The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-09-14
n ON e y - a RK r. !
45o,2b7


$50 ''-'.-s 1888 sa'2o
As we stated this morning, the specie column
exhibits no material change This day the banks
probah,y hold al least twenty nine and q half mil
hons. which may reduced 20 ,wen,y-eight nil
Eons seven hundred and MY Thousand, or here
sbcuts by shipments on Wedne cay 70 Europe.
the decrease in the loan column il satisfactory evil
dence OF the conservative snrit o lie banking COM
muuity One hundred and twenty-five mil
hon is quite high figure Tor the bank
oans ut time OF profound s'agnauon;
the reduction, which is nearly az the rate
OF million week, is premofitory Of higher rates
for money and less ease in the market. The coun-
Dry demand for money for consumption " IN usual
agricultural aud industrial, movements OF IN. season
continues az viii be seen oy the decline in deposits;
tais would be less agreeable symptom than il is,
were it not accompanied s. a corresponding rcduc-
ticn in the loans. The G1dpwn deposits foot up
sS69Os,l7a On the whole the statement IS sa.sfac
tosy.
Money remains az before. ranging from 10 al
ihe brokers' Offices on call; mercantile paper, if at
long dates, cannot be sold except at pretty high
figure; even good short dated paper may be quoted
at5a6a7. Elk ,hange on Enrops is firm; there il
want of mercantile exchange. and the LITTLE that
bankers exchange sells AZ 1907 10.
The stock market opened this morning under very
favorable circumstances The news from Europe as
well as from California was favorable aad the an
pouncement in he HEsALp that the presidents Of
The several railways to the West, had agreed upon
the terms of settlement of their disputes, was cal
culated TO inspire certain degree OF enhanced con-
Ideuce in their stock. Many brokers and operators
Felt satisfied that under the circumstances the mar
he would exhibit strong, If not a bnoyant tone.
Thes> expectations have not been realized. New
Fork Central, which had sold in the morning, pr
Fa'ely, also, opened at 795, rose easily to So at
which pric, 500 shares changed hands; them on the
second call, suddenly grew weak and declined to
79s, leaving Cd weak. IL renamed dull between the
boards, and thong. it rallied at the second board
closed weak. Erie. Il the same manner was ex-
pected to rise this nnrnipg. II opened at lsk,
and gradually declined al the first and
second boards TO 49, at whh price the last recorded
transaction took place The Testern roads sympa.
tbised Galena opened at SO il the morning, and
closed in The afternoon at s24; Rock Island, which
was fully stacked by the beas declined ! a
!; Cleveland and Toledo deelinea 4; Michis an
South. m, 4; Michigan Central, whicL mar-aired
itself a, Yesterdays price in the morning, Ieclined
per cent In the afternoon; Ia Crosse declined in
enc morning and q further in the afternoon. Ahl.
.on River was this morning freely offered by party
Who has been known 10 have been free buyer; it
declined nearly per cent; but Of this was reco-
vered in the afternoon, making the decline for the
day / per cent. This stock might have risen consi
derabyfor the prospects OF the road are understood
TO re very far-but for the appre nension generally
lelt among tie public that large operators held
heavy blocks of stock which might come upon the
\. Dm.N
etned today, the bears as usual freely
putting out contracts considerably low the markes
price. The bears expect that he costiused falling
fl in the business e ,hi road VIA sooner or later
satisfy the English holders that il M longer de-l.
rsh'e property TO hold end thar IN consequence th.y
will quietly direct their took 10 lie I'D. III Ich an
event, Of course the mlrkst price wo1ld dec,e
rapidly. Pacific Mai aud Panama were both pre-. "
steady, with small sales st tue 50 eoni boar a
sale of the former made AZ a decline Of Z. The
business 10 State stacks and railroad bonds vas
Emall, ard there was no change ~ price w0-th
noting. l., Crosse land grauts declined 4 Tie
closing quotations % the day. after me second
hoard. were a. follows. New York Central, ~ !;
Erie, lst a 4; HUDSON. "a 4; Bending. Asf a 80;
Michigan Central 573 (; Southern, 81 a 4; PAN.
ma, 1884 Z; illinois Central, 70 a 4; Galena, 81
50; Toledo, "a! a 4; Rock i-lsnd, III y 1; Ia
Crosse, "a VI. The market closed duh.
The exchanges at the Bank Clearing House. t.
day we're tls,o7l ,303; the balances. sssj,0i3 "a;
the Metropolitan certificates remain at 81 900.
We have at ieng h, after delay Of over yer,
the first ntmation Of life from the too famous Ooia
Life and Trust Company. The assignees u that
body have Just submitted long, coniu.sd and not
very satisfactory statement TO '.,neir creditors At
Cincinnati We take from It the folio wing con.
densed fgures:-
Iiss,iu 90 81 Glrcr al s5,s ga g,
LIS lnes - York, admitted. ........ los 900 -