The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-07
FINANCIAL AND COMMERC GAL.


"WEDNESDAY, way Go a. ~.
The stock market opeue5 At the FIRST bolrd tht morning
with every indication &C panic. Rut for the experience
Of the pas, ftw months, such day this would have
produccda panic among umid spectators. The ra Ia
stocks general, and to extent Cumberland Oal
fell 90 4 per cont New York Ccutrnl, u; Harlep
Reading, u; Caons and Chicago, ~; Michigan Southern
/ Illinois Central, ~; Cleveland and Pttsburg, ~,
Cleveland and Toledo, 4; Chicago and Rock Bland, -
Tero large sios, bo.h for cash aud time To.
wsrds the cse tie rnsIke, rallied lc, and edvspce
IN stocks Of frac;iou 80, realized. Tho fll
Ia GsIcus aud C1cseo this morning 10 exteI tte
dresGcd o. small ot odd low est. per cont The
Te movement Va Michigan Southern to-day quite active
AZ the sccood board there proty general Ina.
rrovement, bot II locked scty and weak. There "a DO
sTari among srccu,os Holder u stock look w esr
and apprtbs bsO wIou, che rcvor 10 bop he u.SAc,
In the sligh,osi decree The raatous which
yooa IN prices ruroy pasmoiic, aud Of
temporary. This Afternoon Harlem sdvshocd = pr
cent New York Ccutrsl, y. Cleveland and Toledo, |;
Erie, Reading, a; Nchigsn sontherr, =. Gslena and
Chicago sold ut % per cent, which decline q TOr
cent the morning board Michigan Sushesu eoaed
weak. This company have prosecuted new programme
Cor public confederation proposed 70 l-suo tea per
guaranteed stock 10 the extent of o. 100000 one
half 10 be made up ~ cssh subscriptions, ard The ether
half BY contributions or The old stock Of V par vsac,
reny have just made very lengthy report, 70
viewing its pa, and presen, condition, and prcposng
rlsn for future operations upoa and better bait.
wo have no. ret cranued this report with proper carr,
aud cannot therefore, speak Of its rromlss We should
uinl that the board had gone thoroughly Into the
companys affairs, and wcre therefore, able dispoei
N introduce many reforms and improvements. If no' 10
late good management nay remove many difscaucs Al
all evcnts where there disposition refuse
encouragement and support IL, see whe, virtue there
u In the 9gspIzsion.
Tie Third Avenue Railroad has declared g1srtrly
dIviderd Of two rer cent payable ,he isth lust
The oIcbe Steam NH q Newburyrori bas declared
semi annual dlvdeud ~ ave per cent; the Prrnsyvsra
Railroad ComI.nys diyiieHd og fogr ger oent payao,c
| on the 18th int
The following COPY % ielcsrapbic te-psth TO-
ccivcd ibis morning ~ acssrs. Duncan, scrmsn o. -
AtasSY, Nay 4. 1851.
hfysup. DCNcAN, sHUv,s Co--rhe roo.uslon e thc
Common ocuncll rs reported In YOU mornh epers W
telegraph h incotrec vas susyuehsun,, DOT Albany
Northern Ia rosd h DDS that bey grog~e y cshe'' ~a
| legality o.
The canals u ths SUITE 10 bc opened for nantcn
this day. Information enhei the Canal p,parricn, bs
night Of two breaks the canal since ne cImmcnce;nen,
Of letting IN Of the water one o. the brek II st VISA,
whore g sewer h britt urder The cana, Which hroSo
through, occasonnR nine miles Of the level 10 b draNn
M FOR rcpairS The other break al The ~ A Rof Hct
or, sso on the Eastern division.
We learn that the Mineral roiat Illroad Company afa
about oGerpg bonds IN the market for al Tcy arr
re- fclows,S $3.50 900 Iowa County rcr en- bonds due
LIST july 1893 $1,000 lst mortgage SINKING fond per
cert bond Of nc COMPANY due Is Jaiy tssi sieleo
"a mcttrart ditto, doe Isl July, iss, $4,000 oen Of
Mineral rolpt per bouds, due ir 0UioOtr, $50
A. r. Ncosys regular semi weekly Sucuon sale d
sticks aud hoods viii take place 10 mcrros. Thursday a