The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-13
FINANCIAL and COMMERCIAL.
THURSDAY, July ss-6P. NJ.

Il
The case in the money Tarkct becomes more
marked from day 20 day. fiT'o per cent r. the
minimum rate both for call lcsns and discounts Of
short paper, Dot at y paper IS done which week
ago could not have bee. negotiated ate. The
banks are generally, pursuing cautious policy,
n aniicb alton Of he wsnts of the mercantile COM
munity this fall; thus Car there is pressure upon
them for accommodation. The Sub Treasury re-
coipts continue liberal, the foreign imports being
heavy. To.day's business was-Receipts, 1851 ,6l3,
OF which ;2l7 900 from customs; payments, s323,
80; balance This evening, s. 430 049.
The foreign exchange market opens with good
INQUIRY from the merchants and firm tone among
drawers Rates are-at the first class foreign
louses-l09g for sterling sixty day bills, and
5.l35 for francs. For sight bills the price is llos
for bills on London and 5.10s for bills on Paris
The arrival OF the California steamer this morning
will impart more activity to the bullion market,
and may cause an increase IN the next specie ship
ment From present appearances it does not lock
as though the Adriaiic and the Edrburg, which
sail on saturday, would take much over three
quarters OF million.
The following are the quotations OF sight ex'
change Oh New York at the cities MENTIONED
Ihi,ade phia par
New Orleans ...'......'''''''''' u premium
Cincinnati. .........,......... :
Chicago. .........,....'.....''.''. lal@
We have had another active day ON the Stock
Exchange, aud many securities have risen stu
higher The business has been largest, as usual Of
late, in the Western shares and bonds, and is Oh
viously predicated upon the increase Of railway
traffic which must ensuc on The harvesting of the
large crop which is now maturing. Rock Island
advanced to .3i, closing 49, bid; Toledo to 81
closing 33I bill guaranteed TO ga, closing 375 bid;
Michigan Central TO 52l, closing that bid; New
York Central 10 81, closing s3l bid; Erie TO 2o1,
closing that bid; Galena and Illinois Cen
trail were steady at last quotations. The
course oil tire market has puzzled some Of Che
wisest sud most experienced operators at the
Board. An advancing movement, such as we are
now witnessing, is without precedent in July; even
those who believed the most thoroughly in the eff
feet Of fine crops on the market did not look for
that etsct before August or september. state
stocks ana bonds felt the general impulse to-day,
and were held higher. Michigan Southep frsts
sold at 90, and seconds at G0-an advance q per
cent IN both cases. Missouis advanced per cent.
This afternoon the market was active, and closed
fism at the following quotatfons:-Missouri 6s, sli
7; Canton, l95 2O3; Cumberland Coal prefer
red, 12s IS; Pacific Mail, Oh a I; New York Gen.
trail, $50 7: Erie, 20l &; Hudson hiver, 49l !;
Harlem. IA {; do. preferred, Al a /; Reading,
42l as; Michigan Central, 5?l J; Michigan
Southern and Northern Indiana, l7l 4; do.
guaranteed, pa Z; Panama, 1891 l27; Illinois
Central, e64 a !; Galena and Chicago, 66I I;
Cleveland and Toledo, 33s a "a; Chicago and Rock
Island, 30, "a.
The North Star anivedat thisport to-day, with
the mails from Aspinwall and the usual remittance
in sod-sl ,5l4 ,ss4, against 81 1876 Sos at this date
last year. The commercial news is unimportant
The State recognizes the stolen bonds issued to
Wells, Fargo d Co.
Some more reports Of railway earnings have
cane to hand, and We ryeseIt them in tabular