The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-31

Che session TO o. II is believed that there is III
large short interest in this security In the tock
OF 30 many other embarrassed concernss and hopes
are freely expressed BY tie friends Of thee pro
perties that holders may not be frightened ih'o
making the concessions which the bears require
The business in bank shares was very hghs'
and at last quotations. State securities NeN
firm, st prices last reported; note sale Of the
new s per cent Ainnesotas at the anusuAA price Oh
Jog. This speaks well for the credit OF our young
commonwealth. The market closed firm, without
much business offering.
AT the second board the feeling was better sud
stocks improved a shade. Reading was the most
active of the "fancies,' closing at improvement
Of over the morning prices. After the board there
was decided improvement, and the market closed
active and firm The following arc Kowalski's clos
ing prices:-Pacifc Mail, 9ol; Central $50; Erie,
ISL; Harlem, ll5; Hudson, esq., Reading 49t;
Michigan Central, 62l; Southern "a; do preferred,
46!; Panama, lllt; Illinois Central, Tag; Galena,
S7l; Toledo, $40; Rock Island. 49,; Milwaukee and
Mississippi, 17a; La Crosse, Al.
In foreign exchange there is little or nothing.
doing, the steamer tomorrow not being favorite.
The highest bankers price during the day for Elk.
change on London has been ITO; but we hear of
little business transacted over 109s 1898. The
price for bills on Paris may be quoted at 5.l2; Ham
burg, 36a; Bremen, 79A.
The exchanges at the Bank Clearing House this
morning were sl4,o39,69s 80, and the balances
81 ,O2S IS. The Metropolitan certificates re-
main at 81, 000
The business of the Sub Treasury today has been
| as follows:-
of which from customs ............... las 900 90
Total payments. ACKNOWLEDGEMENTS. 2esStl ~
lotai paiance.. oA$o'oo 20
| The following dividends have been declared:-The
| Brooklyn and Jamaica Railroad Company semi
annual dividend of four per cent, payable on the 10th
| of August; the Bank Of the Republic semiannual
dividend of five per cent, payable August 0; the
| Pepperell Manufacturing Company dividend of $40
per share and the Saco Water Power Company $40
per share, payable August 2.
We read in the New Orleans Picoyune:-
The money market seems 70 have entirely, -
the ira sacons are too insignificant 10 render seroa'
report recess.y An unusual number Of our merchants
and business people have left town, and the leading
thoroughfares present . deserted appearance.
The exchange market shows no variation from yestar
day There limited demand for stariiug 81 1898
loSI and iC9AS is asked by some. There bills Of
lsdipg drafts Offering. Francs rule a 81 10 o. ia,
and the business very limited sixty day bills On New
cent premium, the latter for back checks
The Cincinnati Gazette Of July % says
The Ohio and Mlsspp Railroad investigating Commit.
tee appointed by the late meeting OF stockholders will be
ready report the 18th day OF August next Not only
the bt,csholders but the public a large will await The
pessance Of this report with great deal OF interest rne
committee, u believed, 10 composed Of men who will
shrink from no Responsibility and full, impartial and
thorough report therefore 70 be expected At their hands
The Committee will suppose report first ~ to the ex
tent Of the compliance non compliance OF the contrsc
With the terms OF the agreement This Ia one OF the
points at ISSUE having been alleged by stockholders
the work not performed according II contract
earnings the company since the delivery Of the road 70
the corporation by the contractors has been charged
the earnipgs used partly in building the roat
work that the contractors bound to perform-and
partly the payment OF exravsgan salaries TO
pected With and Interested In the Affairs Of the contractors