The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-02
FINANCIAL AND COMMERCIAL.

INANCIAl AMI COMMEhOIALs
FRIDAY, oct. 1-6PM.
Money reported by the brokers shade easier 1t
offered all sides, and all classes Of securities at
per cent and good houses with satisfactory collate
rails obtain all they want at ga g. There was
a time January when complaints more general
touching the difficulty Of employing money probably.
Specie understood to be coming in from the country;
one steamer alone the cahawba New Orleans brings
$500 600 in gold Exchange is quiet, and prices are
shade lower The best bankers bills offered at nos
and sold no. business las been done at l095s
Francs quiet at 51o.. There will not be much bust
done for the Vanderbilt, aud hear of no large
amounts Of specie to 60 in her.
The stock market better this morning though the
operations were than confined few premi-
nen ancies-Panama, Pacific Mail and New York Central
This latter stock assumed the lead Of the
market, opening at advance Of a yesterday :
price, and closing after sales Of about four thousand
shares, at advance Of u per cent New efforts be-
ing made to revive public confidence In this stock the
settlement Of the railroad controversy and tho capacity
the read TO pay dividends under any and all crcunstan-
prominently pressed public notice reasons
why capitalists should purchase the stock for
Hitherto, is doubtful whether the sought has been
in any degree attained Though the daily transactions in
Central always large is clear that they the
consequence CT orders for investments the contrary
there TO believe that all the purchases and
Of the sales made by spectators for spccu
latvc purposes. What success may attend the
continuance Of excrtions the part Of friends
Of the company, it Of yet
impossible say Pacific Mail quioter today, at a
decline u a per cent few OF the smaller stockholders
taking advantage of the high price realize, and both
bulls and bears fearing 10 There appears 20 be
probability that the organized bull movement this stock
which whispered about few days since, will be at
tempted. Al 90 such n movement might promise much
better than il could do At los. Panama was lrmer and
one per higher Purchases q this stock said
have been made this morning for the account o. prom
ncnt SPECTATOR who believe that the business Of the
company destined improve and rapidly, in
sequence of the establishment Of the British lines Of
steamers 10 Australia and Columbia with the exception
q these three, all the speculative stocks this morning
were inactive Reading shade lower. 1t has carried
60 900 tons Of coal this week against - 700 by the canal
THIS poor business for road ninciy-six miles long
and which must have cost the stockholders by this time
over s2o,0Ooooo Erie was q better with moderate IN.
curry; Michigan Central a better; southern common
was steady while the preferred 4 per cent Galcna
u better; Rock Island, La,s Ia Crosse fell OF y
with very light transactons the land grant bonds
steady At yesterday evenings improvement There Il
generally inquiry for State and first class railway
bonds Many persons who have large lille balances in
The Improvement in Missouris noted day
since; We have rs,or, small bat decided advance
M vrnias Tennessecs CALIFORNIA; and Minnesota cights
The Eric 1875 bonds higher by per than they
few days ago the Illinois bonds sell S. OK in
tcresi We believe HAT the advance these classes Il
securities even marked Ia those descriptions
which arc sought wholly for Investment and which DO
meet tho public eye. The market closed this morning
rather arm.
Ia the afternoon, at the second board transactions
limited. There change prices except Galens
which y per cent This, Rock leland aud New York
Central the only descriptions in which there was any
activity. Tho closing prices after the board were thus
reported by Kowalskis-Sew York Central sIl. 4:
Pacific Mail. ic4 y Panama, llsss a Erie, 16h 4:
Reading, an y. Michigan Central 5il 81; Southern,
23a ~ Illinois, II 49,; Galcna, sI5 X; Toledo
Si,s 81 Rock Island, eSt. =. The markc, closed
weak
The exchanges q, the Bank Clearing House oday were
sI7 s2o 5s4 10 and the balances 81 leo i3 Co. The Nc
uopolitan certificates remained 81, 600.
The butincss Of the sub Treasury 10 day vas
Total receipts. tlo6 SOS IS
% which from customs ................. 15lOco o.
lo'ai Iaynsns '''''''''..'' oIs,soa -
Balance ii ,47 AZ %
J A. Stewart Esq, receiver of the Bowery BANK has
declared dividend q twenty per cent the capital q
The bank payable demand 10 all such stockholders
have presented their certificates and proved title the
Office q the receiver AT the late banking house Of the In
corporation, corner Of Bowcry and Broomc street All
the debts Of the bank said have been paid full
THIS FIRST dividend will, tits understood, be followed BY
another q equal amount
The Ptsburg, Port Wayne and Chicago road received
in September s2o1 500 Its net earnings are est.
mated at 100000, against $4,000 last season THIS
road viii be through Chicago from the LIST q the 10th
Of November.
Tho Safeguard Insurance Company is about adding a
cash capital 20 ~ assets, and will continue business
when this Is accomplished with change Of officers and
with the expenses reduced thousand dollars
year The company said to have done large aud salts
factory business with losses under fifteen hundred dol
lars
The following letter has been PUBLISHED
TREASURY REGuLauoy-PAYwESr Bills EXCHANGE
TREASURY DEPARTMENT, August 10, 1858.
SIRI have 10 call attention ~ the following regu.
la,lons, vz--fs Of exchange drawn by United States
aonus occasionally presented at this department for
payment NY holders whose rights are derived from
dorsemeuts not made by parties 70 whom such bills have
been duly made payable but BY other persons claiming
Y at Tor such parties by procuraton without producing
VIC power q attorney other authority for the transfer
. The property n such bill Of exchange out Of As lawful
n"hef inc accounting officers, who are bound 70
Wan ~ Iefsr receives money from the Treasury but by
aWlul we, cannot recognize such endorsements unless
on .o .,o prof q Their sufhcency, which, in the alb
senee 81 The losef 81 attorney, may be made by bond
81 mdemsiN ia double the sum rlainaed
executed By Two sufficient suretles
HOWFII. COBR, Secretary o. the Treasury
ToWN NspfIt, ESQ, First Comptroller q the Treasury
Annexed Is statement q the business q the Mint Of