The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-14

| az follows with that Of last week.
Wei ;ag 1 1s % Ss ,ss 81 D ss ss
August IL i2s,s6Sl7s 2i576.74o si2s'S35 s267s,lo7
Decrease. s2sa,oes ss2,44o "a, 55l sGI,ssl
This is, on the whole, better statement than
was expected The banks have not increased
their loans and the specie has not fallen of quite
az much as was generally anticipated. At the
present time it is probable that the banks hold
nearly as much specie as is shown in the above
statement-the California remittance having
rived in time to replenish their vaults. The loan
column is still too high, especially so large an
amount of money will be needed to move the
crops first of the West, then Of the South; and il
is 10 be hoped that the leading financial institutions
will call in some of their loans this week and get
their affairs into better order. Sudden prosperity is
often as dangerous as adversely; this enormous
crop of ours may yet give birth 10 some trouble
before we have done with It, If our financial au-
thorities go crazy on the subject, and forget The
lessons OF the past.
Some brokers report an increased demand for
money to-day and we presume that the rate on call
must be quoted at 81 6 short paper goes at tie
same figure, and the best long paper at sla7. The
money market is steadily appreciatng as usual at
this season, in consequence OF the increased IN
quiry for money which springs mp in the fall in va.
rious quarters II the banks were in less expand
cd condition, the prospect of an active money
market would be less obvious as it is the banks
have put II out Of their power to afford TO mer-
chants that aid which they need at this season of
the year. The sub-Treasury did fair business
to-day; the receipts s2lS ,297, Of which $751;
600 from customs the payments, 1926 ,lS7 the
balance this evening, S. ,720, coo.
The exchange market opened quietly for the
Asia on Wednesday. Rates a. the leading bank
ing houses are, for sterling bills, 1927 10, and
for sight bills ll03 Is for francs. 5139 Ia for
sixty days, and 5.los for shor. sight. The amount
Of mercantile exchange in market is small. II is
impossible to state, as yet, how much specie the
Asia will take out, as much viii naturally depend
on the business tomorrow From present appear
ances the shipment; will not be large.
The reaction in the stock market which com.
menced on Saturday, continued to-day, and prices
Of all descriptions were lower. For some days the
leading jobbers have had no interest in the market
and several of them are believed to have put out
short Iine Add TO this the circulation Of unfayo-
rabe stories in relation 10 Central and the reaza-
ton of profits by the most experienced among
the outside operators, and enough will
have been said to account for to-day's
decline. The most active stock On tie
list this morning was New York Central, which was
freely sold the strength of the alusion ia this
mornings HERALD to the subject of the injunction.
The friends Of the stock deny that any injunction
can be obtained and inyeigh against the absurdi.y
and righteousness of such step. We presume tina,
every one, outside Of the select circle OF republican
leaders at Albany, Is agreed that the crusade
oCa mo Nv
leagues is absurd and nefarious II is, however.
none the less annoying on that account. Nor can
there be any question but Mr.. Meyers can obtain
from the courts rule against the Central 10 show
cause why the company should not be enioined |
against paying the dividend. Such a proceeding,
even Il It terminased-as It probably would-in |
favor of the company, would consume good deal |
OF time, during which the payment Of the dividend
would remain matter OF doubt. These cousdera- |
tons caused the stock TO decline from s6i. a. the
opening too day, 70 sji at midday, and to s5t al
the close Of business hours. All the Western shares
were also lorer-tbe principal decline being II
Illinois Central. which fell of to ST. decline Of
per cent today and of per cent SINCE Friday
morning. Toledo declined y. Rock Island 2, "a.
lena 2, guaranteed y. Southern common IL,
Michigan Central ], and other Western shares in
proportion. The decline was not unexpected; on
the contrary, every ono had looked for Il some
days since, and the whole street had been amazed
at the strength and tenacity OF the market. Still,
so marked a decline, occurring simul,a zeouSy
with the publication in this morning HERALD OF the
largely Increasing traffic on the Western roads. has
curious look. The stocks Of the near By roads,
Hudson and Harlem, were pretty steady; Erie fell
OF per cent, Reading I. There was another
trouble in Pacific Mail. which FELL Of 10 IS this
morning, closing tha, bid against IS on Saturday.
TIE story IS tha. Roberts opposition is assuming
more formidable shape. Pacific Mail is, OF ell the |
stocks the LIST, the mos. dangerous 10 mold or 70
deal in; tu; genuine holders should receive these
tales about Mr.. Roberts and his schemes with dee |
caution. Panama was steady. There was not \
much done today in bonds or State stocks and no |
material variation in prices. AZ the close the mar
ket was weak: the following were TIE quotations
Virginia G's, 81 \; Missouri 6's, s1f 4; Canton
2ol II; Cumberland CoA preferred, lGi a IL; Pc
ci6c Mail. rs Z; New York Central. SD 2: Eric.
Pei /; Hudson River, Ssl a IS; Harlem, laE q
2os; Harlem preferred, sot Il Reading, 4ss a
I; Michigan Central, 66i !; Michigan southern
and Northern Indiana, 2l3 l. DO. guaranteed, - q
J; Panama, ia g. Illinois Central, 81 a !; Galena
and Chicago. 7ss 20; Cleveland and Toledo, l5t |
o /; Chicago and Rock Island, 50 "a
From the report Of ne Secretary o. The Treasu.
~ on the banks Of the Union Tex. doc. No le),
Just printed. Ne make the following extract -
The returns for The last four years give the annexed
Al