The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-20
r FINANCIAL AND COMMERC GAL.

TUESDAY, april l9--b r. u.
At the morning board to day the bears resumed
troll Of the market The sale Of Central Saturday,
though in itself BY unusual noteworthy
occurrence appears to have frightened of OF the
buyers who then causing the market to advance
since then bears have had the advantage Their
attacks this morning especially directed against
Michigan Southern Rock Island, and New York Central
and successful in every instance. They have
facts to upon Their arguments in favor Of de-
cline still based the falling of in the earnings OF the
roads, II is true that this falling Off foreseeu and has
been discounted in the decline which has taken place In
the market value Of the stocks-Mchgan Southern qua
ranteed for Instance, having fallen eighteen per with
in the last three or four months. But the bears
Lot Satisfied with this decline. They believe
that in the face of reviving commerce, and
with the prospect Of largely increased earn.
ings the roads this autumn, the market price Of
stocks must continue fall and they accordingly sell
Thousands Of shares Of stock for future delivery.
These operations should be matter Of coDgratua,ion
to the public. That large class Of persons who lost
money In railroads In 1857 enjoy an opportunity of
rembursDg themselves by the purchase Of cheap stocks
Very many Of the Western stocks-Galena, Michigan
Southern, Rock Island, Michigan Central, &c.-are low
selling for money than they commanded during
the panic Of 1857 Then the companies embarrassed
by heavy debts which they carrying at usurious
rates only Of these has any floating debt
and that the company has ample assets In hand to pay Off
Then the prospect ahead OF unreieved gloom
stagnaon and lquidation the prospect bright aud
prom sing Then was positively uncertain how many
enter prses would live through the year 1885, the roads
we have meUtioned and Others have lived through
that year-tne worst, in all probability that the country
Will witness till another crisis instead OF in
curing frcsb debts have reduced their liabilities. I'm
der these circumstances the prices OF the
ing railway stocks are the they were
fall Of 1857 IL quite worth while OF the unortun ate
people who lost their money in the latter year consider
whether they could not at least some of IL
back again present udcous aud moderate purchaser
If the crop prospects continue good there will be lively
tmo in Wall street between this nnd July and stocks will
be eugery sought for at much higher prices than those
ruling nj present.
The stock market opened this morning with consdera
BILE stsadn the State stock bond list Mssouris
were active, usual at yesterdays quotations. all the
other State stocks In demand prices Railroad
mortgages, especially those of roads the city, were
in lively request. On reaching the share list the sellers
began TO hammer the Market and from that moment to
the close the general tendency was downward. few
stocks resisted the decline. Pacific Mail higher and
firm, two per cent being charged for GO fay sellers
option. Reading higher; Harlem pretty steady;
SO was Toledo the decline In Michigan Central small
Everything else considerably lower Panama fell off
x e per cent Michigan Southern, x per cent Gen.
trail, y; Galena NJ Rock Island, \ ri Illinois Central,
], and 80 In the afternoon stocks about tho
same, without much activity The market closed dull
The following were the last prices
Nssouris $50 X; virgnias, 99S a u; Canton, 10
4; Cumberland preferred 20 o. New York Central,
76a Il; Erie, OK X; Harlem, l2al x; Hudson River,
32X 33; Reading, SIX u; Michigan Central, 81 q;
QOut V. do rrod ~
Panama, l2l 1872 Illinois Central, 66 N Galena and
Chicago, 66x Cleveland and Toledo, o5k u Chicago
apd Rock Island, 81 III Illinois Central bonds, sslx NJ
Pacific Mail, ssH 4.
The business Of the Sub. Treasury to day was as fol-
lows
io. SioV s33 20
............. $4,000 10
ray menus. ...................... l63,9&0 48
oaiae '''.'..' ....o9oz,795 %
The exchanges at the Clearing House this morning
amounted To $24,7l3o3o 49, and the balances to
81 ,o27 ,7Os 05.
Both the money and exchange markets are dull There
is no change in the rates for call loans or paper FIX
change for the Boston closed dull at 10 for
sterling and 5l1,4 5.12,s for francs.
The receipts in March of the Central and Erie roads
were -
Central. 1927 ,s57 6l2, ..... 25l5s
Eic........,..... 4oi,4oa 3el 800 ........ oYiss
The following shows the business Of the Read
ing Railroad during the month Of March
1885, 1859
Received from COAL. .$115,'66 70 109972 Of
&c merchandise. 2o,67s % 4797s IS
travel, &C.,. 23,256 81 30,557 10
Total .sles, iO2 20 1888 COS 81
Transportation, roadway, dump
age, renewal fund and all
chhIBes '.'..s.............. So,sZ' w 1880 80
Net profits for the month.... s69,274 81 1857 %
previous hrce months ITO, 228 IL 2l6 1872 05
Total net profits -four months. $685., 500 81 1853 81
The statements Of the Philadelphia banks for the past
two weeks compare follows
AwalI: Aprals.
Capital. ..........SlI 502.875 1l,693,lI5 mo $40
Ioans.......... 27,ss46os 2siOS,lo6 Inc 223 ,5sS
Specie NJ e,iA2oS 64o4s76 Inc .2eo,170
Due Due o aS Ss sh ssp aas
Deposits .......... II, O029 78 17829494 Inc sls5I6
Circulation 8,5S0,447 3,36453l Dec .2l5,9i6
The quarterly statement Of the RESOURCES and liabilities
Of the banks of the city of New York on tho morning Of
March ~, 1852 compared with the statement Of March 49,
1868, is as follows
Lia1tEties March IS. Ma,ch H.
Capital s67 osS, 695 os,32tes7 Inc. 81, 200 9s2
Net profs...... 6626,S79 627s9s2 Doc 3t7oI7
Circulation. e,5sa,7oo 79ss2ss Inc. 1,aIisis
Due banks..... 23,7eo,64e 2725 800 Iuc s,49i 1888
Due all others. aso,47s 4sa,,727 Inc. 4S2I
Resources.
Loans .1o5, col 1913 974 632 Inc 507 13l
stocks 8,683,4C6 12020,324 Inc 333s 7Is
DDS. n mortgages 379,409 523871 Inc '14i ds2 |
Real estate. 49,. 5,675,847 5878l7Q Inc aon s3o |
Due from banks 3,723 204 $685. 8s7 Inc I 40 1e3 |
Cash tins bkns 15,79s,l3s 1891 500 Inc 27o3 4ss
Spece...... 33,l04,257 26c6sl64 Dec. so3s i0s
Overdrafts...... 12i, $50 5so7s Dec. S'ayS
The State Department at Washington issues the follow.
Ing notice.
Information has been received at this department from
Charles Helm, Esq the Unitcd States Consul General
a. Havsna that "the Captain General Of Cuba bas ias
try and has been reduced to six per cent when INTRO
duced In Spanish bottoms, and to eight per cent when