The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-23
FINANCIAL AND COMMERCIAL.



The stock market looks SICK In spite OF all the efforts
Of spectators for RISE and the support Of large holders
prices weak, and there disposition into
new contracts Those actually made literally forced
out by the bears, and taken the other
aide simply for the purpose Of sustaining the market
Speculation for the decd and we see nothing In the
financial horizon calculated 70 revive Il. Al the drst
board to-day Illinois Central bonds declined per cent;
Ia Crosse land grant bonds, u; New York Central Rail
road, y; Cleveland and Toledo, q Chicago and Rock
Island, y: Milwaukee and Mississippi Railroad, ~ The
movement in Reading has fairly broken down The re-
ported scarcity OF stock nominal and the OF
weak CON naon The shorts labor under apprsnen-
sion, and disposed 10 put OF. contracts even
the shortest time. difference ~ half per ecu. 10
made for ten days. The party concerned in creating
temporary scarcity Of stock have perfect horror of
time contracts, sellers option bet compelled 10 taks
thsm 70 prevent the collapse in prices which would
surely follow refusal. Cleveland Toledo vas loser
today and In the face of the last report event
not at all strange Whatever lingering hope s.ockhod
this company might have entertained regAra
ure dividends must have been entirely destroyed BIZ the
financial exhibit just made The contest going on between
the Erie and New York Central railroad companies may
be death 70 the stockholders, but fun for the public
The longer this nght continues the better for tho c, a
nifty n large. The modesy Of the made by Too
Erie Company excecos thing i twepty Ave houasnd
dollar President has before attempted. He pro
poses that tho passenger business roads be
and divided equally between the two compaacs Tois
about cool piece Of modern management az We have
for long time. . reconciliation and srran cement
depend upon the New York Central Company agreeing 70
this plan strikes thai will be long time be ore tho
In the meantime travel 10 and from lho
West viii be cheap. II Is tia, the 6aleaa ana
Chicago Compsny's August dividend will be three and
half per cent For some days past ths road
brought Chicago large amounts Of produces but
its travel and raHc VESTS comparatively oothug The
Ia Crosse land grant bonds quite active cay bu.
prices fraction lover than the close yesterday
II h semi officially announced that Angus, cou ,oas
viii be promptly paid. Among those best postcd in rela
ton 70 the position and prospects Of this company no
doubt on ths subject entertained but anoas
the outside public where ignorance and preudces have
bad their full effect, the utter and complete bankruptcy
Of the company considered matter Of course For
tunAey for the PARTIES interested the resources Of the
road have failed and future clear enough 10
satisfy ali that there will be Delinquency on s bond
I'd Indebtedness under eooi management The stock or
the Pacific Mail scamshp Com pany flies about strangely
1t IL Of the most senitve securities the market
The slightest breath Of favorable or uufavorabe cha
rscser will initiate depress prices and three per cent
In a. many hours
Al the second board the market vas dull, without M
tsraI change prices. Illinois Central bonds dscoed
!. per cent In Crosse land grant bonds, Y; Erie, "
Michigan Southern preferred, Reading alfosi closed
weak