The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-22

continue 10 hold sterling al l09H x, and francs al
5.l2h is. Commercial bis-which are scarce-can be
bought at the usual reduction.
The stock market was dull and inanmate this morning.
and the business done moderate in amount. me
tendency Of prices among public securities was toward
a decline. sale Of government nves, for delivery
fortnight hence, was made at 1929 Many persons in
Wall street seem TO expect that Congress will not renew
the Treasury notes. and that Senator Hunters original
plan for funding them-whch would undoubtedly save
money-win be adopted Others, again, feel satisfied
that the Treasury notes are funded the present
tariff be not altered the government will require
n fresh issue of ten millions Of five per cents; and II
ia imagined that some such measure a o bill
authorizing a loan to that amount may be passed
at the close of session. Any fresh issue of United
States securities would of tend deprecate the
stocks in circulation abroad, the rate at which the
Austrian loan is selling not calculated to encourage
hopes OF successful negotiation there State stocks
also fraction lower this morning. vgnias and Mssouris
fell of y a There were hardly any transactions in
railroad bonds City ana municipal bonds reported by
the brokers duh and slow of sale.
Among the speculative stocks the tide Of feeling sets
toward Improvement in the most promising among the
Western railway shares. 1t is understood that the
pgs of February show increase February 1885,
on the Rock Island the Galena, the Michigan Southern
and the Illinois Central and SPECTATORS arguing that
soon as business does revive these roads must recipe
rate the stocks which represent them must rise have
been for come time quietly purchasing moderate lots.
There has been outside buying thus far; and so
far as We learn, the bulls inside the board
have shown marked prudence in their purchases.
But that many leading operators who have here
tooro been identified with the bear interest
now quiet but steady buyers Of the most pro.
missing Western shares there be doubt. Nor
it be reasonably questioned that If business should re-
vive, Rock Island, Gaena and Michigan Southern pre-
lered would very feel the beneficial effects Illinois
Central affected partly by the accounts Of increased
ings and partly by the prospect-whch is very strong
that the company will obtain the balance Of the expected
loan (s5Ooooo from England Reading lower this
morning. No reliance, whatever, we imagine, can be
placed on the published reports Of earnings business
this road. We give them to readers, in default of
more reliable Statements but they must read grano
The Reading with capital of $25 OO0 is doing less
business and at lower rates than had when its capital
only SIS 900 600; but the skill shown by the Phade
phans who operate in the stock invariably enables them
tc beat the New Workers. New York Central
is quiet and neglected the deliveries on Wednes-
day will be made without difficulty We
hear from parties connected with the road in town
hat the abrogaon Of the October compact is now ad
mitted all hands to be necessary When the Erie will
start the five dollar trains is yet known. Coal stocks
ratner reacted rise. COns1ueraoie
anxiety is expressed by parties in the coal trade to
tain the financial position of the Delaware and Hudson
Company. In few days the report will be issued.
II will contain, usual statement Of the years bust
May suggest that il would be instructive if
also stated the amount OF stock issued aud the
of funded and floating debt No questions the sound
ness OF the company OF the integrity Of the managers
but these matters which it would that the
public is entitled to some information Cumberland
lower to day. AT the second board the business
done was quite moderate, but the whole prices
were shade better Illinois Central was the sub
ject Of sharp contention between the bulls |
and bears The market closed steady, the following |
being the closing prces-Mssouri, s4% "a Canton, 20
a Cumberland 2sls q; Pacific Mail, 7sh x New
York Central, 7Ssl Is Erie, 12I ~ Hudson, S214
q; Harlem, Is q; Reading, 4e'l So Michigan Cen
trail, 5oh ii Michigan Southern, Tx IS; do guaran
teed, AK 451s Panama, 115,l Z; Illinois Central
694 ~ Galena 500 q; Cleveland and Toledo, 81 q
q Rock Island, elk a 81; Milwaukee and Mississippi
l2h 4; Ca Crosse and Milwaukee, n.
The following was the business of the Sub Treasury
Receipts. s5sI $50 SO
for customs ........................ $4,000 w
ON account OF loan. ~....... $50 $40 so
ray nent. 3ss ~! 20
The amount Of treasury notes received for duties last
week was $l44, 567 "a.
Messrs Morse Co have reorganzed their stock house
under the name Of Morse Wolff The same partners
main in the firm
The Cincinnati Commercial Of Saturday Says
is stated that II. Riemar, of the heaviest prov
sion dealers in Baltimore indeed upon the seaboard is
in the receipt of letters from Clarke Co., of Pttsburg
agents of the Pennsylvania Central Railroad agreeing to
take four hundred tons Of freight from Terre Haue In
diana to Baltimore, via Pttsburg and Harrisburg for
sixty cents per hundred pounds being FIVE below
the regular tariff agreed at the st. Nicholas Hotel be-
tween the four Atlantic lines.
The meeting Of railroad presidents TO consider the above
and other attractions Of the October compact takes place
in this city on Wednesday.
The following statement Of the earnings and expen
Of the Pittsburg, Fort Wayne and Chicago Railroad
Company during the month of January
EARNINGS
from Heeu'.. S04 W
From passengers Observation-Disclosures. 50,l69 SO
From mail. Observation-Disclosures. 4,4S2 90