The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-29
FINANCIAL AND CONNER CiAL.

By tho arrva, OF the St Louis from asrinxall
have usual for,nghty mails AMI s Az 9e in specie
Our San Francisco spondens report active state
OF business with higher prices for nearly all descriptions
q merchandise and general tendency speculation.
Money nuce very cheap and abundant The a!viccs
from the Fraser river country state thar ran prevailed
there the immigrants OF whom
lg IN haste but the waters had fallen at last and those
miners who lad secured claims were doing well TIC
government authorities and generally who in
Of obtaining correct Information, seemed 10 entertain
Nc doubt Of the future Of The regicn gold produc
irg country. With regard 10 money sun Francisco,
Messrs. W. =. Coleman K TO. write
Ine most prominent feature oi interest tho nmed
aa GDant al operations of the day the
being pursued IN regard 10 the acton NJ the late Board 81
Examiners, who passed upon upwards Of 81 100 90 ont
- Is known this done under state law, and the
commissioners appointed ny tho act have been cnoined
from isun. bols 10 sc,ip hie.s, Tho eroanl that
the debt originally ilesai, AMI thai -gisativ.
sna~taeat c.n maze valid The i.bt Of corporation Tie
Say incurred TIE e.eot hs been greatly 70 lcprec!ate
the dolsr. trancsso pr have asa declined
10 5o, viii be noted by figures below. Money has
been abundant la tbs osrket durng The last tao months
beyond al precedent ~ default II desirable investments
AZ interest spocuatons merchandise have been stmu-
lated 10 considerable extent. Operators IN tns way
aFp,sr wei supplied WIN lds, AMI are ealng Tor but
very limited amour, the hands ri capitalists. lis,
class pspor and other With which Collateral = reiHrsd,
being hcne ~ - ~ Pee cent per month sca es'af"
ioas afon v"rs desirable proIerty too oie ~.
had a, Ter cent ard = can ." eno'ct :or iransactc,
OF second rate character. There IS more demand ~
money suc security roth city aud country account
H. day las been quiet one IN stooa matters and IL
aggregate volume Of Transactions considerably less
thsn usual since The revival - speculation. There sp
Ieared ~ prevail anons oasiie elratofs general I'M
pressor that tn reaction Of yesterday would Do
tnued to-day and while tie bears afraid a. put out
contracts the unms;asabie symptoms q
zee in stoke, the bulls quite willing slaud aside
.tlg,
| fgurcs. There c on tho part Of many,
| ~ho hes,,y Interested for tie r0se a bear
ircrcs. well defined and working vigorously: a CERTAIN
amount 81 short sales being u their opinion, ns,ure
sna even .sscnii, element - RISING market Judg.
ing this days operations, however, and from l.
N. well leaers Expressed IN con-.
vcTsa,on acro aesgr tho part q the bears
interfere with the yet commission broker
continue report activity among Their outside
and ronerni inquiry among mercantile and ospta
st "wha; stocks vii 90 buy The following
letter All explain TIE motives which are inducing OUTSIDE
mcn OF means not generally spectators 70 take yer
tgfcs tic stock market a. sr.ssut--
~ TIE rrrrpn or THE mTs1D.
notice what you say aboui Acw YORK Central a..
wsh % state ~ Jon tie rrilcipie On watch aaf ct,r
merchants sho have dle balances bans acting.
- ne say that have slooce At harS II loan this
cannot make over per cerissy slloin tho next bun
ne 80 800 borrow irc1 any q tn baakg az 900 IL
them q could borrow more bot Wish within ti.3
marx, and ny operation siands thus
Iricres, 90 So oco Tor lo1 DAYS a. = per crit SIS
| ~. slo,@so 81 my osn at ycr ccut........ IIu
Brokerage - 600 shares eearai a 4. 500
Observation-Disclosures 9-S
DIVIDEND pcr Ga; O. 900 shares ,oaa
prof, IN tho aggregate .2e,2
Bcridcf winch have the chance ii the sos Foins =,
par (Which consider very rrooahlc). ami ocne anc ~
make The div tdod, aud SOL. al san,. ~ -ix ur
| eight per cent besides. A MERCHANT.
A. general rule st-Ls unchaneel n price 4.
day. As compared with the prices currcu: yesterday
ss,sruoon, notoe slight de,i'no IN Nissoutis ACT
virgBas market value which has been nlafiously
affected ~ tLs large lots sod h. heavy ope,ator- e
| day Railway borJs aud hank stocks were generate
steady =, iss, Quotations Among the Speculative stccAs
note decline or per cent IN rcnnsylysn4 Gal, Z
| I-.r cent in Michigan Central N Panama =, Illinois
Central. and :, Galeua and chosso Tho lasi.r :
damaged by issue which has raised between
ths ~ President and his late colleagues Other iescrp
LIONS pretty steady throughout the day E,e. I-laea
was active, e bulls readily taktg All The stock that
offered Reading opened So this morning ncfore tho
board but Zen % Tho afternoon q yesterday closing
price The want q sh"rt sales viii tcl the mar
ke, price y the stock Michigan southern preferred vas 10
5000 demand As Is generally undersiool chat
this stock IN fact per rrodeeuable bond with
only about $1,000 600 before o. il vii probably attract
attention abroad. The noyemeu, in Hudson River Is
steadily progressing The receipts for October viii show
increase those y las, year and il Is expected
that November and December viii 30 SUI better The
following the latest quotations reported b. Rowa
ski-Ntsouris, 90 y New York Central, co. eesS
| Hudson, 331s 49,, Reading. ca. a 52i,. Mch
gan Central, bsis 5sA Panama, 49, l22 Illinois
Central 500 81. Galeua sl7s ~ Rock Isand ~ =
cs', Toledo, 9b4 asa Pennsylvana Coal 50 a soJs
The market closed steady.
NE exchanges ~ Rank CLEARING House MI morning
sgrc s23 9ts no - and the haau.ts " 33ise2 ~
1lic follow w tle business thq aub rreaury.-
Tfal rtce.rte ........ $500 SIS 81
-ifrm customs ACKNOWLEDGEMENTS. 1000
Nttl tayta. nis .s........ ........ 6sp6at n
4NIHt iatHNt. 31t1.NtN %