The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-05
FINANCIAL AND COMMERCIAL.
n d q n Y M A II X E r.

"WEDNESDAY, June DO T. NJ
The upward movement in stocks continues with about
the usual extent of transact lions. All the leading rAi
coad stocks demand and from day to day frso-
donal impro "a realized At the board TO- day
Missouri 6's advanced q per cent; Virginia 6's VI New
York Central 6's, u; Harlem 1st mortgage bonds Y;
PennsyiyaDiA Coal, " Cumberland, "a; Cleveland aud
Pitsburg a. Milwaukee and pp Railroad fell of
x per cent The demand for railroad bonds is proving
Most Of the Gales at ADVANCE and sellers
plenty at current rste Cleveland Toledo Railroad
stock the most active the list to-day but It closed
heavy Reading had upward tendency from the open.
Ing The broker of some large outside capitalist
buying to-day and the indications point directly an
advances Michigan Southern and Michigan Central have
not been 30 booJant for the past day two Erie Is
firm. The bears concentrate al their efforts tAis
stock They know that it is the great regulator
and they know IL that stock be kept down it viii bs
easy enough to manage all others. Erie Railroad stock
IL the consOl Of this MARKET and It is therefore
Tor the bears to prevent, possible any important i'm.
proyement IN that security In the face Of this oppos
ton, and spite the combined efforts all the bears
In wall street. this stock must improve in market fas
Is II does intrinsic vAue New York Central Railroad
has improved about two per cent within the past two
weeks. There is already ak about reduction
the August dividend. 1t is pretty well known the
company have not earned two per of August
dividend, aud hsw they to pay four is question.
hundred and fifty thourand dollars an item of some
importance ct any time. Gaena and Chicago appears
to be neglected amidst the general The annual
meeting Of stockholders held to-day in Chicago
shall have the al report in few days. There Is
not much stock the market and only few shares
sold Ut time. Wisconsin Lake Shore has been in active
demand for the past day two, and sales have been
made ct The dividend will be paid in less
than thirty days II will be at least four per cent
Between boards bonds Of he Della Iaeka-
wanna and Western Railroad Company offered at
auction at the Merchants Exchange by Simeon Draper
and the bulk Of them so but not at prices perfectly
sactory The sale opened at and closed at 80 per-
cent All but about $3.50 900 sod at prices rang
ing between these extremes. The balance Withdrawn
and will be sold at private sale, only at advance In
our opinion, the company made great mistake in put
ting large amount the market at 1t would
have been much better to have divided them into four
lots Of about half million each The sales to-day viii
not average much if anything, 81 per cent. This
y great sacrifice for such security. Those who pur
chased got bsrgan-one which they will not part with
at anything like COST
A. the second board the market was pretty well sus
xAined Readirg advanced q per cent. Cleveland and
Toledo declined X per cent After the board better
prices ruled There very few short sellers of the
leading railroad stocks in the street. The bears have
taken of themselves those stocks where there
wide margin for rise, and not at all anxious to put
out contracts The best for the bears pur
sue, just now, is mastery inactivity. they wait
long euou Oh their time will come round again.