The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-22
FINANCIAL AND CONNER cIAL.

THURSDAY, July 2l-6PM !
Tho arrival Of ,he Cunard steamer with the startl. In
tehsepce that an amistce had been -sresd upon be.
tween the combssants In Europe Was calculated 70 nro
duce q considerable effect upon our money and stock
markets That effect no wevef ha been 90. ,hor ,,,h,
have been expected New York has felt oa than
London, Vienna Paris. The we of Nspoleoos deci
Stop caused the British funds % advance az mar cent. the
French ReDtes az, an the Austrian Rentes ten per
cent here nothing BIS advanced beyond the point at
which 1t stood day before yesterday. The decline Of yes
to- day has been recovered that Ia ALL Possibly, when
the psfmeses the country and realized by every
one Il may lead to . more lively market, especially
we should receive intelligence Of negotiations
beipg opened promising basis. To-day,
the prevailing impression among the German
houses that the would rage more nercely
than after the armstce for Austria, seems does
DO, slider herself beaten yet, and course the EN-
peIos Of the French will not the sword until the
expulsion Of the Germans from Isiy be beyond doubt
rav. The improvement IN the cotton market was ex.
pected will help Of houses very materially
What not expected the further decline in bread
stufs Gram and Hour nov lower Ia Eosand than
anything but universally bountifu harvcst throughout
Europe wouid warrant We hear OF tho drought
10 Russia intelligence spreads slowly through Russian
territory seems certain, however, toas the crop
na@msble consequence Of heat and waat of rain
that spark led confagraos destroyed who's
blocks end wards Our grain In thus far not only
very abundant, but much heavier and fuer In quality
than ususl AS it CONES to market at this port may
expect the price to decline until it reaches point
wb ch can be shipped 20 Europe.
several Of the banks pursuing q sensible course
and refusing to lend any terms Nothing but steady
adbererce 10 ,hs policy viii obgiae period Of greu em
barrassment and peril this fall The experience of the
past has not tended 10 inspire the public with much
ndeHce in the wisdom OF bank msnag efs it Should
be their business this fall 10 regain the they for
feseo in 1857 In the street there is change in the
rates Of money. Demand loans rule at 8, and drs,
class paper Is freely taken at according length
Exchange on England steady wthou. large Transactions
At lioa q for sixty day bills and lloX for sight
but francs are lover sgain We quote sight bills, bank
ers', at $40 uk, and sixty days at i2h a l3s1.
Mercantile sterling is very scarce. will no. be possible
70 form accurate idea Of the amount spsce going
out Saturday till to afternoon. From present
appearances the amount will not vary much from
$l,5 oe0
The stock market opened very strong this morning at
considerable advance. AT the close OF the morning
sion prices weaker; they sesdied bet xeen the
boards 10 he afternoon they again and duh
State stocks the first feel the effects the Euro
pean fennessees advanced z; virginias, u; Ms
sours, n z per cent There fair business trans
acted in the last mentioned securities business In
bonds moderate at unchanged prices the extended
second mortgage bonds Of the Erie selling at 7l
Among the railroad stocks, those which advanced the
most Reading and Michigan guaranteed, which
at per cent above the cosing price yesterday. New
York Central advanced y per cent closing this afternoon
at 75S bid. We understand that the managers have in
formally agreed to declare dividend next month Of
three per cent. Negotiations foot which will pro
badly end Ia raising fegh all the great roads to the
Wset in time for the fall business. Gsena aud Rock
Island were both z higher. Michigan Central also
advanced q per cent None Of these roads
Toledo was fraction lower today. Hsdson River ad.
vanced per cent, and Harlem preferred about much
Both Of tbese roads dong we'll In the afternoon
the market was dull and stocks closed heavy at the
following quotations:-Mlssouri, S3zs 81; Virginia,
"a X Canton, ls14 49, New York Central, 1875 q;
Erie, oisi -, w preferred 96i< n
"a huoson River, 1914 III Reading az ~ ~;
gan Central, s2A 4s; Michigan Southern. ~ =, 49,.
preferred, 2iI %; Panama, 1l6S III; Illinois Cen.
irai 644 651; Galena and Chicago, 643 65; Ceve.
and ana Toledo, "a =; Chicago and Rock Island 6lI
q; Illinois Central, s324 81; Pacific Mail, 60 4.
The business OF the Sub-Treasury has been az fol-
lows:-
-to' cuso"s. 34o,ViO w
toya ZSS O96 81
,Z33 81
The exchanges at the Bank Clearing House this morning