The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-14
: uxnNCIAL AND COMMERCIAL,

THURSDAY, Oct Is, 1859
Money Is again working easily before The late aur
~. Good four months paper ri per cent and
choice 90 day acccfancos. at 6l The brokers are
abundantly supplied at Ca with the old established
houses money i left call at 81 per cent The
banks said 10 be dscountng all good short paper
they can get
The foreign exchange market opens duh aud inactive
There no change IN the quotations. which are loez.
llo5. for 60 day sterling bills and 5l3 Is for francs
but al these rates there is little demand for bills
There are as yet no signs Of any considerable specie ship
Saturday the $500 900 silver brought BY the
North star viii o 20 out tina. day and proba
bly, some moder ase rem,tanccs Of gold likewise.
The stock market opened with a fair demand, bu, be-
came weaker on the second call and was heavy at tho
close Of the first board Between the boards lower
prices ruled In the afternoon the market was
but stocks generally closed rather steady The business
in Central large The stock opened at soi declined
so at the first board TO e between the boards in the
afternoon II sold at So ara closed at that bid The West.
ern stocks active to-day. Gaena opened at "a
declined 10 73s, and closed at 1871 bid. Rock Island
opened al 644 fell Off 10 63s, and closed at that bid
There fair demand for Illinois Central at a fractional
advance over yesterday price, Toledo and Michigan
guaranteed we're also fairly active the latter declined x
per cent Panama advanced per cent apparently on the
strength Of orders for investment this being one Of the
few stocks which bough, the sake OF the
Pacific Mail II per cent lower The bond market is
ina5ve The Sinking Fund bonds Of Michigan southern
which proposed to exchange the lst mortgage bonds
due year selling per cent state stocks arc
fraction higher than yesterday The closing prices of
the day vere'-Missour.s, s4ti "; Canton, la x.
Cumberland Coal, l2k 10; Pacific Mail, 49,. NJ New
York Central, 80 u; Eric ~ 6; Hudson River 35l.
X; Harlem, ga k Reading, 3s4 a y; Michigan Cen.
trail, 43s "; Michigan Southern, *; do guaranteed
lshs n Panama, ii9ss 100; Illinois Central, e7s5
~ calsna and Chicago, 73 ~ Cleveland and Toledo
q u; Chicago and Rock Island eszay..
il Is remarked that today i the anniversary Of the
bank suspension o. 1857. Considering eyerything,he
crop prospects Of the West, the cotton crop the
promise Of trade and industry, the extensive liquidation
Of debt which has taken place within tho past two years
and the generally careful in which the work Of
recorsirncnon u oceecing-the contrast Is very srik
ing
The Eric directors yesterday proceeded to an election Of
oflcers. Mr. Samuel Marsh was made President. and
Mr. Daniel Drew Vice President Mr. Samuel Marsh IL
the uncle and Mr. Daniel Drew the bondhodcr Of the re-
c.iNer 70 tai there Is 10 hope that The new IA
nis party VIII Ne barGonoas. The new Board approye
u u'e scheme o. reorganization published Ia this ooamn
sc" CAB sAeei abd assure parties Interested that they
are acting - good faith such ASSURANCES are unusuaf
ihA Case however, aay b. an exceptional one
There sono oonycrsai,oh 10 banking circles with 20
gard 70 ue affair q the Colchester Rank We have a.
ready announced the q warren Leland oe d.
Metropolitan hotel 10 tins city. and The threatened .,,c.,
o. his brother and Iartner, Simeon Leland an :,
alleged hcf, cmbezzlcmsns aud conspiracy n 1. ..a
that the charge made a, the nsigaon d oae. o., 49,
Cashier Of The Colchester Bank Ia Cmn.e,ra, /, 49,.
behalf, At the time u ha arrest warren Ielaps = s y
have abored Win such zeal that hc headed = rat, !,
rescue him from the hands ~ tho ofsocrs II uip Ia -
membercd that Jones took all ,ae blame u o. pcc,
transactions Which ended tho failure q to Hang ANA
made hs peace the best he could snoe shop
seems, tIre haze been monetary tranEaccns Doisrea
Leland and Jocs; Tn former ~ The assignee u frm IN
which Jones partner, became posscsacd " certain
property, which tLc .A;cr yanly esdoavoFcd aagoe
him 10 surrender. IL u alleged by Irlsnds friends
iba Jones has coirivee H. arrest a Leland order 10
oomrc him 10 comply VIII h1 demands or, Of TIE
Iapers rhrased H. 10 hwy hl~cs mail ou him. ON the
o.Der hand, h stated by JC0sF friends (he Bartf-d
'" among othes) that jones Incapable az ANY such
"oo'cungs and thai the sraple fact = that sc Ielapas
we're 'hc pfopre'crs q The ccheater R,rk ana rsss,r
sC~ 'o' the act ~heh have ar,.ey 10 b - mach
'canae' "a Heanon. VIA, gives plaaablay - H..