The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-02
FINANCIAL AND COMMERCIAL.
n ON EY a A Il 4 u T.

WgDSrtpAY July I-6PM
rhovc very active market thi. morning. and quo
taons show slight Improvement AL the Western rail-
rad stocks particularly active, but the ansacous
~ese principally time, sellers option There good
deal Of activity today among the brokers In recaying
dividends and In arranging sheI time contracts. Illinois
Central Railroad stock wa, very scarce and there
good deal OF figuring in mai log deliveries few days Will
s,'si hteD all this and give spectators . Geld
The cosrg Of the Michigan Southern Copanys books has
coasec much tTcu lie among the brokers. There but
q e~ hours notice given OF this movement, and
outside Of the particular Clique In the oompany's Office
dreamed OF It. Two three at the most Is al taa
wH necessary 70 fix the stock accounts for the establish
ment OF the rSgsry Tho time taken by this compsny
twenty days. and al contraoe 60 over until the
opening. The story in the street Is that the companys
clique Of SPECTATORS had stock to receive ma.
turing contracts during the FIRST two woek in July than
they could manage, and that the only alternative LEFT
to stave the delivery Of long possible
They accomplished this by closing the books unt July
Doth There large sales to day CT Mlwausie and
Mississippi opening OF 40 per cash. and closing 49,
bu, GO DAYS sold down TO 46t per cent, seller
days. Within the past few days considerable stock o. this
company has, dersand been sbou the street,
large certificates In the OF one OF the clerks o;
the concern This probably hypohecsod stock, and
extra not yet fairly aoat the market Reading
qttc bouyaDt this morning, and with largo GALES closed
Arm New York Central not moved much al tho nrst
board; the transactions principally for cash Cum
bersnd Coal better today. As soon az the improve
meue the Chesapeake and Ohio canal, now gong on,
comp ic,ed the Cumberland Company erpsc, 70 do
very large and profitable coal business II Is OF the most
vital importance this company that the navigation Of
the canal should be free from interruptions. The qroa
tons at the fret board to-day compared with those current
yesterday, shcw In Cumberland an advance
OF per cent; New York Central n; Panams, Il Erie,
Reading q Michigan Southern (od) L. do (preferred Q.
and In Michigan c. n,ral, decline Of u per cent Gacns
and Chicago, VI Cleveland and Toledo, \; Milwaukee
and E!ssssippi, Ia.
AT the second board the market little better. Erie
advanced nor cent Reading, Michigan Southern, Ia;
New York Central ~ There not much business
In any stock, and the upward movement Is merely
spasmodic There nothing doing in Illinois Central
Railroad stock a, either board. was offered this
ing lis, exprvilege everything This may be con-
sdered the opening price, with the stock ell aaoat How
soon new issue will be announced outside
tell.
The Assistant Treasurer reports 70 dag ~ follows
Total reoeirts .......................... sAIssoT
Ioth ray .'....'.''.'..'..-''.'.' $1,000 ~
Total b&ance ioitseSS OF
The steamship Europa, from Boston for Liverpool to day
carried s4b5 600 in spocio and the steamship Borus
STA, from this port, carried out SIS eco In rpecie.
The Hanover Fire Insurance Company has declared
sem annual dividend Of six per cent payable on domsud.
A. n. NIoolay's regular seui.wcckly auction Salo Of
stocks bonds will take place 10 morrow, thursday,
l2S O'Clock. at tue MerohAus' Exchange.
The North River Bank has declared @ sem annual dlv
dend Of four per cent aysble tho 10th inst the MGR
chants Exchange Bank, semi annual dividend Of four
per cent, ray abe on the 10Th instant
The whtcIio AMI Rono Railroad has declared div
dend Of four per cent payable tho 10th Inst Stock
holders whose ,,ocl "a registered In New York VIII 30
paid al the Peoples Hank.
The Albany srtermcn, IN noticing The recent srd con-
rnuod decline In Nov York Central shares, says
We arc assured that The exhibit for July will show
great pg oil Ia TIC business and receipts Of the CO
ny-nol 9 slghi deaolenoy, but dm'uuton calculated 10
have serious OBJECT The fact H. the tine has come when
even The great Ccnira With Ne sysem ofexpoodturo
10 high aries. s ayorsm and corruP,
Ing schemes 81 legislative control must yield. We know
TO be the expressed opinion Of gentleman whose res
arde tue company qualify h W arrive at FOUND
uson that within skip days, In spite OF every expo
dent 10 prcvcnt srcn cliagophe the Ceutra stock ds
drop 40 10 20 "Stzni from unter' has been tho prn
cple upor which prudent holders o. stock have for some
time seed and presume IL s The principle upon which
thcY viii continac " act