The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-28
FINANCIAL AND COMMERCE.
WEDNESDAY. April 2

WEDNESDAY, April 27-6 M
The steamer Europa sailed to day Tor Europe, with
,4A in specie on freight Exchange closed
steady, bankers asking ITO l1o for sterling and $40
5.11X for francs. Money is without change. Some OF
the banks say that they much paper they want
but none very few of Them refuse lend on call at
s per cent
By the arrival Of the Crcassian Of st. Johns ~ F. we
have London advices to the 10th. The war news was
said 70 be menacng but the funds unchanged and
the French talk Of being likely to break oat 10
month six weeks hardly confirms the general expec
taon Of believers in who prepared to hear
Of actual hostlities by this opportunity. We note
again that breadstufs were firm, and that wheat
was tending upwards. Should this be occasioned
by any unfavorabe crop prospects abroad, a
marked impetus would be impaired 10
market The cotton market had been unfavoraby affected
by the from the Continent but trade at Manches
ter, which has been depressed OF late, looking
better
There s nothing very new in our stock market. The
moot active stock of the day continues be New York
Central opened this morning at r. sold down 7l
and closed in the afternoon at 7lX Fresh reductions
fares have been made by the Southern roads Erie stock
sold to day att begins to be surmised that the
President ia not averse TO bringing matters crisis by
forcing foreclosure Of the road Whether he would by
this help the holders Of the fourth mortgage which
he negotiated careful perusa of the act Of 1853 will
enable the anxious to determine. Whatever his motive
may be, however, certain II is that the policy he pur-
suingwhch appears 10 be dictated by pure spite against
the Centralw in all probability prevent the Erie
ing this year that small proportion Of her interest
which she has hitherto paid. seems high time
for the stock and bond holders in this un
fortunate concern to inquire how long their
officers are to persevere in policy which result
nothing but ruin. There ia better demand 10 day for
several Of the Western stecs Rock Island continues TO
be taken out Of the market through the commission
kers opened to-day at SO, reacted 70 5s, and closed
at 59h The Michigan shares are steady Southern is
neglected, save by few bears who sell few hundred
shares every day without regard either TO the future
the past Michigan Central also sharply attacked
day, but the price was not materially affected Gaena
was severely hammered IL closed in the afternoon at
64%, decline Of Il from yesterdays closing price. To-
ledo is steady Panama is steady at the advance
the dispute between Vanderbilt and the Pacific Mail Com
pany has largely increased the California travel which
GAUGES corresponding increase In the receipts df
the road. Coal stocks steady there Is every
prospect of good business this year. Bank stocks
arc very firm. The demand for State stocks and
good bonds continues LIBERAL In the afternoon stocks
were a shade lower, and the market was weak
Pacific Mail declined one per cont We understand
that Saturday has been fixed az the day on which
the pending controversy with Commodore Vanderbilt
must be settled one way or the other The following
were the closing prices Of the day;Missouris, s7.aX
virginas, 9s u; Canton, I9% a u; Cumberland pre-
ferred, 2oK 81; New York Central, 7lXa72 Erie Ia
u; Harlem, ll& IL; Hudson River 81 n III Reading,
5lh NJ Michigan Central, SIX Vi Michigan Southern,
ll% AZ; do. preferred, 34A n; Panama, 1924 1913;
Illinois Central 6bX VI Gaena and Chicago, 64% 65;
Cleveland and Toledo, 2S Is Chicago and Rock Island
esHs y; Illinois Central bonds, ssL x; Pacific Mail
Company, s7Xa,s.
The business Of the Sub Treasury to-day was as fol-
lows
'","' S239,3I W
.uo.s. ;i''''' ss's'.....,'........ llaOOO w
lID,IU w
.6,77S,9Sl 80
The exchanges at the Bank Clearing House this morning
were s23 1889 81, and tho balances 81 1856 3o2 co.
The annual meeting Of the Harlem stockholders will DO
held on the l7b tho books will close the 10TH and re-
open on the 18th.
Mcssrs William I Coleman h Go. received by the