The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-16


Peoof.va1ia Central 6s. IS 90
In relation 70 American securities Messrs. Barring
Bros. q CO. remark
There been sass @. United States 5s at esR
state s.ocSs without movement and whn. has been
bousht been for remittance for the United States
TIE business is Chiefly IN speculative railway securities
Illinois Central shares have risen TO 81 discount and
the bonds at 81. the free and AT o. New York and
Eric shares, q bnds. 81 mortgage, SO So PenDsyi-
vnria Central bonds ss;i: New York Central shares,
syts: hoods % Michigan Central bonds. So 90 Ca
NADIA Is, 1917 l0l - New Brunswick 6s, lo5ii.
Sattc-thwaite says
We have to note considerable act witty IN the market
for American securities during the past week, the de-
nerd having hec sneai the principal inquiry,
howeer has been iov Illinois Central shares and bonds;
the shares have steadily advanced from day TO day,
amounting altogether TO m advance during the week
con:srucsion bond. are very arn a, ssas! New York
Centval to1de continue Ia demand for investment, and
the shares more iraured forErie shares, q g.
The Liverpool Tunes Of August says of the
grain trade
Yuh rain has fallen during the week ia this and the
surrounding Districts with ow range Of Temperature,
which contru 10 exert rctardng influence the ma
tarag OF the grain crop and renders prccarous
prospects OF the ngatherng Notwithstanding these
citing the wheat trade at the provincial markets
held this week under the influence Of duller accounts
from Max Lane, Las rc.ed quiet and there 10 little change
To note L. value compared with the currences Of the
pas; week. The Ga-e returns Of wheat for tho week
en5na 2Sih uno are 6s 954 quarters The trade hero
has been 6ned mode cnnsumptive business In
wheat India corr and nour nj previous rates We have
chiefly from America those OF Indian amount to
800 a1d the exports tn 5000 quarters The exports q
wheat ana rocs are on an Increasing scso 70
43 quarters OF the former and 1900 sacks and 30ss
barrels G! the latter
We discover no change in the money market,
though some brokers quote rather Grmer. Still
there is no lack Of money at 81 per cent on call.
az the same rates for first class short paper and
long paper, with two approved names. goes
veadily enough Of ca al. TIE banks. j, is said.
are enieayoring to curtan their loans. Were this
proved &c be the case, II would have tendency 10
strengthen confidence The Sub Treasury did
fair business to-day: the receipts slil ESQ., OF
which slis 600 we're from customs: the payments
else SIS; the balance this evening. s5.7ie, le7.
There wns little or nothing done In foreign ex-
change to-day. as usual on Wednesday. The mar
| ket cosed steady. Two steamers sailed for
| Europe % poOn-the Africa. with 1888 .ell. the
Saxona. with $50 600. making the total shipment
Of The day 1888 .sll-about the sum specified in this
mornings HERALD.
YESTERDAY movement on the Stock Exchange
was reversed to-day. Stocks opened buoysntly.
| and advanced from to per cent: after the first
board snail decline took place; in the afternoon
the market was generally steady. but closed ire
gUiaT. The business done to-day very large
indeed. especially in the speculate railway stocks
the inquiry for Illinois Central. Toledo, Michigan
| guaranteed Erie and Harlem being unusually &C.
tive. Illinois Central. which sold on Friday q; S.
AMI yesterday az 50. opened this morning at IS,
sold up to S. cash fell OF to So and closed sc bid
The story about ife large sale Of land to an Eng
| l:si company j. about a wear old Yesterday the
road took into Chicago 80 ESQ bushels wheat: the day
before 36e loaded freight cars were received tie
IS -.
BY the hears. fiuctusted between 40 and i7s. clos
ing lGs bid against a.; bid al the close yesterday
Gaieua advanced 2 per cent. closing soA bid,
against 20 yesterday. The advance Ia Rock Island
was II. the closing price 81 bid. Erie opened a.
27l sold up TO 2sl on time and closed 2s bid.
against PSI yesterday. A, the morning board
Central was per cent better. Michigan guaran-
teed 4 per cent, the common stock per cent;
Harlem Z. Hadson River H. The tusiness in bonds
was light Ia comparison with activity Of the past
few days. In the afternoon the market was lower
on some stocks but closed pretty firm at the fol.
lowing quotations;-<virrnia 6's, eli !: Missouri
SIS, 81 50: Canton, 2oi: Psci9c Mail, 79i 70;
New York Central. S. !; Erie, Is a 4; Hudson
River. SO a l. Harlem, 1ei 20; do. preferred. 4ai
50 Reading, 46s a I: Michigan Central, 81 I;
Michigan Southern and Northern Indiana, % %:
do. guaranteed. Al !: Panama, l23 ia: Nv.
noie Central sc sc: Galena and Chicago, 500 a 81;
Cleveland and Toledo. 4el AZ; Chicago and Rock
Island. 81 q 81; Chicago, Burlington and Quincy
ella q; Illinois Central rs, 95 al.
Estimates are already being made OF the argre
gate product Of the grain crops Of The West this
year. In lass Chicago exported ss3,259.s2l OF
produce. and imported col $685. so Of merchandise
Of various kinds, thus running in debs that year
over 81 900 ,00o the rate Of exchange on New
York was that year u al per cent premium. II
seems to be generally believed that the crop this
year Is 6ty per cent larger than that Of 1855, and
II is expected, in consequence Of the extremely
short crops in great Britain and the want Of food
in our Southern States, that the price Of food
VIII average 20 per cent more than IT did in
1858. Hence Il is assumed that the exports
Of Chicago this year viii be City per cent more