New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-07-05
THURSDAY, July 3-P. ".


The Stock market active to day, but the prn
eIpal interest," for several days past, cenered in
Ene-of which 1000 or 1900 shares were sold. The
market for Erie was little heavy at the opening az
compared with yesterday, but recovered rmness,
and steadily advanced TO 63i G63i a. which closed
after tie Second Board--an Improvement OF nearly
v cent Notwithstanding the considerable amount Of
slaYee which the recent rise has brought out, cash
stock is still very scarce, and deliveries were
made with difficulty to-day. A large amount
cf the purchases recently made by one house
have been called in and taken up. 1t is now supposed
tlat there il large party in this stock, and 20 IS
named as their mark but the movement seems rather
~ 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
i equal to June. Reading was buoyant, aod closed a.
aai. The July dividend will be per cent in cash,
and payable, we suppose, about the 18th. The an.
seuncen ent OF new loan by the New York Central
had an unfav orabe effect that stock. Coming as it
does, just at the period for paying tie semi annual
dividend it has the appearance of confirming the pre-
dction that has been heretofore made, that Central
would sooner or later be obliged to make new 10 IN
or reduce dividends The advertisement of the Com
Yany says:
1' 9' s' :ss out Of IL. pss
pal Of he debt. ssd by it fU the ssvs5 . comp.
ssreed upoH which debs amounted 70 si7 s5 ~
turing different periods nom the year 1853 70 the year 1873
Directors. in conformity to the views stated this behalf
the financial circulars and reports Of the seIsooI;
ms.Iss An issue Of the botds Of e Company pur
y ssa nS5 Be
Gar relates the the already psid 40 aore-
.s ss e % nS a
desirable except those n which an exchange Of sec MI
ties be made hereinafter mentioned These bonds Will
Be Of the denomination of each with coupoSs for the
tsny ,ssns from their date with Interest annually
The ssts e., Of Of Of fsbISy
b. each year. 49,, e -. ,..,,. oe
the whole a1ount Of the sad bonds. may any
have been Issued whh shall have atured mas been
fon 10 the Of the debt BY .nPyng means
% be for that purpose will in itself provide for
. portion Of the issue before maturity
There was considerable discussion in the street
whether this new loan was or was not increase Of
tie deb. of tie Company. Upon reference to the an
nusl port of the Company for the year ending Sept
80 1885, we find stated that Of the debts of the ind
yidusl Companies assumed by the Consolidated Com
pany the:e had beea paid s64s,2l6 %, which had
been taken from capital otherwise applicable to the
construction account probably from the proceeds OF
"the last loan and should be again funded whenever
cit 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
ct o. Panama was lOei, and steady Cumberland
wac 20, having been 22i Nicaragua fell of 2 cent
The Western shares were generally firm; Galena ia
Cleveland and Pittsburgh improved y cent, selling at
e2l; Milwaukee and Mississippi sold between the
Boards at s2I Chicago ard Rock Island, s3t; Ceve-
land and Toledo closed at III after selling at III
and Michigan Southern firm at 9sl Illinois Cen
tral was in good demand and improved to prenia n
The recent purchases largely on foreign account
The feeling strong though not very active in Railroad
Bonds Fries, 1873, have advanced TO S5; Hudson
River I'd mortgage, 20; Illinois Central, sst ago;
Tene Hante aud Alton I'd mortgage, III For Mchl'
gan Southern Sinking Fund s6l bid, and none offered
below 81. State Stocks remain without much change
The Exchange market is quiet, but without change,
Sterling sdlO per cent; Francs Sl7l 95.l5.
Grain freghts are active and firm: To Liverpool,
10000 bushels Wheat at 9, gid in bulk and ships
bags $500 bbs. Flour at 2s. cd Q2s. Cd, the lower
rate TO I'll up 100 boxes Bsoon at Sos 3ss. I'd. To
London, ?, 500 bbls. Flour at 2s. Cd
The receipts of the New-York and New Haven
Railroad Company for June were follow:
For passengers SOS o.
For freight. llioe 90
Leo raid harlem Company ......"........ 1852 -
Total. .tbs,0o %
Fer June less OBSERVATION-DISCLOSURES. $500
Gain over last ycar................... $3.50 ss
The receipts Of the Morris Canal have been: