The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-07-24
l,Oll III
I07,7l3 III ,909 -

Increase. 81 ,304 SO l,6ll 0i
Decrease. I07,l3 l4i ,e09
The Increase OF loans is too large, aud indicates a
want of prudence on the part of the banks. The
loans are now seven millions more than they were
al this time last year. Tie decrease Of specie IL
less than expected; in this especially
| In yiey Of the California arrival last evening-the
| statement Is a stroug one. But IL the loans con-
tinue TO expand the banks will find they have not
| specie enough 10 stand the drain that viii set in
| this fall.
There is no change in money to report. The pa.
| pcrs say tina; the supply at for short aud q for
/ long paper il large enough 20 keep the market
easy; on call there is plenty Of money today AZ
per cent. The Sub Treasury did large business to.
day; the receipts $3.50 sos-of which sl3l 900
Was for customs the payments, si2o,0sl; tie ba-
lance this evening, e. ,356. GA.
The business done to-day in foreign exchange
was quite moderate. Rates continue IA they were.
For sightbills On London the bankers ask n0i, and
5Ici los same bills Paris; the usual co day bits
/ 60 q. 1904 and OBJ. The market opens without
4 MUCK animation.
| The following are the latest quotations of sight
\ exchange on New York al the cities mentioncd:-
New orienns. 4, premium
th;aro.. s...s''. '..'.''.s ''sss''''.... la DO.
1 Ihuldt lpLA s......s...pH.
The stock market opened this morning without as
much animation "a characterized the dealings last
week. At the first board several stocks were
lower; but between the boards a rally took place
and in the afternoon the market was considerably
better, with general inquiry for stocks. The CHEF
int.rtst Of the market centred in Pacific MAJ,
49,. 6''er getting down to 50 this morning.
cit, a ga n the middle Of the DAY. and
closed this evcun.s at ~ bid, against 50 on
the afternoon Of satn,day. We refer below
TO the causes Of this t.. "actqeqqn in
this mereual stock Panama was also lower;
|, sold st 1884, closing at l2j bid tn: W.
shares were as GENERAL ruie. prStty steady; but
ule N'cnigah Southern and the Toledo stocks were
iower-ha,ing reacted from the recon, advance.
Inc business on both roads justifes no decline in
either stock. Under ia new management, tho
Michigan southern Company securities arc be.
coming daily better property. Central VS. rather
n'"'i inc Hily performance Of Mr, Attorney
N.Y. 81 Albany may have some cfcc, in political
o"V''s ou.N Is beginning to be laughed ~ \ = u de-
''I'es' IN wan street The demand for 81. a., ks
eN coed eonas continues fair. and prices arc -.
'as s9leNins were the last quota,ions
ma 1a see l. Missouri e'4.
his ACKNOWLEDGEMENTS v g.,
p 50; Canton, 10. 20; Cumberland Coal, "a
I5l. Pacific Mail. So I; New York Ceutrsl, s2l
!, 4; Eric. q. !: Hudson River. 53i a5i; Harlem,
I6 I; Harlem preferred, All 80; Reading, i2i a
l3 Michigan Central, 57l 50; Michigan southern
and Northern Indiana, lea 4; Michigan Southern
md Northern Indiana guaranteed, 36i \; Panama,
Us n J: Illinois Central, 7li rs; Gslena and Chi
,aeo, eai 4; Cleveland and Toledo, 36l !; Chi.
,aeo and Rock Island, Iii !; Chicago, Bsrting.
ION and Quincy, sss 10; Illinois Central ia, elal.
Rumors have been current for come days in rels.
ion 10 the establishment of o new steamship line
on the Pacific; A. late Saturday afternoon. how.
.ver, nothing definite was known on the subject at
he Offices where information on such points was
naturally sought. This morning one or two parties
who have been in the country for The past few days
cturned 20 town, and from one Of them-thc best
uthorty on the point-we learn that the street m.
nors had foundation in fact, On 18th instant Mr.
isrshall o. Roberts CLEARED lie Steamship Grarni,