The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-26


time. il is natural that upward movements on RE
Stock Exchange should be followed by reactions;
parties who h,ve lost money in stocks and want to
make some of it back should watch for these, and
then buy.
New York Central was the most active of the
speculative stocks to-day 1t opened at "a, an ad-
vance Of since yesterday, rose to 7is, at which
price there were large sales, and then reacted,
closing at 49, bid. The earnings OF the road for
August are expected to show an increase Of $4,000
over last year. The price, as compared with the
average for the past tour or five years, is very low
Rock Island was in active demand at an advance of
1 per cent closing at 644 bid. The report from
Chicago states that the road is doing uucommonly
we'll though, in consequence of the large business
of last August it may not show an increase. To-
ledo was per cent higher, and in active demand.
Galena advanced II per cent on the strength of
the increased earnings the advance in this stock
has been more rapid than in any other. Michigan
guaranteed rose lper cent, then reacted, and
closed at 2ia bid The shorts in this stock have not
been able to their contracts; the dodge prac
tsed yesterday selling the End mortgage bonds
down to 43-was not repeated to-day; A was bid,
but Al As was the lowest price at which they
were offered. Hudson River was steady. Pacific
purchases for Messrs. Brown Brothers. 1t is under
stood that the North Atlantic Steamship Company
is the name OF the new company owning the old
Collins ships The Panama Company is stock
holder to the extent of $500 O00 represented by the
steamers Baltic and Atlantic; and the Pacific Mail
Company is stakeholder for 100000, represented
by the Adriatic. The directors are Messrs VIM. II.
Aspinwall, W. Whiteright, Jr., Charles Il. RUSSELL
Henry Chauncey, J. 7. Soutter, Edward Bartlett
and j. W. Raymond. Mr.. Raymond, it is stated
is to be the manager. The ships cost
100000, one half in cash and one half in Pacific
Mail stock. The first steamer will leave on the
9TH October, at which time the contract with the
| Ocean Mail Steamship Company expires Erie Sc
| curities are all higher State stocks are steady
| In the afternoon there was some realizing by the
bulls, and prices fell off fraction all round. The
| market closed at the following quotatons-Vir
! ginia 6's, 923 90; Missouri 6's, 1928 4; Canton
| Company III Is; Cumberland Coal, Is a 1; Pa
cifc Mail, 70 J; New York Central Railroad, 73s
| "a; Erie, 1; Hudson River, 32s 33t; Harlem
| 81 a 10; Harlem preferred, 36 /; Reading, 44f a
| J; Michigan Central 4i3 &; Michigan Southern
| and Northern Indiana, a 1; do guaranteed, 243
| {; Panama, l16 }; Illinois Central, 65l }; Gale
ma and Chicago, 67a {; Cleveland and Toledo, %
1; Chicago and Rock Island 64l 65; Illinois Cen
| trail 7s, $50 a s9i.
! Money is hard to employ at six per cent. Parties
who have large amounts to lend are obliged to be
content with five. On paper, the only quotable
| change is that some paper which week ago could
| not pass under eight, now goes at seven. Good
paper is scarce. Exchange is very fiat at last quo
tations, but Saturdays steamers will take out fair
amount of specie.
The Cleveland and Toledo Railroad earned during
the third week in August 3404, against sl3,s95
same week last year. The Treasurer writes that
the earnings for the month will be fully up to last
years. This road promises to recover speedily
| from the depression caused by former mismanage
| ment and the effects of the crisis and to become
dividend paying property before very long. During
| the terrible year for Western roads, ending 30th
| April last
II. earned .. .s,. a sss
Net earnings. .s4i4 ASS
Interest So $40 72o, bonded debt 2700 C0
70 cfed. of income stock st44, 455
No dividend has been paid, because the company
| has had floating debt, which is now reduced to
| about $4,000. very moderate increase of bust
| --~-- Al I'LL" +he "nnoorp TO resume the pay
| ment of dividends next year. The expenses are
now less IMAM S5O,OUO per month IoeQo used TO
be popular stock, and to pay fair dividends on
$50 $50 share. 1t is now selling at s23.
The business at the SubTreasury today vast
Total receipts S25I 263 II
Prom custems. a5o,ooo 90
Total paymeDf 3eS,2Il 20
Balan &C.. 4Sn,775 81
The exchanges at the Bank Clearing House this
day were sl7,G93,G7l 50, and the balances $780,,
| 245 so.
The shipments of treasure from San Francisco
| from January to July IS, 1859, were:-
July 10 July Observation-Disclosures a4s4 1888 A.
Exported previously this year ...... 2s 6s5 400 Or
Corresponding period Of 1883 ....., 81 500 eOs 40
EXCESS OF ie59 $3.50 657 AZ
| The movement Of the banks in the four principal
cities of the Union in which weekly reports are
made, shown by their last statements, is as fol.
| lows
York. Aug iss 5ss 50 Is efs SCI
Boston Aug e.. 5sol6 Ss5 l76G29sl t9s.4lt 64t COS
Norssns aug is iscssss5 iSS7S ls, Yi sssiSSi
Last III 9O4 sos i20,446ss AOl@ Nsi4 iss
The Independent Of to-day says:--
The market Is now active large business doing in
staple goods SILL the importers not satisfied they
are putting out circulars to keep prices which they
were certain Of their ground they would do Desra
bic goods are maintained in prices but undesirable styles
Win which the market s inundated offered at loW
Aeaiee The pufchsses, who are increasing In number,
connne their bills to small amounts in expectation Of
| buying more by and by at lower rates. The auction
rooms are being crowded With French and German goods
| which will be offered later in the eeason Prices In Eng
aLd Oh manufactured gooos are frmer, but this will