The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-29
FINANCIAL AND COMMERCIAL.


THURSDAY, June as Pm.
There appears to BE- no abatement in the activity
Of the stock Market At the first board to-day Ind.
ana 6's advanced per cent Illinois Central bonds,
1; Virginia and Tennessee, /; Nicaragua Transit,
/; New York G .ntrsl Railroad, Norwich and
Worcester, l (; Reading Railroad, T.; Hudson River
Rairosd, 1; Illinois Central Railroad, 1. Cumber-
hand Coal declined per cent Cleveland and Tole-
d II, Cbicsgo and Rock Island, Michigan
Southern Railroad, i; GAlens and Chicago Bail
read, Z. Panama Railroad sold ct 103t, dividend
of, which IL IN advance Of about three par cent on
the closing ices Of yesterday. Erie continues firm,
notwithstanding the rumars Of permanent rupture
with the Central It ia, we learn, the intention OF
the Erie company, If the efforts they are new max
ing for en- smicAble adjustment of difficulties fail,
to carry the war straight into Africa. There WILDE
no halfway business shout it-no cutting under,
80 a. TO make it matter Of no great choice
with travelkrs-but such reduction ~ will
secure the entire through western travel. II
rivalry IL to be carried on energetically, let
us have IL TO the death. We shall know all about It
In few days. II is an i'll wind that blows no one
any good, and in this case the travelling public Is
likely to be largely benefited. Reading Railroad
touched higher poiats to day than have bean known
for years. Is gradually bat steadily advancing to
par 1t is pretty generally believed that the divi.
dend win be four per cent The stock closed at the
fret board at 94& per cent, buyer so days. Cam
berland Gal was in demand to day, but so much
each stock was offered that lower prices ruled at the
close. Cleveland and Toledo declined to day con-
siderable 1t fell of one per cent from the opening.
The Hartford Times, which has It's information from
director Of the company, says:-"The prospects
Of the Cleveland and Toledo Railroad for large
increase Of business, apparently far better than
those OF any other railroad at the West Within the
next six months new lines of railroads, upwards Of
Eve hundred and forty miles In length Though the
rich valley Of the Wabash, costing sixteen millions
Ct dollars, and forming direc, extension Of this
road, viii be completed by the shortest and most
direct route to the Illinois river, through Spring
field by way Of the Great Western road, and to the
Mssis sippi river at St. Louis, over the Alton and
Terre Haute railroad. The managers of the Toledo
road state that its floating debt was paid off tho
LAT Of April, that cash dividend Of five per cent
will be declared in September, and that its divi.
dends hereafter will be at least equal 70 those Of
any western railroad"
Railrosd bonds appear to sympsthise with rail-
road stocks, ard are moving steadily upward. Iii
nois Central bonds command the most attention.
At the fret b.ard to day, about $4,000 Of the con-
stluction bon6s sold at an advance. They opened
At s42, cash, and closed at s54, buyer sixty. The
free land bonds sold to day higher than the con.
structioR. There we're sales as IS per cent cash.
Several classes Erie bonds sold to some extent to-
day, principally for cash. State stocks were also
active, aud commanded bertsr prices. The market
on the whole was quite buoyant and for holders Of
all sorts Of securities In very satisfactory con-
dition.
After the adjournment of the board, the following
sales Of bonds and stocks were made by J. Thomp.