The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-04
Decrease Nts.iW loss ~ ,t,a- $500
lAll--'

Tie decrease d >pJ-l1 - ~pg~t* 'a~~N
pected, the diminuton y loans ma,i 's.s'1 1T"
was hoped Tor; hen,e We must pFoa'-u'o ~
statement :, GOOD one. As The eanAs Ee-eFsa
.oa, noo a. sunday from California, hey really
Ao,s Al present more than he average sto~h
-. ~, = he ysbange MARKET doe not change
- ra,srially he export this week VII b Light.
!, bi,t time forgo,i d be flowing North ard
oom the souta; sight exchange on New
y.,h With i nov quoted at New Orleans at
mar prenl;.m, win probably rise ere long
70 Tie specie shipping point. Inc contraction in
,oars. which has been effected without denying %
NE produce interest the aid which j, i entitled to
expect, VIII be haHed with satisfaction b The
whole community. This policy should be serse-
yered mas long as il can be pursued without. injury
10 trade There is no such activity in our foreign
On our domestic commerce at present az Requires
An unprecedented bank expansion, and our banks
viz consuit their own AID the public interest hest
by keeping tight rein on borrower, and doing
what in them lies 10 keep ,p NE price Of money .
. s2ir standard.
The money market Is reported easier IN sors
CHARTERS to-day, though rho brokers arc generally
having 7 Der cent. One OF theiesdng banks Is lend
nr On car II Six and some Of the riches. houses in
ne street were willing to-day 20 put out their funds
II u. Al the board, 100, the differences paid
.scr buyers options were less than they have been
ar some iays past IL begins 70 be understood
saat, though The West win require large amount
81 money 70 move ts great crop, the country Is not
SONG to be ruined by producing too much wheat and
corn, and that monetary crisis cannot we'll occur
without borrowers and without insolvents. Tie dis
soInt brokers continue to complain OF The scarcity
Of suitable paper. The merchants are doing very
night business; Il has seldom happened, at this
tine Of year that 80 Jew notes were being made as
~ The present time. First class Southern and
Western bills, accepted by leading houses here
with 10 a 60 days TO run, 50 atSa -. The entries
st the Custom House to-day we're moderate. The
total receipts at the Sub treasury were $2s7 ,5ti
or which si07 900 from customs; payments. a97S,-
ISL; balance this evening, IS $40, 004.
The recent advance in foreign exchange appears
20 have PIT an end for the present, % the demand
81 1904 for sterling and 5.I23 for francs, nobody
seems % want any. II he bankers want 10 sell
sor The Saturday steamers they win have TO lover
s-ir rates or do as some houses now do, ask the
top Of the market, AMI allow q for brokerage.
At one leading house 10 Is firmly asked, but tho
p;is 81 the house vary offered in the street at
1898. The market Is in that condition that the
bankers cannot afford 10 make any experiments.
Gar trade with Europe, which showed o balance
tn favor last year, is SIS 600 more in orr
favor his season; that il 10 say, have imported
go 900 900 less and exported nearly SIS 900 900
rrorc. our debt 20 Europe must be small that
importers might, II necessary, stop RENTING Tor a
week Or two without inconvenien5ing themselves
or heir friends On the other side. From present
appearances tho aow Of specie outward Is checked
Gar short while; though, OF coursc, the export
aust continue, % come extent, I'll cotton comes
forward freely.
A ysuGl on Mondays, the stock market was dull
so.iay. At the fret board, there was fair out
ado demand for stocks the first call, and prices
improved: al the close Of the session the market
fsc.uated somewhat: in the afternoon Il was
r.ther bcttsr, and closed steady. The bears seem
% have singled ous for especial attack Toledo and
Huison River. which have been the most popular
among tho speculative stocks and the mos. firmly
bella. BotA concerns have passed through long
periods OF depression; both have had floating
debts which will probably be paid OF in a few
weeks: both arc doing profitable and N increas-
ting business: both arc expected % resume divi.
bends next year; thc stock az both IS selling az
comparatively law price. Toledo was sold down
tg- morning 70 ~; The afternoon i sold 1T 40,
and closed lsi bid against "A a. the close on sa.ur
day Hudson River opened st 80, sold down
90 $50, and closed taal bid, against jji az
The close on Saturday. Galena was likewise
Freely hammered. but the prize did not yield a.
ffasly "A /; has done. The business Of the day
vas done AZ u 4, and his closing price was III
bid, against IL: On Saturday. Rock Island de-
ci;nsd % Isl closing 20 bid; Illinois Central %
s3i cash. closing al so bid; Michigan guaranteed
20 ssl closing thai bid. The traac reports for the
month Of August have not yet come In, bit The
daily receipts OF sun at Chicago show that there Is
no material falling OF In consequence Of he new
tariff Gu Friday, ont OF 10000 bushels grain re-
..eiveJ al Chicago 81 900 came over The Gasna.
The ulnois central scn; ont Of Cairo between Is.
January ami Il, July lsso, l,o71,loo bl-hels
grain. agains, 81. Joe in the whole q 1859. On
Saturday The same road delivered Al Chicago go
bbs. a9ar ani - 80 bushels grain. Tho reports
ffOm Tie other roads are 81 the same tenor. Erie
was lower 90 Tho improved quotation from Lon
don: Central. which closed sSi on Saturday, tuc-
taa,sd all day between \, closing so bid. II
appeared % be freely taken on buyers option
ana Tor cash ny outsiders. Pacific Mall and
Panama are neglected ana . shade lower. TIE
tzsintss ia railway bonds !, light, AMI prices no:
80 firm as they were. The following were The
CLOSING prices Of The day. Virginia s's, 90; 81;
Missouri s's. sii 81: Canton. ieH Cumberland
Coal preferred, ~ Is; Pssiis Mall, rs; 7s.;
se~ York Central, so = !; Erie, 2si !; Hadson
ser. s5i q 5s; Harlem, lsi \; Harlem preferred,
. Val; Reading, isi q 1; Michigan Central. Is !;
a. higsn southern and Northern indiana, sos I;
&c dgsn southern aud Northern Indiana qua
ant ed. AZ \; Panama, ilsa i1s; Illinois Cen.
ri 81 50; Gslena and Chicago, III I; C,evc-
ans a, ID Toledo, tsi !; Chicago and Rock Island,
nal.
m III inois Central gsine1 So ,ia3 % IN trans IN
kurus,. The gross earnings were fg4a.sis Oh.
-a,ns, al l.i7t u last yesr. The total since he
J. Of Jan nary l. 81 So 7si 20. against 81 IT..
"a 2a-or 444.i25 "a gain In eight months. The