The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-07
FINANCIAL AND CONNER GAL

FRIDAY, July &c P. NJ.
The signs of relaxation noticed yesterday in the
money marsSs. are still more obvious to-day, though
rates vary but little. We quote to-day first class
short paper, % per cent; same quality, &C., six
months to run, per cent; loans on call, s 9, 81
being about the average where securities rendered
are unobectionable. Some of the banks how
ever, are prudenty curtailing their DISCOUNTS
and this, notwithstanding the increased sup
ply of money from the dividend and interest
disbursements, tends TO keep rates up. The
Sub-Treasury continues TO disburse heavily. About
81 200, 900 have gone in the last ten days to pay
interest on the public debt and other government
expenses. The receipts to-day were 1864 ,025-of
which $273, goo were from customs; the disburse-
ments, $500 233; balance this evening, ,2so,9s5
The market for foreign exchange has been dull
to-day. The asking rates of the bankers have been
"a 4 CO AaH es ~ Wifi bs Be- & one s' nor Sa will
the Kangaroo and Bremen take out as much specie
rs was expected. Unless some additional ship
ments be decided upon tomorrow morning, the
shipment may not be largely in excess of half a
million.
The stock market continues animated, and prices
continue TO advance, Galena rose 10 G5l to-ao-
- O.
and Rock lsls1l to M, closing respec lively at est
and srI5 bid, against 63l and 70i last evening.
similar advance was realized in Toledo, Michigan
Southern and Illinois Central. The public or the
| SPECTATORS are buying all these stocks on the
strength of the fine crop prospect; for the present,
the existing light traffic appears TO have lost its
terrors for the operators of the street. New York
Central and Erie are, for the time, comparatively
neglected. it is clear, however that any increase
| of business on the Western roads must be felt on
| them as well. The market for bonds was not quite
| so firm and sales were made at slight decline
| this morning. This afternoon the general market
was active and stocks closed firm at the following
| quota.ions:-vrgnia 6's, 9ll o %; Missouri 6's,
81 a 4; Canton, 1871 20l; Cumberland Coal pre-
ferred, Is a Z; Pacific Mail, 30 a 4; New York
Central, s2l a. Erie, l9l d; Hudson River, 4si
al; Harlem IL a /; do. preferred, 80 l; Reading,
Ala 4; Michigan Central, 4sI q 40; Michigan South
ern and Northern Indiana 49, IA; do. guaranteed,
sol 4; Panama, 1854 I; Illinois Central, 632 I;
Calena and Chicago, G5i a l; Cleveland and Toledo
3li "a; Chicago and Rock Island, 7ll Z.
The intmation in the Washington correspondence
Of morning contemporary that Mr.. Hoadley, the
President of the Panama Railroad Company, and
Mr.. Davidge, the President Of the Pacific Mail Com
pany, "have disclaimed any sympathy or concert
with Mr.. Vanderbilt in his recent stand on the
California mail question is We have the best reason
for knowing. not warranted by the facts. II
is true that both Mr.. IIoadcy and Mr..
Dayidge were anxious that the mails should
be carried in the steamer Of the %, and IL is
quite likely that they may have impaired
that anxiety TO Mr.. Vanderbilt. Mr.. Horace r
CLARK, Mr.. vanderbit's sonin-law and legal ady
ser. was. we know, very DESTROYS indeed that the
mails should 60 and tried very hard to effect an ar
rangement by which they should be forwarded. II
was the interest Of all parties, Vanderbilt included
tina, no interruption should occur TO the posts
service: and all were acting together when the ina
decision was reached. The responsibility Of the
failure rests with the authors Of the act Of June
1850. which fcrbds the Postmaster from giving any
thing over the actual revenue from California ocear
hostages for the ocean service between New Yorl
and san Francisco; this law was passed at III,
instance Of the Overland Mail Company
which concern gets 81 900 900 for carrying letters
which yield the department about s27o 600. Had
Mr. Vanderbilt and his associates agreed to III,
only terms which, under this law, the Post Office
Department was authorized TO offer them they
would have bound themselves TO carry an averag,
Of twenty tons Of matter thrice month, from New
York 20 California, for about $50 900 year. VIVA
right have the public to look FOR any such self
sacrifice the part Of individuals or private cor
porationsl
We have received circular from hessrs. W. 7
Coleman 4 Co. n;imating that Messrs Comstock
, Robinson have Withdrawn from that firm, and tina
Mr.. Edward NJ Robinson, Of New Bedford, Ia
been admitted as a partner. The capital Of th'
firm is understood 10 have been largely increase,
by the change.
The dry goods import for the week is light again
only sl,176 900, against q, ESQ 900 same week las