The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-13
FINANCIAL MD COMMERCIAL


MON1H MARK 10.
THURSDAY, jane 12-6P.M
The stock market opened little more buoysnt this
morning With limited business prices we're traction
better At the Arst board Virginia es advanced per
cent New York Central Rauroad ~ Erie, y; Reading,
u; Cleveland and nssburg, ~ Chicago and Rock
Island NJ Mlwauks and Alsssaippi Railroad, \. There
transactions In al the leading railroad stocks bat
In most Of them the aggregate sales were under Eve
hundred shares. There few sellers and few buyers.
Holders appear to have perfect coaadsaes fatu.e
and trust to dividends 1t Is well known that nothing Ia
likely 70 calculsted to interfere With tho opera
railroads Their earnings will not b reduced
by the political movements the other side Of the water,
and investments they not therefore, In danger
No supposes for moment that any Of great local
interests win DO injuriousy affected by any the 60
Of Great Britain pursue in the Cram
business; and those actually engaged In commerce,
naaufAsturss and al other pursuits do not heed the
ports which from time to time circulated regarding
the political din suites sxstiog between England and
this country The only profession at al interested In
the the Ministry Of Great Britain will pursue In
the enlistment affair." the stock Spectators Of Wall
street. They have been In high fever Of excitement
for the past month Long before Champion dismissed
they frightened almost to DEATH After he dis
missed the bears felt inevitable and the
bulls waiting whether the bears are right
ing 10 their showing, there Is getting away from It,
Mr. Dallas il to be dismissed and in less than sixty
days. the steam navy Of England get In
coal enough and the Atlantis all the principal ports
Of this country to be bombarded and demolshed.
AL this the bears firmly believe. They have
fairly worked themselves up into that state OF
mind, and have worked hard to convince holders Of
stocks that railroad securities not worth like
current prices In the face of a this stocks will not
down. Holders must be real confidence men, With war
At DOORS it is most extraordinary what indr-
is exhibited by who have their al invested in
dividend paying railroad stocks. II 10 very strange
that the bears not successful in making thsse
large holders realize the danger Of their position. We
fear that nothing short Of actual of the
city, the appearance Of the British feet of Sandy
Hook will open the eyes quicken the percepve fAcul
ties Of these poor deluded not strange
may appear, We place the fAets In different
light. Holders Of stocks have other authority for
the reports 10 generally circulated than GER
tain parties in Wall street. who are Interested
In depressing the market value Of funds These
know very well that nothing Is effective the Stock
Exchange to talk about The most trining Incl
dent 10 distorted in every possible way, and II any dipo
matc movement be construed into . rupture Of
goations and that rupture into war; Is perfect god
send, and lasts for long time The bulls getting
used to this The cry wolff has bsen kept mp
long that the most timid longer alarmed. It
ia necessary for the bears to make much possible
out Of the question at issue between the two gov
ernments. 1t Il their last chance, and few weeks will
dispose Of this most efestually They must make hay
while the sun shines.
After the adjournment Of the board the following sales
OF bonds and stocks were made ct auction BY A. Il. Nj
eolay:-
SO =, ooo California STATE ~ 1873 added g
(hyDOth 0cat06. sold n lOt.l
Sss xsss.. HI I..ss e. &c.
Lake 81 Erie. WABASH s and s. 1sa: ks ~
10000 N ana Haven RR g. it sooso ~
ES'sA .sa E Hs, 1 ,ss. "a
1000 Iowa c.. (wisconsin) Ss 1893. .....Flat. SAX
shares Academy of Music, per seat. $50
90 stusvs.sst ssuranc. Co 1851
q Hsohsnies' Bank Of williamsburg. ] esH
10 asshanics' Baniins Association ioax
40 Merchants Insurance ACKNOWLEDGEMENTS. 121A
At the second board the market fm but there is
nothing Going the Brokers' Board in the street. In
Nicaragua Transit there was more activity than usual
and parties evidently selling out. The stock
sold low this afternoon 1OH per cent In the minds
Of many il b dear ct that price. The company Is vrtu
ally defunct It's property Is likely to DO all frtttered
away Erie closed ct 81 per cent steady, and no stosk
offering. It ID most extraordinary circumstance, that
with . money market better supplied than has been
known for years. with capital accommodating and actually
begging for employment that good sound ten per cent
dividend paying stocks selling 1t five and ten per
below par.
The following are the receipts Of the New York and
Harlem Railroad Company
May, 1900. 9o0 o.
Increase. ss, ooa 81
The Assistant Treasurer reports to-day IS follows -
Paid on treasury account $4s8,S28 A
received. doooo ~
Balance. 1884 347 80
Paid for Assay Office. Observation-Disclosures. 4,508 "
Paid on disbursing checks. 32,5SS As
The payments to. day include 600 sent TO Phla
delphia.
The warrants entered at the Treasury Department
Washington, on the 10th inst, follows -
For the redemption of Texas debt. sl33,779 81
For the redemption of stocks 1902 70
For the Treasury Department. ............. 523 So
For the Interior Department. ........... LISA 90
War warrants received and entered 129 $50 81
War repay warrants received and entered... 1888 10
On account OF the 3o,o66 90
From miscellaneous urees................. 23l 90
The receipts Of the Cleveland and Toledo Railroad
May ~ follows
May, 1855 ,757
1ncreaae.
The of the Baltimore and Ohio Railroad tor
May was
Washington
Main stem. branch. Total
For pass ngers. e62 178 40 81 377 "a 93556 10
For freight. .37o2S7 SO 10,474 u 3S5,762 06
Total. $4S7 400 "a Al, 1902 OF 47s,31s rs
This result compared with that Of the corresponding
month Of last year, shows gain in favor Of the past
month Of Ss5,s6l 60 the main stem, and 7e4o Sc
the Washington brAnch-making . total gain Of
se8, 5O2 16.
The receipts Of the Norris Canal have BEEN
Total to June 2, 1855. SOL, e58 IL
Week ending June o. 1855........ 1924 06-S69 T82 10
Total to May 81, 1855 ........... 54,174 06
week ending June 7, 1856. 1Obl6 q $4,000 %
Decrease in 1885, ACKNOWLEDGEMENTS. $5,09l 81