The New York herald., 1860-09-19

OF tomorrow closed inactive, at our quota
tons Of yesterday, say, for bankers bills
loes for sterling, and 6l3l for francs. II =
rumored that some of the bankers are
drawing against stocks. For two or three years
the English have sent very little money here to 10
invested In stocks; the tide now seems to 10
turning.
The course Of the stock market this morning
was against the bulls and in favor of the bears. In
some stocks the recent advance has induced sales
for the sake Of realizing profits; while others SYM
pathize with breadstuffs, and decline on the news
from Europe. Among the latter may be olasseA
Illinois Central, Rock Island and Galena, all q
which were lower o-dsy. Central was also q fras-
ton lower, seemingly on sales By parties who had
bought at lower figures and who thought it well 70
secure profits. The decline in Erie and Harien
was to be expected. There is nothing in the co.,
dton Of these properties to warrant the recent sd-
vance. The Harlem, as we noticed some time
since, Il not paying its interest; the Erie
"a perhaps earning its interest, but
nothing more. Under Mr.. Marsh the rosA
Is administered better than ever before;
but no administration, however excellent, can
create business where II does not exist. People
who buy these stocks do 90 not because they have
any faith In their value but in the hope that other
spectators, more reckless than they win hereafer
take then Oh their hands at an advance. These
remarks, Ia hardly necessary TO add, do not ap.
ply to the Western shares which either are or arc
pretty certain TO become, dividend paying pre-
perty this fall and next winter; to such stocks
a. New York Central. which viii earn over per
cent; or Hudson River, which will earn about per
cent on la stock this year. The business in State
stocks continues light and prices droop. Bonds arc
In moderate request. This afternoon the market
was rather better and stocks closed steady at the
following quotations United States 6s 1874,
l02 lo3; Indiana State 90 q 93; Virginia 6's, s1{
1; Tennessee 6's. soi /; Missouri 6's, 7sI %;
Canton, f3l 4; Cumberland Coal preferred, 13&
Is; Paci6c Mail. SIT q 80; New York Central, 00&
4; Erie. 81 . & Hudson River, 6lA al; Harieu,
lsa 1; do. preferred. AL . 1; Reading, 47I -;
Michigan Central. III 4; Michigan Southern aaA
Northern Indiana, 22i 23; do. guaranteed, 4sl Q
40, Panama, 1891 . \; Illinois Central, ssl 81:
calcna and Chicago, 70 q 1; Cleveland and Toledo.
ssl q 4 Chicago and Rock Lland, 81 a I; Chicago.
Burlington and Quincy, sol el; Delaware aaA
Hudson Canal, " Q rs.
The report Of the special committee Of the Clear
ing House Association on the Artisans bank ques-
ton was this day laid before the Clearing House
and discussed A motion was then made 70 ex-
pei the bank from the Clearing House. Before.
however, this was put 10 the vote an amendment
wa moved, referring back the whole subject -
the special committee for further examination, with
an instruction that they repor, In q week. rhis
vas unanhnoasiy adopted, and the meeting a.
journed.
The bids for % 900 600 Of the floating debt fual
city stock were speued At two p. NJ. today By Ne
Comptroller. The amount bad for was a $50 -;
the awards were at various rates from l0l.os 70