The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-06
FINANCIAL AND COMMERCIAL.


TUESDAY, Nay 6-6P.M
The stock market very much depressed this oruIug
81 tho opening and the Disposition sell again become
sue active Lower prices ruled in ali the sales msSe ana
a. The close the tendency still downwsrd Al the nrst
board Illinois Central bonds declined per cent? Cumber
AsA, y; New York Central, y; Harlem. u. Cs~-laeA
NAd .RR'' nS6,giM southern turned out freely,
and the sales principally buyers option Cleveland
and Toledo sold largely but pretty well sustained.
Readipg was very weak aud closed heavy. Tbs whole
market was In feet in q very gloomy state. The
only buyers In the street those ANXIOUS
10 shu prces aud they purchase only to the most mo
ders,e limit necessary TO prevent prices from running
down rapsdy TO produce panic. Every effort Is
made by holders TO avoid a stampede. The market has
nc permanent support and or later must give way
There q sale OF Gaena and Chicago this morning, al
90 per cent Is long time since this stock ruled below
par THIS gocsvry far 10 show how railroad property Is
dep~esatug. year two since this stock sold freely
a, TO LIZ per cent. II Is probably tho best rail-
road stock the market, and yet selling for all worth
The frances OF the road have been mseraby mis-
managed. Chicago and Rock Island is following along
in the downward track. The increase OF capt
tai s so that tho business OF the road cannot keep
pace with We understand thai the receipts OF the New
York Central Railroad Company Cor April VIII not show
any increase the month last year. Tho net
ngs the road have already reached the maximum and
increase, mattef whht the gross
IA feature in railroad business thai few understand Az
the ac and travel railroads increase. the actual pro-
fs TO the stockholders The Of thu u tho
iae, that capital and deb, up faster than the gross
income.
Aer the adjournment OF tho Board tho following sales OF
socsu and bonds were made at auction by 3. Draper;
a. 600 Del Iackawana Western r., int. added. .T8
IS 900 Great Western Illinois RR do......s5k
81 900 Manchester Mining h Manfg Co. do. ....5o
20 shares Iepox Fire ns Co 1Dt&
Is do. Excelsior Fire Ins. Co. .llsT
Al the second board the market hiry caved in. There
WAS more than the usual activity In all the leading rail-
read Stocks and nearly every fell Oh from the open
ing Cumberland Coal declined Z per cent; New York
Central, III Reading, y; Erie, l. Michigan sossheru, ~
Cleveland and Toledo, IN. Amer the board there were
largo sales Of Eric a per cent The marke, locked blue
cseaah close, and the feeling Of dstrust and appre
benson regarding railroad stocks has become 20 general
that we should MOI be rprised 10 panic any day
that would pa, prices down i've per cent In the space Of
twenty four hours. Tn these times "a bestno be pre-
pared for any emergency, for we know not what day
| may bring forth
The steamship yanderbA from this port for soathamp
ton aud Havre today carried out ssi6 900 10 specie Tbs
steamship Niagara, from Boston for Liverpool TO morro-
wednesday, viii take on, about half p'lon 10 specie
This makes expectation OF nearly ison Of so'Ls'
by these in the erst three days Of the week
The annexed statement eshsi,s the value Of merch~n
disc exported from this port darus The past week, AMI
since Jsnsary l. In each OF the past three years