The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-14
COMMERCIAL AND FINANCIAL
WEDNESDAY. April 1876 P. II.

WEDNESDAY, April 1852. n
The steamship Persia sailed to day for Liverpool, with
81 209 s2e specie freight This will exhaust the specie
shipments for few days. Exchange closed very firm at
1927 ITO for bankers sterling bills and SIX 12k
for francs. Money fair demand but tho rates
not be quoted higher than last figures
There was at the Stock Exchange this morning, the
usual effort made by The bears to beat down the market;
it with the Prices recedsd at first;
then after pretty heavy sales the concession stocks raj
lied above the highest rates of the morning. The most
spirited contest continues to be waged Pacific Mail.
The bears who sold tho stock short at u.s. and had the
pleasure Of buying IL 10 at &c. Offering sellers Contracts
fully two per cent below the cost price, IL the company
should Settle with Vanderbilt "a thing quito possible, IL
not very probability they will have the fresh satisfaction of
buying, in the neighborhood of par, the stock they
now contracting 10 deliver at 49, 1t opened this
morning at S5H, sold down to 49, sellers 90, IN de
mand after the Board at SO, and finally closed at s7si
New York Central is likewise active Advices from Alba
ny report avoraby both OF the business Of tho road and
of the profits earned II is understood that there Is
prospect of any difficulty between the Erie and Cen
trail The directions of both roads prepared to
rate far possible for their mutual benefit and for the
advantage Of New York The only existing rivalry Of any
conso quence between the New York Central and the
Pennsylvania Central for freight 1t is not likely that this
will last long The New York Central, rightly wrongly
has earned position eight cent dividend paying
stock and whether earned whether it borrowed the
money 70 pay s last dividends there be question
but that rld them and that has the credit borrow
two three more II it should need 10 do The Penn
sylvana Central is comparaveyas n competitor of the
New York Central-a enterprise. II has or ought 10
have fair local business and cannot help doog
amount OF through business which under circumstances
would come orr New York roads Il The enterprise
has been planned on sound principles this busr should
suffice TO render the Pennsylvania Central paying pro
perry But the managers of that propose carry
freight at loss, in decisive hope Of breaking com
pettors who in the field and learnt their business
before the Pennsylvania Central dreamt Of their
stockholders will have poor look for dividends. Mr.
Thomson and his friends should remember
is after all only experiment yet; to say least
before they undertake do all the eighng business of
the wes they should lay fresh rails on their road so
that travellers who IL shall not term IL cne
remove from corduroy" Central opsned this morning
weak at 1851 advanced TO 7sX and closed the after
at II. The Western stocks we're quister today,
without material change of Price. Michigan Southern 10
freely sold by the bears the strength Of the un
favorable traffic return for the first week in April
They are evidently forgstful Of the fact that
though the gross enrniugs OF March showed
decrease OF s1s 900 compared with March, 1858 tn,
net earnings of that month showed an increase over
force from $500 10 900 men, the reduction tells on ex
pense The guaranteed opened to-day at co. soi
down to 3oM, rallied TO 20, closing Mt 39,s Michigan
Central is quiet at yesterdays advance There Is con-
Siderable activity In the Goa, stocks. Delaware and Hud
son, and Pennsylvania Coal both better Readiug IL
steady at fraction over SO This pro misses to be good
year for The coal business Sato End bonds were
steady to-day at previous prices. Tho market was dull
after the second board, tho closing prices being as fo
icws-Missouris, sSx u; Vhginas ss X; Canton,
l9K q 2o Cumberland preferred, ~ 22l4; New York
Central. 7e;s n; Erie, 9X "a Harlem, 12X Is;
HUDSON River, IN x; Reading, h0N a x; Mcbigaa
Central, 52haT; Michigan Southern la 1917; d. pre-
ferred, 3a1<a n; Panama, l2aK ~; Illinois Central,
esXa Galena and Chicago, e7,s ts; Cleveland and
ro"eo, sex Y; Chicago aod Rock Island. 5e7s 81;
Illinois Central bouds, eS sSx, Pacific Mail, SIX asS
The business OF tie Sub treasury 10 day was as iol
Icwe>--
'osl reue'pa. sl.4,7eo %
For cueVoms .,............... ....... 1a2 000 90
TUaI payuenS.. OBSERVATION-DISCLOSURES. S1rI4 20
oan1e ,c52 1858 %
The exchanges at tho Clearing House this morning werc
81, ,6Is So, AID The balances Ss5s ss7 a.
Tho following dividends have been declared Thu Full,
ton Fire Insurance Company annual iy dend Of tan
per cent payable Oh Demand the Gsrd Fire aud Marine
insurance Company, Of Philadelphia dividend ., four
per cent for the last Six months the Grafton and worc
ter Co. Bark, Blackstone, Mass, each three per cant for
six months; The B'ystsn frsurauoe Company sem,
annual dividend Of fifteen per cent aud the City Fire Iusu
rance Company four per cont, both of Boston
The following comparative statement OF Inc exports
(cxcusive Of specej from New York foreign ports for
the week end since Jan. L.
1851 1853. 1852
Total for the week.. sl,iSS3c8 1,l1,e4s 1889 OSo
Previously reported l8,e56Aia l5ooo0p9 l. s5oej8
Since Jan $50 so7al lssgs ,9ls ls5o4 oSs
The negotiation Of railway oru in these days is about
the last thing one expects TO hear or We understand
however, tu The Msss 10 Ccrpct have iust concluded