The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-12
FINANCIAL AND COMMERCIAL.
MON EY MARIE EFT.


FRIDAY, Sept ll-6PM
Al the nrst board to day the stock market slightly
better. Tho amount OF busincss transacted not 20
large a. usual, and In somo stocks tho operations
principally on time, buyers option. New York Central
Railroad advanced y per cent Erie, Y; Reading, y
Michigan Southern, old, q do preferred, American Er
change Bank declined per cent Metropolitan Della
and Hudson, Vi Illinois Central q Cleveland Columbus and
Cincinnati, 2; Chicago and Burlingtonb will be
tie decline in bank stocks continues with daily In
oresspg sales State stocks and railroad bonds
forced upon the market much the low rates
ie bonds no! secured by mortgage have down very
fast, There sale TO day OF Erie Convertible, 1871,
ASK . ~ per cent. A few days ago those bonds
selling freely at 90 per cent La Crosse and Milwaukee
land grant bonds sold this morning al 80 per cont We
by telegraph from Warrington, that this company have
fled the and plans OF the selected located lands
the General Land Once and the proper 70
the grant will be Immediately taken. The company
have located about four hundred thousand Of choice
land between Portage City and the Junction distance Of
sixty miss This 10 much better than they anticipated
The accounts from Philadelphia In relation 10 tho payments
OF The Reading Railroad Company favorable
day, and the stock quite buoyant All the coal stocks
70 be gradually but steadily settling down Gambler.
land must be pretty near bottom. Pcnnsy vauis Goal
selling for about double what Ia intrinscay worth while
Delaware and Hudson must touch much lower points be-
fore The prcscn, decline Ia arrested.
Amer the adjournment Of The board the following sales
Of socks and bonds we're ma 10 n auction By 8 Draper
5000 Terre Haute and Alton Railroad Int added AK
l2coo Great Western (Ill Railroad lat mort do. 10
800 shares Cleveland and PittsourG Railroad Ia
rs Phcnix Bank 100
20 Island City bank........ .........,....... a2k
a. Pacific Mall sseam,hi Company ............. coy
Is American Sano Company .................... az
Al the second board the m1xet lower, and closed
very weak. very small amount Of busness trans
acted. Missouri ca fo OF per cent, New YORK Central
rs, y; Bank Of Commerce, y; Pacific mali Steamship
Company. V; Pennsylvania Coal, q; Ne. York Central
Railroad, vi Erie, y; Reading, X; Michigan Central, \;
Michigan Southern old, ~ In the absence Of buyers and
public confidence there be steady marks, FOR rail-
road ssoch No purchase stocks speculs
tou and has any money 70 purchase for invest
The bottom has no, ye, been touched, and the time
for permanent purchases hes not therefore, arrived
some Of ,he low priced railroad n,cks IKE Ia Crosse,
have undoubtedly been taken 10 exeu, BY ou,isrs
who were attracted BY The low price reached, but 10 The
huh priced railroad stocks there In absorption, AMI
shcre cannot be ~ anything like present rates.
The Assistant treasurer reports to-day ~ follows
Total receipts ............"."......slto s22 90
balance. $4,000 50
me suspension OF hessrs william J. Boil % bank
en- wSs announced this morning. hessrs Bell h Co. are
holders OF q large amount OF Western securities which
they could neither cell borrow money on, and conse
quenty were compelled 70 stop payment Although the
nrm has made general assignment, which act was rem
dersd neoewary consequence Of two Of the partners
being residents Jet they confidently expect soon TO
resume payment We understand that their assets largely
exceed Their liabilities Several oshor failures report
cd 10 day Of minor importance.
The gross receipts OF the New York and Harlem Rail-
road Company for the month or August 1851 amounted
xpsVoz ~
same montn iass yeh.,.s..... ..,......... se6lS 20
ts,bi3 os
Under the active supervision OF the new president Mr.
Allan Campbell, tho monthly expenses Of the Harlem Rail
road Company have been largely reduced as well as the
business Increased He has ou down The distance run BY
trains very largely aud the saving ths way m not only
permanent BY three or fourfold The advantage OF -
ing practical engineer At the head Of railroad courf
clesrly illustrated The Harlem r,sd in ME person Of
Mr.. Campbell
soes Of the Bank Orleans, Os,o, STATE are thrown
ous By The brokers.
The lrsnu, Fire insurance cOmPsny Of sro0klys, hn