The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-10

DO DO snares .d,s as q Al
Michigan censsass per cent, 1869 .......... 20 80
W., 1,.s; 49,. - =. Ia , 'iisss ~ 70
Do per cont, convertible, 1864. 49,. IS . 90 4
No.. shares ..:.................;:.: SS %
NV ''f ~ 'u 80. Isss P'' ''"'' IS 81
DO shares .,,,,....,............... B a
Panama per cent lss mort, lshe.. .......l02 i0t
p ~. ,; rs,.,c I"s 80. 'iecasa s1n soN
sa.,,,,,,,o,, ..,,.-
-, 81, $40, - .,o,, ,,,.. has c,.s,,.,,v
strepe,pene1 aod con.ois havs improved 70 a2.[ a X
FOR money account Zoo panic Caused cy the Sudden
ana ALMOST ulSa,ss' ears 70 % money On naos 49, t
acSliy sra 90 y lsf With their money aneuployet toose
who usually borrowers deciinog - take m>oey from
sr ~ nsss miosa an, snat pusson ls ssros
per cen. IL the rate for nsss p,. Amee,cau SECURITIES
have been rather more in demand parscalariy Uaitef
stse per oen, Sopuh rennsy,vau'A 800 ssoSs osIus
ia auts k o. In CHECK py the cootnusuce of tao a,,rd
ard sunous competition, destroying as doas ell nope for
nSrshu w msns eases' .ssasilns reas,'o1 =, avoena
nsna Of I'M west on sonds may in soma cases Ia
irterfered with.
The money market continues 10 exhibit activity, and
rates for paper higher Some very good paer-sour
months runhas sold day nine per cent and
with the exception Of very choice lines indeed sboad
say that s present. eight per the rate for papsr
so days. The best short acceptanses 60 at seven
per cent second class at 10 H. a,cordng dase
&c. On CALL money ia abundant enough at 70 o. Toe
present activy the money market arises chiefly from
the action Of tho banks which are wsely continuing TO
contracts and in order to do 80 ere calling 10 the demand
loans they have out on mercantile paper This floods tho
market at time when there is really very M.:ie new
paper making and enables the strong houses to ax their
price for money Should the specie shipments cease.
ana the banks get rid Of the paper which they hold as
collateral for loans, would be difficult sustain the
f,r erisliv ; 4 Ia,
cheaper in England There very little doing in tho
change market The correspondent Of the Rothschds
Iaeed his rate 10 1907 for so day bills and for sight,
ss he usual commission to brokers' the other leading
holding at about the same rates But thew are
selling no bills The prevailing inpresson a,pears TO bs
at for the present. the wants Of the importers been
sappied aud tina. very few remitauces win 20 forward
for the next week or two the amount obu,uess dous IN
foreign exchange during tho mast FORTNIGHT hss bean
suav larse Il seams To he exuected that thu Steamer
Ns YORK on saturday viii teke little or no so,ce shin
pers would have to be their own underwriters apa,us.
Iosses bv CAPTURE as the leading rsurauce conn.n,es
ii, not insure asanst such risk and ia evident from
the foreign papers that declaration Of war BIZ Franco
arans. the German cities might take place at auv mo-
ment.
TIE stock market better to-day The presidents of
the leading roads hsve been in session all dny at the st.
Nicholas and come orders which appeared n the
for Western stocks Bald to be based upon tho expec
taton that they would at last settle their difficulties and
fares Up to the closing Of business hours no settle
ment had been made. But it appears 10 be generally
expected that something win De done that the leading
presidents will resign Office For, having to
settlement they have done, the question Of 40 per
cent on freghts being the only Ia dispute the
public would infer they ngan parted to continue the
war; that the chief obstacle in the way Of compromise
the personal hostility Of the rival managers toward
each other. And though none will dispute tho ability
either Of Mr.. Corning or Mr.. Thomson, the very bss
endg Of both must admit that the sacrifice OF these gen
tiemeH would be calamity Of less magnitude than the
ruin Of the New York Central and railroads.
TO be hoped that both misfortunes mey be avoided
and mai the Convention win at length decide upon
promise WHICH may DC satisfactory to all parties, and
WINCH AL CHI carry ont 1ai'hinuy ana honestly
~ ~sA'9iy oS""0"
III ITice touay Ine BLOCK opened IN,
advanced 10 49, which was bid bet yeen tho boarts. in
,y,n ,for,c1, a cola "a ...na :. ~.
Western stocks were also better s,uthaso ensran.
teed was very scarce. aad an advance Of one 10.
cent vss realized a. the FIRST board Rocx rs,ans
wac a,so fraction bet.ar though dan casr. cortnrev
z, h., attached with I,oldnsss nv tba ;ohnar p.a;,
-. -. =. -. - . =,