The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-06-08

BY TELEGRAPH.
bugh lillian FISHER Son, Stock and Bill Broker
No South street

In New York to-day most of the stocks lower
the heaviest decline in Reading which fell off
board and the second 24 making the total de-
cline to-day 3A per cent. Galena and Chicago de-
clined 4 New York Central II Rock Island y; Ceve.
land and Toledo 4; Harlem 4 Erie Il Michigan South
ern II Michigan Southern guaranteed Il; Missouri 6's
\; but Virginia 6s advanced ~ Illinois Central bonds
4; and Canton q.
The New Y ork Tribune of to-day says
In foreign bills there is but little doing yet The ex-
change circles have been mainly occupied to-day with the
failure at Charleston Sterling is ITO for bankers sigma
lures and commercial bills disposed of with great
difficulty. Francs 5.l5U510.
The official statement of Bank averages exhibits very
unexpected result in the specie item, which
crease of only 500 instead of 00 generally
anticipated The receipts from the interior have proba
bly, been larger than estimated perhaps bank Off
GERS have counted overdue Treasury notes specie
which, practically, they The is certainly re-
marka6e that we have shipped 600 of specie,
not including the last Saturdays shipment within the
past five weeks while the specie average of the banks
shows only decrease of 81 600 900 in the The
loans show contraction of over 81 100 000 which
has been the result of redempons of Treasury notes The
legitimate commercial contraction we think has been
moderate The loans now down nearly IS 600 600 from
the highest point touched February and the contrac
on has scarcely been felt circles There
been calling of demand loans this week TO enable
the banks to take short paper which pays better inter
est The net deposits show decline of nearly S 600 OOO
and they are now Sl3000,0o0 below the highest point
touched this year.
The following is comparative statement of the condi-
ton Of the New York City Banks for the weeks eding
May 2S .une4
Loans... .s1271376 $50 sl25OO6 700 Dec 81 1870 S94
Specie A3l9,S22 %, ,72S, ,3ll Dec sol 511
Circuation..... 1922 653 S,427 ,642 Inc 1874 9s9
Net Deposits. 35,562, ,855 s2,57s,S36 Dec. 2,9s3,5i9
The annual meeting of the Cumberland Coal and Iron
Company held in New York on Monday at the of
fee of TIE Company. There So $50 votes cast and
the following persons unanimously elected: President
Chas Could Directors, Robert P. Getty Allan Campbell
Samuel j. Tilden, Nathaniel Marsh, VIM. F. Havemever
David Palmer, Edmund II. Miller, Columbus Seguine
Benjamin Nathan, j. Hall Peasants, Baltimore Charles
NJ Connolly, friedrich Kuhnz.
report read to the meeting from which appear-
ed that the sales of coal for the eight months ending Isl
January 60 64l tons, but this small amount
yielded profit enough pay all expenses and interest
business has been much favorable and the sales
have been sufficient to warrant the belief that full and
profitable business will be done during 1859.
On Monday the Pennsylvania Central Road reduced
fares to the following figures
FROM NEW YORK PROM NEW YORK TO
Cleveland IS 90 Crestiine. 90
Chicago 100 Cincinnati Is 25
Columbus 100 St. Louis. ..........2 % 25
The rates to Louisville, Indianapolis Fort Wayne Mil
waukie and all other important points in the West
reduced in the proportion
The failure of Messrs. Fraser, Trenholm & Co. of
Charleston, very prominent commission house that
city, was announced at New York on Monday by tele
graph They largely interested in cotton and have
branch houses in New York and Liverpool Later in the
day dispatches received from Charleston stating
that the banks there haagreed carry 500 600 of the
bills of the house and protect the cotton in Liverpool
til the lst of November This IL the house to 20
on again. cotton failure also took place New York
Monday, but the amount involved not mportaut
The decline of cotton since the been
such as to embarrass many cotton operators
The weekly statement of the Philadelphia Banks pre-
sens the following aggregate, compared with that of
the preyious week