The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-03
FINANCIAL ANO CONNER iAL
N ONE M AR K EFT.

THURSDAY. Sept. Is p. M.
The street had hardly recovered this morning from
the holiday Of yesterday. Many brokers were out of
town. The non.arrival of the Cunard steamer con-
trbuted likewise to check operations though, 80 far
rs her commercial advices are concerned, we have
had them already from st. Johns in the summary of
the Galway steamer. II is hoped, however that she
and the succeeding steamers will bring fresh orders
from the other side and that the brokers who have
been buyers on speculation for days will thus
be enabled to shift the load 1t il calculated that
the news of the peace with China must operate as
the stimulus required to set speculation agoing on
the other side; and it is confidently believed that
any speculation whatever will include, among its
prominent features, free investment in American
securities.
The only stock that was dealt in to any ex ient
this morning was New York Central, which opened
at a decline of ! per cent from Saturdays price,
and did not rally throughout the session The chief
buyers were shorts. The bulls have concluded to
wait to see what comes Of the meeting of The rail
way presidents, which is expected to take place
here ON Saturday or Monday, before buying any
more for the rise. Erie was / lower, with, as
usual, very slight transactions. Reading declined
about as much, with sales of only 800 shares. The
Western railways were all lower. Galena fell off !
per cent? Rock Island, y; Toledo. Il Michigan South
ern, 1; preferred do. !; Michigan Central 4 Mil.
wanIie and Mississippi, 4; La Crosse and Milwau.
kie. 1. 1t is to be regretted that the news
from the West should be so uniformly pfeju
dical to the railway interest. In many
parts Of the West the falling OF in the
crops will entirely deprive the railways of
business this winter. Reference has already been
made to the falling of in the Rock Island earn
ings. II is believed that the Galena will be an
equal sufferer At the present conjuncture this Is
peculiarly annoying. Panama sold at about the
closing price on Tuesday. Pacific Mail was oger
without short sales Among the coal stocks, Penn
sylvania is selling at 75I; Delaware and Hudson at
last quotation 9sA; Cumberland Is offered at lsA
10. In bank stocks little was done except in Park
OF which over a hundred shares were taken at an
advance over last quotations There were very few
transactions in State or railroad bonds. Mssouris
are again a shade lower. The market closed dull
At the second board New York Central was active
at further decline Of 4; sellers options at the dc.
cline were freely pressed the bulls. The Western
stocks were without change from the morning.
Pacific Mail was very active at an advance OF
over the morning price. LA Crosse land grants were
lower The closing prices as follows;-Centra,
7eI TO-; Erie, III a l7I; Hudson, % Isl; Michi
gan Central. 57i 5si; Southern, 23l 23t; Pana
ma 1Iil 1l4i; Galena, s3t 81; Toledo, 3ii 3il;
Rock Island, 70 73l; Pacific Mail, ssi ssh. The
market closed dull.
The business Of the SUBJ Treasury yesterday ION
which day Il could not close) was as follows:-