The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-28
FINANCIAL. AND CONNER ClAL.


Weser 10 morrow u estimated at 81 800 900
2Oc0eeO, OF which the agent OF Rothschds aends
sSVoNoo IheIc no Cunsrd steamer from this po mex.
week, and the prevailing opinion among hnaoeia is
that We have the worst OF the specie shipments Al
this season of tbeye IL usua send out couple OF
millions ber eabouts per week. The drain il gsno.
rally than balanced by the arrivals from California
and the interior. At The presen; time the New leans
banks hold from Ave to six monF, which will naturally
here in the of the month. Other parts
of the South will like wise send something, ard ths
financial centres throughout North West are aso
likely to contribute heir proportion
Exchange OH Europe s stenty AT ITO l10A for sixty
day bills, and nos z for sight bills fraucs, 57Ha
b.l0. The business done to dag mo ieraie Money
continues az lest reported Call loans are oeref TO the
brokers al i've and large amounts placed with DIN
Guilty at this 6gufe. The applications at BANK for dis
said to be rather larger th,a usual the busi
Of the bill brokers being less. Toe rase for long
paper CONTINUES TO be seven per cent on call.
The stock market evinced strength t,day There
were number Of for the Western ocks and New
York Central, and prices advanced from 4 70 per
cent all round, leaving OIL after the first board, with
good demand The leading bears c9ntinue 70 believe that
the spece shipments certain 10 cause revusion this
fail, ard eel stocks with undimushed freedom aud
rage To day their efJe rather successful against
State stocks and bonds, which rule lover. yr.
guias done at 062, Hudson River thirds al ", Nj
chigan Southern seconds al 3d. Mssouris steady.
New York Central fayorahly affected by of
satisfactory conference which took place yesterday be
tween Mr. Corning ad considerable shareholder in the
Pennsylvania RS road aud which ii s hoped may leaf
to q settlement Of the dispute. The stock opened a. 736
An advance OF q over Yesterdays closing price Id
vsnced to "a sold NJ 1879 in the Afternoon and closed at
T3% bid The stock is exceedingly in the street,
the purchases by outsiders been larger than ge
morally supposed. Illinois Central quite active to day
at a considerable advance, which, however, not
tanned The stock opened at 57H-a large advance since
yes:erdayrose to 500 sold in the afternoon at 57 and
closed 81 bid The bonds also per higher This
advance s due TO the movements in the London market
II witnessed by the largest stakeholder ia the road
Mr.. Richard Golden, Of England who present al tbs
board and who having just returned from the West
ports favoraby not only the Illinois Central but on
the entire Western railway interest He looss for the
largest crop harvested in this country Rock leland
was sharply assailed this morning. did give way
s understood that the party hch has been buying the
stock has ceased to Co for the present leaving
stand or fall its merits The earnings for Nay thus
far appear To indicate loss on the month"; compared
with ast year. less than $4,000. Gaena higher
day. the road said TO be doing better though still Gar
behind last year. Toledo 10 again higher the PIedeut,
Mr. Waripg, has published card denying suits have
been brought against the company and stating TINT the
floating debt has been reduced to $34l 600 The pubca
ton Of this gratutous statement has naturally provoked
hostile criticism. When will railroad learn
discretion? The Michigan shares both shade
higher Panama and Pacific Mail steady. Erie al
vanced fraction. We understand that the company ex
pect business revives and the four roads
tie their disputes to be able to pay the overdue interest
on the first and fourth mortgage boads. Mean while,
they Ing expenses ana hope that they will not be
driven 70 litigation with the bondholdcIs The stock
closed to day at e bid the bonds Sd and 4h mortgage,
were lower In the afternoon stocks pretty steady
and closed the following quotaoos:-Missouris ssZa
say; virgnias, 96l 97 Canton ls2l 10; Cumberland
preferred II is; New York Central 732l 1917; Erle
Ga e7s; Harlem, loH IL; Hudson, 31 3l2&; Read
ng, A Az; Michigan Central, 43li 43k; Michigan
Southern. sh 10; Panama, lis 49, Illinois Central 81
SIX; Galena, 641s a 6lA, Toledo, % a 2s1S; Rock
Island, 81 x 50; Illinois Central bonds, 70 80; Pacific
Mail, TAX ais
The business o. the Sub Treatury to day was as
folowe-
lUtal recep's. S2lt 1913 co
%for customs. 9s 900 90
Iota pay fnents 4i6,Si7 It's
Ei'ance.. 753 ,622 IL
The exchanges a the Gearing House this morning we're
SIS, os95s5 So, and the baarces 81 ,0o2,7S2 05.
pNnENDs.-The Howard Insurance Company has de-
clares dividend of IS per cent. pay able June G. the
Merchants Bank sema annual dividend Of 81 per cent
pay able on the LIST of June.
The earnings OF the Cleyeard Columbus and Cincinnati
Railroad for April.were-
Freight Observation-Disclosures. s42356 90
PasseLeers, express and mail .......... 33021 as
kents... GOAT 55
Total ............. .................. SS AS 90
Apfi, s3,S12 81
decrease $l2,4 81
Those Of the Ohio and N ssissppi:-~
1859. 1853.
passengers .............. S74,626 ~ 1868 80
Freight. 48,057 So 1854 "a
Express ................ 1915 90 S,3 6 90
Hah... ................. 6,033 80 $3.50 90
Total. ................sl32,eS & 81 ,el5 Oh
The New Orleans Picayune Of the 2lst in its money
article, remarks
The money market, though still abundantly supplied
does not present quite the range Of facilities
rowers as before. Prime long paper which in re-
quest few weeks ago at IA cannot now be passed better