The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-23
FINANCIAL AND CONNER CJAL,
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pWAF~CaAl AND GAL,
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Tne sseok market operated very rregularT 10 day.
Tho tendency sishty upward, although prices
very much unsettled and nuctaA.ed considerably ~ the
aTa board Erie declined 4 per cent Harlem, 2 New
York Central Railroad advanced y per cent; Resssng,
~ Michigan Southern, 2I Gaena and Chicago, Glove
Land and Toledo, L. Milwaukee and Mississippi, IA Thsro
was quite spirited time ct tho Stock Exchange, and o
movement In Of the fancy railroad so,ks quito
eotave. Michigan Southern run up rapidly this morn
Ing. under what may DO called inside influence, and
touched 02x per cont the suppy Of stock Offering
TOO large for the Clique Of buyers and they Obliged
10 hold up Contracts time offered farther than
they found takers and the demana easily aud speedily
filed and then the market price OF the receded a
Reading prices with difficulty sustained there
free sellers Erie very active and sellers AvAilsd
themselves Of tho demand 70 put out largo contracts,
Cleveland and Toledo improved tho opening price with
largo sales OF cash stock The operations ths bear
much the stamp OF Official char scer that know It
where 10 point tor any affecting the from
time. The whole aim Of the company sustain u pc
sbe The market price Of the stock, and tho parties
gagged In this laudabe effort stop ordinary means
II len 70 Its merritt It would soon sink 10 tho level OF
Cleveland and rttsburg Tho management know this bet
YER than any else, and therefore
cia power and influence OF the sustain
Stock Exchange Michigan Southern preferred guaranteed
ea per oeG scrip stock sold this ~nIng % per
The company viii without doubt mass grea. eovts 10 put
his stock up II successful, snoher, rather further
(secreD issue might not be among the imposslbilNes In
railroad management a-days noshng is impossible
and in the raising of money the desperate
have 70 be rcsOrted TO- II should be bJrne mind that
the Michigan Southern Railroad Company have stu float
Ing debt Of about one and q half millions Of dollars,
which must at very distant day DO provided for Its
assets lock we'll on paper but In reality worthless
After the adjournment of the board the following salcs
Of stocks and bonds made at auction by 8. Draper
sl5 900 Peru and indianapolis RR bonds, int added
600 shares Pensacola (new) City Company. So
The undivided onesixteenth Of one share in the Pen
sacoa (ncw) City Association ....,.......,...$e0o 900
At the second board tho market looked very gloomy,
aud Is though very serious collapse at hand
Michigan Southern closed weak and heavy at CO.,, per
cent and demand at this decline Of per the
morning price. The Michigan Southern guaranteed pre-
ferred ten per cent scrip stock sold at ok per cent cash.
and largo lots afterwards offered that figure
time, buyers option. Michigan Southern guaranteed pre-
ferred ten per cent STICK full sold 10 tho extent OF
10 shares at 81 per cent. The game In this
Michigan Southern programme is nearly played out.
few days will su 10 place tho whole matter fairly and
sQuarey before The public mind and the future
eject on the old stock fully realized shall old
lR5uC ueu buUpeue 10 Sct nnAnCiaI genius VINO
invented this guaranteed preferred por cent programme
will hereafter have the credit Of sacrificing millions
OF old stock for the benefit OF threc millions Of
old way Of reducing the capital stock OF railroad
company Eric sold low IS per cent this afternoon,
but vered before the close and sold 36x per cent,
cash. Cleveland aud Toledo not at all active and
closed at 66k per cent Harlem a fraction better this
afternoon Reading fell OF y per cont Gscns and Chica.
60 y. In Crosse and Milwaukee advanced 4 per cent
The sales Of this stock all In small lots.
The Assistant Treasurer reports 70 day as follows
ToAl receipts. $ao, al Ia
frymens loo ssS ~
Balance lJoS3, 993 ~
he earnings OF the Central Railroad Company of New
Jersey for the month OF April 1867, sos 3a3 Al
For the same month last year 4o,SSs 20
Increase, SO per cent, ................s2 2 s54 ~
The Daily Times ckjobbcrs wade sales a, the
Brokers' Board today Their purchases follows
Bough-ioo Michigan southern soh-rss
100 New York Ceu,r. RR So
The annexed statement exhibits the value of foreign
dry goods imported Into this por, during the week AMI
Mov.MUSn N Fonnds DIT GooDs.
Thrown on market. 74S,ao2 i,ia,SSa sSi,asI
Entered ss a ss port $50 u.s.
Thrown on the market s2s62s7s 4o0s4sl6 81 sss ss2
Total value merchandise during the week. 2lT
Tno tndo IN dry gOouS TINS week has Deen mOdtrhtc
Attributable in part to the very ncIement state Of the
her which prevailed during the greater part Of It. fair
business at the auction stores, though very
largo important safe held sale OF French goods
OF the 10th inst which passed OF favorably
sderpg he advanced stage o; the sale OF rib
bons held during the week, OF the importation OF A.
Thomas Co.. which they considered quite satisfactory
for seson but which said 10 have been not up to
the prices current at the opening OF the spring trade.
Another small sale OF French goods also held, which
presented no features requiring a detailed notice Tho
trade. from this tine ward be EXPECTED
gov less until s passed though, owing 10 all the early
part q the spring mosths having been yin,ry and
Than usual and owing to the great facilities which
exist for sending forward goods 10 the interior there
ment OF the fall trade opens. The revival bread
stuns (and particularly OF Indian CORN calculated 10
give buoyancy 10 trade In the Western States,
and produce the seaboard by canals and rail
roads will increased supplies Of money and put
Western houses 10 better potion TO meet their ndebt
ednes for goois pl chased ~ the East Indian corn the
STAPLE grain Of the wcf sold y0terday high 92c
per bu.hc and may soor 90 % 81 per bushe pork sells
SO 20; wheat, (whts at 81 So and -four all the way
from 90 20 70 - and - per barrel; and l choice extra
al ~ 20 80; beef I also hFh. with such prices for
Western produce cricn people with prudence should
have been enabled 4, ray up boor and TO have taken
lar mount q gooas during TIC srrng trade. But
the very prosperity cn ,ndered by high prices has been
the Of stimulating seculacns and OF leading them
into wild schemes Of various kinds and especially ~ over
trading in public lands city lots, aud railroad shares and
placing thcs in arrears in many towards prior oh
legations at the eastward. Such movements, however,
work their by indoclng wholess resc
been suspended by the war with China There
was rather doing however, for Mexican and
South American ports, including some shipments to
Africa Heavy domestic cotton goods continued
nm, with moderate business. Brown sheetiugs
quite sf at 9tsc. 40 &C., and light ats &C. Beach
ed shcetiugs and shirtinfs changed. To
falling OF In the China trade has checked he
import demand for drills bltachcd a a. aoi
blue at 1Oa,c. All other desorptio eools
were held foil prices without much activity Va sales
Foreign fancy goods continued heavy, and sales
made easier rates. French staple sas goods, and
pecsiy OF desirable styles uncbsng ed though not
bsh they at the opening OF the British
goods were heavy and In many descriptions tended To-