The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-18
FINANCIAL AND COMMERC GAL.


The public mind in commercial and financial
circles has been so absorbed with the all engrossng
topic of the Queens message that the singular omis
sion of the Newfoundland Telegraph operator to send
on details of the monetary news per the Cunard
steamer Arabia. now nearly due with weeks later
Intelligence, has attracted but little notice. The
commercial news is favorable, containing accounts
of large sales of cotton at an advance and a good
demand for American breadstufs at full prices. The
Arabia will probably arrive tomorrow or Thursday
morning; but it is possible that before then we may
have telegraphic news of the price of consols over
the Transatlantic cable.
The following is the financial and commercial sum
mary by the Saxonia, four days later than the last
steamer at Boston,
in believed that the government contemplate taking
advantage Of the improved prospects OF the money mar
ket raise early period tho balance OF 367eoo
still remaining avsiiabie under the lucia Loan act
ed ct the Of the session. for ES Goo o.
The requirements Of ihe government OF lndIa for the re-
mander OF the year are estmsed at f5, 900; bat
there are Excaequer bills and bonds 10 hand 70 the
amount Of 81 o00 while the power still remains of issu
ing COO India bonds TO make no the authorized
100000 The further sum 81 81 1858 300 In bonds
may s,so he issued in place Of Go63 900 notified for dis
charge, ard FL ooo 900 Deposited security for loan
from the Bank Of England which will fail in
Paris, with the view Of entering into ARRANGEMENTS
with Messrs Rothschd and Bsrg for the long talked of
Turkish loan Cne s about 70 raise lean OF Gt 600
for railway purposes Advices from vinua seen to ex
press q doubt the government beng prepared 70
fudl their plans for resumption Of specie payments on
the LIST Of January. ArrsDge ns for the Rad Sea tse
gaph re 70 India have iopg,h been positively
cuoed, and the such doubt tina,
the capital viii be Immediately obtained. prospeo.
tus just sued that the have gan'ed
guarantee Of ~ per cent tor niiy years poru'n OF
the Inns between Alexsodria and An rst to DO con
sruc'ed, and the nominal amount proo,eed to be sub
scriped 100000 10 shares Of eco each The g0esnu
teed interest Ia 70 commence Immediately upon wnaever
BY tte arrival Of the Afrcs from Nsv York, with
f133 649 and by the Paoama from the West Irdss and
Mexico ~th G3o4 the total arrival of specie aud bull
lion coy Tuesday, In CABS $751;
The ietiers BOMBAY toda. (ruesdsy) condrm the
statement that the rate Of exchauge mad become three or
four cent more favorable FOR this couny, ana is
adoed INST further dec expected
The English funds have shown rather less animation
,Sdsy bu. the msk,t NJ: mot lest us i.ysrsoe tone
be amount o! o00 and the revived anticostons
regarding rev furkisb loan ,oss.ber with probable de
ing the srdor of speculation. D, the other hand
further large specie arrivals from America, toe Wess
fndcs &c. the satisfactory character OF the details from
Bombay bo,h political aud commercial and coatiDu.
spce Of weather FOR the harvest tended to sup
Amarcan securities we're arm, especially New York
Central Illinois Central. ana Michigan CeutrAl Grea,
Western Of Csrada ADVANCED nearly 1os Grand Trunk Of
Canada fiat Atlantic Telegraph were negotisted ~
$40 and S?6 tire 81 eco share.
The TEA rRApx August . 1883 The deliveries In Lon
dcn estimated for the week, were sss lbs whica is
statement
Exchange on Europe has been dull throughout the
day, and no change in prices can he fairly quoted
At the second board the business done was very
light and particular change in prices was noticed
Reading was the most active stock. 1t seems that
the management has contriyed to attract so much
opposition from leading patrons Of the road tina.
instead Of extrcating itself from its present dcspe
rate financial condition, the prospect IL that 1t must
plunge deeper and deeper into embarrassment.
The following are Groesbeck 4 Hoyts closing
prices:-Central 76i; Erie l6l; Hudson, 27I, Michi-
gan Central, 81; Panama, ii3A; Reading, 81; Ca
lena, 500; Toledo 33s; Rock Island, as. The market
closed dull and heavy.
The following was the business Of the Sub Treasury
10 day.
Total receipts s5ossB ~
PROM custorns, oojsvV w
On account OF loa1a., $50 oeU w
IoiA pay mems; '''..' '''''''' osaoo M
-CalHornia Snbv.ooo )"
Balance %
The exchanges at the Bank Clearing House to-
day were sl5 2Gs cos CT, and the balances s92ooi5
81. The Metropolitan certificates remain at $1,000
Mr.. Cisco received from Washington this morn
ing the first batch (haf smiliion) of the government
stock. Az fast ~ the bonds are made ready the De
partmcnt will despatch them TO the branch Office
here.
TIRE New York and Erie Railroad Company have
after fair trial, abandoned their express business
II IL now done by the express company, rs IL was
previous 20 the railroad company undertaking IL
themselves. No reasons are publicly assigned for
the step.