The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-16

ERlpAY, July i6.-d 2. n

FRIDAY, July i6.-dP II.
The import entries Of dry goods the week ending to
day fsl bat l. short Of four millions OF dollars, and
s- Of dry goods for tho months
80 h.w wh,cn have elapsed Of the current cai~-
- =. s~csss Of ten millions over tho orr.snon,,ry
nsroa Of 1887 Under these crcu, sucss no one win be
surprised to hear that exchas on Europe very strong
a, the highest rates Of the week. and that abou. Two M
lions 0. collars in gold will 60 abroad to morrow In tho
Vanderbilt and City Of Bsltmoren the proportion, pro
baby three egh.bs Of the amount tho former and
yeeighns 10 the latter All the leaing dra xers
sh ppns freely and small being sent for
ward by q number Of importers.
Money continues qnita easy the brokers offered all
they reed a. So, With occasional transactions
a. G; in the discount market Z Ia the standard
rate for first class paper, months to run.
If ecsness were active we should, with the pre-
sent Hoa OF gold 70 Ea,epe, en.te stir in the
money masset; IL rs, could afford TO lcss nearly
half the hank reserve Of coin, and 10 reduce the bank
discounts very considerably and yet have money
seekpg smpoyme than could be satisfactorily placed
There probably never q period when Il DIN
cult 10 ON the of money az during
h. past tnevs months; and though the three and four
per money have passed away for the pre-
sent, existing rates maintained with considerable dim
| crlty.
I
bic excitement, and for time quite marked advance
N prices WAS realized. There were, seems few ont
side orders in ne board; these with the movements Of
the operators for rise rather alarmed the bears, who
led to their contracts and the consequence
was half AT hour OF very unusual excitement, causing
I average advance OF u per cent. The sudden al
| vance, boEever, was too tempting to be resisted
Several Of the buyers proceeded realise aud the
BEARS tskrg courage FROM the reports Of large specie
shipment to morrow, began offer their options under
which prices gave way from "a to per cent Thus vi
chgan Central which opened at shout 43, advanced to
A. fell back 10 43, and closod at AK bid Rock Island
which is supposed to have freely bought for the
rise, opened at 81 touched e. and closed At e bid
Gslena Ga at the opening sold at 6 and closed
644 bid Central opened at 14 advanced to 741 an5
closed at "A bid. Michigan touched 26 TO
edo 20; Reading A. State stocks were equally excited
AesonrS were in active demand at time 1854
railroad bonds were also freely taken advance ever
late quotations. Ca the whole, though the sudden ad.
vance Of the morning not, ana hardly could have
been sustained the general look of the MARKET promised
better for the operators for rise than has done for
scae time past The aggregate Of business done
was very mu ii larger than usual and there appl
rently more people Engaged in it, The fall of this a.,
ternoou may be followed up by q turtle, decline
and new period Of duiness ooxs like one Of the
reactions which Incl Tent every upward movement,
and which serve to tempt new buyers into the market.
In the afternoon the market quiet and stocks closed
steady At the following quotations renneenecs SIS.
So Aissouris, s3js q; vreinas, 94ts y; Canton
1875 Is; New York Central, "A "a; Erie, O.: z;
Harlem. 10 NJ do. preferred 3s4 u; Hudson River
33'a "a Reading, A III Michigan Central, 42L 49,
Michigan Southern, 81 l4 do. preferred, 25,s * Pa
mama, ll7sl lis, Illinois Central 6itk IS; Gllena and
Chicago. e4'4 x; Cleveland and Toledo 25,s ~ Chi
csgo and Rock Islaod, si3S 4; Illinois Central per
cent bonds s3't ss Pacih, Nail, 6s5s ssit.
The business of the Sub treasury was al folio xs TO