The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-28
FINANCIAL AND CONNER GAL.
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MONDAY, July T-oP.M.
The stock market was little buoysnt this morning Al
the FIRST board Cumbe land advanced u per cent New
York Central, y; Hudson River Railroad, TX; Michigan
Central, u; Michigan Southern, r. Erie declined per
cent The movement In Cumberland quite active,
and upward throughout New York Central. E'ie, Ceve
land and Pitt burg and Michigan Southern were sold to
some extent principally time. The bears wisely
waiting the bulls to initiate the market much pos
sble and disposed 10 help prices up little bssor
putting contracts. In Michigan Southern seller
tine, their option, disposed TO put out
three four per cent under the caah price There
were sales 10 day at a. seller co. and at the time
81, The oompanys clique Of spectators have al
ready bgsed about rs 900 shares OF the stock and have
about 5000 shares more 10 take. This Will make
$1,000 shares piled up in the hands Of about half dozen
Spectators This Is hypohecsed all round fall strcct
The clique raised $500 900 few days since
change operation, enormous rates Of interest The bills
Of exchange sold 70 the SPECTATORS time
and bought back for cash at rates which make
the rate Of about three per cent per month This
Is paying pretty well for the whistle This 10
Michigan Southern viii without doubt break down most
Of the parties engaged init
Amer the adjournment OF the Board, the following sales
OF stocks and bonds were made at auction by Albert II.
Nlcoay,-
$1,000 Terra Haute h Alton RR I'd mt Sc u. added e2x
$4,000 Chicago, 81, Paii Fond du Lac RR. do. aSaso
IS share, IA Crosse and Mlw.usie ....'.... 5sx
lis do Chicago, 3 Psal and Fond du Lac Rs'.... %
70 DO. Hsmli'on Fire Insurance Co'''.'''''.'''., ~
do. Grocers' Steam Sugar Refining Coz. rs
Atthe second boprd the mnko, for some stocks was
pretty steady, whilo oshors show decline. Erie ad
vanoed per cent, New York Central ., Michigan soaih
orn TX. Milwaukee and Msssippi declined per cent,
Reading =, repnsyl vania Coal H. me corner in chi
getting the stock rspley, and the country people send
pg their little lots very fast few outside holders,
who bought at low prices may realize good pron At pre-
sen, prices the combination could sell their supply
The failure OF Mr. Thomas HcEralh on Sa
urday The Of liabilities 10 ported 10 be $500 900
Of which for accer,ncss OF wes
tern railroad companies Mr.. McErs,h o,e Of the pro
pr,eors Of T,sn> and Presden, OF the NASSAU Bsnx
Neither Of these concerns will be at oil affected by this
failure The duties Of President OF tho Nsssu Bank
been for some months past performed by Mr. Byden-
burgh the Vice PRESIDENT, and Mr. McElrb win probably
withdraw until his financial srsu are arranged.
The Asss,hn, rres,urcr reports 10 day - follows
Total reOe,pts. f3e7,lG0 80
payments. s.......... ....ss........s. 3lt,oo ~
balance. h,oue,osb "
The steamship Illinois, ri this port IRON AspnvsIi,
brings 81 i5so49 In California gold The arrival s the
corresponding date Last year brOusht sl,e4e,soe.
The steamship North American, n Quebec rom Liver
pool, gives four days later The sdvioes from
India had created financial circles considerable alarm
Consols bad fallen or but, psisy recovering, closed ct
"a 92k per cent The cotton market active, aud
prices Web sustained. BreadssuHs lever. The re-
beIlcu or muiny India 10 supposed 70 be much worse
and much more general than the government Of Great
Britain sdmis
Seventeen miles Of the Madison and wsiersown (ws-
oonsn) Railroad will be opened In for The wheat
trade Of the present season. through OF The
finest wheat growing sections Of the ss, and has pro
mse OF profitable business me remainder Of The road
evep,een miles) be pot In operation by January,
but viii probably no, be opened until early In 1855. The
grain crop Of Wisconsin spoken Of BY parties who have
bad large opportunities for observation, being the bsst
the state has ever eatherei
The following comparison of the receipts, expenses
and net earnings Of the Central Railroad otNew Jersey
for the three months ending June 20 OF The present year.
with the same months Of last year