The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-02
FINANCIAL AND COMMERCIAL.


WEDNESDAY, June 10 P NJ.
TIE arrival OF the America checked business Of all
kinds o.day; Wall has seldom been so dull For
egn exchange rather easier the correspondent of the
Rothsonds has not altered his rate but other drawers
who have been till to-day holding at ll0M for go day
sterling bills report The market very dull ll0}s The
shipment Saturday will however be large several
bankers and merchants who generally sh epers
are gorgto remit specie. Il will be impossible TO form
anything ike reliable estimate Of the shipment Before
tomorrow afternoon Money without change the mar
bet is firm at last quotations First class mercantile
paper, endorsed, months goes at l. names less
known at 10; short prime aecepanoes at g. call loans
bank at g. and in the street at s. Bankers continue
complain o. the difficulty Of finding lucrative employ meo.
for their The Canada fom Boston to day takes
81 PCS 5l4 and the Borussia from this port 500 600
The s!oc ket very QUILL without particular chan
in prices. Toe business New York Central continues
large the beals paying IL per cent for sellers op
TONS but see quite anxous 70 put contracts even o.
this difference. The stock opened to-day at the closing
price yesterday--72X, and declined TX, at which
figure dull in the afternoon it was better and sold
at 49, and closed at 1873 bid. 1t unierstood that fur.
Their steps have been taken co npromse of the
difficulties between the roads no definite understanding
however, has yet been reached. By the close Of this
montn the Northern roads Will begin TO feel the effects of
the crops, and better receipts may be expected Erie s
sbade better 70 day Hudson Harlem are steady The
western stocks do not vary much The jobbers sell them
with uDd mjnshed courage, in the belief that the spe,e
shipments viii still further decline 10 prices and
few shares taken from time to time by the public
on the strength Of the crops which pro MICE 20 afford
large business, at remuneratvc prices, 10 all the roads
But for the present prices affected either way
The Michigan shares quiet at about 2 per cent
above the lowest figures reached. Rock Island
"a he of
unwilling, in the present state of the money market TO
make further purchases Galena holds It's own pretty
fairly, in spite Of dminshed earnings Toledo is one Dor
cent lower. It seems that there was small ball move
ment connected with the late circular OF the President the
parties ran the stock up TO IS that point lost
courage Pacific Mail is dull at II. In State stocks the
ousiness done is moderate prces steady. vrgniss
ana Asouris continue TO be sold short with freedom by
the bears The bond market is dull We note saeg of
La Crosse land grants at l6 As we understand IT, the
Ia crosse road has passed the hands of the company
INTO that Of the third mortgage bondhoders who are re-
organizing II and getting rid Of much doubtful indebted
ness There s some talk OF the land grant boudholdera
surrenderng part their bonds and getting in return
mortgage on the eastern end Of the road Upe,s soma,
thing of the kind done there very little prospect Of
income for any Of the parties In the arernoor y,cL
rather BETTER and the closed steady At tho
following quotations-hssouris SAX q; Canton. lss.
1914; Cumberland, 1s2l 49, Pacific Nail, 7l5aa!.
New York Central, 1917 y; Erie, "a; Hudson, 81 a
u; Harlem, 1oX ~ Reading, 42X 43; Michigan Cen
trail, AN q; Michigan Southern, on Z; do. guaran.
teed, 3lh x; Panama, 11s n Illinois Central 5sz
u; Gaena, 63X GA; Toledo, 26Jl x; Rock Island,
$50 a Z; Milwaukee and Mississippi, 5aH u.
The business Of the Sub-Treasury today S
follows
for customs. 1920 90