The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-14
FINANCIAL. AND CONNER GAL.
FRIDAY, July I3-6P. NJ.

FRIDAY, July % p. NJ.
Tho money market remains about as Il was, cali
ioans being worth per cent short first class paper
50, and long paper OF the highest grade 81
~ The banks are trying 90 keep the rate up,
Gnd ask six a. general rule. Within the past day
O. two more mercantile oapeg has been Offering
than usual We are approaching a season Of
feneiSl business activity, and the wants Of the
merchants are likely TO be large. j may be no.
iced that for the rst time for many months, the
importation of dry goods for the week ending this
day j. in excess OF that OF the corresponding weeks
al 1859 and 1855. Everything, in fact, indicates
heavy trade in foreign dry goods this fall The SUBJ
Treasury receipts for duties tell he tale-they
were s222 80 to-day, the total receipts being
$3.50 TOO; the payments, flsl 39l; balance this
evening, S. ,47l Jos.
There has been a fair business in foreign ex-
change done to-day Tor the Adriatic, which sails
to.Boxow. The bankers opened at Io9i for
sterling, but before the close OF the day several
leading houses raised their rate 10 40, having sold
as much as they wished. For sight bills on Lon
zen the rate il ll0i; for francs, 5l35 for sixty
day bills, and 5.l0s. The market is comparative
~ bare of commercial bills, and the bank
ers who draw largely lind themselves obliged
70 cover with speeie--a business which, this sea
son has not proved very profitable. The Adratic
and Edinburg viii take out tomorrow something
nike million in gold and silver.
phe following are the quotations OF sight ex-
change on New York at the cities mentioned
Philadelphia .........................pa
New Orleans q = premium
Cincinnati. '.''''''''.''''''' /,
,Gh cago. j
The excitement in stocks il undated; the volume
OF bushes, done ,y has been even larger than
al A..ar 20
have lost courage; the commission brokers report
a Substantial increase of business, mainly in the
,Wei.ern shares and bonds. At this mornings
board, R,ck Island advanced !, Toledo /, Galena
l. Alineis Central 4, Michigan guaranteed !, Michi-
gan Central d, Hudson River s, Erie !, New York
Central /; after the board there was moderate
reaction from these prices. In the afternoon large
business was done, but prices were lower than in
ihe morning. gentleman just arrived from Hi
ncis reports that harvesting has begun far north
IS the Rock Island Railro I'd, and that the crop full
his general expectation. With the exception of
few northern localities the wheat crop is nos so
Ear advanced TO be beyond the reach ofrust. The
bend market continues active. We note an advance
Of lper cent in Clegalsnd and Toledo sinking funds
si per cent in Michigan Southern seconds, and of
"a in Hudson River thirds 81 the state stocks
arc also Nduttu az Oh ADVANCE, tHS 'Vho""S
were the closing quotations of the day:.Yrginia
e. eih I; Missouri 6s, 81 !; Canton, l9i 2os;
Cumberland Coal, Is Is; Pacific Mail, 900 !;
New York Central, sSs 81; Erie, 2ol J; Hudson
River, 49E 50 Harlem, IA I; do. preferred, Az
3; Reading, 40 a 4; Michigan Central, 53i J;
Michigan Southern and Northern Indiana, l1s I;
co. guaranteed, 37I IS; Panama l27 a !; Illinois
Central, 6Gl 4 z; Galena and Chicago, 66i !;
Cleveland and Toledo, IS a 1; Chicago and Rock
Island, 73I J; Chicago, Burlington and Quincy,
75g 70: Illinois Central ~, 90 a 80.
A failure took place on the Stock Exchange to-
ssy, caused, as we understand, by the failure yes
terday Of Philadelphia house. The party in ques-
lon ia settling all his contracts on the basis OF to-
days prices, and as no imprudence can be laid to
his charge will doubtless be shortly enabled to re-
eume his seat at the Board. Mr. Edward Little, we
hear, is settling with his creditors, by giving his pa
per az twelve months in full for the claims against
him.
Tie Erie Railroad Is 10 be sold under the foreelo-
sure Of the fifth mortgage, as contemplated by the
act Of reorganization, on the goth November next,
the difficulties raised by certain parties who had
bought second mortgage bonds having been at
length overcome We understand that the reorgani-
zauon will enable the company to resume payment
on all its debts and 70 claim a release from the
eeivership.
The following was to-day's business az the Mining