The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-11
FINANCIAL AND COMMERCIAL

SATURDAY, Sept 1915 p NJ
The steamers City of Washington and Ariel sailed to-
day from this port for Europe the former with $500 00o
che latter with S454 1877 in specie freight making
total shipment of the day 81 os4 67 Exchange closed
dhi, though without change of Money extreme
y easy; many lenders complain that borrowers are pay
ing of their 53s and per cent loans.
The stock market higher this morning. but closed
heavy in the afternoon. There were, the side,
good many orders in the Board this morning 10 buy
stocks on time and the other general DISPOSE
ton on the part Of leading jobbers to sell the market
down. The belief in reaction is universal that
some operators who identified with the bull in
terest seem to be taking 4 short line, in order
to tale advantage of the fuciuaton which they
believe to be inevitable the street interest as
usual, is on the bear side The princiral
argument Of the bears the Western
railways has not BEEN and will be, large enough
compensate them for the suierings Of the past year
Without stopping to inquire into the soundness of this
proposition may be observed that the bears continue
sell stocks short, they did yesterday and to-day
while the public quietly reducing the volume of stock
the street. they will put the market up themselves
in couple of days at the present rate, they will have
put many contracts there before the pre-
sent rise, in which event it will be safe to look for
Their spasmodic movement, and perhaps more failures
New York Central pretty steady all day the point
at which closed yesterday the last price however
only bid The September earnings thus far
handsome Galena in demand the price advanced
IL per cent closing at 74 bid Rock Island and Toledo
were better Hudson River reached 4 per cent Mchi-
gan Southern guaranteed fraction better the bonds
continue TO be sold at very low prices apparently order
produce unfavorable impression on the stock State
stocks in better demand day. and prices were
fraction higher In the afternoon the market rather
lower and stocks closed heavy at the following quota
tions-Missouris, s41s q; Canton, IS VI Cumberland
Coal, l4ls l5 Pacific MAIL SO III New York Central
70 Il; Erie, AZ 5; Hudson River, S51 a a6l5; Har-
lem, 10 "a; do preferred, 81 q Reading 45s1 &c;
Michigan Central, 46si Al; Michigan Southern, 61s z:
do. guaranteed "a "a Panama. lis a; Illinois Cen
trial. es u; Gaena and Chicago, 7414 III Cleveland
and Toledo, 26 IA Chicago and Rock Island s9ss a a.
The following the business Of the Sub Treasury to-
day
Total receipts $82 200 II
polanp pes i'''n'S 62s 10
Treasury received for customs this week a. sos 81
The exchanges at the Bank Clearing House this morning
were BIS, 4o7 ,22o A. and the balances s729 SAT %
We learn that Sweeny, Rtenhouse FAINT Il Co on Fri
day afternoon concluded an arrangement with Duncan
Sherman Co for their whole remaining interest in the
last per cent United States loan It will be remembered
the whole awarded to the Washington firm
was three million, of which they had previously sold
eighteen hundred thousand making the present transac
ton amount TO million two hundred thousand dollars
The Comptroller is issuing the remainder of the Central
Park stock not taken bids par and is disposng OF
it rapidly The first half of the money is payable on de-
livery and the other the 10th of November
The following table will compare the exports Of the
seven principal staple articles for the week