The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-07-22
FINANCIAL AND CONNER GAL.


r
There up ward tendency in The Stock market 10
dag. In Ede the operations were particularly largo ct
advance. M. Norsn has accepted the presidency at
the salary OF S25 900 per annum While this company
cutting down fares and thur reducing Its receipts
incr aspg It's expenses by adding largely 70 the list Of
salaries The President does not bring tho first quail
hcaton Justify ing spch enormous ealary. Az hnan
cer the company has gained nothing, and the new Pres
dent Ia entirely ignorant Of The practical working Of rail-
road The salary Of Mr. Ramsde believe, $40 ooe
per snnum md he could certainly afford little 10 neglect
bis private Affairs for office Mr. Moran The company
have in this instance exhibited very little Judgment, but
they no that the very existence Of the
depends upon the securing OF the services OF the
now President. We shall what twelvemonth
will bring out Mr.. Gepeke, the new treasurer
her foreign 6nancer ofthe school, The Erie Railroad
is at oil events hands The financial program
has not yet betn made pcbhc there Ia any plan
poed By which the rapidly increasing liabilities OF the
company be Checked shall look upon 1t With much
favor cheen Southern fucaaaes rapidly aud widely
IL opened his nornsg n ~ and closed at 40. The deive
ries have been nearly oil made by the shorts and the
stock piled large lots In the hands Of the company
clique OF sPc atos, where II must rest or come out at
very low There is no reason in the world why
the old deferred stook OF the Michigan Sou herp
Railroad Company should cell for more than Harlem.
Ia not worth fraction New York Central does no,
vary much In market value The bears put oat some
email lots to day q. little better prices Cleveland and To-
edo held by the clique Of SPECTATORS and long
as be hypothecated with even wide margins, and the
compapys treasurer is ii the bot I'm Of nearly oil the
stock operations the stock may be partially maintained but
the alb of actual value must ultimately tell upon the
market Harlem, Hudson River Long Island and that
Of railroad stocks, for long time sustained at high
points, but they bad 10 ct last give way and fall back to
that's II CrOnaa nd utta ia hair
gradually picked up, at steadily improving prices MIST
of tho reported sales Of this stock at the loves prices
what called washes between certain brokers' made for
the purpose Of frightening holders The game has not
been very successfully played Hnwauke and hissisup-
p sold at 81 per cent few lots daily sold, but
clique Of spectators manage TO keep the market firm.
Illinois Central Railroad has not been very active for
days. Since the Issue Of the stock the operstions
have been quite moderate in amount nrst board New
York Central advanced u per cent; Erie, X; Chicago
and Rock Island, y; Reading, ~ Michigan Southern, Y;
do. preferred, 1; Panama, " Cleveland aud Toledo N
Gaena and Chicago, 4; Milwaukee and Mississippi, 1; La
Crosse and Milwaukee,
Al the second board the market was little better I,
with considerable activity. New York Central advanced
4 per cent Erie, III Michigan Southern, NJ 8alena and
Chicago NJ Milwaukee and Mississippi, u; Ia Crosse and
Milwaukee, u. There sale Of Michigan Southern ct
AK seller 90 days, while the cash sale 4ox This
ct the rate Of more than four and shsf per cent month
for money!
The Steamship Arabia, from this port for Liverpool TO-
morrow will take about 81 900 900 in specie Sterling
exchange Ia advancing closed nrm TO day a OK a9x
per cent premium There likely be very great
Increase In the specie shipments.
The Broadway Fire Insurance Company have declared
semi annual dividend Of per cent, payable August l.
We arc informed that despatch has been received by
the Collector the Port from the Hon. Howell Cobb, Sec
rotary Of the Treasury nstrucug him 70 asst@ duty OF
twenty -four p spool cottons, when bea ,hed,
Dyed &C. h differs from the opinion heretofore enter
tanned BY 81 nsrchans, VII. have supposed that nine
to have beeu collected on this article.
TIA Asa,ssapx Treasurer repovts In dav n follovu