The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-26
FINANCIAL AND COMMERCIAL.


MONEY MA r. X EFT.
FRIDAY, June 25-eP.M.
The stock market continues quiet The advance OF yes
terdsy sustained in Of the leading specuasvss
The conflicting s'emcpts regarding the next dividend Of
several Of the Western railroad companies keep stock
each running up nd down, the reports are iavora
bic unfavorsbio II will not be officially announced by
any Of the doubtful companies what their intention
until the aAt moment previous TO the payment or non
payment II is stat that the Gsena and Chicago
Railroad Company will not pay three and half per
cent August, nd will he compelled to borrow portion
Of that This stock fell of TO day per cent In other
stocks the hanges were follows Chicago and Rock
Island declined per cent; Michigan Central Railroad
Hudson River Railroad, II Pennsylvania Coal Company,
NJ Hudson River Railroad third mortgage bonds Pacific
Steamship Company advanced u per cent; New York
Central u; Erie, y; Reading, IA Nil waukie and Mssis-
sippi, u. Cleveland and Toledo active this
morning. but not sustained to the close The Reading
Clique makes very GLOW progress The principal opera
tors in the clique referred TO several large holders
in Philadelphia, who would like very much 70 get rid
Of the load Of stock they have been carrying long
They know very we'll thss is much dead weight and
nxious to get somebody else carry the burden
This clique will ultimately break down or others have
BEFORE in their efforts 10 initiate worthless railroad stock.
The decrease business the Reading Railroad aresdy
| shows . great deficiency In the net earnings, that
will add at least half . million Of dollars TO
the hsatipg debt New York Central was steady
today, but not 1t all active. Erie was dull.
Michigan Southern old stock, fell of from tho OPEN
ing, snd closed heavy Chicago and Rock Island looked
at the close yesterday, though permanent improve
ment in prices about being realized but this morning
opened heavy and closed decline of x Der cent on
the prices ruling after the second board yesterday The
strong assurances in regard TO the October dividend
d. L.
road stock advanced per this morning on the sale
rs shares few years since Sixth Avenue Railroad stock
touched points considerably above those nov current
ana II likely to 60 even higher under the present man
agement Considering the future Of our city railroad
compsn MEG, their stocks are selling very low.
AT the second board the market was heavy and de-
pressed Missouri state skies declined q per cent New
York Central Railroad, n Reading, ~ Michigan South
ern preferred ~ Galena and Chicago ~ Cleveland aud
Toledo, &; Chicago and Rock Island q. After the board
all the leading speculative stocks freely offered at
the printed prices. The extremely hot weather has IN
doubleday some effect in depressing prices.
Ths Assstsn mt Treasurer reports to-day q follows
Iosai receipts. $99,bsb 2s
Los~i Psymon0s PI,24b 81
ASsAi oaisnCe.. 7,49e,S4S IL
The receipts include $50 900 from customs
The exchanges at the Bank Clearing House were light
TO day, amounting to only sl3 66S 1853 "a, AMI the
balances were sa6s,277 81 The Metropolitan certificates
remain at sac, 900.
The closing quotations for sterling exchange for remit
lance by the Arsgo from this port for Southampton and
Havre to morrow Saturday were % OK per cent
premium. On Paris, ST. 16J4 a 81 13Z
The City Comptroller invites proposals for $500 900 of
Central Park improvement stock In shares of 500 each
bearing interest at the rate of six per cent per annum
payable quarterly, and the principal redeemaole August
1887 The bids will be opened Monday the 26h Of
July, at two o'clockP. n
The New Amsterdam Insurance Company has declared
semi ANNUAL dividend Of eight per cent payable July L.
the Bank OF America, OF this city, semi annual dvi
dend OF three and q half per cent, payable July
the Western Massachusetts Insurance Company. OF
Psfeld, semi annual dividend of ten per cent payable
July the ManufActurers' Bank OF Troy, semi
dividend OF four per cent, payable July L. The Bridge
port Bank has declared semi annual dividend Of i've per
cent The Southport Bank has declared dividend Of four
per cent The Bank Of Norwak has declared dividend
OF three per cent-a,l o. Connecticut
new bank hes Just been organized 10 Richmond, Viz
GINA chartere. by the .,st Legislature Its min
mum capital rs fixed at $500 ,occ, aud its maximum a,
100000.
at Providence on Tuesday the print works OF Philip
Allen Sons sold auction for sia 800 The estate
was frat offered in two lots, the largest at minimum OF
s75 COO, on which here bid. The whole vas then
put up together al sllooo and bid off al sl2 500 to
the woonsocket Company The principal competitors In
the bidding A. ". sprague. The whole cost Of
the works was not less than COO.
The valuation Of property in the city OF Bur
o for the year 1858 snd the year previous compare as
follows -
Real estate 80. $40 35T cal go, $50 Inc ,oso