The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-30

when the borrower goes search Of money the former
the rate demanded when the lender has 70 look for
poyment for his means Exchange on Europe for to-
morrows steamer Is very quiet The top rate for ster
ling is no. at which there have been few small ransac
tons. Some bankers bills have gone at l09Z *.
In the stock marketwe note duh day and continu-
ance Of the reaction which began couple Of days
Al the opening Of business this morning args parcels Of
the leading speculative stocks offered for sale BY
parties who have been identified with the rse and many
operators encouraged by the decline price which fol
lowed the supply put out bear and ham
mered the market down. The prevailing impression in
the street. and among the commission brokers especially,
is that the reaction may last lew days longer but that
viii inevitably be followed by upward movement Of
strength and intensity than the last This opinion
rests upon the belief that men will not etthe money le
idle lend il al three per cent per annum, when fair m
teres be obtained by the purchase Of dividend paying
stocks. And il is argued that upward movement,
starting afresh after few days Of dulness would
derive slight accession of strength from the existence
Of large short interest To-day the business done was
smaller than has been the average of Late State stocks
offered lower prices Missouris-of which very
large quantity have lately been put the market-ie-
clned u per cent; one California bond was sold at
decline of per cent North Caronas u per cent
lower vrginas q lower; Tennessees we're
steady. The Government ives Of 1874 were done
at los this afternoon. The business bonds was
light Illinois Centras i per cent, and Ii
Crosse Land Grants lower. Other descriptions
were firm. The inquiry for bank shares was good ;
We note an advance of ! per cent in Commonwealth
shares u per Bank of America, and per cent in
Park shares The largest business among the speculative
stocks, done in New York Central, of which is re-
ported that leading bull realized five thousand shares
the Of the day declined about per cent as
compared with yesterdays closing price This was about
average decline throughout the list. Erie fell oil q
Hudson river ]; Harlem, "a Reading, * Michigan Cen
ua l. Michigan Southern preferred, 1s Illinois Central
"a Galena, IL, Toledo, l. Rock Island al Pacific Mail
and Panama, each about Ia The closing quotations Of
the day were-Missouri, s93s "a Central, s52a "a;
Erie, 1c3s IA Hudson, 32l4 "a; Harlem, 1925 =
Reading, 52is "A Michigan Central, 573s u; Southern
preferred, 531 q; Panama, 100 l2l Illinois Central
Sc ia Galena 7ea So Toledo "a "a Rock Island
671s y; Pacific Mail, lo5 4. The market closed
steady.
The following was the business of the Sub Treasury
day
Iota recep's la,so0 -
From customs. 5000 90
- payments. ........................ .Lo,.io 90
" balance 50, 4o3 ,4l5 81
The exchanges the Bank Clearing House this morning
were sle756 osl o3 and the balances 81 o4e e42 As.
| The New York, Providence and Boston Railroad Com
pany nave DIVIDEND oil cent
| payable on the 4th of November.
the third mortgage and convertible bonds Of
the Hudson River Railroad Company will be paid the
| LIST November at the Office Of the company
The stonington Railroad Company has declared divi
dend Of and half per cent payable the ith of
| November at No. 81 William street
The argument in the Of Bell Grant, the
sgnees of the Ohio Life and Trust Company in the United
States Circuit Court at Cincinnati closed Tuesday
and Judge Leayt expected to render his decision
during the present week.
Holders o Ahssisspp Central bonds requested by
adyereme elsewhere TO present their interest
rants 70 Andrew II. Green, No. 43 Wall street.
The following extract from letter received by Messrs.
w. 7. Coleman Co.. from their Sacramento correspond
cnt, will be Of interest to parties concerned
We informed that the remaining for new bonds
is only about $780, 600 If So II will be exhausted before
the day Of January. When how they will Tx up
matters to give bonds again, is great uncer
tainty.
The earnings of the Morris Canal Company for the
son are follows
Total to oct II, ls57............s243,72 l SO
Week ending Oct "a ls57....... 1850 90 49,
$24s, 3s7 SO
Total to OCT 10, 1858. ..........s2l5,17
Week ending Oct. 70, ls5s....... sO9l 33
Decrease 1858. s24 ST. 81
| Stuck EXCHANGE.