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

Total. $4,000 SO 1929 81 Decrease 600 q
Western correspondent writes that the prospect fol
spring business Western roads is not atterng Ont OF
New York city there great suffering among business
men, and do not see any relief for them but in general
bankrupt law
The coal receipts from the Cumberland region yet
very small The Democratic AHeghanan, Of Cumberland
Nd furnishes the following account WI be observed
hardly worth reporting, being homeopathic dose:
Coal TRANSPORTATION TIE WEEK ENDING FEB H. 1859
Shipped ouer the Cumberland Coal Compony's Railroad
tons
Cumberland Coal Company for the week. .So7
Making onv oas tons SINCE per s aay 90
Shipped orer the Georges Greek Coal C1mpanys Railroad
For the Week. Since Jan, l..
Georges Creek Company, tons. Il $50 1892
American Coal Company. .......l ,453 9,f7i
Franklin Coal Company. ......... 800 1859
Potomac Coal Company 63l 1872
Barton Company ................ 304 3,00h
Piedmont Mining Company - III 2slo
The only two companies that are yet doing any business
Of moment are the American Coal Company and the
The Cumberland Coal Company with its enormous
capital of So 00 and its necessarily expensive organi
zaon has not brought than the coal companies
small capital and means The Georges Creek Coal Com
papy supply the Baltimore and Ohio Railroad Company
and consequently send but little to tide water for the
general market.
The treasury disbursements $500 Oc0 less than h
receipts; the customs duties being large well the
payment on account Of the late loan.
Geographic despatch waS,receved In the city this az
ternoon, to the effect Committee OF Ways and
Means in the House hadrorted in favor of bill for
issuing the Treasury notes This will prevent the
sity Of regular loan in the form Of stock.
The state of the money market is without change The
week opens avoraby for borrowers on call at five to six
per cent and discounts of the best grades of paper
readily obtained at six TO per cent For second
class names the range is seven to nine per cent.
Foreign exchange is very firm, with very little doing
The quotations for bankers sterling 1925 109I ,
and 1907 l09H for commercial bills. Francs range
from 5.l2 to 5l5 per dollar, and very little doing at
5l3A In the stock market there little buoyancy
except in Pacific Mail Steamship stock, which advanced
and IN Illinois Central which advanced u; Pana ma ad
vanced u Galena and Chicago a Chicago and Rock
Island "a Cleveland and Toledo, declined, 4. Cumber-
land preferred receded 4, This stock has strength
dependent Of inside action nearly the whole capital being
held in the board who while they seek to keep up prices
are anxious to get the public to buy From the coal trans
portaton regions il appears the Cumberland Com
papy are doing little or no business at present
New York Central shows a small advance Of u :;
Reading declined "a. Ia Crosse shares fell a dollar
Michigan Central was steady. Michigan Southern com.
mon stock fell u, and the guaranteed TO Az Harlem
preferred declined u. Delaware and Hudson Canal ad
vanced Il. In United States ives there was q brisk
business, and its price sustained 102x sales
seller Is, were made u lower Missouri skies fell OF
u. Virginia skies were pressed on the market and de-
clned q. Tennessees fell OF u. California new
sevens advanced TO a. In railroad bonds there little
DONE Michigan Central per cents sold at 95. New York
Central skies were firm In bank stocks only thirty eight
shares were sold. Bank Of Commerce advanced a Anne
rcan Exchange and Merchants were steady.
is reported that the Reading Railroad Company have
appropriated 900 of their 1886 bonds for the pur
pose Of providing for the bonds due next year.