The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-29
AND CONNER GAL.


Cons. In New York Central the transactions we're
particularly large, principally for cash. In Reading
there was considerable business, at improving
prices. Cleveland and Toledo, Michigan Southern
and Chicago and Rock Island were in demand, and
closed generally at an advance. At the first board
New York State SIS went up per cent Missouri
6's, l; Delaware and Hudson, 2; Pacific Steamship
Company .; New York Central Railroad, 3; Reading,
/; Michigan Southern, preferred, 2; Cleveland and
Toledo T. Illinois Central bonds declined per cent;
Erie, a Illinois Central Railroad, s. The operations
in State stocks to-day were large, at an advance.
There il, beyond all question, much better feeling
"a, the money market. The banks tull of money,
xu, dare not lend il commercial paper. The
xc, dps business of our banking institutions just
now / 5 turning over renewing and arranging in
t]ifsrer. WAYS their protested paper. The banks
never q, ant extensions, but they renew paper,
either tho whole in part, and keep il alive with
NIL tho sddA iona security they squeeze out of
s,,a makerso endorsers. A good deal Of this &C
ron,mosation has been extended, and it appears to
Ia the nrevsjli, q disposition, both inside and out
,;de the hanks. grant all the necessary facilities
for q satisfactory adjustment. Most OF the large
bo.ses which bav. suspended merely ask an extern
zion. generally Of 81. twelve and eighteen months,
ana we have heard OF but very few cases where 1t
has not been freely ransea' Ihis Is the ngne
spirit. Mutual forbeara nee and support In such
times ia a virtue. and we are glad to zee it
30 universally practised we are PLEASED 70
zee that there are very fN men in the commu-
nifty disposed to press any cA um oy htlga'on' ana
In every instance where cA 70 nairo~ nauou'
mean, misery man has forced n mands INTO JUG
'1nent he has been marked, and WIN nno n'te iasoi
-ahouId the revulson force him into dA cuines' ms
city Is, probably, free from thia "a'' u INC.
charts as any othe- IN the world, bm "e ns's
heard of where al consideration on a. 'ous
the general prostitution Ct credit and almost N.'
latou Of values appears tchave been lost sigh %
and the utmost rigor OF the law made available "
force payment to the exclusion of the rest of tn.
ceditors- These are, fortunately isolated cases.
The greet bulk Of merchants gene rous libe-
raj minded men, and are the lac. in the world to
Cypress the unfortunate, to place any obstacle in
the why Of recovery from individual, moarrassment
At the second board the market WAS active, and
closed steady at advance. Missouri State 6s i'm
proved per cent; Virginia SIS, Al; Pacific Steam
ship Company, IL; New York Central Railroad, u; !,
Erie &; Reading, 2; Panama, 2; Illinois Central
Railroad. 81; Cleveland and Toledo, Ii Chicago and
Rock Island, 20; La Crosse and Milwaukee, ]. The
operations were principally for cash.
The steamship Persia, at this port from Liverpool
Her advices are important both financially and com
mercially. The most interesting items of news are
the movements Of geld. Large arrivals from Aus
trslia we're reported London, and the Persia
at this port brings si ZOO, 900. The closing quo
tations tor consols were $50 $50 for money
The dem1nd for money in the market was not so
active, and nothing more appeared relative to a
further increase in the rate Of interest in the Bank
Of England. Several new failure, were reported
hat none of much magnitude or importance The
Cunaro steamer from Liverpool to Boston, the fol-
lowing week, would, It was expected, take large
shipment of gold. We may expect, for time, remit
tances OF gold by every sscaamer from Europe.
Engagements had been made for freight for |
f400 ,O60-part of which came In the Persia. The
cotton market was dull and declining. Spinners |
have considerably restricted their purchases and, of
course, reduced their stocks. In breadstuffs no
change is reported. The markets were very dull,
without any actual decline in prices having been
realized.
The Assistant Treasurer reports today as fos
lows;-
Io.,l receipts. ss3,ee? ~
- neA@ sA1o "
BAAnoo. 6SI cal %
Albert Il. Eicolays regular semi weekly auction |
sale Of stocks and bonds will take place tomorrow
Thursday, at hahpsst twelve O'Clock, at the Mer-
chants Exchange fbe list of securities viii be
offered, including State, city and railroad bonds;
also bank and insurance stocks, among which are {
Howard, Peoples, Corn Exchange aud Clinton In.
sursnce companies.
The coupons on the bonds issued on the LIST of
May, 1866, by the city of hlwaukie to the Milwau.
ke and watenewn Railroad. due on the LIST Of
November, will be paid that day at the Ocean !
Bank la this city,
- .....ua -, A. .uuasu...., -, us a.,
city Of New Orleans and the bonds issued by the
city to railroad companies, payable in New York
on the LIST Of November, will be paid on Monday, Y
the I'd, at the Bank of America, in this city.
There was little more activity in sterling ex- !
change to-day and higher rates ruled. A fist class
drawer purchased about half million of dollars of
bills. which stfened prices. This house Is now ask.
ina LOG Der cent. The steamship Asia, from this
oort for Liverpool to-day, carried out 100000 In
.rold The shipment was doubtless made to protect !
bills preyiously drawn. Small amounts Of gold may
no over by every steamer for similar purpose. Par
Ties who have drawn bills on their correspondents In
London are apprehensive that some difficulty may \
ccur there In the absence Of means, and have there
fore deemed Il prudent to provide against all ooutn
gences. Ii is somewhat extraordinary to see the 9
gold going and coming 10 and from the same ports !
"A very great effort will undoubtedly be made
10 put up exchange by the Anglo-American bank !
ing houses here TOR the purpose Of putting stop,
possible, to the expectation Of gold from England to
che United States and they will not stop at any cost
They viii ultimately succeed in so doing but not
until several million OF dollars have been poured into
pur banks from the vaults Of the Bank Of England.
They may at no very distant day arrest the current
setting this way, but we do not believe the power
exists 70 turn the current against IA until large sup
piles have reached our markets. The remittance by 7
Abe Persia gives us million two hundred thou \
sand dollars. The California remittance Of October
9th Ia about due and will doubtless be al hand this