The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-20

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natural reaction Asses IN lvpovtaas Decline Tb<ss com
paaies are about defunes 70 M ~ the sockboAsv
cencsrnsd Ths Cleveland End Toledo Railroad [orpsn
has Ne same elements Of esoay anG dscstoa At uosk
is vitas that have consigned the Echssx soush on Dom
pany 10 hopeless BANKRUPTCY. u u beyond al recovery
The DISCRIMINATION Of the Beard or DIRECTORS sc seDs
dividends matter OF absolute necessity and from thA,
point can mover return The'o are aboet bali dozen
railroad stocks on THIS market wbsh ore NC Tar "A rro.
duovenees concerned, utterly vor.aieas Net one al
them VIII ever pay than the interest On their bords
debt and the probability tbA, some of hem vii .. no
very distant da! fall portion or thss The Cleveland
and Toledo has JUS, bees added 10 the .,s AND stands
10 day nearly az bed ~ The worst AT tie rrst ~
Today fenos5 vans Coal Co declined yer cont rselsc
mai Steamship 10 !; New YORK Central Etc n; Ped
Ing, y Michigan southern preferred, l; Panama, " Il
Hneis Central, IN; Har''m, X; Michigan Central ~;
GAlena snd Chicago, y; Chicago anS Hooi Is'.nd @ III
wsukie and Mlss,ssippi, 1; La Crcsss aoa Mt~aus;e
Canton Company advsrced 4 per csr. Gch;rsr soc.a.
era, 2; Cleveland and Toledo s}eoulsi0rs -r rise
arc ssstng Alarmed yer, dnnou.! 10 pr out tits
morning time conynsS, sellers opxou sor,s stns bigl
eat priced railroad ssosks offered al the board
two and three per cen, under the each rate sellers ay
days auG bu, The President OF the MILWAUKEE, .rt
Mississippi 3Ayosd Company has published within too
past week three long statements IN resse- e.
certain facts connected WITH the finances or sss
company He denies, might have been err
pected, that there Is nzy truth In .e
oount OF that sanpanys Indebtedness, expenditures
&c, Such deDsh arc very common AM ng railroad
nsgers, but the pubic know Just about hos
dence DO placed IN them wo very seldom make
mistake IN these things, and In the OF the M
and Mississippi Company well posted 10 be
oil alarmed q tie long aores Of the President
There has been more npancerpg In that company
than have yet audedto. We have not tnae space
just Low TO anAly 20 Re Presidenss figures
At the secord board there no much charge In the
tone or complexion OF the market a. . general thing
lower prices ruled Michigan Southern sinking Fund
bonds sold yesterday rrius 1 65 per cent this snes
Loon they sold at SO per cent Cleveland and Toledo
closed al AK, oash, which Is decline OF \ psr con.
sw suke and kssiss,ppi fell or per oeu seller 20
days; Ia C,osae and Milwaukee y. Xiohisaa Southern,
preeEred advanced pox cent AT the cloe the market
very hsavs and freely offered al our qro.a-
Nons.
The Steam ship Persia from this port for Liverpool 10
day carried out 81 7s25o specie. The steam ship
ton for Havre saapday III take out II least half mil
Len Thes shipments from this port thus far this week
have been upwards OF two millions Of doAs.
me Aisis mi Treasurer reports to-day q folio WI,
Total receipts. ssoI saseI
fNymeou. OBSERVATION-DISCLOSURES. ~ hS5 W
Albert a. Nicoays regular semi weekly auction sale Of
stocks and bonds will take place 70 rhursday)
half past IL O'Clock Ut the Merohanta' Exchange
The steamAhip Arabia, at this port from EveSpoo
briggs fouY days later sess from Europe the irtel
genoe NOT In the least impoan, and possesses very little
interest Quotations for consols show aivance whe
the returns Of the Rank OF Engar Of uufavors5Ie
character decrease in the stock Of buon Of fsIos2e
is reported; also . decrease in unemployed notes OF
London market Tho bank and of door rate Of In
terest ooptnued al ga per cent Ir American securities
there was a very limited business. Cotton wihou,
change, with quiet market further decline bread.
stugs reported The haryests throughout Gssa; Britain
were progressing favorAbly
In relation 70 the progress OF the wa,ertown Mad
Wn Railroad. tho wstersown Democrat says
1--WE have just passsd the line OF the waertown
-Four days more Of sradnx and about days snx
scrus the Hog Island rash, will complete the le to Han
cLel,v lille being laid down at this ed Of
the route trd construcdou epEue cons,aty at worK,
We may sae'y ~ that regular trains will LEI In to 10
Hsncheusile the Ist OF September, and the
rate If work. 10 Madisoa about the Let Of December
next The whole route siops both aides Of the lice IL
one vast grain Geld Tho area OF country thas
Psd r Ss lee To .n ,,s o1sn
missd Tast all former prececent Oceans of wheat,
rapidly ipenns and out Of Danger, meet the eye every
hand, while all tther crops cheer the sight Nth equal
abundance. We before imagined so nsgn.
fcent spectacle-such endless prospect or plenty
Allowing ba. but third only OF the surface of the
country for oeen mi les each s,ce OF the road
ouluva alton, and have an AREA Of 900 sections,
$50 CO acres OF his half wheat and tE NJ
but twenty bushels the averaSe-whch very lcs
orc-the yield this will not be less than 900
bushek, While tn. other BALI made up OF osts, bar
ley, buckw boat 40 will DO much greater. II safe
estimate ad entirely within bounds, 70 say that within the
months the Waertown and Madison RAiroai viii |
ship for market than 900 bIahen OF grain alone
soy nothing OF freight Of passenger wo
pieAsed learn thai II the deter minaou OF te
directors 10 have the running through The earliest
poefi ble day. The contractors, Messrs Howard,
Doing their part enerseteay ard we'll The right Of way
has already been secured nrcughthe ty mn Of Madison
the track OF the Mississippi road, 10 form direct
comedian with the road west, and o'ntrac mds with
the Ia Crosse Company FOR h immediate completion
within these mia Q par, OF tao land grant line