The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-17
FINANCIAL AND COMMERCIAL.
s.rrRpAY. Anvil le-aP.n


FINANCIAL AND COMMERCIAL.
.s~>.~~~~s~~~~-~~~~-~~o-a
ssrvRpAr. April 1852. n.
Tue STOCK market was struck with panic to-day aud
every the ist with the exception Of Psburg
ana Fort Wayne Railroad and Cumberland Coal declined
from ,wo TO ten per cent Compared with the highest
cash sales al the nrst meeting Of the Brokers' Board
Friday, New YORK Central declined %, Erie 81. Erie
preferred IN, Hudson River o. which q falling of
iox per cent since last Monday Harlem very nearly
held fast Reading Railroad wen, down g. Milwaukee and
Prairie du CHEN 8, Michigan Central 4. Michigan
southern s, Illinois Central o, Cleveland and
Prttsburg tx, Galena and Chicago a. Cleveland and To
edo -, Chicago and Rock Island 1917 Alton and Terrs
Hsute .. Chicago ana Northwestern 4, Pacific Mail 81,
Canton Company "a, and Quicksilver Mining ~.
The panic subsidized little in the afternoon, and some
OF the shares improved fraction on the sales Of the
morning. but the Majority submitted TO stu further
decline. New York Central closed at 1S1, Erie MS.
Erie preferred no Hudson River I Reading l4s, Michi-
gan southern 1924. Harlem Ia2, Cleveland and Toledo
TAT Michigan Central las. Illinois Central i4s4 cieve
land ana Pttsbnrg 1905 and Gaeus and Chicago 132.
The gold market quiet to day, the attention
OF spectators having been attracted by the panic
In stocks Tho premium ranged between II and 73%
The letter OF Secretary Chase, which read IN tho
states Senate Friday, in which he
OF the currency and gradual withdrawal OF
the interest bearing Treasury notes. had the effect of
Tightening the money market little oday and forcing
gres. many to oner their stocks for cash.
The following was the business q, the Sub Treasury
60 day 1877
Total receipts $3522 82l OF
.--f"t 90 stoms., lol3Oon 90
rsymehts.. ....-.'''........... $3.50. $50 ols as
Balance, IS 400 316 Is
THE Subscriptions today 10 the ten-forty the
subTressury amounted to SLOTS $50. which the
Back I'd = 900
The steamer City OF London for Liverpool took ont
to-day 1881 e7s in specie, and the reu,o1,o, for Ham
burg had board Sis TOO
The total value Of import. other than dry goods AZ ths
port during the week ending April Ia was s2.4T72i3.
The ues tax bin contains the following teu which is
important 10 brokers', street operators and gold room
Eaoh sale OF gold ard silver buiou ssrling evehan ge
MON r.,rsn MONEY re@y sio n o,ses ana
be aty cents exceeding $40 600 tor every adj
iiona 1000 fractional part thereof Eve
provided that any person afm or conaoy, not heiog
licensed broker nh0 shat! aci olr sell any
gold and silver bullion, startling exchange rcnrrent
money promissory notes stocks. bonds aher seeuri
tics shs ne liable In addition 10 all other penalties
vided n such csses. 10 frty per in addition To
the foregoing duties and rates Of duty
The F'in Park Of this city has declared annual
dividend ot Ava cent, free from government tax
The CENTRAL Railroad n New Jersey win pay l5,h inst
quarterly dividend Of 2is per cent. free OF tax The
last year
The Supreme Court OF Massachusetts has decided that
corporation ia not taxable rar s personal property ex
cspt tbs machinery Of manufacturing corporation b.
special provision The tax real property ny sn
assessment apon the stockholders the vauc Of their
shares
The earnings OF the Hudson River Railroad In March
OF the y-srs 1885 aud 1864, respectively ~ FOL
-
AHOo' 'ooe 5ooo-o %
Decrease OBSERVATION-DISCLOSURES. sio,7a %
The esraines OF the Pill burg, Fort Wayne and i-,go
Railroad during the mont, of March thTs compared
with the rccsir's for the same time has, gear
Earrinas in March 1864. $500 aas
Earnings 20 March, 1858. ................ 80 9di |
Increase ........,...... ............ $40 $50 |
These earnings represented being the .,ses in
tas history Of the company, aud exclusive
Sac 900 or the transportation Of cols The receipts
since the Is Of January amour. 10 81 sac .an n,sa
IN OF the earnings during the same eriad
Ia 1861
singular decision was made 10 the District cour, OF
Phiade,tha by Judge Hare who delivered the OPINION
or majority of tho ur; saturday last, The case is
thus reported
/, involved the question OF tender Of rni,ei states
notes Ia fnsot Of ground rent the
deed beng lawful silver money o. the United states,
each dclst weighing seventeen penny ye.rhls ana six
grans hen the hal yearly ground rent beci,ne due
Me paytneat rendered United States notes his
pas ie'usea ard suit was brought against the ATTY.
Inc de cndnnt pleaded this tender, VII ch the sLtl
biied that The deed required silver dollars. The de
fudaas 10 iais filed seciai demurrer se,,ne that
lie no.e~ rendered legal money tho sni,sf to-
I'D legal tendef IA ;neni ~ sil debts lie
iecldes ihis 10 be good aayneu therefore 90
Judgment for The defendant
Tue expectations or specie from San Francisco from
January 1 90 March o. amounted .G-c 2I
Corresponding iercd ast year III 1874 ,Gs2
Exe~ss thls Observation-Disclosures. ~ s5,2is s6-