The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-17
Decrease.. sl2l,O7a u Ssss.1e9
lp.rease 1880 ssa sluG9

ip.sreaSe., 1880 Sl,ilO,3l
This Is favorable. statement, and confirms the
views expressed ~. our issue OF this morning The
banks begin he week with about s23 500 600 in
their vaults, the California remittance of Thursday
being sufficient to counterfeit the effect Of Satur-
days shipments. The increase in the deposit line
is caused by the return TO its natural channel Of
the large amount Of interests and dividends with
drawn from the banks during the first week in July.
RY the City Of Baltimore and Vanderbilt We
| have Liverpool and London market reports TO
the 5th inst. Money, as is usual at the
close Of the half year. was in active demand and !!
| 70 per cent over the Bank minimum of per cent
was freely paid in the open market. Consos closed
on the 5th at 93s a !. The weather had been de-
cidediy more favorable for the crops, and bread
stufs were less firmly held. Cotton was dull. The
following sales of American stocks are reported
Illinois Central shares at Al discount; do. consrac
ton sevens at $50; Erie, liz Z; do. unsecured
bonds at a; New York Central bonds at S. 81,
and Pennsylvania Isl mortgage at ss1.
In money there is no alteration. The exchange
market for the Persia opens with rather more firm
ness; the rates 1907 ITO for sterling bills, and
6.14s 5.l3l for francs
The excitement on the Stock Exchange continues
higher prices than have yet been touched. The
Western Railroad shares, as usual Of Late give rise
20 the largest transactions. Michigan Southern
guaranteed opened and advanced TO $50 at first
board with sales Of upwards of 1000 shares; rose
again in the afternoon to 500, closing at 80 bid,
against ga on Saturday. Calena sold to the ex-
tent of 2 600 shares, advancing to 60, and closing
at $50 bid, against 81; on Saturday. Toledo and
Rock Island were also very active, and rose and
Z, respectively. OF the New York roads Erie was
the most active, advancing from II 10 223 bid at
the close Harlem and Hudson are also both
higher. New York Central is steady, as usual,
closing al an advance of ]. Chicago, Burlington
and Quincy has again taken an upward turn. 1t
closes at 7ss bid, against 7e4 on Saturday.
State stocks with moderate activity, were well
sustained. Upwards of 900 Mssouris were
sold at s2l a !. The demand for railroad mortgage
bonds Increases and but few OF the better classes
can be had at prices which yield per cent per au
mum interest. For Erie second mortgage bonds,
past due 1901 was bid, and the extended bonds
brought 99l. The third mortgages were sold at
9Ga, and the ffths at 20. Michigan Southern
sinking fund bonds rose TO soy, and the second
mortgages TO 6i We also note sales OF Harlem
first mortgage at 100; Galena and Chicago seconds
at 80; Toledo sinking funds at 7ss and Chicago and
Rock Island hrsts at 96a, coupon of.
There was further advance in prices at the
second board, and the market closed steady at the
following quotations. States SIS, 1874, l0lh
Z; Virginia G's, 9ll Il Missouri 6s, s2l !; Can
ton, l93 o 2ol; Cumber'a and Coal, IL IA; Della
ware and Hudson Canal, s6s I; Pennsylvania
Coal, $50 So; New York Central, 81 4; Erie,
ga %; Hudson River, 5oi a j; Harlen, ..l4s Is;
DO. preferred, 4ls a AZ; Reading, All /; Mehi-
gan Central, 53a I; Michigan Southern and North
ern Indiana, LII I; do. guaranteed, SO a I;
Panama, 1874 al; Illinois Central, S,a Gs; Ga
lena and Chicago, $50 {; Cleveland and Toltao,
800 /; Chicago and Rock Island, a.! I; la
Crosse and Milwaukee, a I; la Crosse land grsnt
bonds, Is a 10; Illinois Central bonds, 92l %;
Reading bonds, Is a %; Pacific Mail. 81 l.
The business of the day at the Sub Treasury was