The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-20
FINANCIAL AND COMMERCIAL.



show pretty general decline since yesterday There was
very active market the first board and the aggregate
transactions were TO larger than have noticed
for some days. Illinois Central Railroad bonds fell of 4
per cent Cumberland v; Erie, X; Reading, Il; Illinois
Central Railroad, u; Michigan Southern al Galena and
Chicago a; Cleveland and Toledo u; Chicago and Rock
Island, A. La Crosse and Milwaukee Railroad advanced
a per cent New York Central, u In Erie, Reading and
Cleveland and Toledo there were arge cash operations but
prices not sustained. Erie opened and closed very
weak The market active but the tendency Of prices
appears 10 be downward and local influence is potent
enough 10 arrest it.
After the adjournment Of the board the following sales
Of stocks and bonds were made at auction By $. ORA
per-
5000 Delaware IAckswana Western RR int ad Is
5000 do. DO. I'd mort do. -
5000 Great Western (Dl) RR Co. do. A
500 Iackawana and Bloomsbury RI. do. 80
Is shares Marks Fire Insurance Company .l03
500 Pacific Mail Steamship Company. oS'a
Al the second board there change in the market
worth noticing. The extent of operations was limited
and prices about the same Illinois Central was In de
mand and improved u per cent the opening figure.
The European orders for this stock have nearly swept the
market and Il may be days before the supply gets
large enough again to reduce prices. will regulate sel
In time Michigan Southern opened at 6I per
cent this afternoon, and closed at 67S per cent
Tomorrow Wednesday, s the last day of grace for sub
scrpdon to the guaranteed ten per cent stock The SUBJ
scrption already amounts TO nearly double the sum re-
qured. is pity the company did not start FOR larger
subscription than three millions Of dollars. Two millions
more could easily have been obtained.
The Cunard steamer from Boston for Liverpool to NOR
row. "Wednesday, will take out about million OF dollars
In specie. There will also be large shipment from this
port this week Counting the amount the Boston steamer
takes out and most Of goes from this port is but
fair 10 presume the aggregate expectation the present
week will not fab much short Of two millions OF dollars
The following gentlemen day elected directors
OF the Harlem Railroad Co npany for the ensuing year.
Cornelius Vanderbilt Albert j. Akin, Daniel Drew, Allan
Campbell, John Harper, VIM. Wetmore Horace Brooks,
Albert Smith, A. b. Bayis T. ". Edmonds, Charles ".
sandford, John Ah,yne, Horace f. Clark When we ses
new put into board or directors Of railroad CON-
pany It is expected that they will do something TO show
that the new organization Is bettor one than the old.
We have lost what little ldence had In names,
and judge entirely by acts board Of rich men for
directors Is the worst board in the world for stockholders
II IL just good fer nothing for does nothing There
some very good in tic above lis, of directors, men
who all about the most modern system Of hnsucier
ing and all about the theory Of railroad management II
they have any practical knowledge they have fine sub
Jet In the Harlem read 70 exercise il upon.
The Assist, ant Treasurer reports TO day a. follows;
fctai bS nRsssss: H. -
Il
The steamship Niagara, at Halifax from Lverp oi,
brings three days later Tho general tono OF tho
financial and commercial advicos about the
ported by the previous Thore had been
change IN the money market for better worse, while
quotations for consos show slight advance The msrke,
for cotton bresds,us and provisions remains the same
The Daily 7es stock obbers bought and sold the fol-
lowing stocks ai the brokers' board this morning
Bought-200 New York Central. .ss2l-b 90
lp .oosa -ctih.
loo Michigan southern. b 30
Sod--l0o Michigan southern .s7s-r.w
$50 Ceve., Col and Gin. .......... =. .lOi -r.w.
100 Michigan southern. ................G7h- cash
100 do ......,......... 81 cash
The receipts of the Michigan Central road for the ars,
week Of May SOL oa5 ~, against $50 il3 II last
ma IaLa hiatt sat q,