The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-25
FINANCIAL AND CONNER GAL
MON EY M RK Il IT.
"WEDNESDAY, Oct. 24--0 P.

"WEDNESDAY, Oct 24--o r. Il.
The stock market opened Mt the first board this
ing with slight Improvement. The panic Of yesterday
considered somewhat excessive Il was generally
believed that prices had been submitted on the basis
of the worst possible be received by Tho Africa
The variations at the first board we're as follows:
Reading improved q; Harlem, %; Cumberland, y; Mis-
souri, skies, al Nicai aqua T. Toledo declined u; Chi
cago and Rock Island, III New York Central Sizes "
We why Central si< bend should
sell at 90 while other equally good per cen. bonds
are selling Mt lower figure The Michigan Southern
bonds for instance, equally perfect far az safety
is concerned and yield per larger income the
same price. large amount Of New York Central was
sold at 90.
brief account Of the steamers was received in
the street between the boards and produced rather
favorable impression at first The price eonsolsthe
best criterion for the state Of money matters Europe
instead Of being to two per lower antlc
pated, was one-eighth higher
At the second board, the market was steady on the
FRS, call but closed heavy with decided disposition TO
SELL After the board adjourned large sales o Erie were
nnde, the price iani ~ to 50x.
The receipt me Assistant Treasures ONCE we're as
follows ~
Paid,nsc'l syaccount, IS 4se Is
sesncs .......'..'..'t.. n1o ~ a. !.
Paid for assay Office, ACKNOWLEDGEMENTS. s1s5 %
Mr.. Albert H. Nicolays regular semi weekly auction
sale of stocks and bonds win take place thurs
day. at 1915 o'cicck, at the Merchants Exchange
The Galena and Chicago Railroad Company have 40
miles Of road. The original main line from Chicago TO
Freeport, LII miles Ia completed and in pee. running
order From II the company derive at present. the prn
cpal portion Of their income. From Freeport Gscna
or rather Dunetha distance of 81 miles, .he road by
arrangement with the Illinois Central Company
structed by that company, and Is owned By them
BY contract the companies divide gross receipts FRO
per mile This arrangement, both in respect the orr
ginal construction and to the division receipts
sdered decidedly favorable to the Gslena companythe
portion built and worked by the Illinois Central Company
comprising the most expensive portion of the route and
all the heavy grades. From Chicago the Gaens Company
have another line running 1876 miles 10 Fulton poin.
the Missisppi river 81 miles below Gaena. This line
open at present TO Dixon II is finished through 20 Full
ton, with the exception Of laying down the iron on
Eve miles Of road That win be dome In a few days.
The management have pushed this road through
speedily possible In order to accommodate
the large amount Of business naturally concentrating at
Fulton from Iowa, snd along up the fftytw miles Of
river to Galena.
The St. Charles Air Line, recently purchased by the
Galena Company for $4,000 70 have run rom Chi
cago to the Mi sssippi between the Gelepa Conpanys
two roads to point about half way between Gacna and
Fulton. II was the only rival line sprreherded BY
the friends of Gslena and is their property Be-
hides valuable privileges material and miles Of new
track, the Galena Company acquired in the purchase
real eststs in the city Of Chicago now valued a.
$780, 900. The Galena Company have one and bu. one
brAnch-twenty miiesto Beioit 1t IL finished and
paid for, and brings in large amount Of buness with
the exception Of nineteen miles of road from Cottage Hin
TO FJgn, estimated TO cost $780, oooeslrabe In mar. 20
cut OF angle and partly second rach-the cslsn.
Company bave no more roads to build Their worn !.