The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-19
FINANCIAL AND CONNER GAL.
WEDNESDAY, May 49,.

BY the Canada, which passed Cape Race last evening,
we have three days later from Europe the details
which will probably be found In another column. Con-
soils were the same quoted by the Arago, viz snS
a. natural reaction had taken place In the breadstus
market, and cotton quoted 4 q lower than on the
Saturday previous. Provisions were buoysnt at an ad.
vance in price.
In the money market we have again to quote an ad
vance Of rates. First class paper endorsed 90 days.
is not done today under seven cent and very choice
short paper Roes at six Six and eight months paper,
good sells at 10, according TO quality-tho ad.
vance being about equal to per cent all round No ad
vance has been made in call loans So little money is
wanted by the brokers that the bankers who supply
them find it difficult to employ their means, even
at last quotations. Paper, also, Is scarce, and
seems unlikely that the present furry will last There
nothing doing in exchange The from Boston
to-day took 81 900 in specie and bullion In abiding
yesterday to the o. money being to Austria
from hence, should have been stated that the ordinary
agent Of the Austrian government in this city The Con-
sui, who draws the Barings the london
government at Vienna We may add that in consequence
troubled state of affairs in Europe, eghths of
the purchasers of bills the Rothschds London aud
Paris prefer sight drafts to the usual bills sixty days.
and for these sight drafts their New York correspondent
charges 1104 The Austrian Bank has ceased TO pay
SPECIE and Austria to export goods the Ausrians viii
find difficult to obtain much gold from abroad without
having negotiated a loan somewhere
The stock market this morning unfavorably affected
by the in the HERALD that the New York
Central refused TO the VS. of the Southern rail.
roads in reference to reghs and nearly all the specu
stocks opened shade lower than they closed yester
day The street full Of rumors about the railroads
It was at one time asserted that Mr. Corning who in
town. is not prepared 10 break of negotiations with the
Southern lines This story rests good basis that
hear of. The Richmond plan, Of allowing differences
between New York, Philadelphia and Baltimore is appa.
renty the seted policy of the Central AS to the South
lines, they built expressly in order do that
which the New York Central declares they shall not
do-namey to afford cheap outlet for Western produce
through Philadelphia and Baltmore-so that the pros
pect of their backing down 10 slender. Besides this
source of unessiness, the foreign reported in
the street-before it arrived-to be extremely unavoa-
ble Altogether the tendency Of the day rather
toward reaction than recovery, though the prices the
afternoon were better than between the boards.
New York Central opened this morning at 72al, but fell
Otto about TAX in the afternoon it done at II q and
cloeed at 1914 bid. Rock Island continues very active
natural reaction took place after the high prices yes
terday the stock done low 62 for cash, and
go seller sixty closed at 62 bid The reports from the
road continue to satisfy the directors here Galena was
off to day it was done as low as So seller sixty, and
shares did not vary much they Inactive though still,
freely pressed for sale by the jobbers. Pacific Mail i'm
proved one per cent this morning, closing in
the afternoon at FAX bid There is still some
informal talk going between Vanderbilt and
the directors; it will probably end in 3 compromise
though the Pacific Mail may suffer somewhat before then
The business in State stocks and bonds continues to be
moderate at previous prices In the afternoon stocks
were quiet. The market closed weak ut the following
mices:-Missouris, 1885 e; vrginiss s61s 81 Can
ton, 1s1s 49, Cumberland, TX Is; New York Central
722s u; Eric, ia r.; Harlem, lol u; do prefer
red, 36X 81; Hudson, 3l1s a q; Reading, 46 a a
Michigan Central, 40 AZ Michigan Southern, 9cS TO-
do. preferred 3lal 81; Panama. lis ~ Illinois Cen.
traltS54 &C. Galepa, 6Szs 81; Toledo, 27,s X Rock
Island, e21s N Illinois Central bonds 80 ST. Pacific
Mail Company, 741ia15.
The business of the subTressury day was as fol.
lows
Total receipts. s3oS .ss u
For customs ..'...........,.'...... Isl 900 90
Iotai pa4ance...'' 34i No
The exchanges at the Bank Clearing House this morning
were $40 9s5 456 ST. and the balances 81 6l5 90
The following is the bank movement Of the four prnci
pal cities, as shown by their last statements
York sf sis s sss s R9;
ss;i:s; s:;;s: :s$ S$ssssS ;s s
1. Is ss IS sss ss siSs9
decrease. ..... ssa5,sS4 i,2o0,as7 4i9,ss7 75sfa
letter from Toledo dated the 10th mat. says
Already the advance movement, in consequence Of
foreign disturbances is beginning TO be seriously felt
the West Produce has taken very large leap upward
and the railroad companies putting up reights
much higher Than is right 4 short time ago they
were too low.
Stock Exchange.
WEDNESDAY, May Is, 1859
$500 Virginia 6's..,. % 100 sbs Mich CIR. $50 40
s0oo do........ 96H 100 do........ 40