The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-02
FINANCIAL AND CONNER cIAL.


The stock market opened and closed pretty hat to-day
In Erie Railroad considerable business was transacted
At the opening advance realized but prices closed
at decline those current yesterday. A. the first
Board Illinois Central Bonds advanced per ceat; New
York Central Bonds, i Indiana Construction Railroad
III Illinois Ten per Cent Stock 1. Jersey CITY Loan de-
clined u par cent; Nicaragua Transit, v; New York
Central Railroad y with the exception Of Erie, the
leading fanciss quite da mo operation. Il the
Board principally for ca< AZ ths ssesad Beard
better prices realized. p~ra~ss Cola nseasss con
psny advanced u per cent; c~@h~shna co>a " ssss
Railroad X Reading ssA osvsA~As ana futuas Rslrssas
fell of fraction. Ths recent tss 80 - ~~-
ket value Of the Erie RsllrssS NA@sssaea
to b ominous Of sc~< ssas~s wsh a.
Ne have long sn,ieipsfeS-s r~A~ss ~-ana
in this opinion spsssssrs ss~ Aw So
perfectly confirmed fhroagh c~s'ss@ lae~ss< xsssn ~
those Who have hsrssofcre been iniasissy s.aess>a
with the nAnagsnspt q ths Gsssi aass ~ sompany
The accsptAncss Of the Erie Company aas~f ~
negotiated; they neither b. soA hypcsh.e.ted
and much the credit Of the seck rcdacsd
that posssssss 1t present other mArksAbls value
than that which Il receives through the gambling
tracts Of spsculators the iobbng Of brok
This 10 most certainly cool prospect for the stock
hoders and for all but holders Of the nrst and second
mortgage bends The holders Of the convertible and In
bonds and Of the acesptanoss. will realize
what ws have frequently predctsd-a fatality which
they could foresee, pause sufficiently long to
permit themselves to imagine possible.
After the adjournment Of the bard the following sales
were made at auction BY simeon Draper
Sl0o 900 Harlem Railroad LIST mortgage hot added 8
10 shares Commonwealth Fire INSURANCE o........S6H
So d. ROME and Wsteitown Railroad.
The suspension of the firm Of Gilbert, Coe 4 johnson
was announced TO- d3y Rumors have been current for
anna houaA seriOu aaAd
but 1t hoped they might work out of their difficulties
They had too load to carry and broke them down.
The great depreciation in the railroad securities which
composed the assets of this concern and the imposs
y Of making them available the direct Of this
failure. The house has been connected with Of the
largest railroad enterprises Of the day and it has been
compelled to carry large amounts Of bonds and stocks
which, at present, Of more value than much
brown paper The senior partner Of the house has been
for time in England purchasing railroad iron and
negotiating the sale of railroad bondB This Of the
most important failures that has occurred here this
SON. and it will to destroy the little remaining
adence in railroad securities. Many works partially
sruced must be much embarrassed by the arrangement
in their financial affairs caused by the stoppage of this
house. and serious losses to all engaged must be the
suit.
The steamship st. Louis from this port for HAvre to-
day. carried out S3S IL in specie being $3.50 IL
more than that reported on Saturday Last
The Manhattan Company have declared > semi-annual
dividend Of four per cent and extra dividend Of the
same amount the Bank Of the Republic semi annual
dividend Of i've per cent the City Fire Insurance Com
pany eleven dollars per SHARE the New York Life In
and Trust Company Ave per cent; the Kenne.
bee Company Of Augusta, Maine, dividend Of i've dol
lars per share. M
The receipts at the Office Of the Assistant Treasurer of
this port today amounted to $780, i6 %; payments
81, o02 el-balance, $5,3l9, las SO.
The receivers Of the Cochitu2te Bank Of Boston have
declared dividend Of ffty per cent payable tbs I'D
Of August The receivers have realized In 3168 0o0
The good debts are put down at $l3l 900, and the
doubtful debts At $500 oo0 To pay OF al the claims
except the stock there must be realized 500 from
the doubtful debts. N4
The value of merchandise imported into this district
during the month of july in each Of the past two years.
was as annexed
CoMkzRcE THE PoRr OF New YoRK-vALUE OF IMPORTS
Duidbie Free
Goods Go d.. Specie. Total
1885, July SD, 643 81 07 500 B9v asa ST.
1854, July. l4,25s,7s7 l,sl2,9H 19s,oss l62e4,777