The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-01
FINANCIAL AND CONNER ClAL.


THURSDAY, April So-5 y. N.
Tho upward movement In stocks continues without
teris interruption There lhan the usual sou
witty the 10 day and tho bears appear be
quiety putting short In Erie the operations
this morning 10 the extent OF Xix thousand shares,
nearly half Of which for cash. The price
sustained from Tho opening Harlem arm this
ing at 1sS per cent, but coecd nule weak Reading,
Michigan Southern, Cleveland md Toledo, and New York
Central Railroad fc OF from the ocung price,. Al the
first board Cleveland and nttobvrg advanced por cont;
Eric y; Michigan Southern, ~ Panams y; Illinois Con.
uai, NJ Chicago and Rock hIabd, =. Harlem advanced
y por cent tho closing prices OF yesterday, but
fell az, and closed at decline OF u per cent New
York Central ca declined X per cent; Erie bonds,
1875. IL; Reading, y 1; Cleveland and Toledo, 4.
Michigan Central Railroad sold at Of per cent, and
has varied very hulo from that price Tor some vcoss
II IA not 90 ts market much and would not stand much
Thettock Is pretty well inflated and must distant dag
feel the steady accumulation Of COST depreciaou 40
Is an old road and has already ecodsy felt the effects OF
sevose composition. The parties Interested In Michigan
Central and Michigan Southern railroad compani,d aI-
pear have lost sight Of tho fact that great deal Of bUs
ness from both nse VITA bs drawn OF by the composition
OF the Detroit and Grand Haven Rallroad Grand Haven
situated ,be eastern shore Of Lake Michigan, opposite
Milwaukee. Upon tho completion of the Dctroi, sHd Grand
fIaveu road steam ferry will DO established the
lake between Grand Haven and Milwaukee. and all the
through business TO and from Wisconsin, and No whole o
that territory north and west Of Chicago ~t
take u.ai route. THIS will be a vcSy important uD~
NJ Il win nearly hundred miles Of usvo
W reach Milwaukee, and al thai section, from The
East Powerful AMI sIec,cns btas arr IN course Of
construction for this routo, ~ yin command Al
immense amount Of travel Tasy arc 70 be aso1'
500 tons burden, ~sh upper cabin, nd NJ guards
forward sbs The wheels, and bulk vlth special regard
70 strength and .og qssliaee, and te'r s4d In cri
nary weather viii average from anesn 70 twenty niles
per bcur. This IA q vesy Important movement, for NIL
wsuiie and the entire Northwest; and al the arrange
meus foS making this the route 10 and from The Cpper
Mississippi country have beoo quietly mao that the
great railroad n,esVe about beng Affected hardly begin
70 realize the changes wiu produce In the channels u
traffic snd travel We shall have In ths new routs =
powerful compeuuon all lbs cld roads dividing tho
through weeseru business, snd those Interested shoeh
bcss In mind that almost every day s bringing up 5000
pev project all q which cut Into, less the OH
rDcs In operation II pretty certain that compe,i,sco
among railroads viii b. any ess than Is and
equally oertsn that every year win mako moro snd
more injurious all ooocerusdtbe Cad lines vel ~
Tho new.
Arer the adjournment Of the board the following sales
q stpts ard bonds were made At auction by Albert IL
NtoolAYs--
su oao eresA wet GA Pr Ia mls. rs lot al. Is ux
1 A.nM .xasa IIoa n ~ Al