The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-10
FINANCIAL AND COMMERCIAL.


r. III.
There appears 10 be yss ush lower depth to the stock
market indispensable e what the intrinaic value Of
fancy railroad securities h. Tho decline that has been
realized in soms OF The most speculative railroad Is
nothing thar portion Of the artificial imitation that
has existed years Most of them range much high
Of current rates. and Nave yet considerable speculative
value. They are, howsver, tenAiug towards proper
level, and the community will, for time at least DO
Geved from those infaiions and fluctuations
which have resulted dsastrousy to boders
operators Al the first board to-day Virginia 6's fell of
per ce e. Illinois Central bonds, Cumberland, Illinois
Central Railroad 2; New Yorr Central Railroad, l. Erie
y; Hudson River Railroad, e; Reading, "; Michigan
southern, y; Gaena and Chicago, Z Cieveinni
and Toledo, ] La Crosse and Milwaukee, 1. Michi
gan Central Railroad advanced u per cent. The
decline about general oaay have
for long tme and a matter OF operators look
for lower prices from day day. has become quite
regular movement. We somewhat surprised that
prices DO not run down more rapidly With wide
gin still left for decline, and outside support to the
market, the downward movement Is comparatively gra
dual, but beyond all question II will be permanent
Al the second board the ma, ket touched much lower
points New York Central fell or per cent; Erie L.
Michigan Southern, TX; DO. preferred, II nlros Cen
trial. Cleveland and Toledo ~ After the beard there
was slight rally, and at the cloe better prices ruled
closed at 46f cent cash. and freely offered Tbero
quite cecre today in Illinois Central Railroad stock but
the saes were limited.
The steamship Arabia, ON this port for Liverpool to.
morrow, will take out about million quarters
In specie. On Saturday ,horc will be n large shipment
and the total for the week from this port will no, be much
Ices than three millions of dollars.
The earnings of the Gaena and Chicago Union Railroad
were:-
May May se ss'''''.''.''''.. 2sl
may 1906 e22 osT
Increme. S2,I94
The earnings Of the Racine and Mississippi Railroad
Company 10 the mt nth of May, $3 las IL
tyone miles Of road This road opened TO Duand,
eighty six miles from Racine, on the 2Sth May.
Advices from Washington show that the President
not design to encourage any Central American suggestions
Calculated to interfere with existing rights in that
quarter, This import mt fact inspire confidence
amongst the holders of the Accessory Transit Company
stock and enable Commodore Vanderbilt to redeem his
pledges with increased facility. The course would nov
TO be perfectly clear for tho that
I'm 1oran line. We informed THAI committee OF the
new Board Of Directors engaged looking into the affairs
Of the company. The payments made to them by the
Atlantic and Pacific Steamship Companies for many months
past have served to pay oil the debts of the Nicaragua
Company. Forty thousand dollars per month
paid for portion Of the time and twenty thousand dollars
per month for the rest-the whole now amounting to
100000 Mr.. Vanderbilt will have I, in his 20 to
start the line again free from oil kinds of ncumbrances
and thus for himself the gratitude Of the stockholders.
II has been a long and arduous CONTEXT
The statement exhibits the value of exports from
this port during the week and since January In each Of
the past three years.
CoNMxRo TIE PoRT or NEw York
1853 1856 1851.
Total for TIRE week 81, 93s6e I,a75,ess ASSOC
Total for 1--WE nos" -
Since January l. s2s as, sc4 32,6745l5 SO 96o,o27
The AsxStap, Treasurer reports today Us follows
Total rcce ,ts ACKNOWLEDGEMENTS. s262 7s6 81
Total UentS. 2-','b W
TOTAL baancc.... .l@"-~,v'o ~
The annexed statement exhibits The amount la each dc
poscry of the United States ncn subject 10 DRAFT
or Monday, June l, 1857
FINANCES INfnD SfkTYs CoyxsSMKSr-rggAs pRsls