The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-24


hard .......--+. .5U,oeo
This large Shipment is made not TO bills drawn
this week but against future well past business the
reason being ase stated that after the
rate Of insurance specie shipped
will be raised cover fall risks. part OF the above
shipment will be in silver but the bulk is gold Asum
ing that the total win be 81 600 the aggregate
snipment from this port since January will be $780,
a 600 against s19 900 900 date last year.
The Of the unusually heavy gold shipments this
year is of coarse, the heavy importaons of foreign
goods. The dry goods table which will be found in
another column will, for instance, explain the phenome-
From that table appears that Of dry goods alone
this port has fsen since January L. nearly s92 06o 900
worth against Sc, 400 900 TO date last year and
300 GOO to same date in 1857 and win also be per
cev&i that notwithstanding se ruinous prices which
many classes Of dry goods selling at auction ana
no,~ outstanding u-.nm ed gut IN ,ne npey
atons last week 81 400 ooo against 81 oes
seek last year. and 81 100000 week in 1sd1
The country, happily, contains go6 enough enable the
banks Il stand the present drain to Europe without
vcnence thus far the penalty Of E.e excessive pora
sons OF us season bat fallen exclusively on the i'm
| por;ers.
Exchange On Europe is very quiet There is a scarcity
OF commercial bills and sellers have heen enabled to oh
tain high prices for them We hear of sa Of fair bills at
1922 40. Tie leading barking houses ask 1lot5
for sky day sterling bills doubt however whether
any bnsness has been done above l. For sight bills on
London 10 II l6 asked by the correspondents of the
Reshsohlds. Francs held al $40 for sight bills and
5i2;5 13% for the usual sixty day bills.
The money brokers Export rather more demand for
money, witho1 any change of rates This arises pro-
baby more from temporary uneasiuess among capital
lists caused by the prospect The large shipment tor1or
row and last Mondays bank statement than from any real
increased inquiry Cerren are so low that lenders
would gladly advance; some have withdrawn their
funds from the market for The present. partly in the hope
that rates will siihen next week.
Business on the Stock Exchange opened with some spirit
this morning There orders the board for
stocks, apparently induced by the late decline At the
close Of the morning Session the market was weaker in
the afternoon was steady and closed rather dull without
, :" Of price New York Central continues to be the
o,ats list Reports of increased business |
!, ~ A III VIC -"w purchases; the price |
- Tue Hne appear to bare led ,on- s1R
cont to-day, closing Z oid as
advanced on' ., the close YESTERDAY 'aieHa
Island were NAcN' Uncut much change
in the price - aer Western stocks there was very
little dor Pacific Mail rose again, closing at 80 against
Ts< Yesterday afternoon The business ia state st'oAS
and bonds was moderate. Contrary 10 an expect'"on
which was pretty general, the Aabas mails ofoueh ""
or no orders TO sell stocks European account in'
furry in London produced by the advoes oi 'ne
,,,ront or a receiver to the Erie appears
70 have subsidized. As soon az iofegn ''p'''''N'
,rcs.,-e Of traffic on the roads in this country
- ro-hors conclude that, notwithstanding the
s,re o the Ere-which hal for years been considered
re.oblc by every intelligent person in this Countrywide
true merits Of the American railroad interest remain 70 Dc
tla clio aft the az Iraa
rather dull at the following quotations 6s "a q
r. Missouri es sisa n Canton Company, 173l 70
Pacific Mail SO u; New York Central, Sls ri Erie
az 4; Hudson River, a514 IL Harlem, 91s z; do
preferred, So IL Reading, Az Is; Michigan Central
asa ii; Michigan Southern and Northern Indiana 6 u
do guaranteed, 2s i; Panama. ..i. limos Ten
trial, G75l Is, Gasna and Chicago, AK "a Cleveland
and Tcdo 23I q; Chicago and Rock Island, 6SA q
! n.liirois Central rs, $50 SO.
Some little conversation has grown out Of an announce
ent By leading foreign banker warning the puonc no
10 purchase bills sold by him. It seeas that h
sold bills for 81 400 sterling TO broker, who gave hi
check for the amount The check proved worthless
the banker decides no, to honor his bills According
the usual custom imagine that bona de holder
the bills could recover the from the drawer,
less the latter could prove that the holder had notice
.. the bad check
Tue following was the business Of The Sub Ifeasor
a. to-day
- 49,, Sl33,zo5
lZD;VVO
70 Payments. ia 334
~ pa"i'' % 1905
70 The exchanges at the Bank Clearing House TO day we
IS SIC 7o4 ,ols 06, and the balances 1856, o35 65.
despatch from New Orleans announces that the steam
OF the 9Th inst from San Francisco has over two m
70 lions in specie board She will be due here on the iii
:, OF next week.
The receipts Of the United States Treasury last we
d amounted TO 1895 600 the drafts issued 20 81 1880
4 | The amount subject TO draft is "a, 900.
Eastern exchange at Chicago Is again reported
cent premium. The previous decline to per cent l
been rapid, and caused such an influx Of currer
that the bankers could not control H. In few day
t. | VIII be safe 10 look for decline.
III The last statement OF the Bank Of England shows
- following variations as compared with the Prev
CT week
nc Increase Deere
he Public deposits EGG
ly Other deposits .......... ..... fi,26 l57
by Notes In circulation ......... 22l
a Rest. ........................ "a -sI
r- On the other side Of the account
GgtQr INF