The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-28

The new buyer to-day was young house. the bold
ness of whose bear operations attrac ed general re
mark some months ago. Nov the house in question
is on the bull side, aud appears 10 have lost no
thing of its boldness in changing its course.
On the same side, the leader Of the great
bull clique of last winter, and some other strong
operators, wrought vigorously, with such effect that
though we cannot discover any trace Of outside
buying on the part of the public the market i'm
proved generally and considerably. AS compared
with the highest prices yesterday Reading improved
l per cent; Michigan Central, (Which is very scarce
and sensitive to the least increased demand IA per
cent; Galens, a q; Toledo, 4; Rock Island, 4;
Michigan Southern, /; do. preferred, 4; Hudson
River, !; Central 8; Pennsylvania Coal, {. Pacific
Mail was inactive at last quotations. Illinois
Central receded per cent: the current sales of this
stock cannot be regarded any criterion of its real
worth; order to sell depresses the quotation two
or three per cent, and an attempt to buy for
delivery causes like change in the opposite
direction La Crosse is slowly sinking; it fell another
4 per cent today; the bonds also declined a
There was but little done in the general bond or
bank stock market. The only State security of
which any quantity changed hands was Tennessees,
which sold at last quotation. The general market
closed strong and buoyant.
The buoyancy continued between the boards, and
prices still higher at the second board. New
York Central touched Sc, an Improvement of ! per
cents Reoding was per cent better than in the
morning; Toledo, per cent; Rock Island, !; Galena,
!; Erie. l; Canton, per cent. The market was, in
fact, rampant and stocks closed firm aud strong at
the highest prices in most instances. Mr. Kowalskis
last quotations were:-New York Central, $50 Erie,
1876; Harlem, 1ls; Reading 49s; Michigan Central,
Ca Southern, 245 do. preferred, 2sa Panama, 1905
Illinois Central, rs; Galena, $50; Toledo, 800;
Chicago and Rock Island, 79I; Milwaukee and
Mississippi, l7s La Crosse (of which both stock and
bonds declined during the afternoon SESSION., 81;
Pacific Mail, ss}; Canton, 204.
1t is said in the street that this is brokers'
ket, and such doubt it u.s. as yet. The public are
not buying stocks. That is confessed by all the
commission houses. But before coming to the con-
cuson that this market is undeserving Of attention
two considerations must be disposed OF. First, the
undoubted scarcity of stocks, which argues past
consumption of stocks to very considerable extent
by the public; and, secondly, the well known fact
that the public always come a rising market, and
buy after rise. This may be, as yet, brokers'
market; but if the rise be maintained few days we
shall have the public in without the least question.
The business of the Sub Treasury to-day was as
follows:-
Total receipts S2o2u6 %
III when rom customs 1856 900 90
roy io<,1<o ~
--Of which California drafts .............. a. 900 90
bA'snce.. ZoS, 800 3l
The exchanges at the Bank Clearing House to-day
were sl3 304 ,772 81. and the balances $s6297s 75
The Metropolitan certi ,ates remain at &C. 900.
Exchange for the Boston steamer tomorrow closed
duh at shade below last quotations. The bust
ness done was small, aud the rates at which actual
sales were made may be quoted at lO9l on Lonoon;
5l2l on Paris; 36a on Hamburg; 4l3 on Amster-
dam. But little specie will so out from Boston To-
morrow.
The Lenox Fire Insurance Company have declared
a semianuual dividend of FIVE per cent, payable on
the I'd OF August
The proposals fer 100000 of Central Park I'm
provement stock were opened yesterday, and the
entire amount awarded TO John Ward 4 Co., at a
premium Of thirty cents on the hundred dollars.
The rejected bids vsrsd from par to premium Of
q cents. The stock hears interest at the rate OF
six per cent, payable quarterly; principal redeema
bic August 1887 Fifty thousand dollars are to be
issued Immediately, and the remainder in monthly
instruments OF the same amount.