The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-26
FINANCIAL AND~C DINNER GAL.
MON Ely N A IL Il II q

The movement In the stock market to day was upward
with very large amount Of business. AT the frat board
New York Central Railroad advanced per cent; Erie L.
Hudson River, u; Reading, 4; Cleveland and roedo, i;
Michigan Southern, L. Cleveland and Phsburg, IL;
Chicago and Rock Island, ~ Ia Crosse and Milwaukee,
OK Pennsylvania Coal Company declined 4 por cent;
Milwaukee and Mississippi, a. The cash operations in
Michigan soulbern unusually large ths morning. and
the short saIes very small This shows how the thing
working The shorts clsse up their contracts as they ma
tuTe and Withdraw from the market, TO give the
bulls quiet possession This the most elective
they could pursue. II viii leave the combination In q
short time running with the stock, without any de-
mand. We have seen great many coruering combua-
tons bu, successful They invariably break
down AMI sAve the stock drug on the market. When
they are attempted In dividend paying productive stock
they proye bad enough, but such worthless stock as
Michigan Southern deferred, the result must be
particularly disastrous. week or two at the most
will bring . collapse In that In the mean
tine county holders OF the stock should by al meaus
realize The causes now at work 10 put up this stock
probably rever will again, and better opportunity
10 make q clean sweep may again appear There
no Que buying bat the clique Of companys SPECTATORS
aod when they compelled to sell prices WILL beyond all
doubt 90 lower than the STOCK has 20, touched The
bondhoders management Of the Erie Railroad Company
have M yet made movement In financial way. The
company must $3.50 900 the July interest on
the funued debt This viii the financial genius Of the
new treasurer On the s Of September another loan must
be made 10 pay interest. The floating debt al that
time wiz be about 81 400 ooo This must prove mill
stone about The neck Of the management The bend
holders represented by Mr. Moran in TO the tune
OF nearly I've millions or dollars rber object Is 10 get
out, aud 10 get in deeper. They cannot hold the
management whou, continually advancing money, and in
the cour,e Of year two they viii npd that would
have bccn much better for then have Kept out and
taken the ctanches with the rest
Al the second board the market Was very lat. There
was more disposition ser A. an Instance q the pecu.
liar position Of Michigan Sbutaern Railroad SOCK we have
only 10 point to the two reported The second board
There vas difference made Of ~ per cent for nfteen
days. THIS equal to ter PEE a mcoth for money
The bob in hat concern cannes hold lccs with such
weight upon H. When docs break II viii carry sone Of
the conpauys enanciers With H. is life or dca With
them nov
The Assftan, Treasurer reports to-day as faicws--
Total receirp t3ItSt sI
Iots paymens' 1851 -
Total balance s2IlS5 20
The steamship Arago from this port for Bsvre today.
carried out s3s4,O72 In specie.
The Gaens and Chicago Railroad Company have de.
cared SENT annual dividend OF ave per cert psy able
Aasuii I5 The Lenox Fire Insurance Comps do.
cled dividend Of Eve per cent payable Augucs L. the
New York and California Express Exchanges Company
Eve per cent, payable Soth inst
TIE lolosing paragraph in relation 10 the Nicaragua
Transit Company appeared the columns Of oo,ennpora
~ q few dys since
We informed from Central America that the COZ ro.
versy respecting the re opening Of the Nicaragua Ira us
route has been substantially decided favor OF Comm
dore Vanderbilt Two commissioners are 10 arrive he q
by the next stesmerone from Costa Rcs and one fron
Ncarasusor the exc lsve purpose Of treating with him
for the establishment Of the route. Mr. Molina the
Minister Of Costa Rcs at Washington, will also be mem
Der Of the com mission Toe terms proposed by Rca
are, charter Of seventy years, the terms
CARDS passengers and freight paid By the old iran