The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-31
FINANCIAL AND COMMERCIAL

TtssDAY, august oV--o +.
The stock market has be ;ome perfectly rampant and
the two leading bear houses have failed Stocks opened
morning with an active feeling; there were large
number OF orders the hoard New York Central and
Western Stocks and notwithstanding the osrnss Of
the joboers for fall, prices advanced from u to per
cent after the board the excitement increased II
generally known that leading besr operator had
failed to mako his deliveries and this usual n sucn
cases impaired fresh courage 70 the bulls New YorR
Central which only STOCK dealt in any
stteet, up to TX, and the list generals
sbowed corresponding advance the second board 10
he afternoon the failure Of M r. Bro
Mr. Brown has been for about year the largest opsraor
At The bosId the amount Of stock under con
tract 10 eeliver must be His failure there
wne the ultimate effect be discouragug to the
hear see. affected the market iDurousy spur Of
&c moment, and prices receded from a q per cent
The general market closing unsettled.
inc OF the liabilities of the two houses we have
mentioned will not be known TIL 70 or mex. lay
MS assorted by their friends that they will pay up their
loses full, trust this will be case II Is ooy
few Weeke SINCE the street lost in admiration of
good fortune which enabled the bear obbes make
oen and large fortunes by hammering railway property
into the dust Amo0g those whose luck admired
the most conspicuous three Operators all Of whom
nave failed within a week. During long period OF
'be,r sscendspcy these houses lost by
have its weight with them 1T the present time.
The most prominent stock OF the day conpues TO be
York Central WHICH, after opening about aavanees
77H The afternoon, with very large TRANSACTIONS aao
closed at 763s bid. Rock Island also greatly exc I'd
fne price from 81 69z closing 67X bid Toledo
up TO &C. closing at q bid Guaranteed advanced to
q, cIosiDs at 25tz bid, Hudson River sold at 35h
closing at S5 bid All these rose 30 fast that in the
afternoon especially after the failures have mentioned
holders FASTENED TO sell, end the price declined For
come Gays reaction has been probable and much de-
sired BY parties interested in the Improvement Of the
market The advance Of the past day or has bosp
TOO rapid; decline of Il per would snord the
pubic better opportunity Of coming in tnan they coua
have stocks continue 70 advance at the of par
cent Gay. The cause which underIies the present
movement will operate With increased
advances Holders OF railway property need not alarm
themselves about temporary decline 10 prices Che fol
lowing we're the LAST quotations Of day:-Missouri,
ss,4 " Canton, I'M sS; Cumberland Coal, lax a
1875; Pacific Mail, So u; New Yo Central, FOX e
E'ie, 81 Il; Hudson River, IS II; Harlem, lca IL;
Residing, 449z y; Michigan Central, 46 NJ Michigan
southern z 1; Michigan Southern guaranteed, 251z
4; Pansma, li7a1 lls; limos ceotrai % NJ Gaien.
and chicago 70 ~ Cleveland and Toledo, 25 Il; Ch,
cegn and Rock leland, 67H q.
TIE money marke. wofks very easily. Very choice
short paper 10 zone at Ga and cali loans quoted
at though brokers obtain % much money az they
want at 6s g. rne last bank statement, wing de
cline In lohos, has completely confidence In
tbe future, and the banks psrsevere their presen,
policy there will trouble In financial clscles this
tall.
Excbar ge on Europe is dull though some commercial
oiIls are quoted ira on higher than last weak BAnk
ers are asking lilo llo for so DAY sterling bills
ti0 ior sight bus; but tho report
here is DO demand The steamer to morrow will take
little specie, bu, fair amount will 20 abroad on
saturday,
Essserp exchange at Chicago has declined 10 tx and
bankers expect iurther fall. The shpments of bread
sns viii have 70 DO very large, however, TO reduce
cnaIge 10 point vt which spesie Will be fro
Our market continues relieve itself Of sugar and
re The export Of breaassuas ia small, but We notice
shipment OF flour to london, aud usual shipments to
soe British Colonies, West Indies, &C. The following is
ire complete statement Of the exports excusive Of spece)
New York foreign ports for the week and since
January -
1857. 1868. 1852
For the week. ..... $l,l4901l 1927 s38 l,2t8,b3l
Rfev ousy reported "A 6s2 40 23i $50 1884 67b
----
Since January l... s45, 1881 7O3 oT 42,SS3,i06
The exchanges at the Bank Clearing House tus morning
we're 81 ,sS6, $40 81, the balances $500 $50 &c.
The statements of the Philadelphia for the past
t~o weeks compare foows:-
Aug %. Aag. 90
Capital go 925 ,o22sl5 mo- 81 800