The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-04

10. 40 rs, 90 mortgage, 1885,. 60 81
Panama rs, lat mortgage bonds, 1859. % IS
P.nnsylvsni. Central 81; arst mort, 1850. 50
The Times of Friday says
In Aoercan securities there . reduction in Illinois
Central the final price being % q discount actual
LIMOS ls, 81; do shares, q 70 discounts New York
Central shares, 76k.
Barring Brothers say
In American stocks there been very little business
states BONDS 1865 have been placed At 1o and at tia.
price there would baby be buyers for more Some
Central Railroad bonus LIST mortgage, have
here been sold at SO co. and Of I'd mortgage 49, I'LL
nois Central shares have been placed a. 2s discount.
Some Massachusetts, sterling SIS bonds offered .. 1903
bonds SO, Inscriptions 4 TX, both eI div. Virginia
dollar and sterling 81 81 Boston City ~ per cent
Oanad. bonds, li3s; Nova Scotia and New BRUNSWICK,
1o6h.
G. F. Satterthwaite says
Money during the week has become more easy. Con-
sos nave improved to 90, closing at 9b 70 e3 tor money
and account
We have had an improved market American railroad
securtes, especially bonds many l0ts which have
Gently been the market have been cleared Off
and some Withdrawn; the demand is chiefly those OF
have been considerable transactions in Illinois shares, at
prices ranging from 2s 70 rs dis. =.
A meeting WAS yesterday held Of Illinois Shareholders
which was numerously attended, and at which large
amount OF share capital represented Aftf conoi1er
confidence in Ultimate results whilst others were
less faneune yet most deprecated the policy which mad
rendered peedful 30 sudden and so large call.
The Stock Exchange continued 't6 be generally
dull and depressed, with but little excteGAnt in any
security except Reading. In. this the contest be-
tween the bulls and bears is now narrowed down to
fight between one house and the street; and out
siders, judging from experience are concluding that
as usual, the many will turn out to be wrong. Ger
tain it is, that notwithstanding the ardor Of the
members of the board to SELL and Notwithstanding
the occasional reactions the tendency of the stock
generally is upward 1t was of this morning a
trife on the second call, but less than might have
been expected from the recent rapid rise, and not
enough to superinduce any dulness in the stock
Panama continued to be in good demand at yester
days highest prices, closing even quarter higher
than the closing quotation yesterday The rise, as
has been mentioned, is predicated on the supposed
increase of business to result from the establish.
ment Of a new Cunard line from Liverpool TO
Yancouver's Island, by way of the Panama Railroad
Pacific Mail continues to decline with rapidity only
equaled by its previous rise. 1t seems that besides
the grounds for a decline which we mentioned yes
terday, dissatisfaction on the part of many stock
holders with the policy pursued by the management
is inducing them to sell out their interest In the
general railway market lower prices prevailed. New
York Central fell 4 compared with last evening;
Erie, Il Rock Island, per cent; Michigan Central
i; Michigan Southern, Z; do. preferred ); Nil
waukie and Mississippi per cent Among the State
securities, Missours the only which showed
any activity-they were without change in price La
Crosse land grant bonds steady, with moderate
sales.
After the board very little was done, bat at the
second board there a slight improvement in
most things. New York Central improved Rock
a. a..
chief point OF interest but neither party seemed to
have much the advantage of the other The follow
ing were Kowalski's closing prices Pacific Mail,
s3l; New York Central, So: Erie, IL; Harlem,
III Hudson, 2sl; Reading, 501; Michigan Central,
GIT; southern. 2s1; preferred. 45i; Panama, ll4a;
Galena. sci; Toledo 1856 Rock Island, 5Gl; Milwau.
kie and Mississippi, 49,; land grants, 24i. The
market closed unsettled and irregular.
The report of the Ia Crosse Investigation Com.
mittee was made this morning to the board. II
eSonerates the directors. The following passages |
contain its gist:--
That the Ia Crosse Company no, 10 funds TO pay
,aid interest from the income ui the road; bat that
tcrson Of the carly Completion OF the ROAD to Ia Goose
City, IRON which tune tbe estimated receipts conf
IDENTIFY peced 10 the interest upon oil the indebted
nss Of the company the directors had under ken 70 bor
roe Tor The purpose Of ing interest four
millions Of and grant bonds, being the amount sued.
Tia. appeared evidence before your committee that
N nav 80 d Ss,ass m,sc,be sa5 Coo m .uns go.
ing from so 70 " 5oo towards such interest ADD thate
,ss ~ ps,sbso,ss 81 eo, e,sccr os ,bs s,nl
ny Tnt parties thus subscribing were 70 he secured
by third mortgage bonds Of the company and BY assign
ment Of The coupons ~ 70 be paid fhu about The time
Of the contamination OF this agreement many holders Of
these bonds were day making inquiry at the OF Of the
company. to the posi- billy Of Of Interest,
and were urgent that the officers Oh oud advertise early
a. possible that the nterest would be paid,
Ton that ths would arrest the decline price, wei
give greater currency 10 the bonds negotiable
curly That inf oebced by these consideration tire a.
reetors they e assured thai the Interest fund
subscribed, did good faith direct the advertise
ment Of the intention 10 TO be published. Thai subse-
quent ~ suc publication the party rgreeiog sdvsnoe
the balance OF $4,000 above stated induced BY
copeidera atone " rocede from subscrpt5
aa