The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-05
FINANCIAL AND COMMERCIAL.


MOHEY MARKET.
MONDAY, June 4-6 P. n.
The stock market opened this morning "a Their
dun, but not depressed. Reading Railroad stock
and illinois Central Bonds were in active dem and,
but al other securities were much neglected. A.
the first board Erie Bonds 1876 advanced per cent;
Illinois Free Land Bonds, 4; Reaiing Railroad, q;
Chicago ard Rock Island Railroad, 1; Michigan
Central Railroad, /. Itappsars by these quotations
Il at the tendency was upward, Notwithstanding the
limited demand. Quite variety Of railroad bonds
were opersIeS In but In each class the sales were
email. Reading Railroad is the backbone Of the
market In periods OF the most active speculation
the transactions IN Reading were not 30 large as
during the past week. At private sale, the amount
business has been very heavy. The stock Ia
getting into good hands, where it WILL doubtless,
rest until 1t advances to points cotresp ending with
its intrinsic vslue Cumberland fell off fraction
from the opening The election may have some in
fueI CO upon the market value Of the stock. Har-
lem does not improve much under the changes
which have been made in it's direction. The
sto appears TO have lost almost entirely its
speculative character. The stock market must
DON become very inactive. The approach OF the
hot dull season, the absence OF buyers and the
tend to inactivity; but We have no idea that de-.
preston viii take place in any productive stock.
The fancies may be unfavoraby affected by stagaa.
tcn, but money is so abundant and it Is 30 easy to
carry large line Of such securities, that we doubt
Il holders can be induced to sell At anything bsIow
cost. Olce in while speculasor gets caught in
tight place and is compelled to sell ont at any 90.
cri6ce, but the fanciss have not fa,susted mach
WSnn hn ook hnyl
about current rates, which are 80 low, comp AIRED
with previous seasons, that much lower depth is
ont Of the question. Nicaragua Transit, Camber.
land Coal, Harlem, and Canton, are now but little
above the lowest prices ruling during the panic and
prostration at any time last year. Erie and Had.
con, the other two unproductve stocks on the mar
ket, are selling at q considerable advance. There
are only six which can be called fancy stocks on
the narke:, and these we have just nam 3D. AL the
rest pay large dividends and are in strong hands,
principally as investments.
After the adjournment Of the board the folio wing
sslesof bonds and stocks were made a auction, by
A. b. Nicolay:-
1000 Georgia 6's. ''''.'''''''a o az
loco Sacramento CITY ia;: do. 81.
Rs son sssss nj Int ads s
le'oo0 Flushing RR first morsgage..... do s.
5ueQu0nAnna
Interest of George Moe wood Co ia
one undivided tuethrd share Of patent
granted to P. Norwood, Sept. II, 1874,
Tor coating iron or copper with other
a. shares Fulton insurance ca. soS
Simeon Diapers regular semi weakly suction sale
Of stocks and bonds will take place tomorrow
(ruesday), at halfpast II o'clock in the Merchants
Exchange.
At the second board q slight improvement was
realized in nearly all the transa ,tions ade. Read
Ing Railroad advanced ger cent; Cumberland
Coal, !; Erie Railroad, i; Harlem, !. Illinois Cen.
trail bonds closed at prices current in the morning.
This is more than GOULD have been anticipated In
the face OF the large transactions and great advance
during TIE past week. It shows that confidence In
the security is strong, and the returns of tbs aud
operations of the c,mpaDy show that Il is not mis-
placed. Aovccs have been received that the sales
Of May averages. SO 60 psr acre, and amounted TO
1865, 600. The condition of the gro wing CROPS in
Illinois has given farmers grea. hopes for the future
aLd they are purchasing to the full extent of theie
means and credit for actual settlement and cultiya
ton.
An cleo ion for President S1sl Directors Of the
Cumberland Coal and Iron Company was held to-
day, and the following named gentlemen we're
elected =
For Presideat-An6rew Mehafey.
Grouse M N. Falls. Lambert Cuttings, John Bishop,
John Hagee, Joseph rorrey A. B. Hewitt, F. Boodgood,
William Petit Corr ehus Baser.
The main feature Of the Presidents report was
that the business OF the year had Melted profit Of
$2l9 000-that 500 Of debt had been anticipated
and extDguisbet, and thas the balance of the mi,
turing debt could be provided for without embar
rsssment to the company He also recommended
that the lands end mines Of the company not in uss
be put in Q position to yield returns Il also
appeared thst the sales Of coal from January
to May 81, tbis year, exceeded the coz
rspor ding months Of last year over $4,000 tons,
The coupons Of the real estate and first mortgage
Dor ds Of the Fort Wsyne and Southern Railroad
Company will be paid on presentation, at the Of.
fee OF the Ohio Life Assurance and Trust Com
pany, IN this city.
The transactions at the Assistant Treasurer's Of
fee TO- day, were as follows
Paid on Treasury sccoant.. s227s9 90
Received do. ................. Il4577 20
Balance do. 6463I II
Paid fog Assay Office .................. 1S2300 %
Paid On disbursiDg cheeks. 37715 90
The warrants entered at the Treasury Depart.
ment, Warrington, on the lst inst, were as fol-
loWs:-
For the Treasury Department. 1892 90
For the lntenor Department. 1878 63
War ysr1snt. received and entered - Ear GO
Interior repay warrants received and entered SO
Covering into Treasury from miac sources.. $50 90
On account Of the navy 1850 60
The redemption of the public debt at the Tres
iuIy Department, Washington, during the week
AinO nm gafurdav fnIawa.-TAau NJ 1910