The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-04

cas OF sevsrsI tsorenrh ssAres at txo or trcc pee
above tie prsecnt price, La the loas run, we pre-
thai the prospects Of tho property are better tosa
they were at this time last year. Rock leland ocltbuea
to be absorbed by powerful outside party, who, ii is
understood nave made their arrangements 10 carry
their policy beyond the autumn months TIE beara are
however, oonldent " ever, and sell quite freely Ut
difference Of TX per cent for sellers options. Tho
stock opened this morning al 6i receded to 593 On
time, and closed in tie afternoon at COX. Michigan
Southern guaranteed stronger day the advance Of
the morning being equal to Il, per share It very
houy assaied by tine bears sellers options. Galsaa
was Likewise better it opened at 04 roao to esH, and
closed at 64T. Hudson River was higher to day.
Pacific Mall seems to have risen under the in
teiligenoe Of the competition Previous 70 tee su-
nouncement Of Vanderbits semi monthly line Il
was selling atS7 70 day opened at IS, and in de-
mand after the board al TO- Nothing has yet tranpred
In relation to the divdend prudence would dictate the
proprey Of keeping large reserve on hand to meet con
tngences There change In State stocks lwsy
bonds. Some Of the latter selling very cheap.
seven eight PER cent mortgage bond Of roAa which
has always paid its interest ought, under any
Stances to be worth seventy five cents the dollar We
presume that the recent default of the Erie TO psy their
interest viii induce the directors to question the wisdom
Of tho policy which reducing tho receipts OF the
noon the market dull and stocks closed st tho fol-
lowing prces-Mssouris s7H u; Virgiuia's, 97ka
x; Canton 10 ri Cumberland preferred, Ie 90 New
York Central, rs x; Erie, IS u; Harlem, liX AK;
Hudson River 80 y; Reading, so1s ~; Michigan Cen
tral, 49K y; Michigan Southern, l0,4 ri Michigan
Southern preferred, 32| u; Panama, l22z II, Hi
nols Central, 641z 65; Gaena and Chicago CAS- 05;
Cleveland and Toledo, 25 si Chicago and Rock Island,
60 u; Illinois Central bonds, SO y; Pacific Mail,
7ssH.
lows
ioasi receipts. ................... $50 oco "a
~for oustoms '............".......... IS90co %
Io,a pay rnel's 49,. Observation-Disclosures. 2S6 eo6 30
Hahce..' ...........-...... .6,45O2z5 ~
The exchanges at the Bank Clearing House this morn
ing 1928 2O4 o32 co. and the balances G79 81
ire Improvement in business is enabling the govern
mett to finance successfully than was OK
pected. We learn by telegraph from Washington that
revenue for the quarter ending LIST April $22 900,
of which co from customs, and most Of the
balance proceeds Of the loan The expenditure during the
same period was 100000 which included So 600 Oco
OF due Treasury notes paid off Mr. Cobb has not yet
found necessary avail himself the authority granted
him by the act OF 1865 TO reissue Treasury notes.
cash receipts in the Land Department Of the Illinois
Central Railroad Company during April were $50 900
Tie bonds cancelled amount to $50 500, making total
extinction Of 81 10000.
We have received another pamphlet on tho Erie
management, devoted especially to review of the ILL.,
be al ocy now pursued by the company towards its
emploses The facts have been heretofore laid before
the public We have desire to embarrass the manage
me especially since they have defauled interest
their first mortgage bonds but there be no ques
ton but the ibcral regulations lately adopted and by
which conductors and brakemen any other train than
their own are compelled to pay full fare has not tended
to encourage esprit de corps among them 1t was, we
think misaSe its effects note in the heavy cost of
running the road.