The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-01
NEW YORK HERALD WEDNESDAY AUGUST ], 1860. TX

course his is merely temporary state of things.
{ is question as TO whether the bullion brokers or
he foreign bankers have the longest purses. The
former are boarding up bars and y Gala a. a
.onsioeiaple I0'a Vi " est, in the hope that the
bankers WIZ .sentually be compelled to accede 10
their terms; The latter are not drawing anything
Ike as much as usual. ss;:cause they cannot find
"ny 'r"e yer their bills with. A few weeks
VIZ probably decide the contest. The Africa,
tomorrow, viii probably take oat from $500 GOO TO
$500 COO in specie.
The volume of business done at the Stock Ex-
change to-day was unusually large even FOR The pre-
sent season; and though in the middle OF the day
a pause occurred, chiefly in consequence of the
Suspension Of an operator for the fall, the market
soon rallied, and closed firm. The movement of
prices was irregular. TIE most popular stock Of the
day was Michigan sou.hern preferred, which rose to
~ in the morning, closing at 43a bid against Al bid
at the close yesterday. The advance is doubtless
due TO TIE announcement in this mornings HERALD
that tie interest due tomorrow on the bonds Of
the company would be promptly met. All the
bonds of the company improved, and the common
stock rose per cent. Some Of the Western
stocks were better; others were lower; Gaicna
declined d Illinois Central, !, and Michigan Gen.
trail I. Cleveland and Toledo advanced {, and
Rock Island IL; Panama was steady; Pacific Mail
declined per cent Erie was firm; New York
was offered in excess of the decline, and closed
lower than yesterday. Hudson River declined per
cent, probably in consequence of the suspension
alluded 20 above; Harlem preferred advanced2 I. The
INQUIRY fox State stocks was moderate, usual Of
| late; but Tire Western railway bonds were more
| eagerly sought for than usual. At the close
| Of the day the market was firm. The fol-
| lowing were the last quotations:-V Virginia 6's,
| e0I Oh; Missouri 6's, sls u Canton, 1913
20& Cumberland Coal; lag 4; Pacific Mail, $50
| q SC; New York Central s3s ]; Erie, 23l "a;
hudson River, seq 81; Harlem, l6s II; do. pre-
terrcd, A 4; Reading, As q; Michigan Cen
trail, 500 q Michigan Southern and Northern Indi-
ana, Isl 10; do. guaranteed 433 I; Panama, l26
3; Illinois Central, IS a /; Galena and Chicago,
| 70 q d; Cleveland and Toledo, 3sl !; Chicago
| and Rock Island, rs a /; Chicago Burlington and
| Quincy, $50 !; Illinois Central rs, 95 95l.
The Prince Albert arrived at ST. Johns, N. F.,
| this morning, with dates from Europe to the 24th
The funds were shade better; cotton dull; bread
| stufs had an advancing tendency.
The Marine Bank has declared semiann d.
vidend of three per cent, payable On the 18th Of
August.
The EJ1pSss says
II is reported that the completion of the arrange
for The reopenpg Of the Tehuantepec rnnto, the
United States 10 will DO forwarded by that transit,
and government intends 10 Withdraw from each
side Of the shmus Of Panama the naval force tina. has
been stationed there long to the great cost OF the
ton, and with fatal effect TO the officers and men who
have been compelled TO perform this service.
The present companies carry the mails for no.
thing, relying upon contingent promise of the
President and Postmaster to recommend their
claim 70 Congress for settlement As they do not
intend to spend any money in lobbying the claim
through, il will probably fail. Under the crcum-
stances il Is probable that they will renquish TO
the Tehuantepec Company the 'honor' of carry
ing the mail whenever they are so requested. Per-
haps il would be well, however, 10 land few o.
tie marines who will be then liberated from duty
az Panama and Aspnwall, in order 10 guard the
Tehuantepec route; for rumor says that the regard
Of the residents along that route for the rights Of
! property is not Of the incest character.
| The exchanges through the Clearing House to-
day were $40 5l6 ,557, the balances 1901 ,9j4 TO-
The sales al The Mining Board to-day were:--
100 shs Gardner .b3o 800 shs silver rilb6o ~
ford