The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-22
FINANCIAL AND CONNER GAL.

THoHspAv, Apii 2f--s X
Tho decline in Stocks which feature OF ts,
market for The past three four days, brought In this
morning, nome fresh orders from outside. Sects opeued
very du bu' gained strength the saes and
closed at marked advance over yesterday The
Il reported by the brokers more healthy In tcne.
Tie late tumble stocks began with tho sale Of
500 shares Of Nsw York Central Railroad Stocks which
the lame OF Boston mercantile hoasc, Of share
holders in the road. The impression produced by the sale
that tho Old stockholders at length losing faith
the management this the view which the bears
strove TO impress the public mind. How well
they succeeded the fall Of 3 psr Cent In
Central, aud, by sympathy, 3 nearly corresponding
decline In all other speculative shaxes, testify
plainly enough. It is however, fact that 30 far
from the old shareholders in Central selling out the
quan'isy the street il being diminished. Tho transfer
book shows that while stockholders have sold 70 tho
street. since 23d February the date Of the opening 307S
shares less than IA ITO shares have boon taken out OF
the street by nvesors during the period This of
COURSE exclusive Of shares transferred To brokers Tine
very house whose Of 500 shares the occasion
ofthc late furry still holder Of shares than
sold.
The Central managers 10 town, and have been
In communication with the Erie directors with
establish Of action between roads II s
understood that only the Ee but the Southern roads
Gu W tnelT bepS IN tho
Of the late reduction Of freight tolls Tho difficulty ap
pears to be as to which road shall the return
to the old tariff. Each road accuses the other Of
having commenced the strife, and each awaits
the olive branch from ts neghbor. The
appears TO be one in which discreet person
good terms with all parties, could readily effect settle
ment in which all could Each OF the conending
interests has peculiar advantages If the Southern roads
have fewer miles 10 travel the Central has ndsputaoy
level road; and the Southern roads doing we
enough to pay their usual dvdnds tho business the
Central is said to be quito satisfactory 10 the managers
What is wanted is simply q general understanding
as 70 the minimum rates to be hereafter charged on
freight. This certainly be effected common
senseand not personal feelng-governs the pen ling
gotiations
AS general rule the disputes Of railroads Of no
consequence any but their shareholders In flash
times active competition between rival roads is rather
gain than oes TO the public, because stimulates traffic.
and only involves danger which, at such times,
can be safely encountered. But at crisis like
the present, when the country is only just slowly
recovering from revuson and eighteen months Of sub
sequent liquidation and suffering, every event which
widely distributed public securities, and widely
ran1ed properties infcs positive injury the whole
country and every branch Of trade and industry II is
the interest of every human being in the andwith the
single exception of the bear obbers Of Wall streebat
the country should now recover from depression that
and traffic should revive and that confidence
should be restored Those therefore, who for purposes
Of private GAIN for the qualification Of private pique
senalzc themselves at the present time by fomcnng
discussions among the leading railway enterprises, and
throwing obstacles in the way Of the recovery Of
railroad credit may justly be regarded enemies to the
public good, and positive nuisances.
Money continues very easy. The banks are willing to
lend at very low rates. and the brokers offered more
than they need at per cent on call Exchange on Eu
rope is firm, but quiet We quote bankers sterling bills
per Saturdays steamer ut l19 no. and francs at 10
a5.12 The specie shipment Saturday is likely to be
large.
At the FIRST board to day, large business done in
Central at the closing price yester day3 the price
the session advanced and after the board sales
made at FAX. In the afternoon the price high
AN closing at 74ss Rock Island, Galena Reading Har-
lem preferred tive other stocks steady
with fair amount Of business done. Southern guaran
teed opened price, but the stock very
scarce and before the adjournment advance Of tooK
place. In the afternoon ii was higher, closing at
$3.50. Panama advanced fraction. Pacific Mail de
clned as low Sc, closing in the afternoon at s6h
The demand for State stocks aud bonds continues
moderate Missours weaker in the morning,
stronger toward the close Of the day. Tho bulls
encouraged hope that they have the last OF the de-
cline. The majority Of the bears, the contrary seeing
clearly that for the month two the receipts Of the
roads must be light and not admitting that the public will
likely anticipate the consequences of largo crop
this fall are eager eyer sel stocks for decline
The following the last prices Of the day. tho market
closing firm ;-Tenuessees, sSI "a Mssouris S7ss II
vngnias, o9A s916 Canton, 1914 1914 Cumberland
preferred 81 70 New York Central, 745s 74L Erle
9a9a Harlem, l2% a 1874 Hudson River, 3216 a3?A
Reading, SIX 5i1s Michigan Central, 52;S a SEX;
Michigan Southern, 121S - do. preferred 35s 35sl
Panama, 1RlA 1924 Illinois Central, o5sl GO n
lena and Chicago, 81 e7I6 Cleveland and Toledo 25I
25ai Chicago and Rock Island, 5s1i 5sa Illinois Gen.
ua bonds, eSsS a ssJS Pacific Mail, s0h s6si.
The exchanges al the Clearing House this morning
500 966 el6 81, and the balances 81 53o.2l3 6S.
The following is comparison Of the receipts expenses
and earnings Of the Central Railroad of New Jersey
for the scal year erdng March 81, 1852 with The pre-
vious fiscal year.
1859. 1855. Tacrease
Receipts is70953 s6S29iO slss oI3 or rs per cent
Ezpenses.... 35o,2s0 325,147 cl53S or per cent.
Net earnings s5aos72 1857 a2 slea 7s or &c per cent.
The following disposition has been made Of the