The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-08
FINANCIAL AND COMMERCIAL.

FRIDAY, Oct. Z, 1859.
The Cunard steamer arrived yesterday at Halifax and
her has at length to hand. Consos frac
ton higher; but cotton is lower, and breadstuffs
quoted lower, with downward tendency. This latter
item Of entirely unexpected, and will
disappointment Details Of the news will be found in
other column.
The dry goods import Of the week. usual, Is in
Of last year and the year before The figures Of the
import entries 81 10000 this year. against $3.50
in 1858 and $4,000 in 1857. The aggregate import
entries Of dry goods since January now amount to
within few dollars of sos Ooo against s4s 900
within the period last year. and $50 200 600
date of 1857. We may add that period since dry
goods first imported here has the business proved
Improbable than is at present Certain classes
of staple goods being held for market; but on
those classes of goods which must be sold the loss need
by the importer at the present time is actually greater
than il in 1857 Such is the fruit
Of the unwarraned and mischevous bank expansion Of
last spring, which tempted importers to order goods
and obbers import, for the sake Of employing the
money forced upon them by the banks
In some quarters hear it reported that money Is
easier To- day but the principal lenders getting
o.. per cent caIl without any difficulty Some Of
the brokers report that they have money left with them
at 3 5f; these, we imagine, are exceptional cascs
The banks accommodating the jobbers very generally
but the paper taken seldom longer than ninety days
Holders Of long paper, where the names first
class obliged pay heavily to turn ii into money
European exchange is lower; one Of the leading
drawers has reduced his ITO for 60 day sterling
bills. This is about the market Francs vary from
51a to 5l5 the correspondents Of the Rothschlds still,
ask 5.l3ss. Bills Paris scarce The shipment Of
bullion to morrow does not promise exceed 5000 600
$3.50 600, though the by the may lead to
further shipments 's..
The interior exchanges do not vary much and DO not
tend 10 encourage any movements Of specie In the West
exchange ON New York s slowly falling. At St. Louis
gold cheaper The breadsus movement large as II is
is not large enough the expectation that the
Eastern States win be fully supplied by the close Of navi
CATION
The stock market opened stronger this morning, but
fell OF toward the close Of the second board Between
the boards steady In the afternoon there was no
change in prices and the market closed steady The
business in New York Central large the price opened
at 1884, fell TO 7sX, sold in the afternoon at 49, and closed
that bid The increase for September is now estimated
at about $4,000. Pacific Mail also very active II
sold freely in the morning between II and TAX, and
closed in the afternoon at II b. The company adhcres
to its statement that is losing Money though has
lost the mail contract Tho Western stocks were gene
rally shade lower to-day Galcna opened at TN sold
down to and closed at u bid Rock Island opened
at 66A sold down TO 6l, and closed at ak bid The
report for which we had not space yesterday varousy
canvassed in the street, the bears make the Of the
small net profits, only about IL per cent during the
year, the bulls point TO the large expenditures for
sructon which have been charged 10 working expenses
and 70 the increase Of traffic. which already aboat 30