The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-23
FINANCIAL AND CONNER clAL
n ON EY - A n x r r.


whole, towards better prices. There was quite
rally this morning on some Of the speculative rail
roads which have been too freely sold of late Ga
lena went to 90a, rise of T. and Rock Island to ia
a rise of per cent as compared with the lates, re-
gisteTed prices yesterday. BY reference to the
stock records of thirty and sixty days since 1t will
be seen that the amount of stock in these Western
railways which was then sold short, and is coming
due about this time, is very large indeed. or Rock
Island for instance. of which only 900 shares
Issued, il is understood that the bears win have
TO deliver between eight and nine thousand within
few days. New York Central has been quite as de-
cidedly oversold. 1t opened this morning at $50,
but declined to ~. The improvement in Erie is
equal TO o per cent.
We learn by telegraph from Cleveland that
tie Railroad Convention held there last even.
ing, decided on making the through passen-
ger rates from all points the same as by the
Erie road and freishts dollar per ton less than
by the Erie--to take effect on Monday next. The
Western roa6s not fully represented. The
meaning Of this is that al the rival routes are going
70 make war upon the Erie; with what success time
viii show. In snch a contest the travelling public
IL likely to he the greatest gamer. II is under
stood that the demands Of the Erie are narrowed
down TO a bonus Of two three hundred thousand
dollars year from the Central as the price of alb
staining from running through train at half cost
This is about tie sum which the Erie viii require TO
pay its September interest: and unless the Cen.
tral should submit TO the exaction, the pros
poets Of the mortgage bonoholders cannot be
regarded as particularly bright. The idea Of
getting the Central TO pay the interest on
the Erie bonds will commend itself for It's inge.
nuty. The general market, az usual sympa.
thized with the leading railways. Reading was !
better; Hudson River, u Harlem, 4; Michigan
Central, 3; Michigan Southern, !; Illinois Central
a 4: Cleveland and Toledo, q: Milwaukee and
Mississippi /; Pacific Mail. per cent. We note sale
Of Gardner Gold at + and Of Cumberland Coal nj
l7s. Doubts expressed as 10 the geDuineness Of
this last trsrsoeion; If Il sham SALE but little
can ie gained by IT,. Nothing IL farther from the
intentions Of the public than TO have any lot part
with the 81 qre whose touch has withered Hudson,
Canton, and Cumberland. The usual 200 Nicaragua
were sold at lat quotations. Among the bonds
Tennessees and Mssoures were active both at a
slight advance. In Crosse land grants also rallied
per cent. The market closed firm but inactive, the
busiress being wholly confined 10 brokers.
The frmncss continued throughout the day. and
at the second board further rise was realized.
Rock Island was a better than at the morning
board; Galena ! better; Central 1; Hudson River.
4; Harlem, D; Reading, 4; Michigan Southern. I;
Cleveland and Toledo, 4. There was more business
done IN Western shares than usual though the feel.
ing was tame at the close. Pacific Mail again rose
per cent closing st 30. strong. kessrs. Grocsbeek
Hoyt's closing prices after the board were: Cen
trial. $50; Erie, lsl; Harlem, III; Hudson. 2s,;
Reading, 45l; Michigan Central, 5ei; Michigan
Southern, 23l; Panama, 1865; Illinois Central, 96I;
Galena, 90i Cleveland and Toledo, 37l; Rock
leland, 77i, &c.
Tie business Of the Sub Treasury today was as
fonows:--
OF ebch from customs $4,000 60
Total rsynerr... ..........,....-. qe,leo IS
Baarce .........t. .......t,l n eos "a
The exchanges at the Clearing House this nom.
ing were slG675 .Oss Gl, and the balances sll4s.
7G4 le The Metr politan certificates are reduced
10 $1,000.
Tic following information en- The dry goo trade
rs from the Jndtpndni:--
Trere " some lpo'pient uovtmop, IN ibs market bus
move euh regard 70 domestic ~ imported goods The
sorkb,'ers os tte Bey State Mills have deciced The
,y,Ss NE Ompsy W sUss s o. sOs C,'syh
~ he tbe opening OF the fail seascn. There fair Go
ard for tisple Gotten, vbob commtnos steady prices
n cree, o. pbch the supply II Increasing Foreign SIX
eoocF, Ct 'sroy styles have been imported rather more
ffety q late and limited demand exists, hardly euf
tonIt b, vostr 10 constitute opening Of trade for thc
sessCn The orth Ia generally beavy month for in
pors1 g. ccs but this season the mportpous are very
i'gh'. rrd composed m1'ay of desirable Foods |
Many toycver Of tto goods hsve gone into public ware.
lcuEts.
The following dividends have lson dcclaIed:-The /
halfy carly dividend If TIC Exchange ire lnsuancc
Ccmiary \ r,I cent, payable August 2; the TX. |
ceisior Fire Insurance Company dividend Of seven
per cent, payable on demand.
The Trenton Imo'con Of this morning states
hat process bas been issued from the Court Of Chan
cry, Of New Jersey, citing the officers Of the Bank
+ Trade, ard the Ocean County Bank, at Toms
river Of the Stock Security Bank and The Bergen
'ounty Bank. st Bstkensack Of The Merchants
'srk. az paterson, ard o. the hrfizan Rank. az
-tnrfcn 10 nrrear on ThnIldaY The 10Th Inst AZ