The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-08-15
MONEY MARKET.
Thursday, August l4-6 p. n.


The tendency of prices is still downwards Most Of
the fsnces fell oa fraction Norwich and Worcester
declined per cent; Stoningon Erie Railroad Il Nor
rs Canal farmers Loan }; Canton II; Long Island };
sales OF this stock were made at ST. seller II months
Reading Railroad Pennsylvania 5s u S. Bank and Ohio
81, closed firm at yesterdays prices
The receipts of the Western Railroad, for the week
ending the 9th inst, this year. have been nearly four
thousand dollars less than for the corresponding week
last year
m WESTERN RAILROAD.
o Week ending .fug 9th, 1874. 1876
Lrsss:ehhsers. l85 lloI1 dec LOB
Total. ...........s 2l.Si $ls,7s7 dec. 1874
The week ending August 0, 1884, the large wing
vention held at Springfield, Mass This accounts
for the large receipts from passengers that week
The receipts Of the Reading Railroad Company for the
week ending August 9th, this year. compared with
responding weeks in 1910 and 1884, have increased very
largely.
mr. PHnApELrHls AND EEADIse RAILROAD, ;.
Bus. ;..s..c.;:i 81; ss,is,ss il
This increase is about the usual average.
Our foreign Exchanges in very strange condition.
and the high rates ruling for bills London is the most
extraordinary feature of the whole. With balance in
our favor on foreign trade and very limited ship
ment of specie the quotations range just below specie
point and the smallest demand them up to specie
standard. comparison of quotations with
those ruling last year at this time be considered
fair criterion, our imports then larger and our
exports from the country at large, had been compare
lively limited So far as foreign trade is concerned
sterling exchange should range much lower than ruling
rates, but when take into the fact that
we have been importing State stocks. and
have qeen remtting dividends, amounting than
million of dollars within the last six months, it
accounts at for the high premiums. 1t will
be therefore. that the falling of In the importation
Of merchandise has been made up in the expectation
American State stocks. There is great abundance Of
money in London and the difficulty daily experienced in
investing capital in Great Britain is great that CAPT
talists would be little disposed to part with security
having the most remote probability of being good di
vdend paying stock but there undoubtedly have
many holders Of American securities whose resources
rather limited who having been ovcrtaken with the
railway excitement and to 60 into that specula
ton have disposed Of their stocks and invested
every dollar in some railway company. Stocks forced
into the market the other SIDE in this way have
RENTED to this country for sale and immediate
We have doubt but that many Of the parties making
this change in their investments will regret having done
80, and will eventually find that the stocks Of de-
nquent States, much better than fictitious railway
shares, and will pay dividend much sooner than an
imaginary stock company.
The demand for foreign exchange has opened quite
active and the rates continue firm and pretty well ad
vanced Sterling bills quote ut 10 lO per pre-
MUM. The demand is confined principally to bills on
London There is very little doing other points We
comparative table, showing the quotations for
every month during the past year.