The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-24
herease.. OILS, 1913


gain Of specie, though generally anticipated the
less gratifying as will tend to strengthen the hearts of
some whom the recent heavy specie shipments were
alarming At the came time but right that the pub
lie should know that the specie shipment Of Saturday
vas NOS incisded in the above average the amount &C
tuay held by the banks at present probably not much
over $24 900. This will be further reduced by the
Persias shipment on Wednesday, that but reason
able 10 expect that the next specie average will show
heavy decline The amounts coming from the country,
and the two millions the way from California will in tho
ensuing week. help to restore the banks their
condition Meanwhile the reduction OF discounts Of which
the above return affords substantial evidence indicates
wise resolution the part Of bank officers avoid
the sembance Of danger not likely that tor the pre-
sent the relations between the and tho banks
viii make any change in the state Of either except that
the former will pay for loans The banks think
Of demanding the gold for their overdue Treasury notes
while at the Mr. Cobb negotiating place
batch It to be supposed that several millions
could be placed tho I've per cent. The do
cline in the Treasury balance shows the necessity prompt
action on the part Of the Department
The money market continues feverish, though
advance in rates be fairly quoted. Call loans
offered at bank at g. ard by private lenders at tbs
supply Of money seeking employment in this way is in
excess Of the demand There is change In the rates
Of paper though long paper ia difficult TO sell than
IT has been. Several habituAl purchasers Of mercantile
paper have withdrawn from the market, dee.ning it pru
dent TO leave their money idle for the present. and watch
events. Exchange liz steady at ITO for BANKERS sixty
day sterling bills, the leading drawer asking no. and
l1oh e for sight bills. The business doing for the
Persia moderate From present Appearances that
vessel will take from two millions to two millions and
quarter, ard the Arago Saturday perhaps million
aud half The business Of shipping specie to Europe
BENG overdcne; letters by the City of Baltimore state
that the demand for gold for the Continent has subsidized
and that the British oensgnees OF the gold shipped from
hence viii be obliged to sell to the Bank. Since then
have shipped eight millions, and this week may
ship four Al this rate may expect TO gold
coming to this country from Europe in the fall
This has been extremely dull day 10 the stock mar
ket tho business at the board has been considerably
he Central and Rock leland The former unfavoraby
affected by unofficial report Of the April earnings which
shows falling Off as compared with last April equal 70
sos 000 The stock opened at Tx, decline Of u per
cent n was then doae ~ low TX, but was better
aerward 10 the afternoon sold At Tx, and closed at
~ bid Competition does not appear thus far to have
worked very favorably for tho Central people Offer
ing TO sell the August dividend at three per cent aud
less Many friends Of the property express loud
plants Of Mr.. Rch~o.ds policy Rock Island continues
steady, without effort the part of the buyers. A.
much as 2h per cent is paid for sellers options A
this rate the few holders in this market do a very
pretty business ut the cost Of the obbe The May
nss are said TO DO up TO the expectations of the
managers; no one doubts that divideats Will be
shortly resumed. Tho stock closed 70 day at 62x
bid There small movement In the Michigan shares
to day. predcated in oil probability, the late arrange
ment by which the fares have been raised. The guaraa
teed was steady at 80 In the morning. closing at 32 bid
the Central opened at Al advanced TO AZ, and closed
42H bid These stosks will be good property this fall
GGhena and Toledo steady. Pacific Mail lower.
The business in State stocks and bonds unusually
light in prices there material change. We note
sale of government SIS at advance Of q per cent,
and sale Of Michigan Central SIS at 90, considers
bic decline There was moderate business in the after
noon and apparently disposition to buy but after
the board the market fell of and closed heavy at the
following prices:-Missouris ss1 e; virginias, 9s
n Canton, lsH l9h; Cumberland preferred, Tx
ais; New York Central 72a x; Erie, TX a n; Harlem,
Ioh All; hudson, Blk X; Reading, AK a y; Miohi-
gan Central AN as Michigan Southern, 91k 10; do.
preferred, 3sh d; Panama, ll7Is llS1; Illinois Gen.
trial 65 SO; Galena, 6Sh Ga; Poledo, FIX u; Rock
Island 62 *; Illinois Central bonds, II IS; Pacific
Mail, 72Xah
To-day business at the Sub Treasury follows
Total receEss $t25,147 20
FROM cdsisus. II4,VtW w
ICia payments IZo,0os "a
The exchanges at the Clearing House this morning
amounted SIS 1878 49, and the balances 70 81 476
246 81.
second dividend Of 1886 per cent on all ascertaned
claims against the Empire City Bank will be paid de-
mand and 70 PER cent TO depostors in said bank
demand the Office of the United States Trust Company
The earnings OF the Erie Railroad for the month Of April
1852 were 1886, 342 rs
Earnings April, 1858. ................. $685. %
II -ac O