The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-21
FINANCIAL AND CONNER GAL.
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MONEY Ark EFT.

NV N II II M n N N ETs
wpsrspAr, May 2o-6P.M
There quite exciting the stock exchange
This morning. The movement In Michigan Southern and
Cleveland and Toledo the feature Of tho day among
SPECTATORS This being the day for closing the book for
subscription the per cent guaranteed stock Of the
Michigan Southern Railroad Company, there consider
able activity in the old stock and large lots called in. The
three million subscription than filled. Is re-
ported that subscriptions amounting nearly six millions
OF dollars have been made, and that will take little
time TO make the proper distribution Of stock. Erie
not operated in very largely to-day but prices at the
board pretty well sustained. Cleveland and Tsle do
sold down CO per cent cash but closed quite steady In
Reading there active business, without much change
In prices Illinois Central little better for cash but sales
time, sellers option, show great difference In prices.
II sold low 1877 a per cent, seller 60 days Al the
board the changes In market value, compared with yes
terdsy were rs and Toledo fell OF IL
per cent; Eric, ~; Reading, u; Michigan Southern.
New York Central advanced per cent Michigan South
opened this morning e5, cash. and sold down to
CAY per cent Tho sales today carried the privilege, and
tina, gave great impetus to the market
A. the second board there q very blue market
Michigan Southern sod privilege off, at 81 per cent cash,
and il looks though good deal of old stock out Of the
street was coming in at that price. Cleveland and
Toledo closed weak at Ct G3h. The recent attempt
al utter failure, and the parties engaged
have sold out serious sacrifice. The cash sales
Of this stock this afternoon quite rge and we have
suspicion that the most OF account Of parties
very remotely connected with the Management such,
at all events, the general impression In the street.
Eric looked very blue this afternoon It sold down to 3Tk
per cent CASH New York Central fell od with the rest,
and closed heavy Tho Michigan Southern movement has
fairly eliminated The guaranteed preferred stock has
been taken The company has 80 far carried out IL new
programme and propose To show its future pro-
sress and ultimate result The books closed the sub
scHpion this afternoon and the ball "a now open
for the entertainment. Of tho old stockholders.
1t will close amidst gloom, darkness aud despair.
The ten per cent guaranteed preferred stock Of the Mchi
gan Southern Railroad Company offered al the close
this afternoon s. per cent sales made nj So
60 per cent This stock will be on the market In few
days. when It's real merits win be more generally dis
cussod. The company have lis policy fully dcnacd,
and the public arrive at results much more clearly
and conclsyey than when tho secret system OF nnsn
ccring pursued II viii not be our fault II the subject
Is rot thoroughly analysed thai all classes Of stcokhod
will know jest where they stand. II rs impression
that holders Of The old stock win be jus, nowhere. Those
who have leavene their old with little Of the guaranteed
may do better II they realize early day, but the
best strikes us ,hai this the kick OF the galvanized
CORPSE
The opinion gaining ground daily thai the old Ncsrs-
qua Transit route Ia 10 be rc.cstabshed by Commo-
dors Vanderbilt, he being determined 10 redeem bis
plcgc tho stockholders Of that company and 70 the pub
nc on the occasion Of the late election for directors OF
the company FOR the ensuing year. 10000 shares Of
stck were voted epon for The ticket prepared by Mr..
vaudcrbi-s high compliment from the stockholders 70
the man who has abored ndusously preserve this
property in the midst Of many diacuues After the
election was over some OF the directors had inter
view with Mr. Vanderbilt, and received from him con
nrmauon OF bis published declarations. He assured them
Of his design To 70 establish tho company and the
property Of the stockholders Ho expressed confident
belief that every;hn would work out in the most salts
factory way and advised that should part with
share Of stock II Is Understood that the government
win send minister speedily 10 Central America with full
instructions obtain foF the Of the existing any
future Transit route all ha, is necessary for pcrfcc, sccu
rity. The Nicaragua Transit Company will thus be
guarded against possibility any repetition OF lis late
| troubles
The Assistant Treasurer reports to-day follows
Total receipts. sssss 90
Total .av,tao ~
Total balance. ,Vvz, Jos %
The stock obbcrs OF the Du1y Tir.s operated al the
| Brokers Board to-day follows
| Boughi--1oo Erie Railroad ...' ......toH-s3
Sold POO Michigan southern Railroad. .."65a-reg
,oa s slssso and md J Rocs rsi.n
Alta meeting Of the Board OF Directors Of the New York
and Harlem Railroad Company, held day, the following
officers unanimously elected for tho ensuing year
Allen Campbell President VIM Q. wetuorc, vice rresi
dent; VIM A. whitehead, Treasurer; VIM. II. Emerson,
| sccrcsry.
The earnings Of the Lchgh Valley Railrc~d fO~ April
I were follows
APRIL IL
increase equal to 50 per cent 20
The receipts OF The willsmspor and Esnrs Railroad
veres--
por April, 10
Increase, 20 per cent. sl3,ss9 %
Tie steamship Europa from Boston Tor Liverpool carried