The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-17

A1G. 9Slc0 s9lSo9 SO tl5 ss4 7,7s&6l5 lO7 s54T 10
Aug. 10. l2a s7A,6s Si,I5o472 7,5ss,sas lo9
Increase. 81, 4sl 600 =
The loss of specie shown here will strike every
one singulary small, in view of the pay
ment of over seven millions into the Sub
Treasury But it must be remembered that
these payments were made in daily parcels,
and that the whole of them only counted one day in
the averages. 1t is doubtful whether the banks
business this week with over twenty Weight
millions in specie in their vaults. The loan column
shows an increase Of two and half millions. This
arises, of course, from advances made on these
government securities to holders who could not or
did not choose to carry them. As they pay five per
cent interest, and the banks will lend at four,
small profit can be made by buying and borrowing
on them. Altogether the statement, though unex-
pected in some particulars presents features for
particular comment. Next week we shall probably
see a different state of things.
Dulness continues to prevail to the exclusion of
movement of any kind on the New York Stock Ex-
change. This morning the few persons who have
lately figured as buyers supplied the market with
stock, and few bears coming in at the same time
and offering sellers contracts, the market dropped
and prices declined. Illinois Central which rallied
last week under the impulse Of the news from Eng
land, fell back to its old point, and closed dull at
that. Central fell off I, and Erie also. The talk
to-day in the street Is that no settlement Of
the disputes between these two roads is near
at hand. The Erie direction, in which the
influence Of the President seems 10 be
quite secondary, is said TO be resolutely de.
termned to adhere TO its present policy until the
Central yields. Unconcerned itself at the loss Of
business at the increase of debt at the falling of in
receipts and at the constantly growing will of the
people who live along the road IL calculates that
after the Central shall have suffered a while in
silence it will offer to purchase peace. Nor can il
be said that the calculation is wholly devoid of plau
sbiity. II would be far better for the Central to
pay the Erie $40 900 sl2 900 month than to lose
$4,000 a month by running trains below cost.
And whatever pride may suggest policy may
soon oblge the Central to ask terms of
its prosecutors, and IL they are at all reasonable,
TO grant them. The Western roads were very heavy
this morning. Rock Island fell off 4, the old stories
about the damages done by the bridge 10 steamers
having been revived; Galcna, 4; Toledo, 4; Micht
gan Southern, Il do, preferred, 4; Michigan Cen
trail, .; Milwaukee and Mississippi, !, &c. Reading
under the pressure Of sales by the parties who have
lately been buyers, declined per cent. Panama
and Pacific Mail were both shade better: some orders
for investment stimulated the rise. In bank stocks
the usual business was done, without change in
prices; Of Bank Of Commerce 1876 shares were taken
at par. There is no change IN State
stocks or bonds Of railways, &C., unless
we mention the continued decline in Mis-.
sour skies, which fell of to-day. The principal
bull operator in this security Is understood to be
l. L.. III
very dull and heavy.
At the second board the business transacted was
small, and prices generally lower. Rock Island
fell of u Toledo, !; Galena, 4: Reading, d; Ere,
4; Central, l.. Panama and Pacific Mail were
steady. The following were Kowalski's closing
prices:-Central, 77l; Erie, l6i; Hudson. ga;
Reading. 47i; Michigan Central, $50; Southern,
ga; Panama, ia; Illinois, "a; Galena, s2E; To
ledo, $50; Rock Island, 73i &c. The market closed
heavy without any appearance Of a tendency to-
wa I'd animation.
The following was the business done at the Sub
Treasury to-day
Total receipts ...................... s'5s s27 70
or which from customs. ................ $1,000 90
-On account Of l,an.................." 1892 90
HW mich csforn,. dram, AZ GOO 90
Balance IL, 'ss oo4 %
The exchanges at the Bank Clearing House today
were Ell 3t5 $50 60, and the balances 81 ,l5052s r.
The Metropolitan certificates are $1,000.
The Oswego and Syracuse Railroad has declared
semi-annual dividend Of four per cent, payable on
the goth inst 10 the stockholders registered here at
the Union Bank in this CITY, We understand that
the greater part Of the new mortgage bonds issued
by this company, TO pay of the original indebted
ness contracted when the road was rst constructed
have been disposed Of at from % 10 par.
The earnings OF the New York and Erie Railroad |
for the month Of July, 1885, $3.50 37s so
Earnings July, E4,693 81
- 4
Ssb3l9 "
We understand that the Erie Railroad Company |
has RENTED 10 London the interest due in Septe m
Der upon the second mortgage bonds 10 foreign hold
srs, and will be prepared to pay the coupons here
slso.
The following are the receipts on the Morris Canal
or the week and season TO the 9TH inst as conpar.
ID with corresponding time last year.
Iofa 70 august 1881 cal So
Neek ending Angus, 3, ls5s........."... 1899 80
y, ~. !, slo',SSi ~
lotl 70 July ~, 1888 ..,.....4...fi1s2s s %
week ending August 7, ls5e...... s,aSS o.
Ds-resse N 1855 s3i SO 90
The statement " TIE Trca,grtT Of the United