The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-17
FINANCIAL AND COMMERCIAL.


| THURSDAY, August l5--6 II. VI.
There is no change in the money market Money
il borrowed on call at 81 4 6, most Of the lendc,
claiming that they get the higher rate; short first
class paper goes at the same figures with very lit
lie business below 6; four a six m ,nths paper M
81 Z; prime single names, Z; names less general
| ly knoWn, 10 70. The banks are endcavoring
TO curtail their city loans in order to afford aid 10
! the country dealers who are moving the crops:
hence an appearance Of scarcity in money which is
hardly borne out by the actual proportion between
| supply and demand. The Sub Treasury did large
business to-day; the receipts were S3ss Al; the
payments, ii59,ll9; balance this evening, s. ,e7s,-
| $50.
Th1re was nothing done in foreign exchange to-
day; The market was called steady. The Australia
| sian and Great Eastern which sailed for Europe.
took no specie.
The stock market opened dull ths morning AMI
| the morning board adjourned earlier than usual OF
late At midday prices were lower than yester-
day; at the afternoon session the market was with.
cut change, and stocks closed quite dull There
was good deal of business done in sellers op-
tons by the bears, who constitute quito formida.
bic party at the beard, and who look confidently for
further decline in prices in the teeth Of the increas.
ing traGic. The news OF the improved appearance
Of the harvest an England likewise tended 10 dis.
courage purchases and 10 increase the sales Of
stocks. The largest busioess was Ia Illinois Cen
trial. Toledo, Rock Island and Galena Illinois
Central opened at SC, fell OF TO 80 at midday. and
~sed 81 bid, against Sc at the close yesterday.
Tt ~ sold freely at lGi fell OF to isi and closed
AZ "a -ainst i6i al the close yesterday. Gslena
advareoS =. Tic morning, closing soi bid. against
sor ,.os,,.,a,.. NNck Island declined | per cent
closing So, against So rrivH'e dispatches Nom
Chicago state that the Incl ~@se on the rormer road
for the second week In A Sn.i WHi amount
70 ever $1,000. and On the lVeA Island to
200. Tie roads east Of Chicago VIII not feel
the eject Of The harvest for some time. New York
Ccnf,al w; lower: Eric, hudson and Reading were
drr Pacific Mail an 90, ,,-"'n to ISL rgmq9r says
that some Of tie old holders arc selling out. There
was quite a large business In bonds, and State |
stocks were also more IN geaue.i at better rrcss
The following wer. tl6 last quotation, VI The day.:
Virginia We, Ga 1; Misscut e's. 81 Z; Canton, 90 |
I; Cumberland Coal Is q 10: Pacific Mail, - /;
New York Central, ~ Il Eric, 27i a I: Hudson
River, So !; Harlem, Isl Z; 10. preferred, Isl
iei; Reading &C. a az Michigan Central, e7i !;
Michigan southern and Northern indiana. 81 q;
do gustaa,ecd, al Z; Panama, 1854 q I24; ILLINOIS,
Central, So Galcra aud Chicsso -. 4; Cleve.
land and Ioleas, iCa /; Ckicsgo aud Rock
Island, SIS q !; Chicago Burlington and Quincy
SOS 90; Illinois Central 10, eSis
We have received fr0Ei TIC Mayor 4ad CITY Coan.
Gil u The city Of rond On lac. wi.con.n propo.
sal Which they make by way Of compromise With
their unpaid bondhcld,rs. rhey of,r . redeem
the 10000 a per cen, bonds is.,,,d a. ne Chi
cage. 81 Pau and Fond du lac Railroad. by giving
the holders an amount cgra' 10 tLc principal and
interest due them 10 Tie s.ock u re Chicago aai
Norihwcstrn Railroad; 10 t4c holdcrs Of the
sl5o.000 per cent bonds thcy oacr 20 per
cent In The Chicago an N0rthscacrn sock. /
and % per cent N new cry bond. % I
be secured ~ stalking fuaf Of course an /
sane bondholder vi scoop, ih,s proposition. l
The mortgage bond tscco.i l.ael of re I
Chicago aud Northwes,0n roal are selling % or 4
below So and 81 course tae .i1,k :, raiuelesl Il /
3 set On open question: whffhrr Dol. read gu be /
able 20 p.v n'efesi on g. iehi fo propose o..
o. d.o,icrs 81 t1k. .-o.k BEL ah a rolI. IN ?