The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-06

Though the specie column is not largely Increased as
was expected, the statement is strong one considering
the season Of the year and all other circumstances This
week the banks viii lose specie, as there will be fair
export on Wednesday by the Etna and on Saturday by
the usual packets The banks win doubtless see the ne
cossty of reversing the policy they have pursued this
week and contract ing their loans at once Thirty days
more Of safe, prudent management, and the banks will
then be free follow the path which their interests sug
gest
The stock market continues strong and animated II
closed dull and weak Saturday and several specua
tors ferring that prices would be lower this morning
sent in buy the morning board hence prices
ruled considerably higher than Saturday afternoon
The leading stock of the day is Michigan guaranteed,
which opened at &C. advance of per cent over Satur
days closing price, sold high 49, and closed at 25
bid difference of per cent obtained on sellers
options, and sales buyer made per cent below
the cash price The secret of this singular phenomenon
very simple. On Friday, when the news of the trouble
Iapore reached the city, enerprsng spectators
fastened sell 900 shares OF the stock deliverable to-
day, apparently calculating that the road would break
down and the property go out Of existence because few
borers and others at aporte were resisting by violence
the closing Of the companys workshop at that place
The sale was followed up by an elaborate da-
tribe against the company, which seemed to indicate
that an exocia whose connection with the road had
reflected neither honor profit either the company
on himself, was again endeavoring to inure the pro-
pery Of the stockholders To-day the 5000 shares
due, at prices ranging from % to "a. We believe
that the parties who had purchased this stock were
willing to any failures and henca that the de-
lveres made easily than might otherwise have
been the But from all learn, the propensity
Of the sell the stock and bonds of this company
short-a profitable business enough for the past six
months-is now likely to prove a costly pastme Rock
Island higher to-day. The earnings for August as
elegraphed, amount to $S4 700 against $S1 026 tee
graphed report of month last year. Central
was higher; Hudson River advanced 4 per cent Hi
nois Central was steady The August earnings stated
at SIT $780, against S2O3 600 month last year State
stocks generally are in very good demand improving
prices, and the whole market healthy aspect.
Stocks closed very firm at the following quotatons:-vir
gnia 6s, e44 *; Missouri 6's SAX a Canton, IS
q; Delaware and Hudson, 93}i "a; Cumberland
Coal IA a 15 Pacific Mail, S5A Sc; New York Central
1873 n; Erie, ~ Hudson River, 35X 361; Har-
lem, 10 q; do preferred, 365l 37l; Reading, 43x
AL; Michigan Central, 461s *; Michigan Southern
and Northern Indiana, Il; do guaranteed, 251s
20; Panama, III x; Illinois Central, 6s2 a 81;
Cleveland, Columbus and Cincinnati, 90 e3s6 Galena
and Chicago, 721s x; Cleveland and Toledo, 25s
rs, ass.
There is no change in money or exchange to report
The exchanges at the Bank Clearing House this morn
ing $23 5sS 800 81 and the balances 81 1893 ST.
The following was the business of the sub Treasury TO-