The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-03


do DO secona mort ssg... 50 20
The attendance at the board this morning was
even thinner than usual on Mondays. Many prom
nent operators absent and the want of outside
orders was the more severely felt in consequence
with the exception of Reading there was no activity
in any of the "fsnces' and general decline in
price. Reading, on which bulls and bears are con-
centrating their attention at the preseat time, is
being actively bought chiefly, ii is understood,
for Pennsylvania account, asst is freely sold by the
operators of Wall street. Should the current stories
prove true about renewal Of purchases for British
interest," the bears are likely 10 suffer severely The
rise this morning was equal to ! per cent, with
large sales; the stock closing firm. Panama
likewise continues to improve. There is little
stock in the market and the prospect of increased
dividends from the traffic TO be brought into being
by the Frazer river excitement stimulates the de-
mand. 1t rose two per cent this morning. Most Of
the other stocks dealt in were lower Prominent
among those which declined was Pacific Mail, which
fell TO So and closed very heavy, with sellers but no
buyers at that figure. This is equivalent to fall of
i've per cent since Friday. Among the causes which
are assigned for the decline the certainty that
Vanderbilt has not got the Nicaragua Transit grant,
and the possibility that it may fall into hands that
may use II the announcement Of rival line
on the Pacific, &C., &c. New York Cen.
trail was lower; Michigan Central !
Gaena, 4 Rock Island, 4; Toledo, Z; Milwaukee and
Mississippi per cent; Harlem, I. There were about
200 bank shares taken this morning at last quota.
tons. Among the State securities the most active
still are the Missouris which, like the others, are
without change in price. Illinois Central bonds
"a =
said, by foreign demand for investment. La Crosse
land grants were steady at the highest prices of
Saturday. The committee appointed by the board
to investigate the non-payment Of the August int
rest had meeting to day, and will probably shortly
report. The report may possibly suggest some nqui
ry into the policy of such investigating committees in
the Board of Brokers' II is not universally understood
that that board is the general superintendent of
the financial institutions OF the country at large;
nor are all its members aware Of the responsibility
which such superintendent would of course in
volve. IF the Stock Exchange be, in reality, tr.
bunal exercising concurrent jurisdiction with the
city Judge over financial frauds, the public may be
expected TO demand some changes in its constta.
ion such, for instance, the opening Of its doors
10 reporters.
The market was n shade lower, and rather heavy
in the afternoon, with the exception Of Reading and
Panama. The business done light Reading, as in
the morning, boingthe most active Of the stocks dealt
IN. Pacific Mai opened with small sale at
an advance over the morning price. but speedily fell
back and closed dull at sIA s.. Panama rose,
with large sales, 20 ll5, an improvement o: per
cent since yesterday. The closing prices at Groes
beck g. Hoyt's wore:-C Central, SAG O ?; Erie, ISL;
Harlem, rs; Hudson, 1885, Reading. 5li Michigan
Central, Gig; Southern, 2s4; Panama ll5l; Illinois
Central, "a; Galena SO Toledo, s7l; Rock Island,
al La Crosse, A. &c The market closed soft.
There Is hardly any demand FOR foreign exchange.
The highest holders are asking lilo a 1881 for ex.
change ON London, but they are not selling any par
GELS above the loves. rate. Paris may be quoted
SIS OIL; but there is very little business doing.
The Wednesdays Cunald steamer will probably take
ont about three quarters OF million OF specie; over
100000 are already arranged for.
The following was the business Of the sab.Treasury
10 day
Total receipts s3s2,3 20
OF ~hich from customs ............... 2.3,100 %
Pay meru.. 25o8s3 AZ
excots %
The exchanges at the Bank Clearing House 10 day
were SIS 2si 1893 %, and the balances 81 25 $40 So
The Metropolitan certificates amount to $1,000.
Mr.. Nicolay sold 70 day at auction twenty-five
shares New York and New Haven genuine stock at
SO, and thirty-scycn shares repudiated at 81 per
SHARE. This is the first fair trial Of the genuine aud
fraudulent stock tcomparcd) since the over issue.
The business OF the Reading Railroad for the six
months ending June 80, was as follows
1855 1885,,
Received from coal. teoll7l II l,2cls7e as
Eecsve from merchandise. 1890 II 2ro23l II
Received from travel, &c 1853 s3l 81 1909 IA
Tossl ,13e,s10 % l,1se6 &7 %
Trsrsporfafion. roadway dump
see, renewal fund and all
chrges s2o,6lT . qt3,2s0 oe
Ne, profit 70 June 3o....... s5is3S ~ 7sd 36' ~
While The revenues from coal have fallen Off more
than n'typer cent the loss on merchandise has been
but about sixteen per cent and on passenger travel
only about eleven per cent The reduction OF ex.
penses during The same time was nearly thirty three
per cent. The net profits Of tho half year are
s51g .3js against s7sG,367
Governor Brown. of Georgia, has issued hs proca-
nation, stating that the following banks have re.