New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-07-01
SECOND BOARD.
MONDAY, june J0-P. y.

Operators and the public appear 10 haze jumped to
sudden appreciation Of the nelits of Erie sock and
arc IA spx,us to buy il at 90 OIL they were shot
time since TO ELL il at J015l. The transactions
again large to-day the price advanced from 59i to
81 closing at Go. 6l an advance Of t. II = cent
with transactions to the extent of about II 900 shares
The business OF the road continues to be very large
and this feature inst at racted attention recently
to tie low price Of the stock 10 which the
late impetus was given by the purchase OF
some 10 900 sha,es by leading foreign houses, and
which, is supposed held for much higher prices.
In view of the comparative cost and comparative
Traffic, it is very certain tina. Erie is either too low,
or other stocks, which could be named too high.
II is true Fri. paying divid~nd-, but tn" Com
nany are earning some Line per cent per a,alum cN-
elusive of the sinking fund, which is now per cent
on y capital stock The programme at present Is to
resume the payment of cash dividends next March
or April in addition to stock dividend of 10
T. cent from the accumulations OF the Sinkng
Fund. IT mus also be considered that the manage.
ment of the road is now honestly and economically
administered and none more 80 than that portion OF IT
confided to Dir. McCallum the Superintendent MIR.
McCalum, since he entered the service OF the Com
pany, and introduced system and economy IN the
operations OF the road which is alone worth y cent
to the stock. In Reading there is no change and the
market closcd at 90; Central, e2i; Panama, lOi},
carving & cent dividend; Illinois General 100 bid,
interest divd, nd of, equal to about lOl The ad-
vices from the West in regard to the road are very
favorable. Norwich sold at 80, ard New London at
g. The sales of Nicaragua were larger than usual at
10 In Western shares the market was not very
active, but steady. Cleveland and Toledo, however,
advanced z cent, and Wisconsin Lake Shore sold at
~, which is better This stock carnes4 T. cent cash
dividend There was some inquiry for La Crosse and
Nllxaukee which has not yet been introduced at the
Board, and nore WAS offered below u.s. Railroad
Bonds ere in moderate demand and prices have an
upward tendency. EIe of 1875 advanced to "a; 1871
s6l Illinois Central, ssi Hudson River, o.. A pri.
yale sale of Goshen branch made at 81, ani &c,
was bid for Michigan Southern Sinking Fund. State
Stocks aie firmly held, which checks transactions
The demand for Exchsnge has not been large to-
day. but rates were trner at g 10 T. cent for S;er
hing, 5l7,d l6l for Francs. The supply is moderate.
Freghts are higher 90 900 bushels Gram 10 Liv.
erpOol at :. cd 5000 barrels Flour al - u 4
- 3D.; Rosin 2s. I'd as. 3D.. Bacon "a Cotton
3.l6d To London-ljO tons OIL Cake a7s I'd; some
Oil 3Os. aid 5000 barrels Flour at - Sd Sse. lo!d.
To Bremen-f0 hhds. Lard &c.; 5000 bushels Rye
l.c., and Cotton &c.
The payments at the sub Treasury to-day were
sss4 GEL Including $500 eco transferred TO the interest
fund for the payment of the interest due lst July.
This will throw that amount OF gold into the Banks.
The receipts s@ss i3i 49, Balance s5,77O s5625.
Paid for Assay Office, s69, sos -. Paid Disbus.
inr Checks, sl3,4s5 O6.
The Bank statement of the week ai.er the dram
OF two and half millions to Europe, shews smaller
decrease in IL, specie line tban anticipated; and
against three quarters of millions, shipped on Si
mday, which did not affect the average much, we re-
ceived two aud a halt millions from California, which
also did tell bat to small extent, on the average
1t il, however, rrob,tl that we have touched the
hghs; pom, At pr sent the 'pecie line. The losses
shew Dcreaseof 81 l5o, 600 and are DOW very
rear the highest point over rescued April IL, when
they were slt7,siO, 1885, the depo,i,s sheT nomini
decrease Of $4,000 but in consequence Of the
malltr amount of earings during the week. there is,