The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-12
FINANCIAL AND COMMERCIAL.

WEDNESDAY, August

WEDNESDAY, August Il-6 PM
The only feature in the stock market is an entire
absence of outside support, together with an indis
position to operate on the part of spectators in the
street At the early session this morning there
general desire to SELL and considerable decline in
prices was established. New York Central opened
at 49, and closed at rs for the opening of the books
a decline of per cent from yesterdays closing
price, Reading also declined per cent, closing at
47l. limited amount Of transactions was made
in Erie which opened at 16 and closed with sales at
163. Western railroad shares sympathized with the
general market as Chicago and Rock Island
fell off !, with sales of 1000 shares at the decline;
Cleveland and Toledo. J; Galena and Chicago, 2;
Michigan Southern, J. and do. preferred, 4. There
was a sale of New Jersey Railroad at 1873. State
stocks in moderate demand, with but little va
ration in prices In railroad bonds the business was
small but well distributed. Hudson second mortgage
sold at So and the thirds at 67 Erie convertbles of
1871 at 30; La Crosse and Milwaukee land grants sold
TO the extent Of s3s 000 opening at 22 and closing
at 22l We also note sales of Michigan Southern
second mortgage at 80; Hannibal and st. Joseph
bonds at 60; Chicago, st. Paul and Fond du Lac
land grants at 22i and Milwaukee and Mississippi
second mortgage los, at G5. The last named is
tons The transactions in bank shares and miscel.
laneous stocks very limited the most important
being sale of 800 Delaware and Hudson at 9s seller
co Pacific Mail Steamship Company declined TO $50.
1t was decided today by the Board of Brokers
that all sales of the government loan shall be
made with interest TO the buyer from lst January,
1852 The loan was entered upon the books of the
Board, and will be called regularly in future. The
los, but there were no sales.
At the second board the market opened at a still
further decline this mornings prices but rallied
again and closed steady. The amount of transac-
tons was very limited, being chiefly in New York
Central and Chicago and Rock Island, each of which
closes at about per cent lower than at first board
The closing prices OF the day, as reported by Messrs
Groesbeck a. Hoyt, were-New York Central, 77f:
Erie, 1Gi Hudson River, 27F; Harlem lO5: Read
ing, 46I; Michigan Central, 59; Michigan Southern,
2ll Panama, 1874 Illinois Central, 72}; Ga.
lena and Chicago, s3l Cleveland and Toledo, 3il:
Chicago and Rock Island, 74i and Milwaukee and
Mississippi, l5t In bonds we note sales Of $4,000
La Crosse and Milwaukee land grants at 22, and
az 900 Illinois Central rs at So.
The business Of the SubTreasury for the day is as
follows
Total recefpts. Oh
3O902l so
baiance... e61sbs2 IS
OF the above receipts, tl0l 900 was from customs
and 81 Ash SIS account of the government loan
which, including yesterdays payments, make alto
gether 81 444 .6l5, or nearly onehaf, already paid
up on this loan,
The exchanges Of the banks at the Clearing House
TO day were sl4 476, s5l 49, and the balances $780,
232 S. The Metropolitan Bank certificates remain
at 81 600, where they have stood for some time.