The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-30
FINANCIAL AND COMMERCIAL


Tho r~vsa saes to-day for Europe with scSs $50 "a in
specie an ire'gts-a chan had been anticipated by
tho street generally. Exchange closed rather weaker
eiaa yesterday Sterling bills freely done al 1924
no. though yesterday several leading bankers held at
ncA. Francs quoted at bl21s. Money u quite |
easy today Is hard to lend at four per cent on CALL
and the supply fgood mercantile paper very scanty
The opinion now begins prevail that shall have no
activity ia the reoney market for some months
The upward movement in stocks was not sustained to
day general rule the commission brokers report
that there outside orders for the purchase Of
stocks THE public generally still remain aloof from the
Stock Eyenange, appear there sellers only For
the most part, the business done to-day was
between bun operators who sold TO rcalize
profit bears who bought to their shorts There
havebeen doubt, within the past few days out
side orders for Panama, Pacific Mail New York Central
SC. out these have been the exception. II will require
mary months of successful business induce the public
u buy railroad stocks for investment again. Panama
Tns for some time the leading stock to-day As il had
rome TO 100 yesterday and only reacted Il per cent
II supposed by many that Il would again touch the
same point this morning. and several operators for the
rise gave orders realize accordingly AS often happens
they nterred with each other and their offerings broke the
market down "a per cent There is 10 doubt
that Panama is a valuable dividend paying property,
and will continue remain 90, notwithstanding the open
ng of the Nicaragua and Tehuantcrcc routes Pacific
Mail opened strong this morning. advance of a per
cent the closing price yesterday; but the
day progressed il grew weaker, and finally fell
off one per cent? and closed, this morning,
duh. Most OF the purchases made at present are
for the OF the shorts Central opened well this
morning at advance Of three quarters per cert
yesterday price. But it could be sustained the
advance and spite Of very bold purchases by the bulls
Il 900 shares being taken by operatortf fell OF d
the second call, and \, afterwards Eric, usual,
dun and neglected meeting Of the freight agents
great the West place 18th
proxmo to complete the arrangements for carrying into
effect the late convention Reading shade lower
day. most Of the sales made sellers option. We
still hear nothing about the floating debt OF this concern
and constrained, the pubic interest repeat the
inquiry, hou much of the floating debt par has been
paid OF with the conlpany's mortgage bonds seventy
cents the DOLLAR This is fair question the public
entitled to answer. Some of the Western shares
lower this morning; as, for instance Michigan Southern
common and preferred both of which declined . a and
Ia Crosse which opened we'll but fell of 4 per cent in
the course of the morning Calcna and Toledo were
steady; Michigan Central was and Rock laHd Il per
better. The business baak shares large
note advance of u per cent in Bank of America and
Continental "a per in Bank of New York and per
in Broadway Missouri skies were active this morn
ing at advance of y per cent; La Crosse bends
also active, at a decline. There change note
in other description
AT the second board al lower the street
dull New York Central which The most active,
receded per below the lowest morning quotation;
Pacific Mail sold per lower and Rock Island MIGHT
gan Southern Reading, Michigan Central Panama. &C. all
shared in the decline The latest prices in the street,
reported by Groesbeck Hoyt followsC Central
so -; Eric, 17ls a.; Reading. AS =; Michigan
Central 52l4 "a Southern 70 Il Panama, 1i71s 4;
Illinois Central, 50 Il Galcna. SO II Toledo sas 's
Rock Island, 65i1 r.; La Crosse, "A IA Pacific Mail
1861 100. The market closed tame.
The business Of the Sub Treasury today FOL.
lows
OF which from customs. ................ 900 90
Total pay ments. ZIbeSZ ~
Total balance l;oo34l9 ~
TIE exchanges at the Bank Clearing House to-day
SIS os and the balances 81 o3e24 90 Me,ropo
Titan bank certificates, 50 600
Messrs. W. T Coleman Co. Of san Francisco say in
their circular OF September 81
Money continues abundant previously quoted rates,
the occasion for the Of means that win BIO required IN
1ne % vet maarcd T n Of @ rom the
upper country have been about customary for the
OF the year, the present period being about slack
as any during The Nv sy ernont We shall oos for more
activity in this respect during the coming two months as
lions will have accomplished teir abors The accounts
from this description of mining quite encouraging. anu
Il Z antcpaed thar the Weld wifi result very fayorably
The last from Fraser river speak of extreme
weather and occasional rain causing slight rise in
thc river. The Indians becoming troublesome AMI
unimportant collisions have taken place. The whites
disposed 20 adopt lacnc measures and are making
efforts insure tranquility; but from the treacherous
their foes fear a will no found
necessary Mining had been somewhat interrupted by
these causes but the general tenor Of the accounts Is
satisfactory
Operations At the United States Branch Mint have been
upon limited scale during August, evidenced by tbe
fol lowing return
Deposits, ozs . "a oG2 ii-vaue 81 10 $50 "a
Tonnage gold .-.s-+s... W.
DO. ACKNOWLEDGEMENTS. 1000
Total. 81 40 600
oftoisl notice has been given that the Mint Will BE-
closed on Sept. 80, for settlement.
ExPuKIs TRRAsrRH
August 81. 1898
To same period 1857 3liassfv3
Excess IN favor Of last year.............. &2I2,2sl
To rHx TlFdTops STOCKHOLDERS SATB;rAgp "
srRK~cs COMPANY Nsw YoEE PySSsyIyASis:-
GKS1IxxHS-Iaving been elected President OF this Com
pany tho 18th since which contracts
have been made by me, feel my duty TO resign M Of
Zee after this short period feeling satisfied that tho affairs
Of the company IN such condition 10 warrant
frrher connection with ~. You will therefore pease
he Yourr