Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1859-07-22
NEW YORK NEWS.

New YORK, July 81.
The money market to-day is, if anything
favorably affected by the foreign news, which,
when taken in connection with the shipments
Of gold has peculiar Importance. The trans
actions in money to-day do not indicate any
change in the sales of interest. The Africa's
news had a marked effect upon commerce and
financial affairs As regards the future Of the
money Market there seems to be but one
opinion, as the termination Of the war would
at once remove any disturbing influence, and
| give freer action to confidence and credit
While admitting the general good which is
to result from the resumption of peaceful re-
lations throughout Europe. The fact that the
news is uniavorabe to Western interest can
not be lost sight Of The restoration Of the
! West through an export demand for bread
stutfs and provisions now appears more re-
mote, unless the crops Of Europe should not be
harvested in good order Assuming peace is TO
result from the armistice, this would seem to
be the only contingency which is to enable
/ Western merchants to emerge at once from
embarrassment and take freely of the goods
now pouring in upon us by every European
arrival. Long faces are quite numerous ON the
corn exchange to-day; the foreign news are
proving very disappoi nting. The decline in
flour is equal to l0(025c per bbl. In wheat
lhtlG - ulSo u lhii W llH uult uoluE ~ INC Con-
cession. Business in provisions and espec-
tally beef and pork, is nearly suspended, nei-
ther buyers or sellers being disposed to oper-
ate at this iuncture.
Representatives Of the four trunk lines are to
meet this week for the purpose of adjusting
some differences growing out of the adoption
Of water rates by the Pennsylvania Central
On the first impulse our Stock Exchange
promptly responded to the extraordinary buoy
ancy in the London and French markets, and
an important advance was established on the
most speculative securities; but as business
progressed the various aspect of the news were
not regarded rs specially favorable and de-
oided reaction from the opening prices took
place. The rise was most decided on those
stocks that have been most largely sold of late
for future delivery. Michigan Central at one
time advanced to 48s against 42t yesterday;
New York Central to 75R976; Reading to
452 Rock leland to 6l3 New York Central
Closed at 754, with pressure to sell. Mich
igan guaranteed 224@22bi Cleveland and
Toledo was the weakest on the list and fel
to 24624b. The quotations of railroad bonds
generally were better but the transaction,
on very moderate scale. Illinois Contra
bonds rose 3(94 per cent; La Crosse lanr
grants } per cent There was an advance o
Z per cent. in Missouri and Tennessee skies
Most descriptions of State stocks are helC
higher. The market at the close has a heavy
appearance, the disposition 10 realize the ad
vance being quite general. The heayiness il
most noticeable in Western railroad shares.
The receipts for duties are large to-day, ma
king for four days one million dollars. The
revenue at this port is very satisfactory to the
department nor is any doubt entertained tina
the next three months will yield the usuR
large sums. The daily sales of treasury notes
are equal to the redemption Of past due note
aud little in excess. Money at the close o
business is in more demand and Brokers WHIT
have had loans from Banks for more than
/ year have been notified to pay.