The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-23
FINANCIAL AND COMMERCIAL.


Our latest news from Europe by Pacific from Gal
way the 18th inst Conso!s were fun u q higher
and cotton, breads,us, groceries provisions, 6c.,
all firm The brief Geographic despatch indicates
siderable speculation growing obviously out Of the abun
dance Of money The state 81 things Is reflected in
flies by the Europa which reached the city this
ing New enterprises Of various kinds being brought
forward, well IN London in the Continental cities
there general inquiry for undeniable securities,
among others for American S,ae stocks but fancy stocks
in less request. Sattcrthwaite SAYS
We have had a stagnsnt duh week IN the stock Ex.
change with tendency 10 rather lower quotations gene
rally arising more from the absence OF business than
from any pressure Of stock the market In this
raj condition Of affairs American securities are equally in
cudcd few first class bonds continue 10 be taken for
investment, whilst IN shares We have scarcely trsnsao-
ton 10 Hnos clo~e sellers OF Fl discount. The
Great Western Of Canada have agreed 10 advance tloo,
coo sterling TO the ntrot and Milwaukee Railroad, since
which there has been moro inquiry for TINS after coma
nys bonds. Consols are steady 95 a , for money
and account Money to-day rather more N demand IN
consequence Of payments on account Of the recent Turk
ish loan.
The return from the Bank Of England for the week end
ing tne 9th Of october gives the following results when
compared with tue previous week
Public dcro9ts...... g AL 40 Decrease. .fAt5 +2l
Other deIc. u ga $50 Increase. 81 o.3
Resf 3,7lOl20 Increase. el2j
On the ether eide a the sceornt;-
Government securities. eli l3l coo Increase $50 as5
uther securities. 1b1220s1 Iecrease.... 1l24lo
Notes unempoyed.. u So2 $50 Decrease. lol 40
The amount q circulation is G2os.2 aeo, being
Increase q s325 1876, and the stock Of bullion IN both
departments is sis52e, AIS, showing increase 81
cess .cae when compared with tie preceding
We read II tho London Tm.s-
The of tho grea, lines 81 railway Joe,
purchased from the Austrian goyernment-naIncy, the
Icndon and Vienna Messrs TsIabo Bont, q Paris; AM
lang and 81 JIel, ~ iondon-haye just advertised tie
publication afeport 10 The English slrehod,r
tails of the arrangements under which the fusion Il
| tcrcsts With that company ~ TO take place
our own stock market continues advance though tho
volume ~ transacted day large
On some days lately and The Indications Of outside opc
raiousr less Obvious than for days past Among
the speculative operators the bear feeling again 10
he gaining strength while the commission brokers gene
rally report increased inquiry for stocks among their
pmers Tie demand for state stocks is undated. Ms
have recovered the laie Decline touched sssS
the h.gnct point vet reached Tcnncssocs y higher
| NrFras, ., North Carolluas a CALIFORNIA;, a. TAg
market u necessarily BE- very bare Of stocks
aud AIRY demand shord arise Tor banking purposes w
may expect several 81 the per cents above tar
In railroad bonds the Michigan Central cghts were the
most active at further advance n y Erie thirds and
,onvertbies both shade higher Illinois Central.
rose per cent ard other bonds proportion. There
was very little done bank shares, and no change ID
II
ceut to-day Delaware and Hudson also higher VI.
note sales q New Jersey Enc an almost forgotten con
| ccrn. al y Tor Cumberland Coal IS, was bid.
| Among The speculative stocks New York Central wa
active with recorded sales Of about ZOO shares close
advance ~ = per cent yesterday price, ate
1 having tluChed $50. Reading advanced y per cent
| with moderate sales. Michigan southern, guaranteed
held al Tho morning board, bot neglected am
declined about = per the afternoon. Rock Island
active the morning the second board too zen
| closing heavy. We note q movement ID Michigan
Central which very strong advance of per
this morning, and another Hudson RIVER which Z,
per cent Generally the market though lower IN the after
noon had By arp araucc as though ne hghes
prices q the season had ye, been reached The last quota
tons % Che day reported by Kowask wcre-Mssouris
ss1 10 New York Central, s5Xa X. Pacific Mail los 4,
= Erie, l5ls III Hudson 29is 80; Harlem, l24 a
| Il; Reading, sl& u: Michigan Genital ok IS south
ern, pa - Panama, 49, 49, Illinois Centra 81 4
a * Galeua, sax IS Toledo, 3t5t a 81 Rock Island
| osAaH. The market closed steady.
The exchanges "a dc bank Clear House this morning
we're az 72 $50 CO. and The balances were $3.50 eco So
The business Of The Sub Trol ny to day was as fol.
lows
Total receipts. 1924 81. p
W which from customs. s................ 69.0o1 90
Paymfnts ~ 452 ~
Balance sos ~
Tie following statement II The receipts q the Pana
Railroad for September taken from the books of The
/ company
September 1857 receipts ................. sp5f97 =
september, 1865 receipts ......ss.'...... 1879 ~
"an.,..4st....s..+........ 47,SSe IS
or about 70 per cent Increase
| onyctton 81 Western railroads viii ~ het .n Ccsr.
land NO. onber TO- ior The parpsc II psrfeuv " sic
r. 'road organ gaon ~ the protection II insr puta