The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-14
FINANCIAL AND COMMERCIAL.
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MOaEH MA II n q y.
NoNnAY, July lg--b p. VI


The stock market opened rather ractivoIy this morning
The bot weather undoubtedly has effect upon the
movements of spectators Many operators gre absent
ard many Of those e rot feel much disposed 10 a,ake
contracts. AT the first board Erie advanced q per
cent; Reading, 81 Cleveland and Toledo declined "a per
cent Chicago and Rock slaod 4. IA Crosse and Mlwa
kc opened at IS and closed at IS per cent cash. only two
or three small lots were sold Milwaukee and Mssiss ppi
opened and ccsed without change The position OF these
stocks in this market exhibits some of the eKraordDary
ncoassicuces OF The stock ExehaIge. The one psse sing
The least value selling at The kghe,i price, few years
hence share Of Ia Crosse and Milwaukee viii be worth
dozen OF Mlwsuse AMI Mississippi and Offers have been
made IN the street 10 contract 10 deliver Milwaukee
ami Mlalssppi stock for Ia Crosse aud Milwaukee,
twelve months henco share for share Time will increase
the value or the latter, While wi. take away xhai little
the former has lo There smser amount Of busi.
transacted al the board 10 day IN the aggregate than
have noticed Tor time stocks sustained sole
y by the efforts Of the brokers interested and when
they fail to TO the rroos rapidly give way.
Each sioc Of speculative character has IL friends and
supporters and each cque well known to all the others
nj the board Tho only railroad stock In Tho street that We
know Of not managed atd sustained by parties directly
Interested stockholders By brokers upon the comps
ny funds the Ia Crosse aud Milwaukee Railroad Com.
pany This company has concluded 10 dsyOte In money
and IT. cred, TO the construction Of ~ road aud leave Val
sock pecu 10 Wal street stock spocua,ors We
uuderutand thai the Ml~aakc Mss.ss pp RaroadCom
parry have expended the street among brokers, during
the past slx eight months, upwards Of one hundred
and ny thousand dollars 10 sustain ng tho market price q
the stock. The money has not beer raised yet by this
company to pay IA August dividend and como OF the d.
rectors say they tired Of paying three per cent a
month for money any purpose. The July dividend
Is that another pOsponement will be made. Cleveland
and Toledo opened this morning al IS and closed at 57ss
per cent, with email sales The financial report jus, put
forth by this company sufficient to a,sy holders q the
stock that possesses very little Intrinsic value Is
,aincd wholly by the efforts OF orfcas connected with
the financial department; % the concern
Al the second board the markc, shade two bet
ter Tor some s,ocks. Eric advanced = per cent; New
York Central, 8 Reading, a. Milwaukee and Mississippi
declined per cent Ia Crosse and Milwaukee, a. Tho
la Crosse Railroad Company made tho last shipment or
iron Friday as and the whole Of the II 900 pur
chased for The extension beyond Portage has gone for
ward Tho road will be opened TO Ncwport-s point
eighteen miles above Portageon the LIST Of August. The
rails being laid II the rate Of quarters Of mile
per day. About sixty miles Of the Wesley n Crosse
division graded A. the as shipment Of iron
reaches the line Of road the company will have miles
Crosse. The Madison and watertown road IL rapidly
progressing, and win be completed in umo for
the fall business. This line viii render nearly
useless about hunircd miles OF the Milwaukee and
Mississippi Compsnys road the through trade between
Milwaukee and the Mssissipp river viii use only the
western dIvson Of that road-the line from Madison 10
Prairie du Chen Every step that the In Crosse Company
takes in tho extension Of u roads and In M
tons is nan in the coffin Of the Milwaukee and Nisss
sippi Company and they know a. which fully for
certain operations ct the stock Exchange We understand
that the old Nlaragusn Transit Company have completed
their arrangements for immediate Resumption OF opera
tons. few weeks pl place the in motion upon
basis Tar superior 10 any heretofore realized, and In
shape that must attract great deal OF public attention
We shall be able 10 give the particulars In few days
Inc Assistant Treasurer reports 70 day follows
lWi recepu s3ools0 81
sss pay menu otftoo %
i"" Vs %
The receipts include 5000 for transfer drafts Boz
ton, and the payments include si5 900 on Caorns dras
Amer The adjournment Of The board the following sales
Of stocks and bonds were made auction by Albert r.
Nicosy-
BOO chs Warren Railroad OF Nov Jersey ST. 52I
sixth Avenue RaitrOa &3s
Now York and New Haven RR genuine stock).. 81
100 American Exchange BANK. 1925 ll0H
u Nna'hsm BsnE...s.... 80
~ 20 ~ :. n; . ,syr
10 Corn Exchange Fire Insurance Company. ..., l26.
80 Great Western Marine Insurance Company log
simon xocklv bonds