The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-08
SHANGHAI AND COMMERCIAL.

TUESDAY April f-sPM
There was slight rally in the stock make. today
Prices wire somewhat higher. aud the narke, closed
steady at tie advance The decline d the past Gays
appears 70 have attracted h.ie outside attention ,ae
stock market; and, though the purchases Of railway
stocks by outsiders still very moderate the quantity
Of bonds taken within the pas, fortnight quite
considerable il Is remarked that the prices OF the lead
ipg sioks Of the day about they were at the
height Of the PAM, Of 1857 while the prospects Of the
roads very different Then the roads h,d nothing
expect IN the future but long and tedious process OF
hGudston with reduced traffic and diminished receipts
Now they have right TO expect, during the ensuing
year. increased traffic increased receipts and by
Of the economies which have pr,ctised largely To-
creased profits. Then nearly all Of them carrying
at and per cent month, large floating debts
ranging from a million to three millions; now
most Of these floating debts have been funded,
and the balance Is easily carried at S 70
per cent per Then, new competing lines
were being laid down 10 every direction; no " there s
Tot new road in progress These views appear to be
inducing Of the merchants examine into the CON
don Of he roads which understood to be improving
with view to purchase at the right time The arnness
Of the bond market bears evidence of the large Of
money that is seeking investment.
The most active stock the list this morning was as
usual New York Central, which was freely Sold seler
Is, st 75sS by parties were glad buy the cash
stock at 7sS after the Board Hudson River aud Harlem
were sold snort with bodness; the price, however, did
rot decline Michigan Southern guaranteed also a.
tackled with vsor; it advanced =, y per cent. There
large purchases of Rock Island for cash. probably
to fulnl Contrasts the price fraction higher.
Toledo, Galena and Illinois Central were quiet at
last quotations the remark will sp
ply TO Michigan Central Pacific Mail was active,
and advanced to so per cent; the company is
said to be doing excellent business and like other
stocks, has been largely oversod The demand for and
transactions in State stocks very large this morning
Mssours recovered the late Decline, q.
S77s Erie fourth mortgage stands at SO, the Hudson
thirds At 77H Michigan Southern seconds at 90, Illinois
Central at ss Thus the last mentioned security pays
holder about eight the Michigan Southern secoaos about
twelve the Hudson River thirds about nine; the Eses
If the company would only pay their internationally
fourteen per cent There fair business done the
afternoon generally at better prices Pacific Mail reached
tsK, closing at s2l bid--sn advance OF az per cen.
today The market closed steady, the following beng
the last prces:-Mssouri 6's IS " Canton, 19< 90
Cumberland Coal, % 2S4 Pacific Mail, s2sI So; New
York Central 70 ~ Erie, % 10; Hudson River, 3S&
q; Harlem IL 4 a Is; Reading, 5o3S y; Michigan
Central sax q; Michigan Southern, 1914 4; do qua
raneed, 293s * Panama, 10 =; Illinois Central,
6s1f a: Gaena and Chicago 81 N Cleveland aud To-
ledo 24ss Z; Chicago and Rock Island, 55X Sc; MI.
Eaukie and Mississippi, as
The business OF the Sub Treasury today was as fo.
lows
Total receipts IS
Tor ~ 600 no
roaI pa! 20. 81
Baiance 1854 70
The excbsI ges at the Clearing House this morning were
So, 5o2,T5o CT, aud the balances 81 2o5, AIS 81.
There is no charge IN money. Exchange Europe Is
firm at last quotations. The Aps which sailed to-day,
took $3.50 OoO in bars, and much will proba.
bly, go Saturday. The Persias mail, next wednesday
viii also be a heavy
The Natioua Insurance Company, Of Boston, has de-
clared seu ar nua dividend Of ten per cent the Eliot
Insurance Company five per cent
The movement of the banks in the four principal cities
OF the Unlon which weekly reports made shown
by their last statements is as folIows:--