The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-01
sluPxrNrs 10 GsEAr BAL Az


which leaves margin for tie reduced consump.
ton in this country and the coutinent Of Europe.
The prospect Of the new crop Is q mat.
ter Of great uncertainty at present. Every.
thing depends on the weather during the
next ninety days. The average of a large number
OF estimates which we were permitted TO see at
Messrs. Nell Bros. Is four millions and quarter
but some very well informed parties at New Or.
leans do not look for crop Of over four millions,
and some Southern houses write that II will be still
lees. The prospect at present, in regard TO the
market, Is rather favorable; private letters from
Liverpool speak very hopefully.
The money market l. rather queter 70 day, and
parties who have been lenders IL have not found
il so easy "a Il has been 10 place their funds on
temporary loan. We do not look for any great
relaxation In the market but Ia the course Of a
few days money will probably be quite abundant
at present rates, which are certainly not high
enough to Inconvenience fair traders. Paper Of
desirable qualities is still scarce.
some Of the leading drawers have raised their
rates on Paris per cent. and asking 5.lli for
sixty day bills and s. 10 for short sight for bills on
London 10 no. for sixty days, and 10, for
short sight. The advance has checked business
and very little has been done for 70 .morrow's
steamers. The specie shipment vii probably be
small for that reason-say half a million OF dollars.
The stock market opened with more tone this
morning. and on the first call fair amour, Of brsl.
ness was done at an advance OF per cent over
the lowest prices Of yesterday afternoon. Al the
close OF the first board, however. the sellers out
numbered the buyers, and for haIf an hour Or -
there was almost panic in the market. and prices
gave way per cent; in the afternoon there was
a slight rally, but the market closed very doll.
Very little real stock l. changing hands. No
cash stock j. pressing on the market. holden. sec
In The increased traffic Of the reads aud the return.
Inc prosperity or the West substantial reasons Tor
holding their stocks. The sales which are being
made arc OF contract stock; In some cases ~ par.
tie. who bought some time since iot the risc aud
al, frightened and are selling out; Ia Others ~ the
bears. Comparing the prices o. Yesterday after.
noon with those given below, we note a de line OF
| per cent 10 Central. in Erie, Ii Harlem. IN
Harlem preferred, Ia Michigan Central in
Michigan Southern, Ii Panama. Ia Illinois Cca-
trail IL Cslcna j ID Rock Island. IN Toledo
II Pacific Mail The following are The sst quota
tons Of III day:-yrgnia CO, 90i Missouri g..
sl1 a /; Canton, e0l 81; Cumberland Coal Pre-.
ferred. Ia l5l; Pacific Mall, III =; Ncw York
Central, sSi I; Erie, 2si ~; Hudson River, 50l
a 81; Harlem, IL !; Harlem preferred q -:
Reading 45 /; Michigan Central. Ga I; Mchi.
Gan Southern and Northern Indiana, 10 20: Dc.
guaranteed, q a 4; Panama, l1si ]; Illinois
Central. s5l /: Galena and Chicago, 7sl /;
Cleveland and Toledo, ~ !; Chicago AID Rock
Island, 7s} a..
The Africa arrived this morning with latei dates.
Bresdstufs continue TO advance cotton was steady
AZ the late advance; conscls lover On the crop
failure and political uncertainties; American secu.
rites active at better prices Z. T. Sat.ctthwaitc
says
We have hal active market ac8 on Itst II ATef.
securities, the demall hav Ia g.cca rr~e NHnor4
u Illinois shares frtaer aivasae & -se csr. las hssa