The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-18
FINANCIAL AND COMMERCE

WEDNESDAY, Angus. 17--6P.M
The Persia, which rallied day for Liverpool took
opiy 1878 $50 In god-rather LEES than expected
rhe shipment Saturday will be larger but exchange
very dull, and is difficult To sell bils at a IhA. will
permit specie TO be shipped 70 cover them.
Money ia easier again day. Six the rate.
for demand loans ost being the lover
nyure Good paper goes very easily q: per cent ana
short sccep;aDcss, prime, ralher below than above
Il is clear that the banks may adhere 10 the
policy of curtapg at the rate Of million week withon,
!ncon veniercing The merchants in the least.
The stock market Is stronger to day, snd prices
higher Several Gonna sson brokers repor. orders fos
stocks from OUTSIDE The general feeding appears 10 be
that the down ward movement, which may be said so
have lasted two years almost without intermission
has been arrested how 1t will DO followed
By movement In the opposite direction de
Ponds on many considerations That the Western
country Ia reviviDG, and that Q large quantity
Of grain will come 10 market his fall there no room t.
doubt that increase Of traffic the roads will be fol
loved by an improvement In stocks generally on
pected. An impression prevails n certain quarters tba
ne public are sickened Of railway Stocks and will tousa
them no more. The acy Ct this view 10 made appare
by little reflection Railway property NO worse
odor now than 1t was In 1915, when the Erie Railroad
made Its first assignment tho public AFRAID
OF railway stocks nos than they in 1854 when tnc
fraud made every sso:k and bondhodsr trembe
for the senu!neness OF his certificates Tho notion thai
the public whole, not going speculate IN rail
way stocks any Ia probably afoat by the bear
who are juat now, heavily short Of Stocks and 10 WHOM
reappesrance Of the public in the Stock Exchange will be
dessh and destruction. We see reason railway trar
DC improves this fall why there sh6 lld not be q sua-
Gen ana extreme speculation In stocks. New YORK
central was higher to day. il advanced one half ps.
And I'll esd b
Several friends OF tho company exprsss tina hooe tha
fregau will be raised at Niagara 70 tina rates which
prevailed In 1853. One of the difficulties in the way Al
pears 70 arse non the fact tina; The Fort Wayne and CHI
cago ROAD, which competitor OF Central does M,
pAy "1 insereet, ana OF course can run much tie
cheaper IL Ii singular that none OF the mortgage bond
boders Of this road taking proper steps 70 pro.so
their rights under the circumstances conssder,ps The
oareaced attempt BY the company to pay the interest on
oo Consuuc'on bonds which posterior lien TO the
mortgage bonds, foreclosure would seem natural an.
proper proceeding and would probably bring the direc
oss 70 their senses Tne attack Rock leland Gaena
ne Michigan shares &C., continues with unsbssed v9cr
1ne attempts 70 write down Galena are more jealous thu,
accurate or succenfu All these stocks were higher 20
Wy racine Mall advanced ~ per cent There was very
n'e zone N bonds and state stocks In the afternoon
o s'ke' was very steady and socks closed Arm Al The
io""s euosa''ons-rennessee 6's, 81 n; Virginia es
sa% "a; Missouri e's, sax y; Canton oompsnv. u a
4; Cumberland Coal, 12a 10; Pacific Mail, rs x:
New YORK Central Railroad, TX Il, Erie, 41a6,l:
aooaon Mver' ga 4; Harlem, sk y; do. preferred,
90 q; Reading, 43h a u; Michigan Central, AK q x:
Michigan southcrn and Northern Indiana. s,I , " to
guaranteed, 2ix y; Panama, 1l5 u; illinois Central
Oak Y; 0alena Chicago, 6S . u; Cleveland Toedo'
iss1 10 Chicago and Rock Island, e2k q; nliuo.,
Central rs, SAY.
Advtcs have been received from England TO the esee.
that the contracts have been sgued for commence
ment Of the Honduras Ralwy the contractor Mr. Fur.
nis, engages 70 bold sixty eight miles Of the read within
eighteen months Of the time u which he commoo,es
work. and 10 have 81 the dass wagon rosd hoshsd
70 the Pacific Work viii octoser nsxi
he contracts concluded apon term vhich srs highly
"Al' 'ctory 10 the company.
rue committee entrusted With the settlement OF The
u's'O'e reis1sd 70 IA the RsgAlD I'll 7rOJsb.r re
r"f' 70 11fc~ Ihs cxe INVOLVES sorc MIC question:,