The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-27
l,sso,lsS
ls7,o59

Increase lsTo5e 1900
AS will he seen, the only change of consequence
is in the deposit line, which has fallen off over
million and half. Most persons will be taken by
surprise by the increase in the specie column in the
face Of the quite considerable export of last week
The California steamer, which viii be due before
the next statement is made up, win in all proba.
billty add million and half TO the quantity in
hand, which will thus stand of thrtyseven millions
before the close Of the week Nor Is there much rea
con 70 expect large export or higher prices for
exchange. A few drawers were asking 1921, aud
one house asked ITO TO day for exchange on Lon
don; but these prices were put up as much o. any.
thing In order 20 avoid drawing. A return which
we have seen Of the exports from Liverpool, Eng
land, TO the United States, for the month Of June
shows that for ten years they have not been light
which does not look as though exchange was going
TO be very active or buoyant.
The change In market value at the stock TX.
change which took place this morning, was wholly
unexpected by a majority OF the members Of the
board. For week past the languor and inaction
which have prevailed here, abundantly proved the
present unwilingness Of the outside public 10 parl-
cipaie in the exciting game OF stock operations.
Neither the results Of the Cleveland Conven.
ton nor the reduced dividend on the Ga1ena
were calculated to induce speculation for
the rise in railway property. And as 20
the eternally repeated argument about the
cheapness Of money that feature Of the market has
lasted so long, now, that it may fairly be supposed
to have produced all the effect that can be expected
from IL. For these reasons most of the members Of
the board. who had seen the market close dull on
Saturday were surprised by the animation which
prevailed the second call of stocks at the board
this morning. The most prominent among the
stocks which improved were Reading, which has
been oversod and which closed ! ! per cent higher
than Saturday; Panama which, chiefly on the
theory that the developement Of the Frazer river
country must increase the business of the only rail
road line between the Pacific and Atlantic i'm.
proved two per cent; Michigan Central, which
demand for investment from the East put up per
cent Rock Island which advanced per cent in conse.
quence q a sudden demand for a thousand shares,
seemingly for delivery on contract made some time
since. With these leading stocks the whole market
sympathsod. New York Central was and Erie
better; Michigan Southern, do. preferred. "a 4;
Illinois Central, per cent; Calena Cleveland and
Toledo, &. Pacific Mail declined Z, several specua.
tors having availed themselves of the late rise 10 sell
out in the hope Of buying in at better prices II s
the talk in the street that English investments in
this stock likely TO create a demand which can
hardly fail 10 augment Its market value. There is
no change 10 note in the coal bank stocks all Of
which are steady at last quotations. The bond
market was dull, though without change In prices.
The only considerable sale OF Ohio SIS Of 1880,
which were taken at | per cent premium Missouris
are shade frmer. the supply having lessened, and
the operations Of The bears having created demand
for tie stock.
AT the second board, the tendencies Of the morn.
ing continued W be felt Panama was per cent