The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-25

Francs Frdncs.
Cash IN The branch banks AZ "a ooa sS ,sS
The discounts show dimnution in The month Of ll2
600 Francs apparently France the of gold
is not considered as justfyng increase Of discounts
This has been another duh day the Stock Exchange
The commission brokers report absence Of orders
from ousde the least glance at the printed list OF sales
in fact shows that there few purchases of stock
made for investment The bears have holding back
for some days in order to watch the effect of the settle
ment between the great railroad lines bulls continue,
with undaunted hope To expect the appearance of the
public the Stock Exchange The leading stock of the
day continues to bc Pacific MAIL in which, however, the
upward movement received severe check this morning
The stock opened at shade above the closing price yes
terday, but on the second call many parties who
have been operating on the bull side resolved to
realize, and the market being over supplied the
price declined three per cent in the course Of
an hour. After the board sales were made by
leading bu broker at 90, and this was the price at
the afternoon board. Panama well sustained at yes
terday's advance; the parties purchasing 10 be
strong They arc acting, Of course upon the theory that
the development of the gold country the Pacific and
the general progress of trade that region help
railway The receipts for the past month are understood
to be very large In the afternoon this stock
firm; bear sales were made decline OF u per cent
Among the Western Stocks tho Michigan shares
most active holders being free Sellers and large sup
ply Of stock leading to decline Of y per in Michigan
Central u per cent in Southern, and as much the pre-
ferred Over two thousand shares of the Southern com
sock) changed hands, Tho excellent returns OF this
road for August TO have had their full effect The
afternoon quotation OF Southern lower than that OF
the morning. Michigan Central also declined a fur
Their per cent. Rock Island was dun this morn
ing at a decline of u from yesterdays closing
price; the same may be said of Gaena aud Toledo
neither Of which attracting much attention this
ing We note likewise decline in Illinois Central Of 4
per cent in the face OF the five per scrip dividend
and per cent in Milwaukee and Mississippi. In the after
noon, Toledo Galena and Rock Island all lower
The proceedings If the Railroad Convention exercised no
pcrceptble influence on the market far Erie and
Central were concerned. Both duh this morning.
withou, material change Of price; Central Z lower
the afternoon Board. Throughout the day Reading
also dun, at decline of 3sah. The business in
bank stocks insignificant In State stocks the bust
well distributed, without change price The
only bonds which moved to-day the La Crosse land
grants, which advanced y per cent closing, however,
fraction lower. The closing quotations follows
New York Central 7s3s 81; Erie 1ss II; Reading
Aga -; Michigan Central 5oL y; Southern
22si q; Panama, 114ai lis; Illinois Central, Tx
"a Galena, slsl So; Toledo, 31ss y; Rock Island,
6l7s "a; Pacific Mail, 9oh 4. The market closed
heavy.
1t is understood that the railroad presidents, who
still in session at the St Nicholas prosecuting their
work Of compromise and settlement with perfect
1t hoped that by the time these lines read the whole
question at issue will be satisfactorily adjusted
The Illinois Railroad Company have declared another
scrip dividend OF Ave per cent representing the bonds of
the company which have been paid in for land and
celeG. Parties who have not paid the last
WILL of course, not share in this dividend. 1t under
stood that there are altogether twelve thousand Of such
delinquent shares The company hope TO be able to pay
another instament on their floating debt within few
days, by which pay it would be reduced $500 600
The exchanges at the Clearing House this morning
ted to sl65o4 Sl4 a. the balances TO o42
oe6 H. The Metropolitan Bank certificates 5000
The business Of the Treasury to-day as fol