The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-02

more Heey. We do MOI ezActy go how . war with
Great Britain oovd In any way Affect Erie Railroad stock
n nos seIay worth dollar per share, 20 far
~ any futvre productvensss oonosrned, and We DO
nos see th'A war with any foreign Power could by any
possibility mako worse. 6peculators IN our m,ss
worthless fancy railroad stocks appear 10 be exceedingly
sensive regarding foreign relations, and watch with
the greatest interest every political movement In Con-
gress Consos and State stocks comp ra.vely moth
ing In their minds. Erie, Toledo Ia Crosse aud such
securities considered Of much more importance by
holders and are In reality much influenced by any
temporary disturbance in foreign affairs While State
Stocks bank stocks, railroad bonds and good securities
generally not in the least affected by the "Brsh
rsees the whole batch of ncies uctusse violently up
the appearance Of the slightest speck in the political
horizon indicating dicuy. The Improvement in prices
today hardly be accounted for in view Of warke
preparations going on IN depot At the ,ud
board the market maintained is buoyAncy. In STATE
stocks there was . very active business at bet
ter prices. Missouri State skies opened at
s3, and closed at 81 per cent with large Sales New
York Central Railroad advanced per cent Galena and
Chicago, Y; Chicago and Rock Island, u. There were
sales at both boards TO day Of Coal Company
preferred stock at 81 2i per cent cash. This With
the IS paid up The old stock will not be quoted much
now 1t has become worthless by the new arrangement
We understand that about 46 600 Of shares
have been paid on, giving the company the sum Of
s225, 900 70 meet imm edaae liabilities
By the steamship Hammonia at this port and the In
dian at Quebec, have four days later news from Eu
rope. The financial accounts little more favorable
Consols show 18th 18th improvement Quotations for
cotton remain unchanged, with moderate amount Of
business Breadsus continue quiet prices previously
reported. American stocks were inactive Illinois Gen.
trail shares were little better.
The Assistant Treasurer reports TO day As follows
IotaI receip1 3f08, 1874 ~
r rsi sSoaos "
iVtAi paAnce ,9lo oS
The receipts include $4s 900 from customs and the pay
ments S26, 900 In California drafts
The operations At the Clearing House 70 day were
follows -
Total exchanges. ,t7o,673 o.
Total balances. 1,49s go 80
The bank statement for last week. compared With
Of the week previous exhibits the wing variations in
the aggregates Of the leading departments
Increase in loans and discounts .......... 1922 s6l
Decrease in circulation T b4sl9
Decrease in deposits, actual l,l454sS
These returns differ very much from those Of previous
weeks The decrease in specie anticipated, and the
extent no more than generally EXP ectsd from
active drain for payment into the Sub Treasury The
crease in deposits the result Of the demand for bullion
a. 1t was almost entirely drawn upon private account
The most extraordinary feature statement s the in
in loans and discounts At this season Of the year
the demand from the commercial community is usually
EMAIL and well known that at this particular juncture
good business paper quite The inference drawn
from these facts that the increase discounts Is not Of
natural character For time past the been
dealing largely in Treasury notes. and Is estimated
that full six Of the hundred and sixteen millions OF
loans upon that security The business classes are
not in want Of money, and those who are general
thing have not the right sort Of security 70 command il
The increase in loans b therefore upon artificial basis
and must change the moment . legitimate demand for
money springs up The banks forced Of the regu
lar channels for the employment Of their capital and will
find difficult, with the facilities afforded by the
Treasury note ssues TO make out their usual dividends
We requested 10 state that Mr. Nicoays regular
sales Of stock during the months will take place
Mondays and Thursdays instead Of daily usual in
the business He VIII hold special sales no wever
on any day that may be required.
Tho annexed is comparative statement Of the exports
exclusive Of specie) from New York foreign ports
the week and since Jan. L.
Total for the week. oos 900 1,l39,7n 12Al75
Previously reported. al ,io9,9s1 2s562sl5 2345l79
mr.