The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-11
FINANCIAL AND COMMERCIAL


THURSDAY July lO-b r. III
The stock mArke, was . Lite more buoyani At the
opeang this morning There has not been much activity
Cor sons days past which We attribute 10 the lci that
Stacks are accommodating In The hands Of few At high
prices and cAnno, be distributed without submitting 10
lower rates The market does no, up rapidly
Anticipated Purchases made q week or two since were
shove prices ruling and holders cannot realize with
out Ioss Tbs they do intend 70 do just now and we
may, thcrsfore, look for . dull and perhaps steady
market Al the Grsi board to-day Illinois Central bonds
advanced 1 par cent; Cumberland Coal, RI New York
Central Railroad, u; Erie, X, Michigan southern, II;
Chicago and RocE Isiand, y. Cleveland and Pttsburg
Railroad fc OF cent The principal feature Of tho
marse, The steady rise in Illinois Central bonds. The
stock sold 10 day loiI PER cent but the movement
In the boads which demand both FOR foreign and
domestic investment. Al the rate Of absorption which
has been gcng on for some Tine In the bonds and
stock OF this company upon foreign orders, the entire
debt and capital VII be held In Europe. Every
steamer takes on, large Iots. Enough Ia already known
Of The value Of Tie landed estate o. this company 10 sa-
sfy capitalists that the sanguns estimates viii be
more than realized This gives security 70 the bonds
and an immense property 70 the stockholders, without
cost, Il u estimated that the company's lands will pay
Of The entire debt refund The stockholders al the "a
easements made pay the entire cost Of The road and
equipment and leave . largc surplus 10 the treasury
Thss extraordinary result almost guaranteed BY the re-
turns already made Of only about eighteen months opera
tons. Reading y gradually working up again. There
uere many sales made At The recent decline. Il
without doubt 10 get the stock down, 10 pur
chase On favorable terms All sorts of stories
originate In Philadelphia abou, the Reading road jus
about dividend time. The upward movement in Chicago
and Rock Island continues. The has steadily al
vanced from " per cent and closed rm a. as This
morning MS evidently corner and must run lie natu
raj course csIens and Chicago sold odsy a, ia per
cent The dividend Of this company due on tie Isl Of
August, will be the usual Eve per cent
Aoer the adjournment Of The board the following sales
o. bcods and stocks made at auction by A. n Moo.
lay
a. oos Gallons and Chicago RR LIST mort Int sdded 81
lo'o00 Terre Haufe Ton RR, ID mort. Do. 10
5000 hudson River RR, % mort. DO es
2,ooo Detroit 4 Milwaukee RR. c0nv...s do IS
% shares Ocean Bank. qIh
$50 40 Equitable Insurance Company. .........2 oi
a, The second board the market was steady and mode
rsxey active. Illinois Central bonds advanced \ per
cent; Michigan Southern Railroad X; Panama, Il. Al
others closed without change. Railroad bonds viii pro
bssty advance within The next ninety days than
any Other class Of security Me market, "A active de-
mand from the other side already exists and s expect
"a that every viii bring large orders for the best
rssucs MS with The steady absorption gong On among
our own cap as,s must materially and avorsby srec,
prices I the anticipated abundance Of money and low
rats Of Ineres, are realized In London may look nr
an active business our hrst mortgage railroad bonds
Tor remittance.
me Arctic Fire insurance Company has declared q
.su1 annual dividend q sir per cent; e Rutgers Fire
insurance semi annual dividend Of six per cent The
Continental Insurance. Company has declared regular
ydeud ofaye per cent and an extra Of fourteen per
esn, ~ present extrs dividend has been made on
ouu, Of change IN The operations Of the company which
.omnenced on The Isl inst In future seventy Eve per
en, Of the net profits OF The business viii be the property
:. ~ l,ncy h0lisu ms viii gvpIs an airsctTs ta