The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-01
FINANCIAL AND CONNER CiAL.
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MON EH M n X EFT.

MON EH M A n X EFT.
TunpAY, June CD NJ
The market was very irregular the opening this
morning. with Than the usual activity In stocs
There appeared to be very violent fluctuations AT the
FIRST board Chicago and Rock Island bonds foil OF per
cent Penusy vania Coal Company 2; Mchgan Southern,
preferred, 4; Panama, l. Cleveland. Columbus and Gin
cinnat, !. New York Central Railroad advanced Il per
cent, Eis, Ia; Reading, III; Gaena and Chicago, N;
Michigan Southern old, \; Cleveland and Toledo, -;
Chicago and Rock Island IA Milwaukee and Mississippi
so'd freely, without change In prices. There weee
very largo operations In Michigan Southern opening n
49, cash. and cosng at 39k The saes al the aret board
to-day up nearly six thousand shares, moss OF which
for cash The snap game prscccd by the sudden
closing Of the books OF this company has created good
deal Of excitement In the street. There is supposed TO DO
other for the movement than the preparations
necessary for the establish meni OF stry Of stock
We have frequently stated that the stock account Ut this
company very confuzed condncn and that
knew exactly how much stock 10 existence, aud this
co,ing OF the bookshows that certain arrange
nents necessary to make clean exhibit The as
tablishmeDt registry Of the stock Of company Is
chit upon Issues the public be deceived
py any Of that kind few days viii deveopc oer-
facts connected with the late movement in the .rea
suyy department, Of this which will clearly
firm thai have said In relation 10 the system Of
Gnancicrng prpcced In regard to the floating deot and
ctacr speciee OF Indebtedness The Michigan Southern
Railroad Company is TO all inscn,s aud purposes close
corporation When individuals Of equivocal character dis
agree the public generally become bitter posted There
were very heavy transactions in New York Ccn,ru
morning. II viii he In few days that predic
ton that the stock would touch 70 per ceut this year viii
be more than realized. II could get at bona fie
s.a,smsr, Of earnings the public would greater fall
ing OF than has been yet esmsted. Tie reports or
eeps doc,ored 10 make things pleasant 10 stockhod
ere. flie opened well this morning, but not
tanod. 1t fell CT y per from the opening price.
AZ The second board the market WAS ell or Eric de-
ened per cent; Michigan Southern preferred q do do.
old, tx; New York Central NJ Ia Crosse and kwaukc
IL; Reading y; 6alena and Chicago The sale thz af
ternoon of Michigan Southern Raiiroad, pre-
feod guaranteed 10 per cent stock at o5 per cent mu'
strike every with nstonishmena This stock must get
Ia full 10 per dividend before the other gets ocnt
This faca being established follows that IL the ten per
cent guaranteed not worth than %, the old Is no,
worth dollar per share ThIs clear that and
make four. Tho guaranty Of tho Michigan Southern
Company DO held very poor estimation 10 lot the
preferred stock down such low point There
very active demand for money today and the ra,os
rapidly advancing. To morrow July ~ the tsri
goes into opctAop and ,ok for very heavy Payments
the sub Treasury large amount or goods will DO
entered and put upon the market The importers
may, for short time, make limited remiauces TO
Europe consequence Of the large amount Of money that
will roqnrod pay duties, but the demand for specie
70 pay into the sub Treasury win be equal to our largest
shipments per week. that the drain upon tho banks V
likely 70 continue undimnishcd.
The Market Bunk has declared semi annual dividend
OF four per cent payable the 10th July the Park Bsu
Of this city, dividend Of four per cent pay
r.l.~ a.
bonds Of the Panama Railroad Company viii he Paid Al
is oacc, SO v all street
Tue Of the Irving Savings Institution have or
dered that Interest be paid depostor the and
six months ending June 90, 1857, N the rate OF SIX
cen, on all entitled thereto payable and AFRO,
Monday, July 90 AL interest win DO credited TO deoon
tors principal.
Tho interest on the Manhattan Mining ana Manufacture.
Comp.nys bonis duo tho Isl Of July viii be paid At IN
Park Bank.
ne coupons OF The fsrm mortgage bonds srng ius OF
lst of July well those Of the bonds of the city
Mlwsuke, issued aid in the construction Of the Mwau
ke Haricon railroad, falling due tomorrow, will b
paid on presentation al tho Rank Of The Republic
The due lat July the nrs and second mort
gsse bonds OF Western Division Of the Ohio and MS
sissippi Railroad Company, viii be paid al the ocoe
The Company, - Wall street., on that day.
The coupons Of Ia and NIL saukIc Railroad bonds
and also tnoee of niwause and wa,ertown Railroad du
yuiy L. Will be paid the odloe Of the Company, No
/ Nassau puect
After The adjournment Of The board the following sale
of stocks and bonds we're made auction BY Draper
On 900 Nccnah and Manitowrc frank Road Co. Int I'd.
80 shAres An ericAn 6uapo Co.
200 shares American Exchanro hank scrip 10
The follow coupons due July 1867, payable al tn
once of the Ohio Iifs and Trust Company
| scscs o., Franklin town. eievelsnd a risisburr RR