The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-10-11
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The export d. spccie a. seen above was small A.
usually happens when the Cunard steamer sails from
Boston i, may have told against the specie
enough reduce II below twenty eight millions; though
the heaviest shipment Saturday, u VIII only
count one day the averages the aparcu, loss will
be less than the roai This week there will arrive from
California a remittance which viii probably carry the
specie line once more the neghborhood Of twenty
millions and half The sub Treasury has lost during the
week about half a million Of dollars In money there
40 material change 10 report. sixty and ninety day
paper FIRST class sells abou, -four rer cen, AZ bank and
outside Second css paper, al longer dates goes At
Eve a. seven according 10 quality and date Loans on
State stocks call readily obtained At
three per cent, good railway other securities a,
Ibree sud half to four shrcws rarely needing
10 exceed the lower rate Foreign exchange opened esr
last week high rses-ll0 on England, and 5l2H o.
Psrs but zen of after the sailing Of the Boston sicamf
and clcsed for Yesterdays packet iceas u for
ling and 5I2h sl3Ss for francs.
Tic stock market has been very active during The
week. Early the week strong bull party formed
10 operate New York Central and Incidentally IL j.
supposed, q Michigan Central and perhaps two
o4ber descriptions Encouraged by the symptoms OF
rise which evident days ago this party has
tered the field With courage skill aud up 10 the present
time with II does not 10 lie THEN prpoe
eDdeavct stacks wrh snything ike sudden rush
NtW tVfk tNnUaty tne1r ninust stHAllN a
The tate n y 10 n per day; Michigan Central ha
risen st fsssr When these stocks are four FIVE pc
cent higher the calculation that the public will III
and buy freely, having = handsome profit 70 the pro
Jec,"Fs q tho movement Among the other speculative
stccks Pacific Mar hss been prominent THIS iolL
week ago rcse 70 os, ol 70 par, and closed Yesterday
q, los The q the depression was The contract
made by Randall behalf Of new California company
iOr tie purchase Of ihe naltc and Atlantic Collins
steamships The subsequent, reaction was pfe-ilc aie
doubts 10 the ummsiou az thls contract whe
ther be contaminated no. ti,cre cen be no doubl
bu, the PaciEc Mail viii have opposition 10 COZ
tend against We presume that thr the op nou OF the
rpos experienced among the directors a that concern
and that, however large their business b. they do no,
themselves expect teir stock with al The Contingencies
10 which uninsured snd unrepaTed bos are subject 70
rule permanently above par
Toward the chose Of the week movemea, WIS made in
Reading prominent bear said have bough, in his
sorts and tins caused ihs maykes advance about ~
per cent. There n probably road IN the country
Which illustrates forcibs the q railroad
policy than the Reading The reports Of that company
properly studied would afford material for most tho
rough eyTo, Of rs~osi fsscies Nof many months
ago the Reading overwhelmed by a aoaiing debt,
falling bu, little, ALL short Of three MILLIONS Of dol
htf How was this boating debt contracteU Up
10 the very day disclosed the reports
~ the company showed that il was in mos
10. r'shmg condition, making more money than /
sref i'yS ~ dividends and laying BY surplus meet