The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-15


Since Jan l.. . :. $50 si5, 400 4o4a7,43s 64s2e sl6
As usual, the statement shows an increase over
previous years-the aggregate increase to date
being, at present, over sl4 400 000-say fifteen per
cent. Included in the above statement is an item
of about $3.50 900 worth of wheat and -four shipped
to Great Britain, at prices which net the shipper
fair profit.
Money is reported dull to-day by the brokers' the
fact is, the Indictment weather, of which we have
had little this season. operated against business
Rates have not changed but the recent check to
speculation the stock market, together with the
above mentioned cause, had rather a tendency to
diminish the inquiry and toward the close of bust
ness hours lenders had more money over than
usual The last bank statement is favorably viewed
but to do any good, the banks should persevere in
day did small business; the recepts were sl4O, 266,
of which sl36 900 from customs; the payments,
sl69 ,566; the balance 50, 69l 1896.
A fair business has been done in foreign ex-
change for the Asia, which sails tomorrow for
Liverpool. The rates at the foreign banking houses
are for sterling, l09s Ito for GO days. and ll0a
for short sight; for francs, 5.l3 l4l for 60 days,
and $40; for short sight. Mercantile bills are
scarce and in demand. Gold keeps up; but some
of the foreign houses have been buyers, and ship
ment of 5000 900 or 500, 900 will be made tomor
row in the Asia. The Saturday steamers viii also
take out a fair shipment.
There was more business done to-day than yes
terday at the Stock Exchange, but prices, as a
general rule, tended downward. The bear party
appears to be fairly organized, and commenced
operations openly this morning by pretty general
sales and pretty vigorous hammering. The bear
argument Is that stocks have risen too much for the
substantial improvement that has been effected in
the properties represented; that the public has not
recovered confidence, and that the roads are in
reality but little better than they were in 1857
The bull argument is that the crop OF 1860 whichis
now known TO be by far the largest ever garnered
will give TO all the road, as much busincss-frst in
freight and then in passengers-as they can do,
and will thus enable them to resume the payment
of dividends; they also say that, much as stocks
have risen, they are still far below the figures Of
1856, g and 7. Between these two opinions the
reader must decide. The Western shares we're all
weaker this morning. Illinois Central sold at so,
Rock Island at sli Galena at Ts Toledo at a., Nj
chigan Southern guaranteed at 43A, and common at
10. After the call slight improvement upon these
prices was realized the last rates are given below
Central was higher; IL sold at s6l, closing SEA bid
We are authorized to state that no proceedings
have been or will be taken by the Attorney Gene
raj to obtain an injunction against the dividend
The idea, by whomsoever ii was entertained, has
been definitely Abandoned the Attorney General
who retained today to Albany, says he never en-
tertained any such intention. Hudson and Erie
were steady; Harlem, both kinds. fell of per cent
The business in bonds continues brisk, and desira-
Bile bonds are every day becoming scarcer in the
market. State stocks do not vary. This after
noon the market was better, and stocks
closed firm at the following quotatons:-vir-
ginia e's, Of a I; Missouri S. sly 50; Canton.
20 q 4; Pacific Mail. 7s5 a ~; New York Central
s6i n 4; Erie, 25i 20; Hudson River, So . Y; Hsr
lem, Isl 10; do. preferred, IS 4: Reading, &c a
1; Michigan Central. eei "a J; Michigan Southern
and Northern Indiana, 2oi q; do. guaranteed,
Az I; Panama, 1885; Illinois Central, s2i q u
Gslena and Chicago, 70 1; Cleveland and Toledo
al as; Chicago and Rock Island, So.
We conversed to-day with a siicnt Of Chicago
who has lately come in from the West. He reports
that the people in the East have no idea Of the re-
volution that the crop is producing in the Western
States. Many farmers who sowed last fall and last
spring. and calculated on harvest under favora-
bic circumstances, of 20 900 bushels grain, will
harvest 40 900. The yield Of wheat per acre along
the line Of the GaIena WILL on the forest lands be
25 bushels while the best lands viii yield over 40;
the corn yield throughout Illinois will vary from 20 to
100 bushels to the acre. Mr.. Mccormick. the inven
tor Of the reapers, has sold this fall 1000 rcapers
10 the farmers OF the noehborhood Of Chicago.
Should the price Of wheat at Chicago not fall be.
low 50 cents per bushel, our informant estimates
that IL 900 900 bushels viii arrive at that point be-
tween the 18th Of August and 18th OF October. We
note already that yesterday. 18th, the receipts st
Chicago we're 300 900 bushels Of grain. The prices
obtained by the roads for Carrying grain are gene
rally satisfactory. II will be noticed that the ad-
vices from Europe, via Quebec, report continue.
ton OF unfavorable weather for the crops.
The exchanges ai the Bank Clearing House this
morning were s2i ,s2l ITs Sc, and the balances sl,
$50 $40 Sc.
The Home Insurance Company has declared a
dividend Of sx per cent, payable on demand. By