The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-06
Increase Il u,,...' ..'"'.''.''',"''"' sse'a'o :.
The New Orleans Crescent Of the s1st = August


The tenor and general Of the money market 10
day were in favor Of borrowers the calls Il the banks
~ saonshs pasrthat H. outside OF bank-to the OF.
tent o. 500 900, s. IRON per cent there were
Other : - Pc, o,s Ssc Dc, mos:
the purchase OF Ios, 30 city consolidated bonds,
drawing per Interest There were only two propo
SAILS vil-Ant c.rrsrs, for 5000 At 81 Ihomss Lay.
ton The whole At S. me . BID Of -, c.rrisre
for the whole sum-the balance, II Is presumed, cay
Is 600 viii be awarded TO him. making tho total at one
very limited supplies With good demand for Northern
sight funds the counter rate q the banks ruled from
the extent Of $40 900 At premium There were also
sales at sic premium, and ave days sight q 10 pro-
MUM; sales q sixty days sight q llaih discount,
discount In clear sterling there sales at 1927 Ito
for remittance these figures too high for dealers
ers e take, Particularly when they can realize pre-
York; The psnls are only drawing IN light sums OK
tremely light Francs without any change; we quote
8 20 SIS, and dull.
On Saturday, says the Chicago Press, the amount
of wheat Gncluding four) received was 205 $50
bushels, which are the heaviest receipts for one
day ever known Ia the history Of the city. The
total receipts Of all kinds Of grain with -four re-
duced) foot up 263 ,269 bushels. The shipments Of
wheat up to Eve O'Clock in the afternoon Of Satur
day amounted to about 200 900 bushels. The pre-
sent high rates of freight have brought large num-
Der of vessels into our river-strangers to the
portland almost everything aAoat at all ft for
the purpose ia now finding employment in the car.
rying Of grain.
The Philadelphia Bulletin of last evening says
case OF breach Of trust has occurred here causing
much surprise and grief in certain circles young law
YER acting agent FOR party now In Europe, has lately,
tie transfer clerks Of he IsSgh Navigation COMPANY
thus obtained 116 shares Of stock and 100 OF scrip
much larger. The lawyer, whose mysterious absence
easness, was last seen in New York Friday, August
a. BE Is supposed TO have sailed next DAY for kurope
Up TO this time his integrity has been unsupported.
The Boston Post Of yesterday thus notices the
money market Of that city,
abundant and the banks have gained some specie The
money market, therefore, has better tone, though, g
rstes, even when matters were in more confined posi-
ton me demand for money is trine larger than
Eastern paper s sent from New York for discount
but even with this addition TO the homo wants the de-
mand Is exceedingly moderate Some Of the banks are
getting small exchange New York paper me miri.
with exchange or brokerage We may quote OK tot.
the lowest outside hguresthe best Boston paper single
although in moderate quantity.
The Cincinnati Enquirer Of August 81 says:-
decree for the sale Of the Detroit and Milwaukee
Railroad been granted by the Court, and We under
stand tia. have been nearly perfected fSs
warrant the belief that further financial trouble may
be anticipated In the future Tho reorganization contem
plates the socurement Of four classes Of creditors and
that road be placed under the management Of the
Great Western Railway Company, representing about
81 $50 OOo which win be exchanged for preferred stock
bearing per cent interest," and that the old stock
holders representing shares 70 the amount II % 20 0o0
win be exchanged for ordinary stock N the mes compA
ny q the rate OF twenty cents the dollar. The com
pIetou Of this arrangement which n nov about perfect
ed win make the debtor side u The account Of the road
read - follows:-
Ordinary stocx. 49, ~ ~
Preferred stock, bearing per oent.. 200 O0o
First mortgage mostly bearing per $50 900
Second mortgage, bearing 10 per cent. 900 900
The amount at the several depositaries, subject
to the draft Of the Treasurer Of the United States
n-xt- -