The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-09
FINANCIAL AND CONNER CIAL.


WEDNESDAY, Oc. Sd +. 8
There was universal decline IN today. At the
arst board every stock the list sold at lower prices,
and offered freely at quotations.. Illinois Cen.
trail bonds fell OF q per cent; Delaware and Hudson "a
Canton Company, q; New YorK Central Railroad "
Reading Railroad, n; Michigan Southern, x; Michigan
Central y; Cleveland and Pittsburg, y; Cleveland and
Toledo, u; Chicago and Rock Island al Gslena and Chi
cago, u. The market was unusually active, and the
put contra good deal Of stock New York
Central Erie Reading Cleveland and Toledo and Mch-
gan Southern sold in large lots at the decline In
prices The growing strngency in the money market 10
bringing out the cash stock, and those obliged To sell
IN many instances buying on time, their own opt,n SO
to carry the most stringent period Many high
priced stocks coming upon the market in large guam
titles such Delaware Hudson, Galena and Chicago
and Pennsy lvania Coal Thesc stocks seldom sold in
large lots The sales of New York Central Railroad
daily increasing, ard tho market price Ia daily
decreasing. Two small lots Of La Crosse and Mil
waukie sold this morning at decline yester-
days prices II was reported this morning by .ele.
graph from Madison, Wisconsin, that the Governor had
vetoed the bill passed by the Legislature, granting the
public lands the Ia Crosse Milwaukee Railroad Com
pspy. We understand that this expected, and we
now that The bill will become law without the
Governors signature tina, ii will be amended so as to
meet the Governors approval The difficulty u in not
making Madison point for the terminus Of the road
well as Columbus. The La Crosse and Milwaukee CompA-
ny have objection this and the bill will probably be
altered to suit the Madison interest. We notice
sales day of River and Lake Erie Railroad stock at
l4a LAY per cent This In OF the North aud South
railroads OF Ohio and is competitor OF the Cleveland,
Columbus and Cincinnati. The stock Is owned principal
y in Boston, and probability Ia that 1t will stay there
The at,emp, to put this market will probably DO
successful as that ntly made to saddle Wall street
hh Long Island HUDSON River Railroad sold at 20 per
cent We believe this little advance the last sale.
As session Of the Legislature approaches reports
Of consolidating this road with tho New York Central
circulated for the purpose Of operating the market
value Of the stock.
After the adjournment Of the board the following sales
Of stocks and bonds made at auction
5000 Ohio Observation-Disclosures. interest added. sSh
" COG ndnna os .....c:.... ao ao' :. 100, 90
2l4 do. peaware and Hudson Canal Co .........llx
"a do. Macon and Western Railroad ............ 90
A. II. Eicolay's regular weekly auction sals Of
stocks and bonds win take place to morrow at half
IL O'Clock, st the Mcrchants' Exchange.
At the second board the market very fiat. There
were small transactions in all the leading railroad stocks,
and the tendency at the close was downward. There
were buyers In the street. except for delivery
turing contracts and the sellers for cash principally
those Who receiving stock matured time contracts
Speculation for . rise Is out OF the question.
Thesteamship Canada from Boston for Liverpool TO day.
carried $685. ST. specie. The OF sa92 700
sent yesterday from this city, Of which sic, 900
for Boston, s2 900 for Halifax and s35s 700 for Liverpool
The balance Of the shipments BY the Canada made up
in Boston.
The Assistant Treasurer reports his operations this
week as follows