The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-28
FINANCIAL AND COMMERCIAL.
TUESDAY, Sept. 81, 1859

TUESDAY, Sept. q, 1859.
The steamship Noses Taylor arrived at this port
early hour this morning from Apnwall with the usual
semi monthly remittance, to wit, 2,o42, 1888 in gold.
There has been active competition to-day among the
leading shippers for the bars, most all Of which will
be out by the end Of the week. Coleman, writing
from San Francisco on the 3D. reports active
mand for money, and quotes loans at "a az per cent
month; sight exchange on New York at 2 per cent
premium. The gold coinage at the San Francisco mint
during August was $685. ooo silver $s2 sas. The trea-
sure export during August 4as ess, making the
total export thus far 4s7 against $st 1872 for
tho first eight months of last year From the mines the
reports continue favor the theory that the gold crop
on the Increase taken conjunction with the report OF
increased yield Australia they encourage the expecta
ton that the supply Of gold will few years hence be
considerably greater than ii is at present.
Foreign exchange for the Persia to morrow has been
active all day though rates were not so firm at the close
as at the opening of business. We quote sterling bills at
11oA sic for 60 day bills, and ITO ll-18 y for short
sight; francs 5l3h for 80 days, and 5,l0s TX for
short sight At these the expectation Of specie to
Great Britain and France gives the shipper profit, and
we may accordingly look for liberal shipment this
week At the Of business hours to-day the amount
engaged for the Persia $46S 800 On Saturday the
shipment will be quite considerable.
exchange, have impaired more activity to the money
market, though there is as yet such demand for
money either from South Wall streets sustain
advance The leading discount brokers report
increased unwilNngness to buy long paper; the
market for paper over 60 80 days Is very
firm seven per cent; sales forced, 1t is likely
that advance Of per cent might be obtained Short
first class acceptances continue to sell at six cent and
the established commission houses the Stock Exchange
find difficulty in obtaining money call at the same
rate or 81 State Federal securities The feel
ing among money brokers is that there ought TO be- and
that there will be shortly advance of rates. but thus
far it seems pretty hard to get prices up.
The following comparative statement of the exports,
exclusive Specie from New York foreign ports for
the week and since January ! =
1857. 1858. 1859.
Previously reported 4s,a57,Osa 444ee4so 47,25a,22s
Since Jan. sac 1854 1888 4s,soe2l2 4slel 1877
This weeks exports are considerably less than
those Of last week, partly in consequence of
the very Indictment weather, which impeded
business Of all kinds. The shipments Of -four
the British colonies West Indies and Central America,
continue UP to the The amount Of cotton sent
abroad is rather less than usual
The stock market less buoyan the opening this
morning. Yesterdays heavy gold shipment seems to
have encouraged the obbers to sell stocks for fall
Of the leading speculative stocks lower the close
Of the morning session Between the boards the market
was pretty steady in the afternoon lower prices
cepted many leading Stocks and the general market
closed rather heavy The amount OF business done was,
however, pretty large Several thousand shares Of New
York Central changed hands, the price opened at s2k
fell to SIX at the close Of the morning ses
sion, and closed at SIX bid in the evening.
The street estimate of the September earnings
appears be 100000 Hudson river fell OF to 50; the
earnings of September promise to show increase Of
something like o00 Rock Island opened at 6s fc
OF to 67k, and closed at 81 bid The annual report will
not DO ready for days, and the directors as we
understand, have yet to decision With regard
TO any division Of profits, though dividend may per.
hape be declared, payable in November. Tho earnings
Of the third week in September were In round figures
tsQ, N Increase 0t about oyer last year. Tho