The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-27
NEW YORK HERALD TUESDAY SEPTEMBER 2 SHEET

is beginning 10 be regarded with dsIlvor The
indications good for advance in the price of money
If the banks return to the safe policy which
they should never have abandoned they will reduce their
discounts million OF dollars this week. and call loans
win rule before Saturday at per cent.
The exchange market for the Persia opens with a fair
demand. Some Of the leading drawers have advanced
their rates, and ask no sic for sixty day sterling
bills, and ITO 11-1G for short sight, for francs 5l3i8
and 510%. II is doubtful whether these rates can be
maintained tomorrow. Nothing is yet known with
gard 10 the gold shipment by the Persia except that it
VIII not probably be very large The rates of
change leave profit the expectation of gold but ship
pers waiting for the California arrival the shipment Of
Saturday having swept the market pretty clean Of bars
The rate Of freight the Persia moreover double that
charged by the Saturday steamers
There was rather more activity this morning at the
Stock Exchange better prices obtained for stocks
Of all descriptions Between the boards the market
steady in the afternoon it without change, and
closed oleraby steady New York Central continues to
lead the speculative stocks The price touched 81 this
morning, advance Of Il S over Saturdays price,
closing IN the afternoon SO bid. The street opinion
is that the Albany friends Of the stock free buyers
but the report from the commission brokers uses the
belief that they receiving no little help from outside
predcated the increased earnings Of the road Rock
Island also very active at advance of e per
cent The third weeks earnings have not yet to
hand. Galena u per cent better the third weeks
earnings SAT 900 against s35 last year, showing
Of 81 9Ss. Southern guaranteed advanced
y the third week is said to have been good
one. Reading and most of the other railroad
stocks steady. What value the public are prepared
to put on railroads which faithfully admins
advantagcously situated may be inferred from
the price of Cleveland and Ashiabua Stock for which
slI5 share bid, without sales There very
little done in bonds The Harlem and Hudson River issues
in demand at advancing prices. State stocks
firm Mssouris touched So to- day At the close the
market irregular the following quotatons:-Mis-
souris, s41s 81 Canton, TIA x; Cumberland Coal
preferred, 1914; Pacific Mail, 7s5s 10; New York Cen
trial, SO 1S; Erie, AZ q; Hudson River, 3514 II
Harlem, 9h ii do. preferred, sc y, Reading, AK
As; Michigan Central 45zS 46 Michigan Southern a ~
do guaranteed, o3ai "a; Panama l171s lis; Illinois
Central, 674 "a Galena and Chicago, 74zS rs; Cleve
land and Toledo, 23zs "a Chicago and Rock Island
6S3s u.
The Vanderbilt arrived this morning with dates to the
10TH Since the sailing of the previous steamer the
of the outbreak the Peho had operated unavoraby
the markets. but the announcement that Great Britain
and France TO operate against the Chinese and
prosecute the war had caused the funds to and
they closed at 95H M-H u advance the last
quotation. Money had grown easier, and on the Stock
Exchange quoted ut x per cent The French funds
higher, closing at 6sr &c. The cotton market is
reported dull; but brcadstuds higher, with adj
vancng tendency. Private letters repeat the
have published twice with regard TO the par
tia failure Of the wheat crops in Southern Russia. In
England and France, too the yield of grain proves less
than generally expected In regard to American
stocks the London Times says
In colonial railways there has been decline in Great
Western Of Canada American securities closed the
as Yesterday.