The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-03
snce january l. sa3.444 s7s 32,N4,ssa IS ,e4s 40


Included in the above are shipments Of about
$l75 900 Of -four, and wheat 10 Great Britain,
besides heavy shipments of provisions and cotton.
The aggregate for the week Is unusually large.
Rumor states that French government orders for
grain have reached this port, and the condition Of
the French market woald seem to Justify the story;
but such tales are often got up by spectators
for private purposes that buyers must not rely too
implicitly on this one.
The money market continues rather quick, but
the indications that no further advance in rates
will be realized. The day has been busy one,
most of the large banking institutions and banking
houses having been fully occupied in the payment
and collection of dividends; as O general rule the
payments of the day have been promptly met The
Sub Treasury lost money to-day; the payments were
1924 Os4, the receipts SAP lilo, of which $685.
was from customs balance this evening, S. ,s7 403.
There was moderate demand for exchange this
morning, without advance in rates. We quote as
before, bankers bills on London l092 a for 60
days, and ITO a for short sight; Paris, 5.l3
for GO day bills, and 5.l0i for short sight. There
are rather more produce bills Offering; the
shipments fgrain are supplying the market with
some very fair exchange. The Cunard steamer of
Wednesday will not probably take out more
specie than the last vessel of the same line from
this port-say perhaps $3.50 900. Most Of the ship
pers sent forward all they had to send on Satur-
day.
The stock market was not active to-day, but
prices were generally better New York Central
was wanted at an advance, and closed sia bid,
against sly bid on Saturday afternoon Most of
the speculative purchases which are being made at
the present time will cover the dividend.
The Western shares were fairly active; Rock
Island was rather higher, Galena a fraction lower,
and the other shares steady. Panama declined one
per cent. The market for bonds continues firm,
with good inquiry for the issues Of the Western
railroads. This afternoon the market was lower
again on the bank statement, and shares closed
heavy at the following quotaaens:--Virginia 6's,
9il 90; Missouri G's, 500 81; Pacific Mail, 500
/; New York Central, sli; Erie, lsl 10; Hud-
son River, Az a.; Harlem, II /; do. preferred,
> /; Reading, 4ol .; Michigan Central, Az a
IS; Michigan Southern and Northern Indiana 49,
1; do. guaranteed, 80 q 4; Panama, ia; Illinois
Central, 62i q; GaIcna and Chicago, 62I GO;
Cleveland and Toledo, 800 I; Chicago and Rock
Island, -oi; Illinois Central bonds, 81 a
Judge Ingraham's decision in the famous omni-
bus sui, an abstract of which will be found else
where was this morning received by the financial
pubic and honest people generally with satisfac-
ton. 1t will be seen that while large proportion
Of the socalled spurious stock is denounced by the
Judge a. vaueless and ordered 10 be cancelled, the
point Is clearly made that its holders have their
nedy against the company for the maiieasance OF
IL agents. and in all cases where no faint attaches
TO their acquisition Of the stock, it is TO be pre-
sumed that they will recover an amount equal TO
The value Of the spurious stock at the
time they purchased it. II is generally
supposed that this decision will lead to q compro-
mise between the company and the holders Of the
so-called spurious stock. Such termination OF the
difficulty would be creditable to the company, and
would have salutary effect upon all corporate Sc
crrities. The contest TO say the least, has not
tended to improve corporate credit in this country.
The exchanges at the Bank Clearing House this
morning were t3s, 23s ,s32 Sc, and the balances
81 sos $50 %.
The amount at the several depostares, subject
TO the arat OF the Treasurer Of the United States
on the 18th Of June, was as follows