The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-13

FINANCIAL AND CONNER CiAL..

FINANCIAL AND CONNER iAL..
To TAT, July l2-SP.M
mere was more activity In th stock market today,
nd though she buyers were p-ipcicay oobe the toae
the desnss better and hopeful than for soe
me past Ire number o! purchases On buyers options
'as large, and Of New York GENITAL and ~.
abroad stocks quito corr $50 Or Two other |
have ~ adorable sunounta ar> nm aars,o,, |
taken Tor outsiders In the Western railway
esres substantial aavSsce vas resLzed Rock Island
'ae " es'sri, u; Scbiean sou,ss,.
NatA Ssn'rsl, I. THIS advance =. s'''
''heeo advices Of Simipi,h..
nssaace y is said. ~ ..s IN me TEEN
pa, II Il lasts a. "a receipts; the Gslena,
p.ecc -. me rsss ,a,ou mon, The month, 70
r. i. looks as though the fun effect Of the dimInu'
ON Of traffic on shsee Western roads hsd been oh'
soortsd. The new report Of The Michigan oensrA
Thoss that with earnings $500 600 lees than In iSe-s
hat road earned in 1852 rather more monsy thaD
me preceding year, 30 largely had tho expenses nsan re-
dnoed Al this rate, leading roads afford 10 take
s5Q o lees money per month, uithout trong 1he'r ne
coae And IT, as SET Alucs. certain e.. present, ousi
sss oesins 70 revive in the West tbs fS ana nantner
On the strength the harvest TO improve Tor yesro
come while, Oh tho other hand, the roafs are admin
,atered with an economy predIcaed upon their present
esger earning the prnsyeci Of large net proi on us
adips roaas Of hs West during tha ensuing year rpiN
be copsidercS very prcnispg Wall street much gvec
20 exYemes FROM the depths OF desYsr u spriss At
leap 70 the summit N ptsr We hsd e,ghcp mouths
70 two years ofu WORK, and declnios prices; psrcd
NJ srasmooi, excmert and excessive expansion wo0'n
rot norstoss, though II mort be confessed, this
10 very unusual ssasou for such pberoms
non to o-cur. New York Central wAs steady ths
morning without change OF price; IN the afternoon Sc
closed at AK bid Both this and the leading Western
stocks havs hstp sold with that the
ses Of the hcess alone cuff To sustain sisiug market,
Al effort il being made ny the jonbers the I'm
preston that Of the acts have Co
ver,d. fh,s ia not the case. Within days very
caavy ss'es o. Central the Michigan shares and Gseos
have been made By Of the successful jobbers
for fall IN these securities Hudson River par
higher the earnings of this road continue show an in
crease ever last year State sooks higher day
gssouris sold freely at SO buyers option; Virguia
ard Teonesseee realise better. Panama was per cen,
niener. We understand that the Panama Company ha
not taken 10 large Interest in The Collins
one hall Of toe three In the afternoon stocks sga
rather higher and the mark closed quite firm at the
lowing quota'ions:-M saours, s3s n; Canton, lssl
ie5z; Gum land Coal, 10 Pacific Nail, 6SH Y
New York Central, 74aeH Erie, So X Hudson River
89H u; Harlem, OK Is; do preferred, 35x a q
Readicg, 43 q; Michigan Central, Az. y; MchRao
Southern, a ~ do. guaranteed, 25x AZ; Pa.
mama, III X; Illinois Central, 81 *; Gslsna and
Chicago, e41s x; Cevelana and Toledo, 25s 2s chi
cago and Rock Island, 6lxa5s
bcre good deaf Of discussion going in va,,one
quarters With regard to the prospects, Of the money
ket Stock operators naturally look at the future through
he medium Of their interests for the time being thue
while bulls prospect OF money being maintained
hs present value, perse7erng efforts by the op
pose portion prove that money psncs to be appre
hended at regular intervals till the cessation Of the
few facs very plain II creates demand Tor
money for the support OF armies, II dimtnsnee the
demand for money for the purposes Of trade. Taking
France as an example, latest advises from Marseie:
report that since the broke the trade Of por
mas fallen away prodgiously. The same result 10 ex
perenoed, though &c less extent At Lyons, Paris
the other great centres OF manufacturing and CONNER
cisl activity. Nov the business OF France, since til
.uccsesful orgsriasion Of The present empire, ha
teen very large indeed; may be expresss
in round numbers by stating thst France, /
1856 exported $4,000 cC0 OF her and foreign prt
duce, and imported s46o 600 600 foreign produce an
merchandise Even triD'ng check to 30 enormous
trade as This must throw large amount of capital
employ inert.
Again, many persons reason as though bslligeront
wee likely to deprive peaceful raons Of their Specie
H0th'ns cen be more contrary 10 The fact The flow
| sFeie musI a~a5D lie from the consumer 10 toe pre-
ducer from the be'ieerent manufacturer ana prc
Queer. It is true that cannot be carried on wnou
money! and 'nht 70 get money, such pstous az Franc
and Ausfga viii make heavy sacrioces But the create
he effort TO force up stream ID speak the NOR
decided aud mpotuous will be the reaction: the MOI,
France AID Austria may be wiling pay for materials
war In Inmsarty, the quicker viii their moaey Gad u
way to The places where those ate rails are prsduced
| A general view OF the financial condition Of th,
| United States world iudicase easy money marke
! here this fab were it not for ex ;ess,ve i'm
portssiops. TO what extent these nporasons may
pei US 10 ship s5ece ia the Auguss and Spe
ber we have yet to the iinportstous continue
be heavy, specie must rontinueto go abroad freely
when money is required In thu great west, the price
necessarily rise here IT, The contrary the importer
rest satisfied With what they have one
Why money should rise ABOVE lafe rate IN this ats
Largely have bought of foreign goods .nis spring
re have likewise skipped unusually large snoun,s OF goi
account, at present. cannot show very heavy bsiaoc
seasss IL any event. the Sosernent Of tbe question
| rests with the commerciSl community here
/ Money is working very easily. Exchange ia steady
With very ise ac,rg No specie went to Boston TO da,
| for tho steamer OF to morrow.
III" exchanges at the Bank Clearing House this mornn,
we're 81 Acct 49, and the balances 81 1884 742 81
The following the business or tho sup rreasnrv
20 day.
'a, ,soeps $3.50 4&2 Gu
yosI r.or,s, zIlooo oo
let 03l 81
$500 ~"'oS 49, $50 43
The Canada has arrived Halifax with three days later
news, The details o! which will found under the tse
graphic head Copsols are higher, being quoted AZ 90 Y
eotoa Is "a io|er breadsufs ami provision are auli
Inc hnss County Fire Assurance Company has declsre
dividend OF ave per cent.
The following comparative statement of the ex oor,s
exclusive OF Specie from New York 10 fore,en pos fr
| the week ard eipce Jan. L.
1857 1888 1sso
5oili ftr The week. sa62,s14 l,6o3se3 l0Ssoo3
Previously reported $50 5u2 80 4.4 ~, 40 A,S la
Since jan. 1.... 7ss,3e 3S,447 ,4sl 80 4eS 2ee
nt0ck Exchange.
s,o.o o., 49,, 49, TUESDAY, July 10, 1860