The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-17
svNAssosAL AND COMMERCIAL.


rcRnAv. AuGuW 10 y -
Tie steak ua,ke. oosed yesterday cul -nd der 1s'et
Ts events Of ale week us, Oceed wore Of es''a5ef
caoussd destroy oil Fomouag ccuae In the 30.
cplsHve class OF sstoal stooss Tn Fisqven' NV ~
over,spes OF sooO b. railroad oonpener vi.hvas the
ksowiecss Of she Ole sockhodeYs sctns to
be . matter OF serious Importance. Tho Michigan Rail
road Company have within the pa. six mouths made
privately four dhtncs Issues Of stock. faose Issues
amount TO than two millions OF dollars, and have 80
sstesed the orgnsl issue N mako the whole actually
WORTHLESS. Tho Old stockholders have nlersDy been
ewindea out Of their property to thin exsut Whils
quietly heldpg their stock and epcsng confidence In the
management set or speoulsors who happened unfoFtu
nate2 10 have had tie power secrsty putting out
stock by the Thousands Of shares al uuc, and by
poshscatns 1t at amp price. Eisa wonder TO how any
prudent dare hold shso highly 'sfaiod eni wo th
less railroad stocks night. When look es the
enormous decline that already realized and from
tho different companies own showing, that future
dyiden'e entirely ont Of the question: 1t is strange
that any outsider VIII carry such securities for
moment We are rapidly approaching tho result
In this extraordinary mania fey months hence
there viii be but one opinion about these railroad
stocks Many Of those who think tba, have been
x~ysgan In our calculations and antc cations will zee that
not upossel than the scua truth has beoa givon,
but then It viii be late for them 10 realize much from
the universal The Michigan Southern stock has
had il day In his II must steadily settle doxn
a changes hands, and ultimately no monopoz "a By the
spectators Of all football ior ter immediate
diversion Cleveland aud Toledo, Erie, Milwaukee and
Msippi and oars must al worry aistans day, follow
In the came track and ultimately become really worthless
a. far as future p-ducveness concerned The bond
holders thess roads must lock sharp to taesr in
terests. The Erie Railroad management are sc'apa1
together every piece OF property not already
60 a. to Clap mortgage 70. the security of the 1852
and 1871 bonds The present management Is particularly
Interested n these issues OF bonds and their principal
duty 10 secure way while In control OF the
road In our firm belief that In eeverai OF our moe.
prominent speculative railroad socxs tho 10 ~cr ciaves or
bopoht dsvs viii In few years be In the same position
the stockholders sre In row. This ysy extravaganza
but such IL the opinion OF the experienced railroad
men In the country.
Tie expectation OF epecio from this port lss week
quite large o. will be BY the wing table,:
smpMxyrs or spxcI1 FROM PoRr NEw YORK.
stesmshp ARIEL, Bremen, AM goa, ada'' ann ~, ~
Slip p. Xym;r, Bucno. Xyro:, docbloons. 2,a7o 90
sShr Bron.ss Rio Grand del SUD specie. 1900 90
sseamship oAbawba, Havana. Spanish gold 81 900 &C
DO. Baltic, Liverpool. gold coin',.... eoaW0 90
no. +" gold bsrs..... lel 100 al
Do Mex. dollars. 5000 10
Total ,47O A
Proyiculy reported. ta1 ,3os IS
Total .$.sS49,I7o 10
The annexed exhibits the value Of foreign Inn
porn into this ror during tho week ard aimee January 1,
In zach Of the past taree yearp-
COMMERCE ov TUE poRr or Nrw YoHx,
Taiae Of Imports.
Dry goods ,ai ssS s2,sss,ioa sa5iSas,
General merchandise. Q Ql9t 3B 1,f90,l3l IlT,a6l
Total for tho week f,J63 7s3 ss,03t 233 $3.50 '32
Previously reported ss7 3 97s s3s 24s s Sl55 SIG