The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-11
FlNASc.a' AND CONNIE c'AI
FsrpAY, August 100 p. NJ.

FRIDAY August 100 p. NJ.
The money market is easy again, the supply OIL
money seeking empley rent on eau and LOT SNORT
paper bei1g in excess of the demand. The Cookers
complain of the scarcity Of paper and intimate
that from present appearances trade must become
much more active before any important advance
in the value of money can be established. Long
paper is not so much inquired for, and very good
six months notes go at 81 Z per cent. The gene
raj rate asked is Z. The Sub Treasury did fair
business to-day-the receipts were 1907 ,629, of
which 100000 from customs; the payments,
slo9,o47 the balance this evening, IS ,904 ,345 Mr.
Cobb is working his way from hand to mouth, with
fair prospect, however, of being able to throw
upon his successor the responsibility of negotiating
the $2l 900 900 loan.
The dry goods import for the week ending to-day
is in excess of that of the corresponding week of
each of the two past years the figures being 50 49,
600, against $3.50 900 in 1850, and s2663,OOO in
1858. This reduces last years excess over this
year to 50, 100000. The leading silk importers APP
pear to be confident that this falls importation will
be light the lessons Of last year, they think, were
90 severe TO be readily forgotten.
The business done in foreign exchange for the
Illinois and City of Washington, which sail to-mor
row for Europe, has not been very large. The
leading drawers ask 1897 ITO for sterling, and
5.l3. a l4s for francs. There are few commercial
bills in the market, but not enough TO affect the de-
msnd for specie. Should the California steamer
arrive in time the shipment tomorrow viii be
large; if she does not arrive in time the shipment
viii probably range from 81 $50 900 to 81 800 OOO
The transactions on the Stock Exchange continue
IN hrnk
can do. The out-oftown orders are increasing
very rapidly; people who lost money in stocks in
1857 and 1858 appear to think that they can make
up their losses now, and, TINS far, the event has
certainly justified the expectation. Each day wit
nesses large sales by parties who have made, as
they consider, profit enough and who look for a
downward turn in the market; but as fast as one
holder sells out two new buyers take his place,
and thus the movement OF prices is steadily up
ward. The stocks which improved most to-day
were Illinois Central and Eric. The former
opened at san advance Of Il per cent over yes
terday's closing price; sold up TO IS in the morn
ing; was done at s7a in the afternoon, and closed
81 bid. The first weeks earnings are said 10 show
an increase of $1,000. Erie opened at 29a-an
advance of since yesterday evening; sold up TO
81, and closed BOZ bid. Rock Island sold mp to S.
IN advance of per cent; II closed s4l bid. There
vas good deal Of realizing inNew York Central, |
Toledo and guaranteed; these stocks were shade
over in consequence. Gaena advanced per
ent. The first weeks earnings show an
Increase of s424i. The new tariff esta-
,lshed by this company will make ma
erial difference in the earnings this fall. The
riends of the road expect il to take asmuch money
Is it did in 1885, The Michigan shares were quiet
II: the common stock of the Southern advanced to
IS, closing "a bid. In the afternoon large bu-
iness was done amid considerable confusion. The
ast prices of the day were as Virginia 6s
IL q 4; Missouri 6's, 81 I: Canton, 49, 20l;
Coal, Is! l6; Pacific Mail, s2a $751;
New York Central, 81 i Erie, 30l I; Hudson
River, 5s al; Harlem, 20 4: do preferred, 504 a5l;
Reading AS I; Michigan Central GA 7; Michigan
Southern and Northern Indiana, 2ii !; do guaran-
teed 10 J; Panama, 1913 J; Illinois Central, 81 ~
Galena and Chicago, 81 50; Cleveland and TolsotI
Az is; Chicago and Rock Island s43 So; Chica-
CO. Burlington and Quincy 50. 90; Illinois Central
"a. 95l a &c.
The friends Of the Reading Railroad are much
disappointed in the falling onin the tonnage for the
current week. The Indications of last week pro-
missed results which arc not likely TO be realized |
Judging from dispatches received to-day.
We understand that Mr.. Dayidge has re-
ceiyed leave Of absence from the Pacific Mail Com
pany in order TO recruit his health, which has been
very much impaired Of late. On his restoration
le will resume his post as President and active
manager Of tie company. During his absence,
he companys agent a, Panama will take charge
If the business here. Mr.. Davidge is much es-
eemed 10y the directors of the Pacific Mail Com
1any: he enjoys their entire confidence.
Mr.. Horatio y. Slater, President Of the Provi- /
ionce and Worcester Railroad Company. has ten |
ierod his resignation, and Mr. Earl =. Mason |
has been elected President pro tenn.
To the 1T Of August the Illinois Central Com.
pany has forwarded 500 1G3 bushels Of grain and
four which exceeds the total forwarded in the |
whole year Of 1856, which was 1925 500 bushels. |
Last year ,20i ,00i bushels were forwarded.
The City Comptroller gives notice that sealed |
proposals will be received at his Office until Thurs
day. the 10th day Of August, 1850, at two o'clock
P. NJ, when the same will be publicly published,
Tor the whole or any part Of the amount Of two
hundred and fifty thousand dollars for the Central
Park Improvement stock"
The sales az the Mining Board today were
leo shs Cen; AL. g. % shs R,csland.. 25is
100 lslc Royale b3o II
Annexed is the July statement OF the Baltimore
md Ohio road
Main cysl Wash Rr " W Ia Tlal