The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-13


Il do prefer ed, (; Pacific Mail l, &C., &c. Reading
was steady, without change. This stock had risen
before Say of the Others under the pressure of pur
cbsses to close short contracts; its holding its
own is no worse proof of the strength of the
market than are the free purchases of Erie and Cleve
land and Toledo. Michigan Central in like manner,
after rising four or five per cent in as many days.
was stationary today, and even fell of shade-al
the investment orders having seemingly been filed
Illinois Central sold at 75A and 49, this is the latest
price quoted, though considerably lower than the
price ruling few days SINCE So little of this stock
is held here that it is peculiarly sensitive to any
sudden demand. We understand that the company
rely the foreign stockholders coming in and pay
ing up their twenty per cent in body. Bank stocks
and State and railroad bonds firm and in good
demand. Missouris rose 3, and were in demand at
the advance. Tennessee skies are again above 90.
Illinois Central Railroad bonds improved 1. The only
exception to the general rule Of rmness and buoy
ancy was the La Crosse land grant bonds, which fell
three per cent closing after large speculative trans
actions, at SOY. The general market closed firm.
At the second board there was good deal Of
activity but prices were shade lower than in the
morning Many prominent operators seemed to think
that the rise had been too sudden. As compared
with the mornings prices, New York Central was
lower; Erie, Galena, Il Rock Island, 8; while on the
other hand Reading improved /; Michigan Southern,
/; do preferred, 4; Cleveland and Toledo, T. There
was little done in the bond market. La Crosse and
Milwaukee land grants, on the publication of the
letter of Governor Randall of Wisconsin, recovered
one per cent Grave doubts are expressed Of the
legality of the objections which this official has in
terposed to prevent the company obtaining the 2l0
sections Of land to which they consider themselves
entitled. Whether the company will submit to the
delay will adopt other measures to enforce what
they deem their rights remains to be seen. The
closing prices at Kowalski's were-Paci6c Mail, 1915
New York Central, SAY; Erie, l9i; Hudson River,
27s; Reading, 46t Michigan Central, 594; Michigan
Southern, 23t; Panama. 104s; Illinois Central, 76
Galena, IS; Cleveland and Toledo, 355; Rock Island
1853, &C., &c. The market closed steady but dull.
The business of the Sub Treasury to-day was as fol-
Total receipts $s?4 os6 20
OF which from customf. ...........".... 10000 90
as,sncs .4o9 $50 80
The exchanges at the Bank Clearing House were
$50 20, and the balances s996,474 sc. The
Metropolitan certificates are reduced to s24 ,OOO-a
decrease of "a 900 since Saturday last.
four days later advices from England. The London
money market is reported without change. The
closing price of consols was $50 $50 for money and
95A a 955 for the August account. From Liverpool
we have Information of the sale OF thirtyseven thou
SAND bales of cotton in the three business days. with
advance of oneeighth of penny per pound on
all grades. The weather was favorable for the
crops. Flour was without change; wheat firm at an
advance of ID, and Indian corn dull.
The following dividends have been declarcd:-The
Security Fire Insurance Company a semannual
dividend of Per cent, payable on demand the
Sta.e Bank 4 per cent, and the Exchange Bank 81
per cent--both of Albany.
We learn from the Philadelphia Ledger that the
Sunbury and Erie Railroad has re-sold the Delaware
division OF the Pennsylvania canals, lately acquired
from tie State, TO party Of Philadelphia capitalists,
for 81, s75 900, payable as follows
Mor'7sge bcncs - per cent. 200 900
Ten monthly payments Of $40, 900, secured by
Ca b. on execution Of the papers. 1900
c,,,, =, -. 49,,
The sale has been approved by the Governor, the
sale completed, and the purchasers have organized
themselves into a company, under the title Of the
Delaware Division Of Pennsylvania Canal Company,
and elected Jay Cook, Esq, President. The Ledger
states that since the completion of this arrangement
parties on behalf Of the Lehgh Navigation Company
have offered two millions Of dollars for the proper
ty-an excess of s225 600 on the price paid
Tie resources and liabilities of the Maine banks,
according 10 their semiannual statement Just pub
lished are as follows