The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-07
2,9s3,6l0

This is certainly astonishing return far DC the
specie column is concerned The actual shipment Of
specie which told against the bank statement OF 20 day
was over three millions; yet the banks only show q
loss Of $59i ,5ll. Within the past fortnight eight
millions have been shipped TO Europe; but the New
York banks have only Lost about million and
half The gold, il ia evident, has from other
sources-from the South, from the We, from the Sub
Treasury from the savings banks aud from the safes Of
private individuals The fac; conveys and portin
instruction with regard to the of the country
and furnishes pretty conclusive TO the predic
.ops of the croakers who have been prophesying
panic and fresh bank suspension. rhe curtameD. in
the loans column is satisfactory the public will be glsi
to perceive that the banks not pursuing the reckless
course which proved disastrous in 1857. II my be
hoped that the curaient of loans will continue for
weeks to come, until in fact, shipments OF cotton and
breadstuns warrant fresh expansion For the present
prudence and caution the true policy they may
ne overthrow Of few weak mercantile houses they may
dsappon. few stock epocuiators but in the end they
will answer the country q needs, and form solid fo0u
daon for the mercantile community 10 build on nex.
year.
The market for foreign exchange opens very weak.
The correspondent of the Rothschds has lowered his
for sight bills to 10 l6 for sterling, and 5s for
ranos the ate for sixty day bills continues oe
ITO end $40, but at tbese figures very little is doing
To morrow, perhaps, there may be more Inquiry for
bills but the unwiingness OF the banks to discount
paper naturally TENDS to check the de nand Some specie
is already engaged for the Cunard steamer Of Wednes
day. till to afternoon, viewer, viii be mpoes
BILE 10 form reliable estimate OF her probable freight
Many leading shippers seem to think that it will not
coed million Of dollars. Hitherto the correspondent Of
the Rothschlds has nearly this by each
opportunity since the broke out Money in pretty
active demand 10 day, owing to the refusal OF several
banks to discount pape street lenders are obtaining
very high rates, especially where little risk is
Sugar paper and pills in especial dsia
At prefent. We have heard Of trouble among
the susar people since the failures at Portland
but there is q good deal of anxiety felt about
Of the weaker houaes Since the decline in
began, several firms OF secondary standing have been
compelled 10 ask indulgence OF their creditors; to-day we
have to the soppage OF old house Of Trenholm
Brothers & Co., Of New York, Charleston, New Orleans
and Liverpool The suspension originated with the south
branches Of the house, ts immediate not
actly understood, but will probably be found to be the
heavy decline in cot.op and the difficulty of selling
camille exchange England. We understand tina. the
Charleston house has already made arrangements with
the banks for the projection Of It's paper the standing
of the firm and the individual wealth Of the partners en-
courage the belief that liabilities branches
The partners the in all the branches the Liver
pool firm win therefore suspend receipt of the
The stock market opened very dull this morning, and
prices Of railway stocks yielded the hamerng of the
jobbers. State stocks the contrary, held their
pretty WELL though offered, SELLERS options, at
derabe concessions from the rates. Toe calcula
on Of the bears that the bank contraction Is going 10
force stocks into the market has been verified
Money is quite abundant on cali at aud there are
signs Of any diminution of the supply available
for brokers' purposes. Bonds are generally steady
at last quotations. New York Central opened a.
about 73K, and steady at that price through
out the first session OF the board, while sales
were effected seller l5 at Il per cent below the cash
price. Alter the board the stock demani for de
very and the price to 10 73s In the afternoon
sold at 10 n, and closed ut 72L bid No answer has
yet been received from the companies with regard the
latest proposed COMPROMISED stockholders AMI friends
the roads are very arxousy awaiting the de-
cson Of the Presidents. The Western stocks were
1erally lower in the morning; in the afternoon
ney were better Rock Island has ceased arac.
cAl attention The joobers continue TO Sell all the West
ern railway stocksthe Michigan shares, Rock Island
lena, Toledo and Illinois Central-at heavy differences
from the cash price, in anticipation of prices much
than any yet reached TIE reports from the IVES;
true to encourage belief in revival OF business
fall. Reading is lower. 1t promises to prove a second
Long Island unless the short sellers should agan
vive the market value of the stock Panama ia seady.
Pacific Nail declines fraction every day. In the after.
the amount of business transacted was moderate
and stocks closed steady at the following quotations.:
Mssours, s4h u; Canton, 10 a u; Cumberland, IS a
X; Pacific Mail, 70 -; New York Central; TEX a 3D.
Erie, 5% 4; Hudson, 81 ii Harlem, loH Nj Read.
ing, 3SH 80; Michigan Central, AK a AZ; Michigan
Southern, Ga 4; do. guaranteed, 81 NJ Panama. 1i9 O
u; Illinois Central, 5e14 u; Galena Il Chicago 64N
q Cleveland Toledo, 25% 20; Chicago & Rock Is
land, 6sL y.
The business of the Sub Treasury 10 day WIS as FOL
lows
TOTAL receipts. $3.50 6sa es
-for Sustoms... NEUTRALITY-SUSPICIOUS.. o. 900 o.
Ia5 nj 4s 800 3,
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