The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-19
FINANCIAL AND COMMERCIAL.
u ON n Y N A u X r. =.
WnpNKspAY. IulY IL :

WEDNESDAY, July IL It L. NJ.
There wssa slight lie. up to-day Ia some Of the
leading fsncies but the market on che Who vas
heavy. Cumberland aud Enc we're moderate 40
tive, without At rial change In prices. Al th frs.
bosrd Illinois free land bond, decloed 1 per cent;
New York Central Railroad, 1; MIC ligsn 5oathern
Railroad, 1; Cleveland and Toledo Rlilro vi, Il Chi
cago and Rex Island Railroad, 4; Iuin,'s Central
Railroad, l. Nicaragua Transit advanced per cent;
Cumberland Gal, !; Residing R,ilfosd, /. TIE
books Of the Reading X Abroad Company closed yss
terday, and viii opon on the 30;h inst-, some time
previous to which the dividend will be declared.
The movemAnta Of the managemsn t of this company
are liable TO serious misconstrucs,n. The frat six
months OF the present a seal year endsd tbs 30th
OF May last, and hero II Ia the 18th Of July, and
stockholders know nothing abou! the dividend. II
IL not n all strange, 10 the face OF this sort o.
fDan ciering-a system which has 80 long bseo pur'
sued In relation 70 the affairs Of this Company
that the sock becomes no better distributed,
AID remains In such large lots In the hands OF
speculatorA Spectators appear TO manage ths
entire concern, and holders Of sto x, VINO may
have purchased for p,rmsue ni investment, od their
interest regulsted lot 80 much by the productive
ness Of the road by the req. value OF the stock
end the position Of certain large s2ecalatorn.
Nearly sixty days have elapsed siace the expiration
Of tho six months, and NJ one seems 10 knov
whether there Sill be div lend or no.. IL matters
very little whether there Is ono OF not; b1. II IL
important thst q moro plain straightforward.
alb, ye-board system Of management in regard To
dividends h suld be pursued. Tae Reading Railroad
Compapy have q very strong prejddics to oyefc Dme
ii the public m,nd before ts stack can take thai
high stand In the market which It's prospective
,roductiyeness would justify, and nothing bat ne
N 1T honorable system OF management thtou CHOU,
car give the pub &c confidence Ia the stock az "A
investment. The Eds RI, road Company hsvs
earned 10 the 6rs, pine months o. the pre- eat fiscal
year 81 lt272l So, against 80 s3s, 23s 20 for the
corresponding pei d the previous year, showing 40
increase fer tire year sill Amoun. 70 ab Ut
1850 900, instead Of the 81 900 900 estimated
The net Increase win not, therefore vary materially
from that Il lass year, witn the interest on ~ Ad
dtIopL Indebtedness TO provide for. Eiesragus
Transit rsmsips pretty firm under the prospsc: OF
Q satisfactory adjustment OF all difficulties sith the
Pacific steamship Company. Negotiations are pro
pr~ins fsvorsby. New Yo,k Central Railroad
stock has reached iis maximum. Illinois Central
bsnds were active to-csy, while all others were
Eeglsot<d.
The steamship Americs, firm Boston for Liver
pool, TO day, carried out t795 900 In specie.
A. II. Eicolsy's regular semi weekly Anc aon sac
Of stocks and bonds VIII take plAre - m,1os.
(rbursdayJ at l2i O'Clock, ., the hsr -hAn.s
Exchange
Al The second board the msrkst vas pretty vel
msrtAiDed, bat very little bushes. vas 'san.se.ed
Reading went up per cent; SicusgaA Trans.,, D;
Illinois Central bonds fell Of per esnl
Tie steamship Csnsda, .. Halifax from Liverpool,
brings dates three days later from al parts Of Ia
rope The i.tellis does not pose tas slightest
interest. Nothing of c,nsequsn hY trans1rcd
In the political 1nsncisl Or CONNER a. world siscs
The departure Of tbs prtvi a. steamer. The markets
rsmsined preciss y A. previously reported.
The Corn Exchange Bank has declared sem
ANNA dividend Of three End hall per cent
Ia answer TO many inquiries rslssive 70 tae pubac
debt o. California. repsSrtsd BY the seven per
cent bonds, We can sts.e that tee total snccai 1,
q 100 COO. This inolacss 400 90 rscenn, issnei
in the funding Of The floating dsb., usct v.
Utassd for varous erpsn~s OF tor rovsromsn, i.
nd for The erection a \ ate housa, hospls
AZ. The rsso1rc1 Of tns SAk IN prDcsr , held
and owed, lsdspeo isos q hsr iecozrs 70 Ar.sioa