cleveland and Toledo, 2; Chicago and Rock
Island, /. La Crosse land grant bonds advanced
per cent; Pacific Steamship Company, 4; Illinois
Central Railroad, T. In New York Central there
was a very moderate business, and the purchases
were principally by one party. We understand that
more than twenty five hundred shares Of this stock
have within the past few days, been transferred 10
foreign account and RENTED TO Europe. There are
numerous orders now in the hands of commission
houses for the purchase Of New York Central shares
but limited below the market. The impression is
that steamers now nearly due will bring an advance
on present limits, and that not only all the old
orders. but many new ones, will be fulfilled at
much higher rates. Erie will, il is thought. be
favorably affected in a similar manner. There Is
an active European demand for both Of these
stocks. Hudson River Railroad opened and
closed steady this morning This stock has for some
hear Of large lots going out Of the street into strong
hands. Reading was active this morning but opened
at quite decline on the closing prices Of yesterday
Michigan Southern, both preferred and common
stock, has been steadily settling down. In the pre-
ferred the fall has been very great There some
ugly rumors afoat relative to the discovery Of in
creased Indebtedness. The finances Of the company
appear TO be at loose ends, and not al all in proper
shape. Panama closed little heavy at 1851 per
cent. Only one small lot was sold at that price.
Cleveland and Toledo opened at asa, and closed at
al per cent, and most Of the transactions were for
cash Chicago and Rock Island improved fraction
on the opening Very little Of this stock was sold at
the first board Ia Crosse and Nil wauke was quite
active this morning. Amid all the fluctuations in
other stocks this has not varied one per cent. II
appears TO be fixed between 10 and II per cent, and
all the sales made between these points. Rail
road bonds were not at all active today. The bulk
OF the business was in la Crosse land grant bonds
at better prices. This company has now plain sail
ing and IL il evidently in the hands Of men having
the ability and the determination TO push il forward
to completion in the shortest possible time.
At the second board the market stifiened up lit
tie. New York Central advanced per cents Hud
son River Railroad 1; Michigan Southern, 3; Chica
20 and Rock Island, 4 Reading fell off /, closing
at 57i per cent. Chicago and Rock Island closed at
50 per cent, buyer 80 days. After the board the
market was dull, but prices were without change.
The transactions at the Clearing House today
we're as follows
Total exchanges .s4 obs737 81
Total balances. eo7 e02 III
The Metropolitan currency certificates now amount
10 $4,000
The tonnage on the Reading Railroad last week
was 20,377. Total this season, 2e9,349, against
&c., 1871 TO the same date last year.
The Canadians are talking about two grand ship