The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-20
FINANCIAL AND COMMERCIAL.
MON Ely MARK f. r.

SATURDAY, June l9-6P. NJ
The sock market was quite buoysnt at the frat board
day Better prices ruled with active busipe,s
The sellers continue operate freely, and put time
contracis their option, OF prices considerably below
the cash points. The TO day pretty gene
raj, and in stocks the Improvement, important
Missouri State siXes advanced per cent Harlem second
mortgage bonds, N Ia Crosse land grant bonds, " De-
laware and Hudson, L. New York Central Railroad,
Erie, " Reading, L. Michigan Southern, DID, " do pre-
ferred, TX; Panama. l. Gaena and Chicago q Cleveland
and Toledo, "a Chicago and Rock Island, y; Ia Crosse
and Milwaukee, Y. Pacific Mall Company declined y
per cent Some very curious operations made 10
Reading this morning While the cash stock Was sell
ing at 10 per cent, contracts time, seller 60 days
could no. be put 40 per cent and one gale on
these terms made at 42sS per cent. This shows a
temporary scarcity OF sock and also sbows the determi-
nation Of certain parties 10 keep out short hnes
be In when the decline takes phase, expose
OF the financial condition Of the concern. Tue
stock To- by all odds the highest on the list,
in view Of It's future unproductivencss The advance IN
Gaepa and Chicago this morning quite large, but
showed ct the close and sold lower prices
The operations in Chicago and Rock Island for several
days past have been particularly large but prices do no,
vary much from day TO day The oaober dividend whih
the stockholders felt sure Of few days since Is nos
very uncertain without outside bnancerins II Ger.
tanly would be The wisest TO pass IT, and pla,e
their finances q condition 70 meet the wants OF nexl
winter The Chicago Democrat says that dividend In Az.
gust Galena and Chicago totally Out OF The queson
win be seen by reported ,ales day that city rail
road stocks are In demand at high prices sixth Avenue
Railroad sold this morning IFS per cent and Third Ave-
nue. Railroad los per cent The Eve per cent som an
pual payment the sixth Avenue stock s due 10 about
forty days The Last sale Of the Second Avenue Railroad
q ~pa Fyrbf p.ttxo h.ts
1io per cent Ia Crosse land grant bonds have ad.
vsnced two per cent within the past two days
The August coupons, are assured, will be promptly
paid and the early completion Of the road I, Ia Crosse
Ia sufficient guaranty for ali future payments TIE pub.
Bc mind abors under strange Gelusion regard 10 this
company and the recent Legislative investigation. Tnerc
no more connection between the two than between the
two poles The company have in way been iuerfered
with and cAnpo, be touched any way The Investga
ton wAs from beginning TO end, political matter ADD
the only snected parties whose connection with the
Ia Crosse road had long before tcrmnHei There was
no Intention from the beginning I, the end on the part Of
the legislature TO take any calculsied 10 obstruc
The progress and operations OF the railroad company and
IN no part Of the investigation there contrary dis
position shown. The road going forward rapidly AID
o. soon a. lie position and prospects fully compre.
bonded and the absurd preudees nov entertained re.
moved, the securities Of the company mus, command
prices that will compare ayorably with those Of asy
other Western railroad.
AZ the second board the marke, better throug
Tiers vas an active business IN New York Central an
advafce OF per cent. Ia Crosse land grant bonds al
vsnoed Z per cent Delaware and Hudson Erie, = Hui
Ralrosd, y; Michigan Southern old, X Galens and
Chicago, u. Al the close the tendency was uprard.
This inaaticn cannot be more than a spasmodc move
mept The shorts have done more 10 bring about this
advance prices than any other influence and at the
proper time they win le, the makc, down again perhaps
lower than Il has touched for weeks
The transactions al the Clearing House 10 day we're as
follows
Iohl basnces..s SsJ5aZ ~
The matter Of the presentation al the subTreasury OF
drsft by young man named Ferguson, on which Mr..
Collector schells name forged for $3.50, not
recy stated lie due 70 Mr. Russell, the cashier Of the
Assistant Tressurers Office say. that the forgery
detected at first sight, and that the money not cunt
Cd Osi, ~ ls stated