The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-11
FINANCIAL AND CONNER GAL.

TUESDAY, August 100 P. NJ.
The new government loan is still the principal
topic of conversation in business circles. The pre-
vailing impression appears to be that the govern
ment has done well in obtaining so high premium.
II must be remembered, however, that at log the
loan would be cheap as, aud no cheaper, than
the Elves of 1865 at their market price this morning
lob. To be as high as the United States Skies the
new Elves should sell at los. 1t was suggested this
morning that the new stock be put the list at the
Brokers' Board but difficulty arising in relation TO
the interest which from the date of the award
and the first nstalment of which, from August 10 to
January l. is singulary enough placed to the credit
of the successful bidder in the public accounts. The
subject referred to committee, which will pro-
baby report tomorrow. We hear, meanwhile. of
sales in the street at los, and shade above. Tn,
reader will find in another column some impo tam
information in regard TO the bids and the av ard
To-day the public have been kept in complee
e. e 100 on the subject for the despatch TO
not Only conveyed very little useful In or.
maticn, but actually contained several pre- DOS
ferrous and contradictory statements. A later des-
patch corrects of these, and mentions that the
total amount OF bids exceeded SIS 900 O0O and that
will obtain part at least, of the sum asked for 1t
is understood that very small portion Of the loan
has been taken for foreign account. A large share
of the New York bids seems TO have been made ON
speculation il is likely that an effort will be conse
quently made to create some activity in the stock.
1t will be well, however, to ascertain when the
other ten millions are to be issued, before the pre-
sent Issue is carried too high. One Of the bidders,
Mr.. Robbins asked for two millions at first but tele
graphed on Monday TO reduce his demand to one;
the Secretary refused TO notice the telegraph and
awarded Mr. Robbins the whole two millions, at an
average Of 3slO0per cent Some Of the success
full bidders began to-day to make their payments
into the Sub-Treasury. The total amount received
from this source was 81 ,963, 600.
The feature of the Stock Exchange continues to
be intense and uniform dulness. All the operators
in and out of the board, TO be out of town; no
one has any desire 10 buy or to sell anything The
movement Of prices is as regular and monotonous AZ
the swell Of the sea in a calm: slight rise IL follow
ed by an equally slight depression, and 20 on con
tinually. At the least symptoms Of investment or
speculative purchases by the outside public stocks
move with prodigious rapdity and force in the ab.
sence Of any such symptoms the general tendency
in the long run appears 10 be downward. New York
Central fell of this morning per cent; Erie, 4; Read
ing, 4; Michigan Central, l; Southern, I; Gaena
Z; Rock Island, 4; Toledo, 4; Panama. a; Pacific
Mail, l. The aggregate sales infinitely less than
usual at this season. In bonds there was very little
done, without change in prices. The two land
grants-the la Crosse and the Fond du Iac-are
now both selling for the same price, abo Il 225 The
business in bank stocks more general than usual
.t... - La
there was no change 10 note. The market closed
dull and weak
The market at the second board was steady, with.
out particular change. but with rather more &C.
tivity. The closing prices qoutcd by Grcesbeck
Hoyt, were-Central, Tsl; Erie, IL; Harlem, lOl:
Hudson, 2sl Reading, 4sl; Michigan Central, 5sl;
Michigan Southern, 22i; Panama, ll3l; Illinois, a.:
Galena, SAL Cleveland aud Toledo, 3li Rock
Island, 76l. The market closed dull but steady.
The exchanges at the Bank Clearing House To-
day were sl3,Gs4 ,s6l O3, and the balances
81 ,l64524 40. The Metropolitan currency certia
Gates are withou, change, remaining at 5000.
The business Of the Sub Treasury today was as
follows
Total receipts $50 50
or which from customs s............. 10000 %
On account OF loan .....ss.......... ae53.o01 90
-O which California drafts .............. $1,000 90
The New Haven and Northampton Railroad has
declared dividend Of two dollars and fifty cents
per share Of eighty dollars.
The statements Of the Philadelphia banks for the
pas, two weeks compare as follows:--
August 2. August ..
Loans ............ 500 "a 5l22pI Inc Il 772
spccie.............. 7o1e,i45 ese1oos Dec M5,4 ,e
Due " m osner banks 245eO4l ls77t5i Dec ssh seo
Due to other bsnss.. 3,2SiSe6 8,,7e,3s5 De-, Bo3s
Deposits .......... 17,tb35so n 0btO16 Dec 90 7oi
Circulation ........ 2tob.27s 2,59i 652 Inc s9's7i
We are informed that the Hatters' Bank at Bethel.
Conn, was robbed on Sunday night last Of about
$50 0OO chiefly In the bills Of said bank. The bank
cautions persons against receiving the bills until fur
Their advised
The Lake Superior Miner gives the following ship
ments of copper from the different mines named dur
ing the present season.
ogims a $40; Toltec a 6a3 Ns's, 90 300 Evergreen.
eq7 Aztec, 251; RJge 1ot 62s National 26T AIS Adj
venture lao 443: Jos Coulter, CYL: Nor gch bk4o