The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-17
FINANCIAL AND CONNER iAL.
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lOuRY n II Il ~.

have entered the market again. with the n.eson Of max
ing another effort TO get excitement ar possible 10
work OF OF their socks Vprn outsiders In this they
will fall Outsiders Will not touch railroad stocks any
price. They viii be more likely 10 realize upon eyory
advance Spectators may establish, and in this way in
the supply Of stock the market AT the first
board to-day Delaware and Hudson advanced ~ per
cent Erie, e; Reading, II Michigan Central /; Michigan
youtherp, "; Panama. IN Cleveland and ToleGo, n Chi
cago and Rock Island, y; Ia Crosse and Milwaukee, 4.
Milwaukee and khsisslpp sold ct 49s{, seller 10 days
tbs dividend postponed from July 70 August has been
under consideration some days, and the report Is that
viii be indefinitely postponed Is stated that the board
OF management Is equally divided the question ps-
dent counsel prevails, the company win husband It's
sources for the time Is not r distant whom they VIII
qurc every dollar 70 them from protest their
floating debt. This COMPANY "a engaged In extending
branches while most Of III main line is nkely 70,
be rendered useless by the completion OF compel
Ing lines The announcement, OF a -four per cen. dvi.
dend by the Readrs Railroad Company had bit slight
eject the stock. II improved fraction, but closed
weak There were rec sellers OF Michigan Southern for
the opening The pressure Of tbs stock upon the Market
sfer the opening, will be 70 great that all the
corneng caucs OF he Stock Exchange III not be able 70
the current No prudent outside OF Wall street
Will hold this stock. We shall not be surprised TO
touch 20 per within the next ninety days. The old
earn the first OF dividend upon IT, The company
may manage to pay the guaranteed ten per cent on The
preferred once or twice 5u, doub, a actually
earned. The Iichdeld party full power in full
bast. Mr. Geary could hod In the face Of that
fsence, and had TO resign. Mr. Hopkins, his successor,
aads impossible to reorm and take ne responsibility Of
q, d,as required, and viii soon leave Mr.. wilkinson,
TIE Vice President Is swords pon, with the Ichaeds
and has been marked for a victim Through innu.
ne burnt In egy along the line OF road tho
Fourth OF July The Michigan soa'hern road appears he
fairly In the hands OF the Phnes and by the time they
aye through with H. the will hardly be worth pcs
ing. The public invited TO forward to purchase
stock in such a company a. this They nigh,
inst As we'll pot !, down upon table whore
loaded dice used by thor opponents. There
ways enough 70 Invest money safely, without taking
s1y gpeh risks attached to railroad stocks, parcu
larry ioose managed almost excnIvely By spectators
The 81. Erie s the rnpi axtraordlnAry one OF
the day. The has advanced about four per cant in
many days dns9cier who has had some experience
IN negotiating railroad loani, and who haz placed abroad
variety OF railroad bonds, is talked OF ~ Mr. Rimsdells
the Presidency. The individual we alude 10
Is Mr.. Charles Moran, native, we believe, OF Switzerland
Mr. Moran has waei upon by committee, composed
OF Mr. RArnsde, Mr. Drew, and one other director and
solicited 70 take charge Of the company Nr. Rsmsdc
vas particularly socious Tor sr Moran to accept, which
shows b, anxiety be relieved OF trust and respsls
billy which brings a abuse than praise uldcr
the mos, favorable circumstances Mr. Moran consented
TO take the Presidency upon certain condons-frS a
Ms saay sAouh BE- SIS, 900 pr and, 'eoOnd, tat
ola < roee.ne Of ne onpanys fnaros ard corruption Of
n. ys1R nanc9,men should b. e1po.,i Mr. horans yau-
able services can understand be secured only upon
these ter Mr. Moran takes Office the pabIic under
standing the conditions, viii naturally enough ook for ZONE
rich Developments.
Al the second board the market va, all OIL Cash stock
vi. very plenty, and the decline averaged about one per
cent New York Central fell oil per cent, Erie, Ia
Reading, Michigan Southern, Panams, 4. Ia Crosse
and Milwaukee sdvan0d = per cent, with small sales
We notice rsle Of Nicaragua Transit at 81, which is an
advance Tie previous We learn FROM undoubed
authority that the old company has recently been con
nrmed In all ia privileges, and mes one' gvea by the 60
vernment of Nicaragua AL the talk about new compa-
mics charters absurd, pccaly charter from
to the river San Tuan The claim that Washington leter
writers making her behathst she holds tho river
and the ooa ~ copquesoe,rsys the srossem ignorance
her recent struggle asans, the nbusers Arrangements
being made 70 openthe route q, once, and wiz
be permanently opened
After the ad ournmcn, Of the board The following saes
Of stock and bonds made at auction By Albert II.
Nooay-
So 0o0 Cley , P'ville and Ashtsbula RR int nd s0k
5000 Great W. Pr. Qrl) 7pcr cent bonds do Az
1900 N. Y r. RR cow. bonds OF ISL DO. toh
100 AIRS. Ga Chicago Union RR ........... pa
rs Tradesmens Bank 1900
12o Broadway Bank I'D izo
% Atlantic Bank Of New York. 80
so City tire Insurance Company ............ lSsT
IAN Y. and New Eng Telegraph Company"..... 52h.
5000 Butchers and Drovers' Bank I'D 10
The Ass,s,an, rreasurer's report for todvs /" fol
| lows
Iota receipts svv,sa" =,
mcns sssss'ssss
balanco.. h'~@ess 90
The Corn Exchange Bank has declared = semi annual
dividend OF four per payable the LIST Of August the
lafayette lire Insurance Company semi annual dividend
Of five per cent payable the Goth instant The Reading
Railroad semi annual dividend OF ou, per cent in cash,
rayabe August a. the sesmens Bank for savings Will pay
Interest deposits tue Goth Inst at the rate Of SIX per
cent per Of Eve hundred dollars and under
the Of Ave cent on larger sums tne pea
ware and Rarsn Canal and Camden and Amboy ksuroso
semi annual dvidend OF four per cent, paysbe 70 tue
New York stockholders the odice Of Ira bss, on tne
| 2lst inst
.a... al a Ia fiverpool