The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-14

Sept l0-Average for last week, which was
,oIs stlps Sne on saturday 1858 oss
Balance SO 1858, 1852
/" 10-Received from Treasury 1922
Average Of Monday. $40 ,7o4 STA
Treasury do. ................. 1894
Average of Tuesday ......: ...... Sc, rs, 276
I" l3-Ireasury receipts .................. 26,703
Average Of Wednesday. So sos ,s7s
Allowing for the falling average of last week, the actual
an hardly be above 22k Millions while the amount of
spscse 70 be shipped this week will, learn be the
best part Of 81, 900 600
The Cunarder of tomor from this port will hardly
take any, the freight Of specie by this line X Of
Per cent while that charged by the other lines is only y
of per cent.
The screw steamer to sail hence Thursday, for HAM
burg win take about $500 and the Arago to sail
IN Saturday, will take about 81 900 600.
The foreign exchange market very firm a, 10 1lox
r sixty day sterling bills chiefly l1o,. Duncan, sher
man & Co. sold f200 900 at ITO HOE, but other
drawer sold below 11o-some at ITO Sic, and others
d llC1 Good commercial bills and
seu at l09 q l09%. Southern bills no. Bills
scarce There is not SO much doing in sight bills as
there The rates HOS TO 11os. Francs have
been active but close rmer. Belmont after selling at
b12H yesterday and this morning, raised his rate to
A1lx in the afternoon, evidently not caring to sell
me. is said he found difficulty in getting the kind of
gold he wanted Convenient francs 5l3, and sight
drafts $40.
Domestic exchanges work evenly at Chicago
ne amount Of wheat coming forward having largely in
creased the rate of exchange has aHen per cent
Al Cincinnati there is abundance offering. At St Louis
the banks furnishing sight funds at q per cent
The whole Of interior exchanges indicates that
the crops beginning to move and the amount be-
comes larger the above will be further reduced
There is an active movement of American stocks from
London this market for resale The sad result attend
ing the management Of the affairs of the Erie Raoad Com
pany has disguised the holders Of stocks in Europe
Nr George Peabody, himself American has sent all his
interest home for realization leading and eminent
commission house in this city has been selling for Mr.
Feabodys account both New York Central and Illinois
Central Railroad stocks Within the last week much has
1een sold and more has been offered Even United States
securities have been sent hther from London
The New York stock market Of to-day has been active
In a few leading speculative stocks only. Under the
continued impetus Of demand from the combined force of
che William street and Albany clique, stocks con-
iinued buoyant Prices again advanced, with slight
falling off in the afternoon The parties alluded to buy
largely time and by distributing their orders to
Yal other brokers' enabled keep the cash price,
for most Of those who sell credit (or buyers option
it s termed) supply themselves at once with cash
stock This, Of course, makes demand for the cash
stock which many of the unnitiaedhat is, the hydra
headed pubhc-consider coming from the outside.
This cash demand Of course, win the moment the
banded clique will buying time. So long the
game lasts it is a safe and profitable business for the
seller he covers himself at with profit
The length OF time in which they have been thus ope-
rating and affecting the market leads many to suppose
shat the public, in some degree, must be buying but
have the assurance of the regular and purely commits
sion houses that their orders mainly confined
to selling and that their friends are taking ad-
vantage of the buoyancy TO sell, believing that
the imitation cannot last The clique in question is how
ever rich Of great the command Of money
and aided by the present easy state Of the market
therefore, the present buoyancy may continue long
their pluck lasts with the risk Of being pucked at the
end. Bodness, boldness, bodness they doubtless think
i the way affect prices avorably and bring the public
in-who they think, only buy in an active, rising
market. So they argue make the market active, and
they (the public will buy One of the parties
acting with them at the FIRST have parted company and
sold out at the present inflated prices 1t be main
tanned that the railroad stocks have actually appreciated
in value from any favorable change the traffic of rail
roads 70 the extent Of the recent heavy advance
Stock Exchange; and although some of the Western
roads show increased receipts, yet these arise from
temporary causes, as in the instance of the Gaena
and Chicago Railroad Company the line Of whose road
the State Fair at Freeport has been held. Besides the
comparison made with the receipts 1866 very de-
pressed year-wh;le if compared with 1857 the compa
son would be highly unfavorabe, namely
Earnings of the Galena and Chicago Railroad
Company for Sept 1851. $3.50 354 Is
Sept 1885, first week about $52, 900 or equal if con-
tnued at that rate per week. to 5000 900 for this current
month"; decline Of $50, 900 from 1857
The closing prices after the second board Of the follow
ing stocks were-New York Central sos: Chicago and
Rock Island, 70h Galena and Chicago, 70 7eIs and
Reading 46, the three first named with sales The mar
ket closed weak yet the closing prices show advance
those Of yesterday. Pacific Mail advanced Il New
York Central, q; Michigan Southern guaranteed, a;
Chicago and Rock Island, Ia; Missouri 6's a. and Pana
ma, u.
The market within the last few days has been literally
upphed with stock, yet has been readily absorbed TO
she astonishment of many As long as there parties
10 buy on time the advance may be maintained, but
the contracts mature and the buyers obliged to
Sel then will be seen that there may be overbuying
~ wen az overseing Stock being piled up in the
nanas Of few, and held on hypothecaiion which will
Dyandbye be forced on me market 10 the les of the last
buyers, whoever they may be-
Inc following are The footSxs Of the Boston bank state
rnen4 for the past week
Capital stock ....... s,x ,os eoo
Leans ana discounts ...........N So 7s5 0O0
Amount due from other banks e on sSC
Amount due 10 other banks ......... \ Ooo 600
Deposits .................... '' ,s,Ioo ooo
~ucuaton. OBSERVATION-DISCLOSURES. 6,u2 500
The returns Of the cotton crop the year en- ding
August 81 show recoiDts of z R51 hal.