The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-16
FINANCIAL AND CONNER GAL.
THURSDAY, MAY l5-6 Pm.

THURSDAY, May l5-6 P. NJ.
The banks hold over 1920. 600 900 of deposits,
and are very busy trying to lend money at three
and four per cent The amount offered to the
leading stock houses at these rates far exceeds
their wants.
Exchange on Europe j. very dull; bankers ask
1888 ia. Gold is better--l0sA. The shorts
are good deal embarrassed about their deliveries
Stocks were moderately active to-day, and
prices were generally fraction higher. Govern
ments were steady and in fair demand. State
stocks were better North Carolinas rose Il and
Tcunessees "a. Among the railroad shares, the
most active, and apparently the most popular with
outsiders, are Erie Toledo, Hudson. Galena Rock
Island Illinois Central &C., all of which advanced
IA Il per cent to-day. The Michigan shares are
less active; guaranteed. however, rose lL per
cent this afternoon. Central fuctuates in the
neighborhood of 50. At its present price the in
terest account of buyers contract SO heavy that
the public prefer lighter stocks at lower prices.
such as Erie Toledo and Hudson. The last named
stock looked very strong this evening. During the
months Of March and April the Hudson River Rail-
road earned sSOe 900 more than in the correspond.
ing months Of last year. The stock sold at 60 when
the business Of the road was not as large as it is
pect in few days to be able to publish some fur
Their figures about the Toledo, which. as we under
stand. will go to prove that it has permanently
sumed its place among dividend paying securities,
and that semi-annuai dividend OF 3 per cent will
hereafter be punctually declared and pad--unless
the general.business of the country should become
much less than it is. Illinois Central was
in active demand this afternoon, appa-
nrtt, =,
of the Mississippi to trade. At the close the
market was steady. the following being the last
quotations: United States 6's, registered, 1881,
l04ss l04a4; do. Gs, coupon, 1881, l04s4 l0454;
do. SIS 1874. 95 95i4; Indiana S. SO S. Tennes-
see6 's. 5Sss 5llS; Virginia 6's. So North Ca
rona 6's. 70 "a; Missouri Gs. 5214 522s: Pacific
Mail. 1857 40. ex div; New York Central.
ss2s a s91l; Erie. 39i. 39Ss do. preferred,
66S4 a 66I; Hudson River, 43i4 A; Harlem,
IA IA; do. preferred, IS SO; Reading. 4S11a
a AZ; Michigan Central. 60s4 a 6l Michigan
Southern and Northern Indiana. Is a IS do.
guaranteed, 52lt 52l4 Panama. l29 1870
Illinois Central 62ss 6211ls; Galena and Chicago,
Y 72l4 Cleveland and Toledo. 46I a IL;
Chicago and Rock Island, 653a q; Chicago Bur
lington and Quincy. 69ll a 20; Milwaukee and
Prairie du Chen. 29H 30; Illinois Central bonds
rs, 92ss s21laa; gold. 1895 a l0314. After the
board the market was shade better in the street
The conversion Of legal tender currency into
$50 six per cents has been checked by the search
ty of currency. 1t viii be more plentiful in
few days. The old green backs, which are ex
tremely scarce, scattered throughout the
country. They are worth u q premium. The
business Of the Sub-TreasurY to-day was as fol-
lows
kfssipts~ ...........,.......... ss5s oss 10 l
-for customs. 223, COO 90
PaymontS. ll!2O04 81
Balance. LOT y
Arrangements have been made for the immedi-
ate extension of the Chicago aud Northwestern
road from App!etown to Green Bay, distance OF
twenty-five miles. The road will be open to that
point in August next. This will open an important
lake port for the rich wheat country drained by
the Northwestern road and make it the shortest and
best route to Lake Superior. The certainty Of o
large addition to the business of the entire line as
soon as the rails reach Green Bay, has of late
caused brisk demand for all classes Of the bonds
of the Chicago and Northwestern road and the
managers confidently believe that the first mort
cages will be placed upon permanent interest |
paying basis By the completion OF the enterprise.
We have obtained lrom director Of the Pacific
Mail Company a few of the figures which were laid
before the meeting on Tuesday, and on which the
5 per cent dividend was declared The total net |
earnings ofthe company for the three months end
ing May 1 were. $3.50 29z say l. per cont
Deduct dividend. 200 900 or s per cent.
Added ta surplus $3.50 2ss or 8 per cent.
But besides this the government owes the COM
pany SEQ 500 for the charter OF the Baltic and
Atlantic up to LIST May This money is to be paid
without delay, and the company's cash surplus
will thus be increased, during the quarter ending
May /. by no less a sum than $3.50, 292-nearly IA
per cent on the capital stock. 1t was upon the
strength Of these figures that some Of the directors
wanted an extra dividend declared.
By reference to an advertisement in another
column, it will be seen that Messrs. G. A. Meigs &
Son are paying the highest rates for California
State coupons.
The New York and New Haven Railroad Com
pany have declared q semi-annual dividend of
three dollars per share, payable on the goth inst;
the Mercantile Marine Insurance Company, Of
Boston, semi-annual dividend Of six per cent,
payable on demand.
stock Exchange.
THURSDAY, May Is, 1852.
$4,000 US 6s, 81 cou 1917 10 shs Nor Elk Bank. 90
800 Uses siUrwly 104 % Amer FIX Bank. 95
Al, A0