New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-18
GvCpkD HOARp.
FRIDAY, July Up. n.

FRIDAY, July Up. n.
The downward turn of the Stock market yesterday
aerr Don continued this morning, with an active ous'-
ness most marked in Erie Reading and Michigan
Southern. The market most irregular in Michigan
Southern which fuctusted violently, opening az ~
selling down TO 49, reactng to a. and finally closing
at 47I being offered freely by the bears at or
cent difference their options. The last price yester
cay was 500. The struggle just now is for cash STOCK
for the opening deliveries on Monday and considerable
interest is felt as to how far the sellers are prepared
TO deliver. large amount of cash stock mas
been taken out of the street. but this is counteracted
to some extent by stock which Las come In from out
side holders Erie fell off TO 81 but recovered 10
32I-a decline of = cent on yesterdays prices. NO
change has yet been made in the Presidency out
some action will take place in few days The salary
is 10 be raised we understand, to $25,OOO. Readhg
was heavy in the morning, but improved rapidly under
some considerable purchases. A lot Of 1000 shares
changed hands at "a, which was the last registered
price of yesterday The surplus, we hear OF the SIX
months earnings after the declaration OF the = cent
dividend was about 100000. N. Y. Central has
been firm during the day, and closed at SO ae3.
Toledo was heavy, ard declined cent.
The Western shares, generally had a downward ten
dency. La Crosse was exception, and improved to
g. The Committee appointed to examioe the affairs
Of this road consists Of Mr.. Jewett Of Poughkeepse,
Mr. Meeks, formerly with Brown, Bros & Co., and
Mr.. Hoover, President of the Marine Bank, MiTau'
kee We trust they will make thorough examination
and candid report. The business in State Stocks was
mainly confined to Missouris, Of which $76,OOO were
sold at 7ss d79, showing a irmer market. Railroad
Bonds Of good character have an improving tendency,
but the market is inactive.
The business in Exchange for the steamer to-mor-
row has been moderate, and the quotations are not
very firmly sustained. Sterling, 9la9l cent
Francs, 5.lsla5.15.
Freiehts are still without change. There Is very
little merchandise offering, and rates are somewhat
nominal. To Liverpool, $1,000 bush. Grain at 3D.,
in ships bags; 500 bbls Rosin at 3D.; Cotton at 3s
q BALE To London, 600 hhds Sugar by steamer at
Dos To Rotterdam, 100 bbls. Spirits Turpentlne at
&c. To Bremen, 700 hhds Tobacco at &C. T. 1b.
The bark Hesperion for Sidney, on private terms.
vessel for the United Kingdom, with Sugar at
22s 3D., or for the United Kingdom and the Cont
nent at US. cd.
The business of the Sub-Treasury was: Receipts,
1921 1852 TO- Payments 1922 705 90 including $3O oOO
California Drafts Balance, $ll ,2lS,OSO TO-
The Rutgers Fire Insurance Company have de-
clared semi-annual dividend of per cent, payable
LIST August.
At meeting of the Directors of the New-York
Central Railroad Company, to-day sem-annual
dividend Of y cent. payable usual on the 18th OF
August, was declared.
The New-York stockholders of the Reading Rail-
road will receive their dvidendat the Office of the Far
mers Trust Co.
We annex comparative statement of the Imports of
Foreign Dry Goods at New-York for the week and
since Jan. l.:
ES,sss :s &:E. iss Ss 'i ts
rs ss. I at ii; 1sss 10 ssss ia;
Thrown on market.... 2s,l9l,5l3 5OSsl,so5 5LInolf
We noticed yesterday meeting Of the stock and
bond holders of the Lake Erie and Wabash Road, and
the favorable reception Of the plan recommended by
managers fol relieving the road from its more pressing
endorsements The following are the details of the
plan adopted: -
The bondholders to appoint Committee Of three to
receive from the Roard of Directors the proportion OF
the net earnings to be allowed toward the payment OF
coupons and Il desired by the bondhoders, the Com
mtee 10 be represented in the Board by one OF It's
members.
Interest to be allowed on all deferred coupons.
Earnings Of the road to be apportloned thus alter
paving the current running expenses, viz
% y cent TO second gage cospons
81 /. TO floating debt.
1t this date another second mortgage coupon will mature
J.,
Is y cent to the second mortgage coupons
IS y TO the floating debt
At this smother frat mortgage coupon WILL mature
FROM FEB. !, 1885, UNTIL WHOLE AMOUNT SHALL Be fhp
90 y cent 10 first mortgage coupons
25 b cent TO second mortgage coupons
Is Z cent 10 floating debt.
Earnings July 70 Nov l. mos at $7oOoO...s2so 200
Expenses y mouth. 100 1880 ., ,ooono
Construction. 5000-45 900 x4 monhs. lSoOOc
Nett earnings to November l,
10 y cent 70 second mortgage coupons f'V'
Or say 81 IL y cent Of the whole amount
BY this plan the first mortgage bondholder is re-
qured to fund or defer the payment of only one cou-
Don. There was the best spirit evnced to give this
road an opportunity to develope itself. The earnings
of the first week of July were $l4,Oi3.
The earnings of the Erie Railroad for the month of
June, 1857 S41l,ooo oi
June. 1856
n.c,.ssa f,on, lime 1856 .......... S7S,l46 So
I,oraa.. oyar Jpne 24797 50