The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-30
FINANCIAL AND CONNER GAL.
FRIDAY, April 29-6 P. n.

FRIDAY, april ZJ-o 4. d.
Money brokers report the market rather easier and
the amounts offering at four per cent larger than usual
The supply Of paper offered at bank is very SMALL and
among the brokers there is of course demand for
money Exchange on Europe continues high We quote
bankers sterling at 1872 HOY, and francs at $40
11A, at which figures moderate business is being done
for Saturdays steamer. The fall in the price Of gold in
Europe has tendency to discourage specie shipments
the favorite estimate for tomorrow is $75o,ooO.
This has been q very blue day in Wall street. The
feature Of the stock market continues To be the operations
in Pacific Mail 1t closed last evening at SOY for cash,
and 10 seller sixty this morning opened at 81 sold
down 10 IS cash. and rs tme and closed in the
ing at 7eT for cash. The transactions of the day
were very large. There is nothing new between
the Commodore and the Company. 1t is however under.
stood that negotiations for the stoppage Of the opposition
line will not be renewed present. the company choosing
rather to test its strength than TO purchase vanderbs
boats on the Pacific 1t s generally supposed that this will
lead TO the despatch of some Of the Commodores large
steamers to the Pacific with instructions TO run at
lower rates than those current Persons DESTROYS Of
visiting California will therefore enjoy opportunity
Of nons cheanip which reans the haneht all
these conflicts steady at yesterdays prices The long
continued depression in the speculative railroad stocks
still continues todays prices were In instances the
ovost touohod since the panic New York Central opened
ut 10h and was hammered down to 70 by conspicuous
bear, who sold freely at that figure After the board
was demand at n.y. and closed in the afternoon at 7
bid We understand that in progress which
will probably lead to forced settlement Of the pending
suicidal competition on the great lines TO the West The
roads west of Indianapolis have agreed to "prorate"
no longer they have fixed their rates Of freight
and passenger fares, and If their Eastern con-
nections choose to reduce their rates, they
bear the entire loss themselves 1t Is highly proba
BILE that this very sensible example will be shortly fol-
lowed by the roads west Of Buffalo. When they do go,
the whole cost Of the fight between Nhe Erie and Central
will fall on the belgerents alone, and the prospect of
settlement will be thus vastly improved. 10 any event
business revives, and the demand for railway
accommodation increases, freghs and fares will natu
rally go up. Western stocks pretty steady TO day
with the exception Of Michigan Southern, of which the
stock declined TO OK, and the guaranteed to 81
The earnings of this road for April will show falling OF
Of perhaps 500 O00 April, 1858, having been, with
exception, the heaviest month of the year. May will
probably show an increase. The treasurer advertses
tina. the May interest in bank and coupons will be paid
on Monday. Michigan Central gave way q a u In the
morning; in the afternoon it was stronger, closing
at 6O56 Galena, Rock Island Toledo and Illinois
Central all steady BY the middle Of May
farmers will have made their minds up 10 the CROP
and the produce held back in the West will begin to
come forward freely. Erie in demand this morning
g. circular has appeared urging the stockholders
and the public TO forward and extricate this enter
prise from its endorsements In view Of the lighting
policy Of the President how any response to such
appeal be expeced9 If the Erie really desires the public
10 to its aid let the President convince people that
he really has the interest Of his road much heart
az the injury Of his rival Then, perhaps, people might
help him. not before Hudson River is very steady.
Harlem was rather lower this morning Reading
the yesterday. There Is change in
stocks or bonds; the demand is active, and prices
steady. In the afternoon the market was higher,
and stocks closed quite firm at the following quotations
Missouris, 81 X; virgnias, os a 9sh; Canton, 1es
1917; New York Central, 7lX NIX; Erie, IN as Har.
lem, 11% IL; Hudson River 81 x 49, Reading, 5o4
6o5S; Michigan Central, 5ox 5oK Michigan Southern,
122ys Illinois Central, IS a 60; Gaena aud Chicago,
e4x e41G; Cleveland and Toledo, 247s 2aa; Chicago
and Rock Island 5s4 SSH Illinois Central bonds, IS
sSx; Pacific Mail, 79si a so.
The business Of the Sub Treasury to day was as fol-
Iowa.
Total receipts sl02 ,045 II
-For customs. ACKNOWLEDGEMENTS, oVVVo W
Iotal pay menus. lZo,2Zt 10
Balance ................. 6,5I7,0l9 81
We understand that the suit Of the Cumberland Coal
Company against Judge Sherman and others has boon
dismissed demurrer, the ground that should have
been instituted in Maryland where property situate
We requested 10 draw attention To the retirement
Of Mr.. winsow, Of the firm Of wnsow, Ianicr and Co.,
advertised In another column.
The following . statement Of coal shipments over the
Delaware IAcawanna and Western Railroad for the week
ending April "a
---lS6s.----- -----1S5e-- -
shipped North a Wss ,7 ss $3.50. a! rs
Shipped South 1O378.16 lOS7lel7 1856 OF %