The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-06

the feature OF the stock market continues to be
inactivity. The commission brokers complain of
want of business; there ID evidently but little
speculation going on. Within the past day or two,
however, there has been better demand for State
stocks, especially Tennessees and Louisianas, which
are being bought up in small parcels for Southern
holders. Missouris would be more freely taken but
for the apprehensions which are felt lest fresh
issues should be authorized by the Legislature, or
fresh supply come on our market in consequence
OF the failure of Western banks First class bonds
such as the first and second mortgages of the Hud-
sen River, Harlem and Erie, and the Central bonds,
are also steadily in demand; the price rather tends
upward than downward. In other stock securities
the public, thus far, take but little interest
The railroad earnings on the Western roads con-
tinue, however. to improve, week by week. The
Improvement on the Rock Island for the month is
about 20 per cent; on the Hudson River, over 10
per cent; on the Illinois Central about 40 per cent;
on the Toledo, % per cent The Galena, which
fell off in December and the early part Of January,
has again begun to improve, and will probably do
good business in wheat this spring. The Mich.
gan roads are doing an improving business, con-
siderably larger than last year. Nothing fur
Their is known with regard to any projects
Of tho Grand Trunk upon either Of these reads.
We understand that the Michigan Central
has recovered q sum of SIPS 600 from the Illinois
Central which will enable the former road to pay
the discount on the bonds to be sold this year in
redemption of those which fall due. The sum of
$500 set apart for this purpose will thus become
available for dividends. Nothing is known Of the
Central and Erie earnings for January; the Central
earnings for December have not yet been publish.
ed; both roads, however, are believed to be doing
better than last year.
The action of the Legislature with regard to the
tolling and pro rata bills checks any advance in
Central, and operates as damper on the whole
market. The tenor of the speeches Of members of
the Legislature, and the avowed purpose of the
leaders, are calculated to impair public confidence
in all properties which are in any way liable to le
gislative Interference; and though there is very
little prospect that the bills now before the House.
which are aimed at the prosperity of the city of
New York, can actually become laws, the mere
fact Of their introduction and favorable considera-
lion by the Legislature is calculated to produce an
injurious effect upon all our securities.
The traffic returns of the Grand Trunk Railway Of
Canada have special interest at this time. An.
Aexed are the receipts for the week ending
January IA
PASSENGERS; 90
rarcen, mails, &C., &C.. ACKNOWLEDGEMENTS. 1892 10
Total. ACKNOWLEDGEMENTS $50 1884 rs
Corresponding week last year. 32,sSo IL
Increase. ,4S4 %
The earnings Of the Grand Trunk Railway Of Co
NADIA for 1858 and 1859 compare As follows:- a
Total traffic for the year 1852. 100 SSs %
Into lsruA rf 0~S kn
Increase, 1882. $lSo7oe IS
In the reorganization of the Pittsburg, Fort
Wayne and Chicago Railroad Company the follow.
ing named gentlemen superintendent, J. Edgar
Thompson; President pro TEN. and General Superh-