The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-24
F FINANCIAL AND CONNER GAL.
MONEY MARKET.

MONDAY, June Z3-b Il. III.
There was very buoyan stock market at the opening
this morning. With very active market the tendency
was upward from the start and continued to the close
An advance OF some Importance was realized in all the
leading securities At tho first board Illinois Contra
Bonds went up per cent; Delaware and Hudson x ,
Cumberland, 4; New York Central Railroad, =, Galena
and Chicago IL Erie, l. Reading, L. Michigan Southern,
tx; Panama, ~ Illinois Central Railroad, X; Cleveland
and Pittsburg 2; Cleveland and Toledo III Chicago and
Rock Island, ~ It will be that in every instance
there was advance The large operations for cash
show that the bears about These strong indca
tons that the shorts taking of themselves
by disposed to let the present opportunity
to take in stock pass by without securing themselves
against greater loss.
Az the second board the market much more buoy
ant than in the morning The disposition buy rapid
y extending, and outsiders in the market some
force to-day Erie advanced x per cent New York Cen
trail Railroad, Il Illinois Central bonds ~ Canton Co., n
Reading, x; Michigan Southern, "a; Gacna and Chicago
=; Cleveland and Toledo, x; Chicago and Rock Island,
Il. There was an active demand for Erie and at the
close the tendency upward. The receipts Of the
company thus far this month in advance Of those
corresponding period in May and far in advance of those
for the whole month last year. The increase in gross
earnings in June this year, those for the same
month last will be full two hundred thousand dollars
about seventy per cent There small sale of Wis
consn lake Shore this afternoon at ~ per cent
offered for more without finding sellers. After the
board the market was steady, and but very little stock
was pressing for sale. Holders look for steady i'm
proyement in the market value OF all good dividend pay
ing railroad stocks The advance to-day the greatest
in Western railroad securities, and there
that they will take the lead OF all others Western rail
road stocks and bonds, of the first class must steadily
appreciate in market value under such pressure Of CAPT
tai for investment
The quotations for consols in London the 10th inst
were "a 94s per cent. These figures show a decline
compared with those the departure of the pre-
vous steamer, but it must be borne in mind that the
quotations received by the Atlantic the dividend of
and half per cent of. This shows an actual adj
Of and quarter per cent in tho four days pre-
vous to tho 10th inst It would make with the dividend
in 951s 95sS per cent.
We notice small lot of Michigan Southern Sinking
Fund Bonds to be sold by auction at the Merchants Ex
change to morrow, Tuesday. These the consolidated
bonded securities OF the Southern Michigan AMI Northern
Indiana Railroad Company, and are beyond all question:
a first class investment They not only first mort
gage bond, but their payment at before maturity
provided for by annual contributions to the sinking fund
The stock Of this company is selling at 9szs 80 per cent
and semi annual dividends of five per cent, in cash.
regularly paid, leaving large surplus hand for
tngencies.