The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-03
..s.,o s2el,s6o 1850 7oo,624

crease In specie was hardly expected In the face Of large
export and very few Of the bank managers looked for
adecne in the loans after the decline Of week. All the
internal exchanges with the exception New EGG
land in favor OF the city. some weeks 10 come
the arrivals Of specie by express will nearly balances the
export Europe argues, however, ssound conservative
temper among bankers not suffer the accumulation
Of country balances here to betrsy them into unwise
expansions. The time will come when commerce will
need all the aid which the banks afford By that time
large part OF the government securities which 60
swell the bank loans and discounts will have been dis
posed Of and large amount Of money liberated and
ready for the Of the mercantile community But In
the meantime the closer the banks keep TO the path
eafey the ess danger will there be In the autumn In
few months should the present crop indications be verified
large sums will be needed TO the Western crops
The more the banks are expanded when this demand
springs up the greater the embarrassment among bush
people bere and the sounder the condition Of the
banks the aid they will be able to afford TO the
merchants and the healthier will be the progress Of the
general recovery OF commerce, industry and enterprise
Money is again reported easier to-day. We hear Of
come lines Of six months paper going at 6 and money
B offered stocks at six per cent for long periods Of
time. To the brokers is offered far beyond the wants
Of the street, at Exchange opened very firm for the
Boston steamer at 1101s l0L but the business done
light The next specie shipment from here, SAtur.
day, will probably be heavy
By the arrival Of the North Brton at Quebec we have
advces from Liverpool to the GOTH The point Of the VS.
consists in Sarcnas acquiescence in the Austrian demand
that she should disrm, which caused slight recovery
the funds both at London and Paris. Cotton however
continued depressed Breadstus very buoyant an
advance had taken place in both the London and the
Liverpool markets Provisions had advanced. TIE Lon
don Times reports sales Illinois Central shares at 40 80
discount do per cent bonds Of $780, reelands 81 New
York Central Railroad shares, 70 To- Erie Railroad
o IL; Pennsylvania Central skies, first mortgage
90 ae3.
The upward movement in stocks which commenced on
Friday afternoon continued day. and the bears were
severely punished. The two leading stocks OF the
day were New York Central and Rock Island.
Central has become 80 that many houses
were unable TO make their deliveries on Satur-
day ana TO day. large number of shares have
been absorbed at the low prices current last week. Of
balance remaining the street. enough taken up by
few skul operators on Saturday to embarrass the sellers
very materially. The stock opened this morning a. 73h
advanced, with active demand, to TAX, declined to
74 and closed in the afternoon at TAX bid Should the
roads decide to put end to their suicidal quarres AMI
TO restore fares to their old figures the present upward
movement would acquire very marked accession of
strength. The movement in Rock leland continues very
vigorous. The purchasers, far from seeking make
corner, are lending their stock 10 parties who have de-
veries to make Of the buyers options have been
called in, and the rise is simply due TO the absorption of
the stock by outside parties. 1t opened this morning az
80, to co, and closed in the afternoon at cox
very vigorous attack was made by the bears this and
other Western stocks this morning. mainly the strength
Of the news; but the effect produced small Ga.
lena, Toledo the Michigan shares and Illinois Central held
their ground the afternoon they better Hudson
In he bu
ties who have sold all along the price, however, does
not vary much Erie stronger to-day; it touched s1
md closed at 1gure The fourth mortgage bonds
sold the other day at 49, in demand this morning ut
49, the public could feel satisfied that the President of
this road cared much for its interest for the annoy
Of it's rivals its bonded securities would not be
pressed as they State stocks continue firm aud in
good demand At the afternoon board prices strong
Pacific Nail, Of which there sales at the first
board, sold at Saturdays price. After the board the
market was firm, the closing prices being as follows
Mssouris, S71S x; virginias, 971s n Canton, 10 VI
Cumberland preferred 20 81 New York Central, lax
y; Erie, 81 a q; Harlem, 1lX H. Hudson River, 3lX
80; Reading, SOFA x; Michigan Central, 5oss a q;
Michigan Southern, 1o3s y; do guaranteed, SO II Pa
nama 122 \; Illinois Central, 65 q GO; Cleveland and
Pittsburg, Is NJ Galena and Chicago, SAX IL Cleve
land and Toledo, rs Nj Chicago and Rock Island, 60
n Illinois Central per cent bonds, 1875, IS VI Pacific
Mail Steamship Company, Tx a7s.
The exchanges at the Bank Clearing House larger
this morning than they have been 18th August
1857, amounting to ,4s9 co. The balances were
81 1895, 1854 08.
The Bank Of the State OF New York has declared semi
annual dividend Of three and half per cent payable on
the 10th inst.
The saxona from this port today for Hamburg, takes
about 1925 900 in specie on freight.
IF TTptta
States subject the draft Of the Treasurer the 25h Of
April was ST. oe2ol2 70. The amounts at tho principal
stations were-
New York. SO 800 SOB Boston. ..........s2sse $50
Assay Office do. 432613 New Orleans. 800. 352,3S4
Philadepha..... 81 GAG Mint do.......... 4S9, 267
Mint dO......, b47,l54 San Francisco ... 273,233
Baltimore ...... 207 ,432 Mint do......... 100000
Washington 49,. 2z7,62O
The transfers ordered are as follows -
To Treasury Of the United States Washington 900 90
To Assistant Treasurer at St. Louis, No. 400 900 90
To Depository at Norfolk, va............ 10000 90
From Assistant Treasurer, New York. ~ Y 800 90
The following statement Of the coinage at the United
States Mint in Philadelphia for the month Of Asril: