The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-09
FINANCIAL AND COMMERCIAL.


sl44s,47o in spcc'e on freight, which about tho
amount expected. The only other steamer this week ia
the New York for Bremen via Southampton; under pre-
Gent circumstances and especially bearing In mind the
lude OF Northern Germany at latest advices aud Eng
lands refusal TO protect Bremen vessels shippers are not
likely to send much specie by this opportunity Exchange
closed dull; many expect that lower quotations III rule
next week. Money lie in active demand ong discount
brokers at LAST quotations; there rather more DISPOSE
ton to itrd freely call private letter by the City OF
Washington mentions that the London Stock Exchange
call loan had just been made one per cent per annum:
the rescon ircm the previous excitement is already in
full play.
The great railroad assumes new phase every day.
and requires eay attention to keep the track Of the
ever varying negotiations and hostile movements On
Saturday Last, Mr. Samuel L. Barlow President of the
Ohio and Mississippi, and umpire under the Otober COM
pact despatched circular letter to the four roads, pro
posing new and equitable tariff of fares and freights
That proposal accepted by the Eric and at last we
understand that has been accepted by the Central ALSO
1t has been rejected by the Southern on the ground
that the freight charges proposed low Accord
log to Mr. Barows schedule passenger fares raised
to figure which all the lines consider fair and reunera
tive, and freiehts NOV" --'-r' -" 80 -. ..-' -
-. ' ...oou w per pres
m. The Southern roads claim that advance Of
100 per cent in eshss is needed The New York Central
cannot agree 10 this because has 10 compete with the
canals until some arrangement be made with the canal
managerial such arrangement be made-it IL i'm
possible for the Central to raise ts freight charges
than 60 per cent their present fguro without losing
the whole Of its freghtipg business 1t ID therefore ont
the question expect Mr. Corning to do So and if the
Southern roads insist the point, the must go
unit. side or the other BIO entirely exhausted. A.
however, the Southern lines would, by accepting Mr. Bar
lows schedule purely and simply not only make much
money az they can expect on passengers but kowise
obtain sixty per cent than they doing present
freight, it ia perhaps reasonably expected that they
will not persevere in the views Mr.. Thomson set forth
yesterday AID today Mr.. Barows schedule is not per-
haps what he desires what Re ia entitled To-; but 1t is
evidently ell can get at present, and ia great deal
better for his road than continuance of the present sui
cda contest Nr. Thomson is expected In town night
and will probably Mr.. Corning ard other railroad
mansgerr.
We give elsewhere mass of information about the
frost the 4th june which has been reported having
proved so DISASTROUS II appears to have affected but
narrow strip Of country stretching from Maine down
through New England the northern part Of this State the
northwestern part Of Pennsylvania and the north aud
northeastern part of Ohio does not appear have been
felt with any severity beyond Ohio Letters and teegaphs
from Illinois Michigan and Indiana that has
been doue those States Southern Ohio Southern Penn
sysana jersey uthern New York and the far Western
States appear TO have escaped altogether Nor is true,
has been stated that the wheat crop has ed
So far learn, with very few exceptions, the
wheat is none the worse In many places within the
strip above mentioned the has been hurt but as
general rule the stalks not killed and will gro up
again. where they have been destroyed s not too late
10 replant will probably be found that the sum total
Of the eparabe dams done by the frost on the 4th
June is the destruction Of vegetables ana flowers
and that the stories of oesae injury the crops which
have been circulated in the papers unconpected
with speculatons in breadstus here and in the West
The stock market continues dull, ard prices are de.
pressed large number Of contracts 10 Western stocks
maturing, and the stocks being sold
they delivered Thus We notice large sales Of the
mich gan shayes 0. Gaena Rock Island Harlem prefer
red and other stocks q, lower prices than any
The decline accelerated by the Efforts Of the iobbers
who continue to offer sellers options at large differences
from the cash rates. The disturbance in the money mar
ket, the strength of which many sales have lately
been made may have operated 10 deter persons from
buying stocks but has not diminished the supply of
money available for brokers' purposes. There would be
no difficulty in obtaining any reasonable on call
at the present time ct from To per cent. The feature
Ct the market, sho1 say, general Discrimination
10 do in stocks Bends fraction lower and
sales Of State stocks made this morning at conces
SION from yesterdays prices. The following the
last prices the market being steady,-Mssouris SAX
81 yrgnias, o6'l 81; Canton, Is 49, Cumberland pre-
ferred, II Is; New York Central, TAX 81; Erie,
x Barlem, Ga ~ preferred, 81 a 4; Hudson, 81 u;
Reading, 3tI 49, Michigan Central, Aos1 Al Michigan
Southern, sa ~ do. preferred, 20 "a Panama. llsA
81 Illinois Central 56,l 90; Gaena and Chicago, So.
a. Cleveland and Toledo, 25 u; Chicago and Rock
Island, 5s4 u; Illinois Central bonds, so " Pacific
Mail Company, esq s..
The business OF the Sub. Treasury was q, follows
to-day
90
-roI lV2, 600 90
nu,nI P"y "en" IOS,o2l vi
The exchanges at the Bank Clearing House this morning
were $2oc5s,e47 o. and the balances 81 305, 1875 A.
The North American Fire Insurance Company has de.
clared eemisnnua dividend Of eight per cent payable
demand.
The receipts Of the Harlem Railroad Company for
month OF May are as follows
tsro 66I 81
Tho above are the ret receipts after deducting all
charges.
To TnK EriroR NEW YoRK uEguD