The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-21

present any drain OF specie ROM hence In that
direction Eastern exchange at Chicago has risen about
per cent days, Notwithstanding very heavy
shipments Of grain eastward by tho lakes THIS fact,
the market maintained, will 10 prove that the pur
chases OF goods markets by the Western merchants
have been larger than was believed Next month"; in all
! probability, the rate must fall.
Money grows easier TIE rate for call loans varies
from 5 Ia per cent but the former about the best
rate which can be obtained ny parties who have large
sums 10 place. At tho discount houses the supply Of
money is large and tho disposition 10 buy paper more
general We hear to-day Of FIRST class ninety day
paper going at 6 per cent Anything good under sixty
days goes at per cent tho brokers buying all strictly
first class paper at long dates at per cent Second class,
usual ranges from 10 H. according 70 character &C
The stock market opened this mornng with consider
able b1eyaney, and te FIRST call stocks higher
On the call the demand declined, and with the
cepuon of New York Central, which was firmly held,
stocks generally rather lower at the close of the
Between the boards the market dragged in the
afternoon the market generally rather lower, and
closed weak. The most prominent stock the list is
New York Central, in which large business done at
small advance. The price reached 81, buyer 80, at the
first board closing in the afternoon at 81 bid The bust
this road is said TO be very large; the late strike
tho Erie has led many travellers and freghters 10
lcct the Central instead OF that road. Friends Of the pro-
psrty estimate the earnings OF September At $3.50 GOO
Among the Western stocks Galeua was, usual,
spicuous; it closed to-day at 75k bid, having sold
high Il cash. The second weeks earnings
in September $50, 100 against $3l 1896 last
year Rock Island moderately active at the
prices current yesterday afternoon the second weeks
earnings have not yet hand they are expected
to show increase of about 000 Toledo declined
24l. Southern guaranteed opened at PAX, yesterdays
closing price; declined to 22s between the boards in
consequence of rumor that storm on Lake Michigan
had overfowed part Of the track and closed 23 bid
The second weeks earnings in September $44 600
against $40 600 last year. Illinois Central freely
bought on speculation and the price advanced to So
buyer co. Closing 6SA bid gfor cash. The movement IL
supposed TO from the other sde where when the
Persia sailed, more hopeful view taken of Amer
can stocks than for week previously. Reading
was fraction lower. Hudson River advanced Y per
cent Pacific Mail was inactive at yesterdays price.
The business in State stocks continues moderate but
there is steady demand for the low priced Stocks such
Missours, CALIFORNIA; and Tennessees, which gives
hrmness to the market Railroad bonds are firm.
The Hudson thirds sold at Tan advance of
two per cent within few days In bank stocks the
ness was very small In the afternoon the market
lower and stocks closed weak the following quota
tons Missouri 6s, SAX s4ys Canton, Tx 10; Cum
berand Coal, Is IL Pacific Mail, s2k s2z New York
Central, SIX s15s; Erie, Al AZ; Hudson River, SO
1914; Harlem, 10 1o14; Reading, Az AK; Michigan
Central, 4Sh 46a. Michigan Southern, 81 Ga; do.
guaranteed, 2s9s 2s1 Panama, 117% 11s; Illinois
Central, 6sA 6s3. Galena Chicago, 1874 75h;
Cleveland Toledo, 24's 24hs Chicago Rock Island,
691s 69s.
The exchanges at the Bank Clearing House this morning
sle, 1924 23l ID, and the balances u 0ls, 1888 os.
The weekly statement of the Philadelphia banks pre-
sents the following aggregates compared with those of
the previous week