The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-16
FINANCIAL AND COMMERCIAL,

FRIDAY, April 10 r. NJ
Though the banks understood TO be rather seeking
% suta than to their discount iue money con
MINES as cheap as ever We quote call loans at s. the
nver figure being the rate at which money borrowed
m the street on State or other first class securities Mer-
CATTLE paper continues TO be First class short
nooeptances are done FIRST class four and six
months paper endorsed, at s. second class as; longer
dates and lower grades, TO- Exchange is very firm at
no for bankers sterling bills and 5ll Jay for francs;
but there is little doing for to-morrow's steamer
The upward movement on the Stock Exchange gains
strength though the bears oppose with more vgor than
ever There to-day large orders for Harlem pre-
fered the strength Of the passage Of the law securing
- the company their horse railroad the price opened
u a. sold down to Al and closed at 42h The trans
actions Of the day amount to several thousand shares
Nero were also considerable orders among the
commission houses for the principal Western
stocks The business in the Rock Island shares
was very large, and at advance over yesterdays
Prices The same remark will apply to Toledo Gaeua and
Michigan Central Michigan Southern did not move as
freely as the other Western stocks The short interest IN
This stock 80 large that the absence OF purchases
BY the friends Of the company the bear joooers con-
troll the market All the other speculative western STOCKS
higher and buoyant The public seems are De-
ginning realise that have seen the most OF the nard
mes and that though the roads are not yet gongo do
large business the depression under which they are SUI
ferpg liz drawing to a close As the spring advances,
Mis- feeling is likely to gain strength New York Central
was also higher today opened at 71 rose TO u n,
md closed at that price We hear unofh;aly that the
March earnings of this road will show decline of about
80 0t0 as compared with last year In APRIL thus far,
the business has been good Hudson River was very
hrm at fraction advance over yesterdays price The
business Of april shows increase over April
1855 The third mortgage bonds in demand at
5sL Pacific Mail continues to attract marked
attention. The price did not vary much from
the closing figures of yesterday, but the bears were VII
ling TO sell at a difference Of three per cen. for sellers
options. The arbtraors are at work, but appear 70 De
proceeding slowly with their task The coal stocks were
quiet without material change, with the exception OF
Cumberland which declined TO 21 The managers Of
This company expect TO do excellent business this year
active at full prices Some or the nos
popular State stocks becoming very scarce In rail-
road bonds very little done In the afternoon there
was fair business done at the highest prices Of the day
ne market closed firm after the board, the following
being the last quotations Tennessees e3S eas< Mis-
sours, $50 ssH; virgnias, 80 s91s; Canton, le,S
lsX; Cumberland preferred, 81 ~; New York Cen
tral, TEX Tx Erie, 10 1o1f; Harlem, Is lSX Hud
son River, 3SX "a; Reading, 5oA SOY; Michigan Cen
trial, "a SAX; Michigan Southern, lax H. Michigan
Southern preferred, 40 4oX; Panama, 1917 i2lH y;
Illinois Central, 6sS CO; Gaena and Chicago, 6sH
osx; Cleveland and Toledo, % 271 Chicago and Rock
Island, 5sX ASK; Illinois Central bonds, $50 SO;
Pacific Mail, ss $50.
The business of the SubTreasury as follows today
Total receipts. sls3oio 81
FOR customs. ..................'...... .f'yV "
Total pay 30
Total balance. loo,ooo 10
The exchanges at the Clearing House this morning
$50 I6l ,322 81, and the balances 81 ,2i3,367 Ia.
The following dividends have been declared
The stissng Bank, at Pine Palms. dividend of three
and half per cent, payable on demand; the Ftchburg
Bank Mass dividend OF three and half per cent; the
Neptune Insurance Company, semi annual dividend OF
Afeen per cent payable demand; the Washington In
surance Company, dividend of fifty per cent, payable in
stockholm of Boston, the Five Cents Savings Bank OF
Newbury port semi annual dividend of three per cent
the Baltimore and Ohio Railroad Company, dividend of
three per cent from the net earnings Of the main sem
four and half per cent the stock Of the Washington
Branch road the former payable the 18th Of May
and the latter on the 25th ns the Merchants Bank OF
Baltimore.
TO THE EDITOR OF THE HERALD.
In the money article IN the edition OF your Journal OF
Chs day, lind the following
I" At meeting of the directors held this day. John E.
Body, Esq, unanimously elected Secretary of the
American Atlantic and Pacific Ship Canal Company in the
place Of Isaac c. Lea, Esq"
This statement entirely without foundation in truth,
Board OF Directors Of said Company has taken
any action whatever in the premises ISAAC c. LEA,
April l5. Secretary of the A. A. and p 8. G. Co.
Az meeting of the first mortgage bopdholders Of
The Milwaukee and Horizon railroad held the 18th inst
was-Resoved, That the bondhoIders present sgn the
notice 10 Robt H. Lowry Esq, requesting him 10 advcr
tse and Fell the said road and appurtenances at auction
m the city Of New York. agreeable 10 the terms o. the
mortgage, and that such bondhoders not present
be notified to call upon the Secretary, j. j. Van Buren, at
the Office Of A. j. Blocker, son CO. No Pine street,
and sign their names thereto forthwith.
L. BLOSSOM, Chairman.
J. j. VAN BURKS, Secretary.