The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-06-15
FINANCIAL AND COMMERCIAL.

SOMtWGNOtNSs
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THURSDAY, June, lA-sP.h.
ny ~ arrival of the Niagara st Halihx We are
p"-ced in possession Of the London market reports
T. the % inst. Money continued In easy supply st
little under the bank rate. American stocks we're
inactive, but the quotations show decline Of per
cent in Erie and Of per cent In Illinois Central
shares Cotton was dull, with tendency TO weak
ness. Breadstuffs were quiet and unchanged. The
closing price of consols was 9lI IS for money and
the account. There was no improvement In the
rates for money at Hamburg and Frankfort, where
it is still Offered at IL and per cent per annum
The steamer Saxonia, for Hamburg tomorrow,
will take out about 100000 in specie, while the
shipments fy the Vanderbilt and City Of Baltimore
on Saturday viii probably reach million. There
Is no alteration in the rates for exchange the de-
mand being chiefly for bills on London at 1904
1904. Money remains unchanged. Tho following
is the business Of the day at the Sub-Treasury:-
-rvf customs. $4,000 90
Balance ......'.,............. az 900 -
The downward tendency Of the stock market
continues, and with the exception of Michigan
Southern, common and guaranteed of which
4
lower than yesterday. The largest decline of the
day has been in Galena, Michigan Central, and
Erie The former opened at 81, fell to Ga at first
board, and to 81 at the afternoon session, with
moderate Sales closing at 81 bid, against 60 bid at
the close yesterday. Michigan Central opened at
SOFA decline of l-sold down to SOL in the morn
ing, and dropped to 492 at the second board, at
which price it was offered at the close The lowest
registered sales of Erie were at 1884, but It was offer.
ed at the close atl73-making decline for the day
Of per cent The transactions in New York Cen
trail were very limited at first board At the after.
noon session it was more active, but the price
remains steady at S5a s5t. Illinois Central
fell off to Gil at the opening, but recovered to GIG,
and closed at yesterdays quotation. Michigan
Southern, guaranteed and common shares, with few
sales, are both higher. For the former rs is bid
at the close, being an advance of II per cent The
improvement in the common stock is per cent.
Chicago Burlington and Quincy is per cent low
er; Rock Island, 1; Reading, 1; Harlem, common
and preferred, !, and Pacific Mail, l. Hudson River
and Toledo are steady. Delaware, LAckawanna
and Western advanced to %.
The business in State stocks was on Q more
moderate scale, and prices are unchanged We hear
Of some large transactions at private sale in United
States ves, registered stock Of 1874 at l02, exin
tsrest after lst July. Brooklyn City Water Loan
sixes advanced to l04l. Railroad bonds continue
firm under the demand for investment. Galena and
Chicago first mortgage sevens advanced to 49, and
Lackawanna and Western frsts to SO. Par was
bid for Chicago and Rock Island first mortgages,
and for Delaware, Laskawanna and Western
seconds, without leading to any transactions.
Chicago and Northwestern first mortgages were
sold ct b3-s rise of per cent since the last SALE
At the second board prices were lower, with the
exception Of Michigan Southern, and the market
closed weak at the following quotations:-Ten-
nessee 6s, OF 90; Virginia IS, s3A 81; Missouri
6s, s43 . q; Canton, 20i 81; Cumberland Coal,
IL als3; Pacific Mail, 9oA . I; New York Central,
sli 4; Erie, IL . Z, Hudson River, AZ I; Hsr-
lem, IL Z; Harlem preferred, 37a 3s; Reading,
l02 81; Michigan Central, 492 . I; Michigan South
err and Northern Indiana, l2i . 10; do. guaranteed,
2Sal Panama, 1884 .; Illinois Central, sll al;
Galens and CHICAGO Ella :62e;essyA Z; tEfJsso,
Burlington and Quincy, IA !; Illinois Central 7s,
slissli.
The following dividends have been declared -
The Boston and Worcester Railroad Company, a
semtannual dividend Of four per cent, payable
July l; the Douglas Axe Company, a semiannual
dividend Of six per cent; the Goodhue Fire In
surance Company, dividend of six per cent, pay
able on demand; the Union Bank of Rochester,
seuiannual dividend Of four per cent, payable
July s; the Traders Bank and the Rochester City
Bank, sstannual dividend Of per cent paya.
BILE In July.
By virtue Of decree in the United States Dis
trict Courts, obtained by the holders Of the third
mortgage bonds, Mr.. Charles B. Hall has been ap-
pointed Receiver Of the Milwaukee and Chicago
Railroad, with authority to operate the same.
We call attention To the advertisement In another
column, In regard to holders Of land grant bonds
Of the La Crosse and Milwaukee Railroad.
The following Is the May statement Of the Balti
more and Ohio Railroad