The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-18
FINANCIAL AND C COMMERCIAL.
WEDNESDAY, {, Oct. l7--s z. NJ.

There IS no change in the money market LIS
we noticed yesterday, the SUI ply OF money at elk
per cent On call is in excess OF the demand. At
the discount houses there is fair supply Of short
produce paper, which goes at Gt Il, according
to quality. Other kinds Of p Iper are scarce, and
occasional ranss tons have ,een maae as low as
per cent for very short priu bills. This, how
ever, is rather below the mark et. The business al
the Snb-Treasury today was hght-the receipts
were s26s $685. Of which sl02 % IRON customs; the
payments, s2Ji ,os5; the bal nee this evening"
si5l9 400.
As usual on Wednesday, no hing was done in
foreign exchange today. 1ith shipments Of
three millions and half Of pr ,daoe in week, II
cannot be expected that the pr be OF bills should
be maintained
The stock market opened J. ycr and dali this
morning but recovered strength / towards tie mid
die 81 the day. The sluggishne q produced by the
political suspense, and the chez L given TO outside
business by the Rock Island iii viiend affair, are
being used with skill by the bea N in the work OF
depressing prices. The arsnme IT. for an agains,
the market al the present time orear to he pretty
well balanced. On the one la nc, the bears talk
about the election Of lincoln; - the other, the
bulls point to the increase in rail way trafrc. The
bears are satisfied that the pm nc will have no
more TO do with railway proper 3; the balls be.
lieve that dividends viii bring purchasers toS
stocks. The bears believe thai the rise has
exhausted itself; the bulls 20 iEt TO the in.
creased exports Of produce ! the increased
demand for grain, and argue that tie advance has
only just begun. The bears quote tie fall n Rock
Island o. an evidence Of the da 1ger Of buying
stocks; the bulls quote the rise in Bic and Pacific
Mail as proof that II Is not safe q sell them. In
the meantime the market varies bat Little frcl day
70 day and neither side makes nue. money. The
most active stocks Of the day were Gsiena, which
advanced between the boards 10 y and closed
Is! bid against T7i yesterday; Cent? o., which sold
down to ST. then up to sal, and cl sied that bid,
against s9i ut the close yesterday nm Eric, which
Guctuaied between 80 and 3sl, dn' dly closing at
3si bid. The article in this morning = BERAID on
the subject Of the Galena il the sub lect OF many
comments Parties who arc short Of 5e stock con
slider the estimates Of future earnin q much er
argeratcd. Tine win prove. We " ere not mis-.
taken when six months ago we pr, dicted hgLa
traffic on the Galena for the sumner months; our
present information comes from sol uce equally l
reliable and quite independent of any stock Job. /
hing influences. IT. however, tie stock should sell 4
At 10 this winter the operators who are short OF Il
cannot complain that the prospect was not fairly /
laid before them. There was little Dc me ia the
Western shares generally this morning Paoinc
Mail also was neglected. We repeat our advice to
stockholders in this company not TO all ow their
proxies 20 be used for the purpose Of re .eectiny
directors who have destroyed the credit, haracter
and standing Of the concern for the sake of their
own stock gambling schemes. This afternoon the
mar ket was steadier, and closed at the following
quotations: Virginia c. g0l i Missouri 6's, 7si
/; Canton Company, l9i 20; Cumberland Coal,
I2l l3i; Pacific Mail, 93i q "a: New York Cen
trsl. s9l /; Erie, 39l 7; Hudson River, 81 1;
Harlem, 81 a J; do. preferred t9l 20; Heading,
a /: Michigan Central 6s Il Michigan South
srn and Northern Indiana, 2oi p; do. guaran.
teed, IL 1; Panama, 1854 l26; Illinois Central,
sst 81 Galena and Chicago, Tst a /; Cleveland
and Toledo, l5i a !; Chicago and Rock Island, 70
a A. Chicago Burlington and Quincy, sol 20; II.
linois Central rs, 97ai.
The Fulton Bank has declared a semi annual
dividend Of FIVE per cent, payable on the LIT Of
November.
The sales a, the Mining Board today wcre:-
100 shs Phepx. ~ 900 shs RockAnd. beo a
100 Guildfovd -. so 3 100 do, .bs0 al
leo DO ~ 100 do......b3o "a.
The Canada sailed from Boston to-day, for Liver.
pool, with only q 700 in specie on board.
We learn, unoYicialIy that the Chicago Rnyi;ng |