The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-30
NEW YORK HER ill., TUESDAY oCToBER 80 lS6oTRIpIE SHEET


and 5.l7a ISL for francs. Good commercial bills
are offered al 1914 I, and 5.2oa 2l3. The supply
is not SO large as it was a few days since.
There was a smart reaction In the stock market
this morning, and prices advanced from ] 70 per
cent all round The failure OF Saturday has warn
ed the bears that pressing the decline too far may
result disadvantsgeously for their own contracts,
and several prominent operators for the fall were
large buyers this morning. The business in Erie
and Central was very large The former rose to
294 closing 29 bid against go on Saturday; the lat
ter rose to s2a closing SGT bid against 500 on Satur
day. The Western shares were also better and were
in active demand at the second board. State
stocks, as general rule, did not sympathize with
the railroad share market Missouris declined 1,
and Tennessees and Virginias were only steady.
The decline in these stocks, which continued
agitation Of the political emergencies of the day
cannot but aggravate, is calculated 20 create
trouble IL banking circles, as, in many States Of
the Unioa the banking circulation is based almost
exclusively upon the issues Of these States. In the
West especially, where the large crop has caused
an increase OF banking currency, the effect may
prove seriously inconyenient. This afternoon
stocks were still better, and the market closed
steady at the following quotations Virginia 6's
S73 SO; Missouri SIS, 7Gl I; Canton, Is 20;
Cumberland Coal preferred, l04 liz; Pacific
Mail, 9la 90; New York Central, s2s Il Erie,
29i !; Hudson River, 5sa 4; Harlem, l6l a d;
Harlem preferred, 800 q 40; Reading, 42l q;
Michigan Central, ga q 63l; Michigan Southern
and Northern Indiana l6 d do. guaranteed, 36}
81; Panama, 1924 l23 Illinois Central ~ 4 /;
Galena and Chicago, 500 20; Cleveland and To
ledo, 34a 7; Chicago and Rock Island, G44aa.
We understand that Mr.. Van Schaick, who failed
on Saturday, has made an assignment to Mr.. Henry
Keep.
Adyces from the South referring TO the decline
in the receipts of cotton intimate that they are not
due to the usual causes, but that in many parts
the planters are Withholding their supplies, in view
Of the political uncertainties Of the day. The
effect Of this policy, pursued for few weeks,
would be severely felt both on the New York and
the Liverpool markets, and would probably lead to
very grave inconvenience.
The business Of the Sub-Treasury to-day was as
follows
ktceips $500 73s 90
-ror customs'.. ....................... ssg00 %
ry menB........'..... 2Slls u
aoZ3 W
The exchanges at the Bank Clearing House this
morning were s34 ,sss 900 30 and the balances
81 ISL ,sl4 sc.
BY the Fulton, Off Cape Race, we have news
from England TO the 18th inst-four days later than
that by the Asia. Consols were quoted in the
London market at 92s a 92s-I lower. At Liver
pool cotton is reported as advanced Lied id.
per pound. Wheat WIS slightly higher while
decline in -four is noticed.
At Chicago, on Friday the offerings Of Eastern
exchange were more liberal, and the rates easy at
l per cent premium on the street, and per
cent at the bank. At Milwaukee, on Thursday,
Eastern exchange was in fair supply, selling at
per cent premium at the banks, and below
the current rate the street. At Cncin-
natl, on Friday, local paper passed freely at 10
II per cent. Exchange on New York at sight
ruled as foows:-Buying, premium; selling,
a premium.
The Albany atlas and 4 gl,s publishes the an
nexed comparative statement of the condition Of
the banks Of this State on the 30th OF June and 10th
Of September last
The June report comprises nom 3o3 banks and
the September 500, all there operation, Including
the Artissns' and three banks viz City Bank Of
fougseep~e the Rock land County Bank, Nyack and J.
". Rufnsey Co. q Bank, larry town Two other
barks-the Seauket, and II. q. Hotchkiss Co q Bank
lyont-are preparing 10 go toto operation and will!
have their notes In circulation.
These reports exhibit during the quarter slight 10
creAse 10 the banking capital Of the state and
ponding increase 10 loans and discounts