The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-12
FINANCIAL AND COMMERCIAL.
NJ EY MAR EFT.

THURSDAY, July LAP. n.
There considerable activity at the FIRST bard
TO day in al the leading speculative stocks Cumber-
land the fsvore with buyers tho trans
actions for cash. This 10, without Doubt the most
promising stock the list. 7. has vide margin for
improvement and the probability that u WIN b
covered than any other the list OF equal
tent II was quite evident day that the public mind
had partially recovered its former tone and elAstct
The improvement In prices for fancy stocks, and the
puTehases-not only for cash but tiaae, Eeliers'
optoI--tbow confidence in The future and in the
reeurerstive energies Of the stock market generally
There is still germ of confidence left notwithstanding
the shock the present system Of credit received by
the Developments Of the past week. and trust II viii
be carefully fotered until II again gets sufficient strength
to sustain itself At the arst board to day. Canton Con
peny advanced x per cent; Nicaragua Transit NJ Cum
berisnd Coal, III Erie Railroad, IL The rise in Erie
Railroad Is matter Of SURPRISE for 1t Is pretty
generally believed that the next break down win Be In
that stock We do not anticipate expose similar to
Mat in the New Haven but believe the to be
rotten and branch, and that explosion cannot
be far off, Any improvement in the market value Of
the cannot therefore be otherwise than tempo
rary. There may be yet few more mutations in the
stock the bulls and may have few contests
in the game this fancy before closed but when
the sustaining pow Ia tai away will come down With
crash that will annihates greater per cent Of the pro-
sent value Of the stock than New Haven or Harlem
has experienced Holders Of the stock do not appear
10 be of the position Of the companys affairs and
as general thing have more apprehA nsion OF any
thing occurring to deprecae its market value than the
holders OF New Haven Raes stock had the day before
the grand denouement. New York Central Railroad
stock pgers along the neiehborhood of par and
p. ars to be difficult to it much either way The
board Of mana cement have determined upon dividend
Of Ter cent and whatever may be wanting In the
net income meet III dividend will, OF course be
n ade MP with fun ds from other source. The con-
rrucoD account of these large never will be
elo and Il Is therefore easy enou~h so long they
borrow money TO make up any dec eDey In the net
revenue earnings. Reading Railroad rules very o~.
The company have dsue larger more profitable
business this year. and its dividends VIM be at least
the hsreoft leaving Of course, greater sur
plus Not withs ending this, the market value Of the
stock Is lower than have known for many months
and II appears to that It s unwarrantaby deprecated
II So It Is good purchase at present prices.
After the adjournment Of the board the following sales
of stocks we're made at auction by Simeon Draper
20 shares Washington Fire Insurance Co........ 90
20 do Ccmmonw ealth Fire Insurance CO....... 81
so do. Third Avenue Railroad Co. ............ 40h
so do. North River Mining and Quarrying Co...
~ do. Little Miami Railroad Co............... 10
The above ON the usual 1erms-ten per cent to day,
the inder The following sofa, paya
bic Ave per cent to day the remainder with interest at
six FER Per annnm delivery Of stock, LIST Of
August
200 shares PenDsy lvapia Coal Co. ............ 90
The millions in gold due Santa Anna, for slice Of
desert in Northern Mexico paid to-day by Assistant
Treasurer Cisco to Sem Almonte the Mexican Minister
II handed TO the Bank Of America and divided
as follows:-