The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-27
FINANCIAL AND COMMERCIAL.


TUESDAY, Qne 26-6 r. II.
The excitement In Wall street Is on the increase
again. The bulls are again In the ascendancy, ami
ws may look for another imitation. At ths FIRST
board, to-day Illinois Central bonds advanced per
cent; do. Freeland, 4; Cumberland, 1; New York
Central Railroad, 4; Harlem, 1; Reaiins Railroad,
1; Eric, 8; Michigan Central Rsiroad, l; Cleveland
and Pisfsburg, 8; Galena and Chicago, IL; Clsve-
land and Toledo, IL; Chicsgo ard Rock Island, l.
California re declined per cent Ncsrsgos Transis
1. There was more activity in State stocks to-day
than we have noticed for some time. Indiana So
and Missouri 6's sold largely. Railroad bonds have
again become active. The rapidly With which the
Illinois Central Railroad Company is d,sposing Of
its lands, Is attracting purchasers for the bonds,
and the sales to-day were quite large. Thsre Is
nothing Of importance doing in DO ads Of other com.
panies. We notice sale Of Virginia and Tennessee
Railroad second mortgage bonds at Is per cant,
the 6rst public sale Of the new issue. Railroad
stocks Of all classes were in demand to-day, al bet
ter prices. Erie was particularly active, and i'm.
proved from the opening. Upwards of six thousand
shares were sold at the first board. II closed very
firm ct the advance. The result Of the ,gotiasons
which have for some days been going on bat sen
the Erie and Central, relative to through passen-
gers-both first class and emierant-wi soon be an.
parties These companies must either work toge-
thor upon fair and equitable terms or they must
in for the most desperate competitions in which both
would be serious sufferers. The Erie Company have
made the fairest propositions to the Central Com
pany; and If all the difficulties not smicably ad
usted il win be the fault Of the latter Company. Afev
days will decide all the questions at ISSUE We have
no doubt large purchases Of Erie were made to-day
in anticipation of q favorable settlement. Reading
was . little more buoyant to-day. The report that
tie July dividend would bs four Fer can't is pretty
generally believed; and, although much di,appoint
ment is expressed, the hope OF larger returns in
January affords some consolation to permanent
holders. Cleveland and Toledo Railroad sold to an
unusual extent to day, and we notice good many
speculative transactions. 1t strikes us that this
stock is not high at current rates, and we do not
see what bass the bears have for their operations.
AL the roads diverging from Chicago are doing
well, and their stocks are steadily working up.
Chicago and Rock Islani should command prices
full as high as Galena and Chicago, but none OF
them are worth more than par.
After the adjournment of the board the follow
ing Gales of bonds and stocks were made at auction
by Simeon Draper
$11 coo N Y Harlem RR 1st mort. int. added COX
Zoo N. y and Ere R., I'd s. +" 81
10O shares Commercial Bank. 100
Adrian H. Muller will offsr at his regular weekly
sale Of stocks to morrow, at l2a O'clock al ths Mer
chants Elk :hange, q variety of railroad and bank
securities, by order of Thompson Price, admins
traitor.
At the Sc ,cnd beard very buoyans feeling pre-
vailed, and less disposition was exhibited to SELL
Canton Company advanced per cent; Nicaragua,
1; Cumberland, 8; New York Central Railroad, 1;
Erfa Dat L. a. D.. DILL
Panama, /. At the cloee, holders were firm at our
quotations.
The sales at the Mining Stock Board to dsy ware
IA fOllOvs.-