New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-22
FRIDAY. July 2I-P. VI.


There was a moderate business at the Stock Board this
morning. with generally steady feeling; but at the Sec
ond Board the market very heavy and nearly all the
faDcies sympatbzed with Reading. The fall in this stock
was the only marked feature Of the day In the street it
touched co. decline of y cent from yesterday, bat
afterward recovered 63l closing at 60. The street
full Of in regard 10 large issues Of stock for the
purpose Of paying portion of the floating debt, over
Issues &c. but many telegraph dispatches from Phadel-
phia were received in answer the inquiries, stating
everything right with the Company. letter from
very high in Philadelphia states that full exam
nation of the Affairs of the Company shows everything TO
be perfectly The only for the fall appears
to be the official of the passing of the dvi
dend This we stated several days ago would be the
action Of the Board. The Ledger says in regard oit
"The Reading Railroad Company have decided to post
rome their nannua dividend The are briefly
and simply these: The Company made preparations for
very large increase of business this by the Authority
of the stockholders who also authorized the managers 10
issue stock bonds in such manner as was deemed best
10 nav for the new wharves locomotives cars &C. which
the wants of the public required. With business 50
eeedngly large that which the Company are now ana
have been doing the managers have deemed peter 10
DELAY the negotiation of securities till better prices can be
obtained them than those which have been current for
many months past They also deemed il better to apprO-
pirate the present very large receipts the rapid extnc
ton of the floating debt incurred for these necessary i'm
provemons rather than to pay the present high rates OF
interest and to make diydNds. The business of the Com
al mucn better prices, IL
be correspondingly more profitable than ever before
The valuable property thus acquired will undoubtedly be
represented long by the stock bonds of the Com
pany, and the stockholders will, hereafter II Is believed
by the managers get their profits in the way that may be
deemed best for their permanent interests
We understand the policy of passing the dividend re-
ceived the full approval of the large English interest N
the stock This heavy fuctuation in Reading had an I'M
favorable influence upon tho whole Stock market at the
Second Board. Nicaragua, however firm, and a
leading buyer took 100 shares at 2Ol The principal
buyers of yesterday did not operate with vgor to-day
There rather stronger feeling in Railroad Bonds,
ceptng Central which fell off TO 80, but recovered 20 g.
Erie Convertibes improved y cent and 1885 cent.
Illinois Central improved to 70l small sale OF State De-
| 1855, was made at lO2.
The Bankers buying sterling freely a; s!a9i y
cent and the supply is not large The Bankers rates at
very light. Continental bills are very dull. Franc.
5.l5Q5l2I.
In Freghis there much doing and rates are heavy
To Liverpool GoOO bush. Wheat, 3lc, ships bags 5000
bbs. Flour l2alsd the former in British ship COG
bbls Lard Isl 200 bales Cotton lS7-32d. To London
500 bbls. 1urpentDe ~. To Glasgow 5000 bush
Wheat, private terms, and some Desdweight co.. IL
Rotterdam 500 bbs Spirits &C.. 200 un.. Measurement
SOL; as hhds Tobacco IS 50 bales Cotton &C.; 100 bbs
Resin 81
The receipts a, the Treasury si3i,4lo; paid
ss9,s77; balance $685. l7.
The Dry Goods Import of the week, although large
shows a decrease the week Of last week. II,
/