New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-07-04
THURSDAY, July 3--P. ".

The Stock market was active TO day, but the prln
cipal interest, for several days past centered in
Erie-of which 5000 or 1000 shares We're sold. The
market for Erie little heavy at the opening, as
compared with yesterday but recovered hrmness,
and steadily advanced TO 63s $50, al which closed
after the Second BOard-an improvement OF nearly
q cent. Notwithstanding the considerable amount OF
shares which the recent rise has brought out, cash
stock is still very scarce, and deliveries were
made with difficulty to-day. large amount
Of the purchases recently made by one house
have been called in and taken up 1t now supposed
tha. there is large party in this stock, and 70 IS
named as their mark, but the movement seems rather
to be spontaneous the part of nearly all the opera
tore and out of the street than the result of party
The business continues large, and for two days in July
is eQaal to june Reading was buoysot and closed at
e34. The July dividend will be per cent. in cash,
and payable, we suppose, about the 18th. The an
nouDcen ent Of a new loan by the New York Central
had an unfavorable effect that stock Coming, as
does just at the period for paying the semi annual
dividend has the appearance OF confirming the pre-
dicton that h.s been heretofore made that Central
would sooner or later be obliged to make new loan
or reduce dividends. The advertisement of the Com
psny says
means, the sam Of s745 4s on sOcount Of the princ
HES existing at the time the consolidation line
agreed upon which debts then amounted % 9l5 r. ma
turing the 1853 the 1862
in 1867 it has been we'd by the Board OF
Directors in conformity TO the views stated in this behalf In
the financial circulars and of the Company heretofore
issued to provide for funding the principal OF this debt e
pose which shall eventually not excel tue said
* 8l5 ~ has been determined to be used 50
said c time to time hereafter only as the maturity OF the
able except those which exchange of secari
ties may 'e made as hereinafter mentioned These bonds WI
he Of of
interest sached and be made payable at the expiration OF
the rate Of cent per s1num the Companys Agency, in
the Cry the iSt day of February and August
sine- fund of y per out of the income of
hsve been lee ed which sha not have msrsd been
By he TscS s fn@ Or 0S y rs es
10 be used for that purpose will in iself provide Tor
large portion o. the issue before maturity
There WAS considerable discussion in the street
whether this new loan was not an increase Of
the debt of the Company. Upon reference to the an
pus report of the Company fer the year ending Sept.
80 1855 we find stated that of the debts of the ndi
yidua Companies assumed by the Consolidated Com
papy there had teen paid Sos, 2l6 %, which had
been taken from capital otherwise applicable to tie
construction account (probaby from the proceeds q
"the last ioap and should be again funded whenevor
ii, ma, be deemed proper to finish the double track
and improvements 10 the direct line We should
Judge from this language that the rev loan is
An increase Of the capital. The market closed
at 90. Panama was 1901 and steady; Cumberland
was %, having boen 22i; Nicaragua fell of 3 cent
The Western shares were generally firm; Galena III;
Cleveland and Pittsburgh improved . cent, seingat
t2l; Milwaukee and Mississippi sold between the
Boards at e2I Chicago and Rock Island, 9JI; Ceve-
land and Toledo closed at IA after selling at MI
and Michigan Southern was firm at 9s. Illinois Gen.
tral in good demand and improved to pre- nlu n.
The recent purchases largely on foreign account
The feelings strong though not very active in Railroad
Bonds Fries, 1875, have advanced to 95; Hudson
River Sd mortgage, 7O illinois Central ss5 G9o;
Terre Haute and Alton I'd mortgage, III. For Mich-
gan Southern Sinking Fund e6l bid, and none offered
below 81. State Stocks remain without much change.
The Exchange market is quiet, but without change
Sterling ga 10 per cent; Francs 5i7l @5.l5.
Grain freights are active and firm; To Liverpool
$780, 900 bushels whea, at 81 a SD in bulk and ships
bags $500 bbs. Flour at 2s cd PCS Cd, the lower
rate 20 fill up; 100 boxes Bacon at sos. Q32s Cd To
London, 2, 500 bbls Flour a: Is %.
The receipts of the New.York and New Haven
Railroad Company for June were as follow:
For passengers s6i 1893 o.
Total. ....:....................."..t72s esO2
Lee ysic Harlem Company ................, 1882 %
,''''''''''''''''' 500 o5S
o. 81.
Gsia over lss, yesT.................... S5l5 81
Tho wceip<s Of the Morris Csnal have been;
r.. to June a. r. 80 50 'i;..,.'':: ss s;
'ee' CIV --soo.7e4 90
Fetal n r, ne n, Isss.................sss7s o 6s