The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-03
FINANCIAL AND CONNER GAL
THURSDAY, August &c p. NJ.

THURSDAY, AuSusN ~ i. ~
The steamship Northern Light from Aspinwall,
with san Francisco dates TO July IL and $9sS,6Is
in specie, arrived this morning; and this afternoon
the steamship Asia, with Liverpool dates to 2ist,
likewise reached this port. There is very little
financial news from San Francisco. Coleman re-
ports the money market rather easier, money be
ing difficult to place at higher rate than II per
cent month. There had been very little done in
bullion gold bars were quoteda at s. fine par Next
can dollars y per cent premium. The July in
terest on State, city and county bonds
had been promptly met, and State and city
bonds were in good request, with none offer
ing. From England we hear that the funds were
lower chiefly from sympathy with the Paris rentes,
which had been unfavorably affected by rumor
that the government about to borrow s2j goo goo
for military works. The demand for money con
tinued active; the rate was per cent. The Bank
of England had lost f32l 973 during the week. Cot.
ton was quiet, without much change. The weather
was less favorable for the crops, and breadstuhs
were firm and in some cases dearer. In France
the weather had been line, and grain was duh and
rather cheaper. With regard to American securities
Mcssrs. u. Bell, Son 4 Co. report as follows
There is no change report In the character OF the
market for American securities, whilst the actual busi
nets during the pAst week has been TO very limited
| extent
| Messrs. Barring Bros. 4 Co. say
We have stl TO report but limited business; quota.
lions are therefore, rather nominal except FOR United
states and 5s which are In some demand, the former
Al es the latter at e0 Massachusetts serlng 5s, I03
Maryisnd SIS. 81; Pennsylvania Sc, inscription, IS,
bonds 81 Tennessee 6s So Virginia sterling SIS, 81
Pennsy vana Central railroad, So New YORK Central,
o. y Illinois Central, Sc; freeand bonds, e3A Michigan
\ Central, S.
The money market seemed 10 work easier to.
day aud the brokers report business dull. Every
successive report of an increased demand for mo-
ney brings fresh supply into the market, and
rates no sooner exhibit tendency to advance
than monetary institutions and rich men hasten TO
get the benefit Of the rise and the market falls OF in
consequence. There can be no permanent appre-
citation in the value Of money at New York until
there Is a more active cousumptive demand for II
than exists at present. Prior TO ls51 the APP
sorpuon OF money by railroads alone-to
say nothing Of steamship building, mines,
other material enterprises, and trade
which. in the interior OF the country, was much
more active than II is at present-suttced TO keep
IL steadily above the legal rate Of interest. This
| source Of consumption has been cut OF, and the
| consequence Is that there Is more money in New
York of present than is wanted for the business oil
| the country We quote today call loans Of a y
per cent, short first class paper, 80; four and
six months paper, with two good names, a 81
q single names, a S. The Sub.Treasury
did fair business today the receipts were 1888
sill, Of which s2ls 600 from customs; the payments
| s2ll e3S; balance this evening, S,S43,7i2.
The exchange market s.hardly become active
| ye, for the steamers vigo and Bremen, which sail
] on saturday: rates are unchanged. a fair specie
| shipment will be made on that day early this
morning Il did not promise to be very large; but
since the arrival Of the Northern Light, shippers
| may increase THEN oonsignmenis. The Jura, which
sailed toby took out 600 500.
The stock market was irregular TO day; but on
! the whole the movement was slightly downward
Some large operators were free sellers at the morn
ing board, and for the day their sales had their
usual effect on prices. weare inclined TO think that
| this mornings sales dispose Of the last Of the
large blocks Of stock which were taken a month OF
six weeks ago by operators for the rise. II remains
| 10 be seen whether these sales will have am
greater eject on the market than the sales which
have been made by other operators within the pas
three weeks. Almost without exception all the
leading operators were bulls in jane, and DO ight
stocks. woen they rose four, five, six or eight
per cent, tie bulls realized, aud Looked for le