The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-08

FINANCIAL AND COMMERCIAL.
NJ ON EY MAR X r. r.
TUESDAY, August To

TUESDAY, August 7-G +. NJ,
There was very active and a very buoyaut stock
market to-day, and quotations for the good, sound,
substantial, divdendpayng securities show quite
improvement, while the fances are neglected and
depressed. At the first board Virginia 6s advanced
is per cent; Cumberland Coal, IL; Erie Railroad
IA Reading Ii Michigan Central, /; Michigan
Southern, II; Galcna and Chicago, Ia Cleveland
and Toledo, IA; Chicago and Rock Island 81.
Reading was the favofite to-day. More than three
thousand shares changed hands at the improvement
Buyers, at present prices. securing one of the
best stocks on the market at rates which will he
considered before the lapse Of many weeks, cheap
enough, and We have doubt capitalists will before
the close Of the present year. be glad to get the
stock at premium. Erie moves up slow, and any
advance IL not This being an unproductiye
stock Is Of the worst securities for spcculs,ors
Il costs great deal to carry. The time has gone
by when fancy stock can be sustained long at any
such prices as Erie now commands. II IL dead
weight in the hands holders and speculator, dare
not touch such stocks The movement ths season has
been in paying stocks, in stocks which paid a, least
interest the Investment that in the event Of their
falling below cost the capital absorbed was paying
for Itself. There are but few fancy stocks on the
>
ranges 40 much above the rest that the interest on
purchases j. item Of considerable importance.
Nicaragua Transit and Cumberland Coal, are the
other two iances which are operated in 20 .ome
tent. but prices for them are moderate, compared
with Erie and IL therefore costs considerably less 70
carry them. Ii il this interest account that tell, 20
powerfully against spectators for ne, and this
year II has deferred spectators from touching the
fancies. All the productive Western railroad stoch
are improving. The sales from day to day ARE NOT
large, and any advance in prices does not bring out
much stock. Galena and Chicago Is now selling at
liz per cent dividend OF, which Is equal TO III per
cent dividend on. jus! before the payment OF the
dividend, the highest price was los IL per cent
Last fall this stock sold down 70 10 per cent. Il has
since paid two dividends OF five per cent each. and
IL now selling at an advance % ~ per cent which,
with the dividends, y equal TO ~ per cent.
At the second hoard the market was s.in NOR
buoysnt, and fair amount Of badness was transact
cd. Nicarsgus Transit went up II per cent; Gum.
beriand IS; Cleveland and Pittrburg. !; Michigan
Central, Ia Chicago and Rock Island, lki Reading
Railroad. IL. Al the Close the tendency for eer.
tain stocks was upward. The reeeip,s Of The Erie
for July will not differ much from those for the
same month las, year.
The transactions at the Assisssn. 1rcpscrcrs ofice
| to-day were A. follows -
Paid ca Treasury seoocBi ........,.., siss - u
nrsei,.a o.s.....,...........,....... 1i,.2 -
| Psid for Assay ones. .. eip n
Pnii On rsearsing cheeks. ................ Sss ~
| The warrants entered al tie TreNsury depsrne1i
Washington, on Tho ttb ins- we're ~ follows -
pr he Tressury asr~rnsn. Oil, .sl =
FoF u lu1fioy department.. .-...s.t n, - .
II ~