The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-18
FINANCIAL AND CONNER GAL.
FRIDAY, August l7--S p. NJ.


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FRIDAY, August lI-S p. NJ.
T,e money market is steady, and good paper
roes without difficulty at car, according to the
les,ath. VERY little paper, however good, is nego-
table under 6, and most Of the brokers are paying
& for call loans, though few are still out at
53 The banks are reported to be less DESTROYS OF
increasing their discounts than they were week
or two since. The business at the subTreasury
to-day was fair. The receipts were $293, 223, Of
which $4,000 from customs; the payments,
sl6O, 245; the balance this evening s5,sll ,466.
The importation of dry goods for the week
ending this day is slightly in of that Of the
corresponding week last year, the figures being
So ,496 900, against 50 ,345 900 same week last
year, and 81 ,230 900 same week in 1858.
The excess of 1859 over 1860 is now
only sofa, 900. We have reason to believe
that the importing season will be this fall pro-
longed later than usual, and that September will
show a large increase of entries. Shonld this be
the case, it may be safe TO look for more losses in
the dry goods trade, as the Western orders thus
far by no means correspond to the expectations OF
the more sanguine among the jobbcrs
There has been fair business done in foreign
exchange to-day, for the Arago and Kangaroo,
which sail tomorrow, and rates are quite steady.
The leading drawers ask l09s a ITO for their 60
day bills on London, and l10l for short sight;
for francs 5.l3s a IA for 90 days, and 5.l0s for
short sight. The shipment tomorrow win proba-
bly, be in the neighborhood of 81 SOC, 000-about
the usual average at this season.
The stock market opened this morning with a
dull and heavy feeling and the first sales were at
a small decline from yesterdays prices. As the
call progressed, however, the market gained
strength, and at the close Of the first session o
small advance was established throughout the
Western list. Between the Boards the market was
steady at the advance; in the afternoon the market
advanced, and closed quite strong at the advance.
New York Central opened at about s6-the closing
price last evening-rose to s62 ! at midday, and
closed 81 bid in the afternoon. The traffic on the
road is said TO show considerable increase over
last August. Erie advanced to 20, closing that bid
against PA yesterday. Hudson River advanced d
Harlem was quiet, and shade lower. The West
ern shares were all fraction better. Illinois Gen.
trial. which closed yesterday at s4s bid, sold this
afternoon at ST. buyers option, and closed 1853 bid
Galena advanced Il per cent, Rock Island
H. and Toledo before the close of the first board.
In the afternoon all these were still higher.
Some of the earnings have come in for the second
week Of August The Illinois Central shows
SCI SIG receipts against $37 ,977 same week last
year; increase $29, $3.50 per cent The Galena
shows 1872 1929, against 1888 same week last
year, increase sll ,439, or Sc per cent. The earn.
ings on the Michigan roads are reported to be
large, though their great increase will not come
for some weeks yet. We note sales of Toledo and
Wabash-which has long been a stranger to the
board-at 81, and Of Mississippi and Milwaukee at
13A; these uprisings Of quasi defunct stocks are
proof Of the recuperation Of the Western country.
The following were the last authorized quota
TONS Virginia 6's, 81 4; Missouri SIS, slI 80;
Canton Company, l94 a 2oa; Cumberland Coal,
153 16a; Pacific Mail, 79a so; New York Cen
trail Railroad, 81 o 4; Erie, 20 4; Hudson River,
5sA d Harlem, 1aA . &; do. preferred, 4sl a 4oa;
Beading, 4s2 !; Michigan Central, 6sl q 4;
Michigan Southern and Northern Indiana, ga q I;
do. guaranteed, 47l a As; Panama, l24; Illinois
Central, sci a !; Gaiena and Chicago, sll q !;
Cleveland and Toledo, Az 4s.; Chicago and Rock
Island, s3a 4; Chicago, Burlington and Quincy 81
a 4; Illinois Central rs, 95l 85l.
Our attention is drawn to the fact that the second
mortgage bonds Of the Chicago and Northwestern
road are selling at &c. not 49, as mentioned in our
article Of yesterday; also, that the Chicago and
Northwestern stock, which the city of Fond du
Lac offers at 100 cents on the dollar TO the hold
ers of its bonds is in demand at cents on the dol
lar. No public transactions have lately taken place
in the stock; and as the mortgage bonds are selling
Of So, and the coupons are not paid, we deemed
the stock worthless. Itseems ii is worth IS the
share.
The exchanges at the Bank Clearing House this
were s2l 1923 ,202 Of, and the balances
81, 2sS, 637 67.
The Suffolk Manufacturing Company has de-
clsred a dividend Of five per cent, and the Ire
mon, Mills OF four per cent, both Of Lowell, and
payable at the treasurer's Office in Boston on the
2sd inst the Bank Of Louisiana, semi.annual
dividend Of five per cent, payable to New York
stockholders, less exchange, on the Cd of septem.
Der. at the Merchants Bank of this city.
At the annual meeting of the Cleveland, Paines.
vile and Ashtabula road the following officers
were eelected:-Presidcnt, Amasa Stone, Jr.;
Vice President s. Witt; Secretary, G. b. Ely; Su.
perintendent, H. Nottingham.
The half yearly statement shows the gross re.
ceipts TO have been as follows
Six months ending Jay /, 1880 s5os 3ae IS
Do. DO. do. lS59....,.,...... s53, ass %
increase Sb4 $50 es
The Lake lines from Cleveland, Ssndusky and
Toledo have advanced their rates to Buffalo and
Dunkrk to l5c. on -four and &c on fourth class,
being an advance of SC. and 2ic. The Committee
Of Presidents at Cincinnati have also advanced the
rates from Cincinnati 10 Buffalo and Dunkirk, TO
take eject Immediately, to soc. all rail. and a5c.
rail and water, on fourth class, and SOC. rail and
water, and soc. all rail- on -four.
The Galena and Chicago road brought so, 900
bushels grain to Chicago on the 18th, the largest
lays work ever known.
The business Of the Tennessee and Alabama
Railroad for the fiscal year ending June 30 was as