The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-17
FINANCIAL AND CONNER GAL.
TUESDAY, August l5-6 P.

TUESDAY, August l5-6P N.
The following is the comparative statement of the ex.
ports exclusive Of spece) from Nee York foreign
| ports for the week and since January1 l.
| 1867. 1858 1850.
For the week. 1887 ,5l2 e83,ll0 1b74tss
Previously reported 417sO965 81 ss2 292 IS sei 1923
Since January $40 7ls4 ATT 49, e45 400 40 ABS
The amount Of last weeks export is unusual, consider
Ds be season Of the year, the small cotton
and breaostufs and the large export OF specie A. this
rate our exports from this port will be in Of
hose Of 1867 and 1865, and the balance of trade will
ease to sustain exchange above the specie shipping point
We have heretofore drawn attention TO the fact that
owing to the large export and high price Of cotton
exports from New Orleans during the fiscal year ending
let ut II per cent greater those Of any pre-
| vious year.
The detailed statement Of last weeks exports which
We ubon, contains some instructive facts 1t appears
that besides very handsome export of domestics to
China, South Americs, &c, New York last week re ex
ported foreign dry goods to Great Britain France and
Germany We took occasion time since to suggest
TO our importers that since the peace might pay 10
send back some Of the goods with which our markets
have been overloaded. The hint, we notice, ia being
acted upon The expectation OF many descriptions Of
foreign dry goods, especially the moro expensive quail
Ties Of silks and velveta-for which the demand will pro
badly fall short Of the general antcipaons OF the trade
~ould SIN be likely TO pay The export table is sweled
by free shipments Of sugar and Coffee which will tend 10
strengthen the market here and protect importers from
the endorsements lately caused by the maintenance OF
market prices in the face Of accumulatng stock It
hardly time yet to look for any export of grain -four
few shipments, however, figure in the list.
Money is not active TO day. The discount brokers com.
plain Of scarcty Of really desirable paper, and call
he well known brokers supplied at ~ &C.
coIding to securty, &c The bank statement of
oil IN
20 ncrearo sho Of mouey seeking employ
| mercantile paper. II the banks would make three or
tour such statements the panic makers would lose
.beir vocation.
Exchange per the Persia is dull and Inactive. The
agents of the Rothechilds are selipg bills at
TIC $40 snd llo Gle for sterling, and 5.la% for
francs but these rates above the market and are
probably only given by houses which restricted by
beir European correspondents to bills Ro,hschld The
bpmeDt by the Persia will probably range from $500 600
% $500 Geo; the freight charged is twice that which
ssied Cd the Saturday steamers. Money s coming in
pretty freely from the South and west heavy reulit
may shortly be expected from South and the
prospect Is that the banks viii make very strong show
next Monday.
The feature Of the stock make; 70 day was very &C.
Vere attack on several leading stocks by the oears who
for some weeks have made money, and becoming
impatient OF further delay Their offerings Of stock below
the cash price the absence Of any demand
FOR stock from outsdecaueed slight but general de-
clre in prices, which lasted throughout the day. Among
| The stocks most severely attacked Pacific Mail OF
which thousand shares sold seers' option cans
the price to recede three per cent Rumor Of course
accuses the Commodore of the sle. So long az the des
tors of the Pacific Nail Company keep their g.
cret from their largest stockholders they mus expec,
their stock TO fuctuate. The Western shares, espe.
| cially Michigan Central and Southern guaranteed,
| which have lately shown tendency to I'm
| prove, were severely hammered. We continue 10
receive from the West accounts Of improving traffic. The
Cleveland and Toledo learn by telegraph earned during
the second week in August $2 being only $44 thaa
the came week last year. The managers of the WABASH
Valley road look forward to much business they
DO Ali the Western stocks, and especially the Michigan
shares have been 80 largely cold by the shorts thai
the frat real Improvement in traffic will stampede
among the bears New York Central steady, though
hoty attacked. The road DOING well; during the arsi
week in August gained Sl2 900 last year. We
derstsnd that the Erie will send representative to
Niagara The Receiver considers the present fares,
pecally third and fourth freight too low and DE
will concur in any plan which has the effect Of raisicg
them. II b known that the Pennsylvania and the
Baltimore ard Ohio in favor Of higher freights.
The canal also, nterposes objection IT. therefore the
advance which 10 be generally deemed necessary
be withheld the responsibility will attach TO the mn
| nsgers OF the New York Central.
In the afternoon the amount of business done
was moderate, and the market was generally shade
lower. Socks closed dull at the following quotations.
| Mmsours, S23I a; Cumberland Coal, 12H Pacific
Mail, TAX 10; New York Central, II q; Erie, 1s
Hudson River, 3 u q; Harlem, OK q; Reading, Az
a43; Michigan Central, 4214 n; Michigan Southern, el
M do. guaranteed q u; Panama, 1I5 n; Illinois
Central, 641za II Galena and Chicago, 64X u; Ceve.
iand and Teledo lsz x; Chicago aud Rock Island,
| 6l%a62.
Mr. Marsh, the Receiver Of the Erie Railroad has
entered into possession Of the property. Some little
furry has been caufed In certain circles by report that
the stockholders in this company about 10 repudae
the fourth mortgage The story have originated
| rom some light remarks In . Ing contemporary,
Who, We are sure, had intention Of Recommending the
company to repudiate lie debts. We trust and believe
chat no legal bubbles win be allowed to Interfere with
tue adjustment Of this complicated concern, and that all
classes of creditors will DO dealt with fairly and honor
'by Tbs does not near Of course that the fourth mort
cage creditors shall obtain everything and other creditors
nothing AZ we explained Monday the fourth mortgage
hondholders can, they please, take the property by
the debt overdue coupons and second mort
gage; more than this they cannot expect Mr. Moran
Is about coming out with a proposal for reorganisa
ton on basis Of about s2s, COO e0o he leaves ell
'he mortgage debts "a they gives the unsecured
stock at for their bonds and the stoskhod
ers new stock for the old A. the rate OF 10 Dor cont He
aio ssuss 81 $50 900 Of stock which he wsnts
money Ills easy TO understand tnst Mr. Moran should
seek 70 prevent the ruling out of the fourth mortgage
Shch be neRotaed and Of unsecured bonds most OF
Which he sold but 30 eusy 70 gee the ADVANTAGE
Of REORGANIZATION ub,cb leaves tho RI, b