The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-15

UUpUHEtH TOHUe. suits AEAnSt
many liquor dealers recently which has produced the eff
feet OF making others apply for licenses.
FINANCIAL AND COMMERCIAL.
WEDNESDAY Sept. IA, 1859
The demand for money continues slack compared
with the supply One large foreign exchange house has
been offering money loan to-day per cent while,
on the contrary Belmont called in loans both to-day
and yesterday. The rates for money remain much the
yesterday, but there is rather paper offer
ing. Strictly first class under four months dates passes
readily at per with the regular discount brokers
The second class paper that is offered does not
readily Capitalists still prefer TO loan their money
call at low rates. rather than invest in any except strictly
Al There those however, who think that there will
be such scarcity Of first class grades to lead to
investment in second class The banks discounting
freely for all their customers literally helping the bust
community in anticipation of their October wants
The business houses who free from any suspicion
of lingering embarrassments and complications from the
panic of 1857 are easy and well supplied with money.
The timely warnings given the business and trading
houses Of the country in July and August before they
entered into engagements for the fall trade have
preserved legitimate traders sound and healthy con.
dition.
The general trade of the country never in more
sound condition. The movements in specie to-day have
been as follows
This mornings computed average, which is falling ono
Shipped day per Africa ACKNOWLEDGEMENTS. 1874 266
Total. .....................s 81, All ~
Paid into Treasury receipts. .......... 1891
Average of Thursday Observation-Disclosures. 81, 427 1928
The Bavaria steamer TO sail to morrow for Ham
burg will take 500 0O0 and the Arago sau rday for
Cowes and Havre 100000 OF that by the Bavaria
$3.50, 900 are Of silver.
The California receipts win thus be wholly absorbed by
Saturday night Next week, also, there are indications
that nearly 80 900 600 of gold will be shipped Near
ly the whole of the California remittance was in bars
The money coming for duties is small in amount,
most OF the arrivals going into public store.
The amount Of customs receipts to-day was only
81 900
Total receipts in Treasury .............. s20l 655
1oi pay lS6o43
Balance. 4,SSO OQ2
The Assistant Treasurer of this city continues 10 make
daily sales of the last of Treasury notes
The buyers mostly merchants and savings banks in
situations.
The foreign exchange market inactive today Rates
are firm. The quotations 10 1lois for go day
bankers sterling, 11os 1107s for sight bills, 100 lO9
for commercial bills. Francs 5.l21s 5l3& for 60
days bankers drafts.
The stock market still keeps in the hands OF the clique
for rise though to-day some decline has taken place
and disposition evinced to realise. All the large
purchases have been for resale OF the
market and Of the speculative stocks have been
bought for permanent holding; yet under united pres
sell, the market has given way. Some of the
bulls have actually sold to-day. Prices continued
droop the close Of the second board though some
faint endeavors made towards the end to get up
rally but they wholly failed. The bulls, however, have
great interest in holding up prices let them go down
suddenly and consequently continue to buy more
less. The commission houses doing little or no
thing purchases They have orders to sell from
outsiders. The investing public have been far sellers
buyers. The few realizing sales made to-day
account OF Of the spectators for RISE were
bought by others Business at present have too
servative feeling to try their luck in stocks The fuc
prices of those stocks held by the bull party
therefore promise to be frequent and uncertain With
such influences at work the future is conjecture At
present the abundance OF money call avors the carry
ing OF large amounts of almost any kind Of stock The
apparent profits to be made by studying the stock list
from day day, it is suspected by the spectators, viii
tempt outside buyers buy This has the case
fore now; but the ruin Of many houses 1851 from
bling in stocks Is the memory of all to be
forgotten yet by merchants. sharp merchant has
yet been match for sharp Wall street specu
ating broker.
We give below the total earnings of the Galena and Chi
cago Railroad for the months ending July 81 in the
years 1867, 1858 and 1850
1857 sl177 743
1855. Observation-Disclosures. $50 7l2
1907 go 29
Supposing the remaining five months of the year to
bring in fifty per cent more the total will only equal to
the receipts of the first seven months of 1859.
The closing prices after the boards of the leading specu
lave stocks follows
New York Central Observation-Disclosures 0ls s0sz
Gaena and Chicago. NEUTRALITY-SUSPICIOUS.. T5ls 15S
Chicago and Rock Island Observation-Disclosures. COZ 691S
Reading. 40 a 4514
Gaena and Chicago declined to-day altogether one per
cent and Rock Island per cent; Cleveland and To-
ledo, one MICHIGAN Central y; New York Central, a;
Michigan Southern, Ia; Pacific Mail Steamship stock
advanced u per cent.
The Insurance Commissioner Mr. d. B. Brit,on, has in
formed officially behalf of the Comptroller that the
Safeguard Insurance Company has had its license TO do
business in this city revoked by the Comptroller This
company, we hear has issued 900 policies through
its agents out West, within the last few months
The Phoenix Insurance Company, Of Brooklyn has
declared half yearly dividend Of 10 per cent payable
No. 90 Wall street.
The Norwich and Worcester Railroad Company will pay
It's dividend just declared Of % per cent the LIST of
October, at the Farmers Loan and Trust Company
The following table shows the exports, exclusive of
specie, from New York foreign ports for the week
and since Jan. L.
1857. 1858. 1859
Total for the week.. ssq9195 81 POS l53t5Is
Previously reported 40 2s7 1853 a2,54S,00S "A AS 265
Total since Jan s4T ,1s6 94s 434le2l6 45 g7e 5s3
Our banks have voluntarily adopted the rule of keeping
hand coin an amount equal To 20 per cent or ,hoir
deposits The banks of Louisiana are required by law TO
keep onethrd And it that this the practical
rule Of tho banks of France and England
II has been stated in OF Mr. McCuloch's works on
currency and banking that the authorities OF the Bank OF
England endeayor govern that institution so that the