The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-03-25
FINANCIAL AND coMMERc GAL.

| THURSDAY March X-5P ii.
The reganed their control Of Stock Exchange
to day. The slight advance Of the past days was not
sufficient TO attract outside buyers and at the first symp
tom Of check the bears hammered the marke. down. 1t
is quite possible that for days to come they may
continue be successful Three to four weeks must
eapse before anything definite can be predicted Of the
CROP and should the prospect be good it may be
June before the earnings of the roads show marked
increase. At what particular time the consequences Of
good crop will begin be anticipated and discounted by
the street spectators is Of course impossible to say
the bear clique evidently expect nothing Of the kind at
present Owners Of stocks will however do well to wait
the month April out before they SELL 1.-THE West
going to have poor crop, many Of the roads will pro
baby pass Of the hands present holders bu: he
crop should be fair average II s likely, considering
the economical plan which the Western roads
being worked that the first reliable advces of its
probable win lead TO speculation enough cause
considerable rise in prices. Hitherto every spring has
witnessed strong upward in stocks; it is too
yet to conclude tina, this spring be exception
10 the rule
United States and State stocks were higher today.
Mssouris touched s64, and the government ves were
done lO4 The La Crosse land grands recovered
90 We presume that this security will eventually
justify the expeditions Of the parties who bought ut
much higher rates; the bonds appear be amply
cured. Railway bonds generally were firm. New York
Central opened higher but fell Off and was active a.
decline of u II per cent. We understand that the
Erie and Central likely TO some mutual under
standing with regard to trains and fares if they should
confne the compact to few plain points, might, per-
haps, be maintained The Western stocks generally
active, at decline Of 4 a. The Gaena and Rock
Island viii probably both show slight falling of this
month The Michigan roads will do about as well this year
as thern hans CHI aipu
but at present the state Of tho country roads operates
against al the lines. silly story about the Southern
directors having agreed upon ten per cent dividend
August has found its way into Of the papers The
facts that when the subject of the dividend the
guaranteed was taken up at the meeting in December
last, was considered that to propose to pay dv
cends, while the earnings Of the road continued to de-
cline impolitc. The whole subject was, therefore
referred 70 committee, which committee has not yet re
ported Spectators need not apprehend any mine being
sprung upon them as yet in the shape Of dividend the
guaranteed. The time will when dividend-n0t
Of ten cent but Of the whole due the qua
rap,eed, at ten per cent per annum since its creation
must be declared in shape or other but this will
not happen, in all probability, until Of the parties
who have the power to declare the dividend have taken
due of themselves Reading steady at yester
days prices. The coal stocks firm.
In the afternoon the market was dull and stocks were
lower. The closing prices were-Nssours, Sc S81S.
Canton, l924 90 Cumberland, 1914 231s Pacific Mail,
77ys IS; New York Central, 1884 1917; Erie, 1O,s
1o&; Hudson, Sla 80; Harlem, IL 1914; Reading,
4e1S 4s}d; Michigan Central, 5lA 5l3a Michigan
Southern, 1871 1891 d. guaranteed, 442s As; Pana-
ma, 1171l u.s. Illinois Central 81 OK Gaena, 67S
eS; Toledo, 24zs %; Rock Island 577S S. Miwau-
kie and Mississippi, 7sia
Inc business Of the sub-Treasury today was as fol