The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-10
Increase. $4,000 2s7,l44 ,545 2iseil

This is much better statement than was gene
rally expected, considering the heavy drains which
have lately been made upon the bank reserve II
must be presumed that the receipts of coin from
the interior have been heavier than was generally
expected. The banks arc now in strong position.
Before another statement is published California
steamer will have arrived with a fresh supply OF
gold, and the shipment Of Saturday lest was So
small that they cannot hold much less than the
average above shown. The Increase of loans Is
smaller than was expected, and shows that the
banks have gone to work in earnest toward check.
ing the prevailing expansion. 1t was high time.
One hundred and twenty-seven millions of loans
was far more than these institutions should meet
the autumn trade with.
We cannot discover any change in the money
market which remains active at last quoted rates,
Some Of the brokers obtaining money at 81 e
cent, but is what most lenders ask. Paper con-
tnues to be current at 81 q for short, an. GA
for long dates, both being of the highes. grade.
The Sub-Treasury movement to-day was as fol.
lows:-Payments, s5o4 ,oso; receipts, $500, Gc4 Of
which, si0G coo from CUSTOMS balance this even
ing s. ,osi ,O33.
The exchange market is pretty active, and ster.
ling is rather frmer. Messrs. A, Belmont & Co.
have advanced their bills on the Rothschlds to
1899 for sixty day bills, and HOS for short sight
these are the general street rates for first clars
bills. The mail by the Boston steamer promises 10
be pretty heavy.
he stock market was rampan. this morning
and prices advanced from ! to per cent. Galena
sold at 81, Rock Island a. ~, Toledo at 323 qua
rarteed at 52s, Illinois Central at esq., and other
stocks at proportiona,e figures. The advance in
Galena has proved fatal to some small operators.
who, on the decline in the earnings had sold the
stock short with more boldness than prudence. II
is with this as with the other Western shares
Those who look for an improvement in traffic this
month are doomed to disappointment The effect
Of the harvest viii not be fairly felt till September
and October. We trust that the recent stores Of
rust in Iowa viii prove unfounded; If they should not
do The harvest viii not verify present an.;cipa
tons. Rock Island il not as active as the other
Western shares; the recent accident The Peoria
road has apparently damped the courage of It's
friends Eresard Central are both higher; the
latter sold at S3s in the afternoon. The
Michigan shares continue TO advance; with
tie recovery Of the West these properties
promise 10 resume their position on the dividend
paying list, and il will perhaps some day seem in
credible that any experienced person despair
ed Of them. Panama and Pacific Mail both rose
2 per cent. The demand for State stocks and
eood railway bonds continues active. This after
noon the market quite active and stocks closed
very firm, at the following quo'ations:-virginia |
e's. 9lt 4 Missouri G's, 81 I; Canton, 70 20l;
Cumberland Coal, preferred 10 Il; Pacific Mail,
94i n J; New York Central, sSi q 81: Erie 20a a
!; Hudson River, 491 s. Harlem, l2i b do. pre-
ered, 20 I; Reading, 4la Z; Michigan Central,
.G3 q 81: Michigan Southern aud Northern Indiana,
~ a 4; do. guaranteed, 32a I; Panama, 1874 a
lbs; Illinois Central, G5 a 4; Gaiena and Chicago,
SCI GU; Cleveland and Toledo, 3f4 :; Chicago /
and Rock Island, 72a al.
Some more railway trait reports have come TO
hand and We rophblsh our table with additions