The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-28

week on the Southern, on the Central and the Ceve
land and Toledo show small decline as Compared Will
last year The managers say that the storm operated
| fayoraby on their receipts. Galena was Y pr cent
lower This road for the first three weeks Of the onth
Isl 900 ahead OF last year. Pacific Mail and Pana.u
were both II per cent lower No change has yet taken
place in the relations between these companies and Com
modore Vanderbilt s stated by friends Of the Pacific
Mail Company that the ships have made trip at
loss since the competition began; parties toeraby well
acquainted with steamship business doubt this and refer
to the silence Of the directors the subject Of their
ngs In support Of their doubts IT, they say the company
could make money in opposition to Vanderbilt the last
report would have stated the fact. The Panama Railroad
has been injured by the gratuious interference of d
rectors IN the quarrel between the Pacific Mail Company
and Vanderbilt clearly the interest Of the railroad
foster the competition instead OF which the railroad
directors have made themselves party to the side
OF the Pacific Mail There fair business in State
stocks y, bot most descriptions sympathized with the
general market uad sold fraction lower than yesterday.
AT the close II BUSINESS the stock market heavy The
following the fest authentic quotations Mssouris
s4 u; Canton, IT y; Cumberland Coal IL 49, Paci.
&c Mail 7s1s 4; New York Central, 811s a 4; Erie,
Az IS; Hudson River SAX IS; Harlem, "a q; Har-
lem preferred 3e q y; Residing AM u; Mchgaa Cen
trail, ASH ri Michigan Soaehern, 9 at; Michigan guar.
an,eed 234 y; Panama, lat Vi Illinois Central, 81
"; GaIena and Chicago, "a u; Cleveland and Toledo,
23A x; Chicago and Rock Island, 81 x.
The prospect Of with China attracts some
attention. It is likely that the between the
maritime Powers Of Europe and the Chinese Empire will
be very different frsm the OF 1912 and 1857 II will
be prosecuted with more vigor and peace will not be
made except at Pekn, after struggle which cannot but
be severe OF the issue Of the contest enter
tain doubt, however long period the may last
The Allies pretty TO be victorious the end aud
the FIRST condition OF the peace may feel certain will
be the pas men Of large indemnity by the Chinese This
indemnity, large, as it must be- will probably exercise
a marked effect on the money markets of the world
During the past eight nine years 5000 900 900 have
shipped in gold from this country to Europe OF
this large amount nearly the whole has gone to France
Germany but especially 10 France where has been
exchanged for silver this silver has been shipped to India
and China, where il remains The same remark may
be made the Australian gold which $3.50 900
have been added to the circulation Of the world since
1s4s the gold for the part gone to Continental
Europe where has taken the place of silver in general
circulation is probable that not less than $3.50 900 900
of silver have thus liberated and sent to China and
India within the past ten years. to pay for teas silks,
spices other Asatc products In the present condi
ton Of there very little prospect of getting
this silver Of Asia and into commercial circulation
again by any ordinary process The British forcing
their manufactured goods upon India as fast they
with very trang success thus far We steadily in
creasing shipments Of domestic goods, hardware,
&c. &c. TO China but the amount thus far Is so incon.
Siderable and the consumption Of and silk increases
so rapidly with the increase Of population and prosperity
that the balance of goods always remains heavily in
favor Of China, and keeps up the drain Of silver
thitherward. II is possible that this may in
some measure correct the anomaly. If the Chinese
made to pay the expenses Of the and ndem
nifty the whole in slver-say $3.50, Oo0, GOETHE money
markets Of the commercial nations would be essentially
relieved and entry secured to the interior
Of China stands to that market would be
found for European and American products which
would be good substitute for silver.
The business Of the Sub Treasury to-day was fol-
lows
Total receipts SOC, 20S IS
tOf CustoHs. !ozovo W
Total payments. Observation-Disclosures. 124703 a.
California drafts. 4S500 90