The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-09

land aud F, burg &. Michigan southern ~ eaisnA a'A
Chicago IN Csv,la and roied" u, chicago an' "o0S
bland n There very large oporauous ''' ""'""s
10 New York Cont Railroad stock, with large oaso sAies
prices were pretty well sus aimed Sa'cn'san oou'neru
vas very active opensd al Oh cen's anu eosea a. otH
ter cent cash There were two or tnree pear safes,
seller Fix months at and per cent below tho cash
,,,ca Cleveland and Toledo was brought ou
IN large lots and sold as high per cent buyer three
d,vs ards fell OIL and closed weak at IS cash.
THERE'S temporary scarcity Of cash stock orhis company
and the bull o,er s,os thus able keep up the market
,rce and for The time To make good show. This will
regulate itself In due time and then may look for the
ock resting some hat upon It's merits Galeua and
chicago reco, cred a portion Of the recent decline
,o-da,. 1t sold high as eSx, cash. This stock has
steadily falling dsIce the payment OF the February
dividend. II will probably be for some years To
regular ten per cen, stock is day for twenty and twenty
per cent annual dividends has passed Financial lsuo
lance and folly have been the Of rapid decline
within period II about years, lbs capital stock and
debts have about doubled, without corresponding
pcr' ase In the road la net earnings. Tho stock
has been brought TO LIS present position on the
market by Its maj ayers, and by nobody else
With proper manage would have been sustained Il
the highest point touched There has been no pecu
iaoD it, The bears have let alone. Certain capital
they not bound carry any stock than they
really ted have doubt they had perfect right
sell The market could Abss rb much stock and
the consequence clearly In the current prices The
that Induced large holders 70 sell prevented new
tbs from buying Az permanent ton per cent stock 10
forth p in the market The great competitor to
the Gaiena and Chicago road for the Upper Mississippi
trade II the Chicago and Fond du Lac Railroad running
from Chicsgo J.nesvAe Most Of the up river trade
With On cago III this line this year Is the
m st direct route and must command tho bulk Of the
through business.
Az the q nd board the marset was wishou, rnateria
alteration. There active business Ia Michigan
Southern, Cleveland and Toledo Erie and Reading. The
has been quite 6rm throughout TO day, and buyers
have evidently coadenoe in the future course OF
prices The following resolution passed by the Board
Of Brokers this morning -
Res lived, That 10 all pending contracts In Michigan
Southern and Northern Indiana IA road Company stock
requiring sellers T. for the preferred
,he ratio -four shares Of 10 ten Of old stook as
proposed In the circular Of sad company shall give
notice Of before the 10th Of May instant, and
furnish the money for such subscription receiving the
Ompary's receipt for same
The earnings Il the La Crosse and Milwaukee Railroad
Company TOR the mouth Of April amounted TO-. $t6o2o 20
Increase. OBSERVATION-DISCLOSURES. 3lz,690 "
The Assistant Treasurer reports 10 day follows -
Total receipts Si28,o7l Of
Total payments OBSERVATION-DISCLOSURES. l72,:65 o.
balance. lS,olo,VV 10
The earnings Of the illinois Central Railroad for April
were % follows
APRIL 1901. .eI0t,Ieo ~
APRIL 1000. loOyoot w
IDcrc.se.. ............................. sn7si q
The earnings OF the sxoningtoo Railroad were
April. 1851 .s2l IVY Ia
April, 1856 ACKNOWLEDGEMENTS. 23,l81 26
kIocred8e SAhAA 70
The Delaware and Raritan CaAAa end Camden and Am
boy Raiirosd Companies have declared . dividend OF