The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-29

Michigan Central, 1; Michigan Southern, 1; do,
preferred, Z; Galena, .; Toledo. ,; Pacific
Mail, /; Canton, i; &c. Rock Island, Panama,
and one or two others Of the speculstives
were steady at last quotations. La Crosse stock
was q better; but the bonds fell five per cent on
the strength of doubts expressed as to whether the
August interest viii be paid. 1t is understood tnat
Independently of the published advertisement the
peculiar wording of which has led to some remark,
the directors have lately assured private indivdass
in the most positiye and unequivocal manner, that
the August interest will be paid. 1t would appear
that on the Stock Exchange at all events, but lit.
tie faith is placed in their assurance. After the
board large sales of the Land grant bonds were made
at o. The business done in bank stocks was light;
the only large sale being American Exchange,
which sold at 1 below the last quotation. Among
the State bonds Missouri skies were the only ones
which were very active; neither in them nor in any
of the other State securities is there any change in
price y note. Illinois Central bonds were shade
bets& ~ gGnoul market closed tame, and con
ceQ10O ~ ~ BY sellers after the board.
Az - ooa4 beUrd the reaction became decided
ly IN ! ~ Pct was produced by a further de-
clinsk eA1oef cent in La Crosse land grant bonds,
making 01gether decline of per cent this day.
This aided by the natural desire of parties who have
been operating for a rise to realize their profits
caused decline of per cent in the general mar
ket. There was hardly average amount of business
done at the board. Reading was the only stock
dealt in to any EXTENT it opened at ifty and closed
at 4ss seller sixty. After the board the market
was heavy. The following are Grcesbeck & Hoyt's
closing prices:-New York Central $50; Erie, 1885,
Hovl. Ind
Central, 64s; Southern, 2ll; Panama, 1895; Illinois
Central, offered at as without buyers; Galena $50 ;
Toledo $50; Rock Island, 7ss; La Crosse, A; Illinois
Central bonds, S72. A reaction from the sudden rise
of the past two or three days was to be expected,
and this afternoons work does not by any means i'm
ply that the advance has been definitely checked.
The business of the Sub-Treasury to-day was as
follows
$cI$
or which from customs ................ l7o0oo o0
-6f which California drafts ........... los 600 90
baisDce ..-s..'--'.. s'..So"",o" ~
The exchanges ct the Bank Clearing House this
morning were SIS, l73 ,562 81, and the balance ST.
los 73s 65. The Metropolitan certificates are with
out change, remaining at SC 900.
The Marine Bank has declared dividend of 81
per cent, payable on the 9th of August By an ad
vertsement elsewhere, 1t will be seen that the cou
pons of the second mortgage bonds of the Harlem
(bopds of 1861 and Dover Extension) will be paid
at the Office of the company on the I'd Of August.
The interest coupons the first mortgage bonds of
the Central Railroad of New Jersey, due August l.,
viii be paid that day at the Office Of the compa-
ny in this city. The scrip issued by the State of
Minnesota, bearing IL per cent interest, will be re-
deemed by the State Treasurer, at his Office in St.
Paul, and after August 10, at which time it will
cease to draw interest.
The movement of the cotton crop for the season
and the five preceding years. is indicated in the fol-
lowing statement