The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-07

- - "a psysois seol snnsany On Ne first days
"a sS q. % .:S;,sS Ss'S q ..s ss ss
(. g: p -. g 81 ,.s.ss SspSs.sd :ss;sss Q
= ss 49, q .. e q ~. s. s,1 s w
:SS NJ. De b n Al ths bids must be unconaoo
1rs.is. :srss srs % dos % 0's' and mus SAFE mo
The sss Ss s be en- & On the oS q
sssssssy q he treasury, Ws.SinSoe q The saas
- S. Sss' sac.
rom Sss Within n ss ss
STATES hey v be required odeposi'e the ps and
Plladsiplis o. New orissns
payable he suosssa o dsrs or bearer WITH coupons Of
sent n.ares rom the LIST Of january also
Of ne :s,sp.sa o,s sDS9 ne Ssgoss 2 he
hes Of he United sts.ss The stock viii IN .: cases. bear
interest from the ds.s Of such dspose The interest from
bidder hs attorney By shs dspoAsy WHARF the dspOss
bidders win be required odepoate the pr,crsi
and premium of their accepted bds before the first day
cent WIN e nmsdiAsiy directed to e hs nu'
Secretary OF the Treasury
II is Of course impossible to discover the rates at
which most of the tenders will be made Some par
ties are understood to have sent in proposals, for
small amounts, at as high premium as seven per
cent; Others again especially among the foreign
houses-talk of lO2 and 103 as likely rates. promi-
nent street operator is Offering 105 for any amount;
but of course the Wall street operators hardly
feel inclined to sell the stock before it is known at
what rate it is disposed of by the government.
Under the circumstances, considering the demand
that will exist for this stock for banking purposes,
for savings banks &C., and the cheapness of money,
it would not be surprising if it commanded full as
high a premium as i've per cent. 1t also seems
likely that the foreign houses, which said to aim
at obtaining the whole of the loan, will not be sue
NJ <ba@s xaJ
the public at large.
The success of the telegraph cable may impart
such an impetus to business as to verify even the
very sanguine hopes of the Treasury Department
with regard to the revenue from customs. Coming
simultaneously with the discoveries on Frazer river
it certainly will chance Of creating an excite
ment in business circles. At any other time it would
be safe TO predict speedy and general initiation at
the present moment the general want of confidence
existing among merchants is calculated to retard the
effect of the inspiritng causes which so happily CO.
exist. Still confidence is plant which, in this
country, is apt to grow quickly; it would not be
surprising if, should the news of the telegraph
cable be confirmed and should the communication
be perfect, business revived much quicker than
people generally expect.
The Stock Exchange was dull and quiet this
morning. The New York Central dividend had
been expected by many to prove the signal of
better time and more speculative purchases; but,
as often happens, parties who have been carrying
stocks for some time avaled themselves of the occa
sion to sell out and the market declined under the
burthen. AT the opening prices were maintained at
the best figures Of yesterday. New York Central
was shade higher, and Erie was firm. But as the
Western railroads were approached, a change took
place, and concessions were made by sellers in al
most every instance. Galena lower; Rock
Island, }; Cleveland and Toledo, &; La Crosse, 4;
Michigan Central, per cent; Southern, :, &c.
Reading fell off per cent, the bulls having SEEM
ingly given up the contest for the present Pacific
Mail and Panama, which are more sensitive
than any stocks on the list, improved
the former 2, the latter l per cent this
morning. under the influence of few outside orders
The business in bank stocks was light, and at last
quotations. There was very little done in bonds or
State stocks; the only change of consequence was
fall of three per cent in la Crosse land grants in
consequence it is said Of certain bonds which had
been hypothecated for loans being thrown on the
market.
The market was duh and heavy after the board,
and there was q general, though slight decline in
prices. Reading declined per cent; Rock Island, !;
Galena, !; Toledo, /; Central s-the general market
sympathzipg. The closing prices at Kowalski's
were: Central 7si Erie, III; Hudson 2si; Reading,
46s; Michigan Central, 500; Southern, 22'; Panama
ll3l; Illinois Central 20; Gaena, IS; Toledo, 3iI;
Rock Island, IS; la Crosse &c. The market closed
very dull.
There was but little done in exchange today. 70
reign exchange is steady at last quotations, namely
for exchange on Paris. We hear Of no transactions
at the higher rates The quotations for domestic ex
change continue 70 be almost nominal. Groesbeck
& Uovt ouote as follovr3