The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-29
FINANCIAL AND COMMERCIAL.
WEDNESDAY, August 2S--8 p

ties who are generally buyers are now turning
their attention to Treasury notes. The applications
at the ub-Treasury to-day were quite numerous,
and the receipts large.
The foreign exchange market closed dull at
1917 q for bankers' sterling, and 5.2711l 321I
for francs
Stocks were lower this morning on the news of
General Tyler's defeat in Virginia, which pro-
duced an uneasy feeling in the street. New York
Central, which is the barometer OF the Stock Elk
change fell "a at the first board. Other stocks
were irregular. Governments were generally
steady at the prices of yesterday afternoon but the
fves of 1874 fell off being supplied in excess OF
The wants Of the market from New England. State
stocks were generally lower, with the exception
of North Carolinas, which were firmly held, on the
theory that General Buffers expedition is intended
to land on the coast of that State and arouse
Union party there Missouris fell Il, Virginias
a. and Tennessees e. Bank sticks continue dull,
and each forced sale produces decline in price.
Illinois Central advanced ~ Rock Island u, and
Hudson River d, while Panama fell "a, and Read
ing u. There is little or no business in these
stocks; they fuctuate up and down in accordance
with the daily necessities of the spectators, who
are the exclusive dealers in them at the present
time. After the board the market was shade
better, but very inactive. At the second board
Pacific Mail took start of "a per cent, on the
strength Of rumor that the government had
bought the Baltic and Atlantic, two-tifths of which
are owned by the Pacific Mail Company; and the
whole market sympathzed to the extent Of "a q "a
per cent. The market closed firm at the following
uotations:--United States SIS, 1874, 7SI q 70;
Tennessee G's, 42sS q; Virginia 6's, 80 a ID;
Missouri 6's, 4l2s u; Canton Company, 9sl 10;
Cumberland Coal, preferred, q 51I; Pacific Mail
Steamship, 75A "a; New York Central Railroad,
7318 4; Erie, 2iss rs; Hudson River, 80 "a;
Harlem. 1919 IL; do, preferred, 241a rs; Read
ing. 3511S "a: Michigan Central, 4lL AZ; Mchi-
gan Southern and Northern Indiana, 13H "a;
do, guaranteed, 1914 29A; Panama, 1917
1867; Illinois Central, 64N "a; Galena and Chi
cago. 654 ~; Cleveland and Toledo, 2S24 20:
Chicago and Rock Island, 40% IL; Chicago, Bur-
lington and Quincy, 5sT 81; Milwaukee and
Mississippi, IA Is; La Crosse and Milwaukee
land grant bonds, 10 IL; Illinois Central bonds,
s9s4 SO.
1t is generally known that the government has
been for some days in negotiation with the owners
of o number Of large ocean steamers with o view
to their purchase for the national service. The
some time since by naval inspector. and the lat
ter were reported to be worth 800 per ton. To-
day it was reported that the government had
bought them at this price, which would give about
$3.50, 000 for the two steamers-rather less than
half what they cost. On inquiry in the proper
quarter, however, we find that the purchase has
not yet been contaminated, though it is regarded
as probable. Both ships are reported as drawing
too much water for the blockading service, but
they would doubtless render useful service in the
chase of privateers. The Vanderbilt, which is
much stronger, swifter, and in every way better
than either, has not been purchased. and appa-
rcntly will not be, under the present inefficient
regime at the Navy Department
The business Of the Sub-Treasury was as follows
to-day
Receipts saas Ss5 %
For customs. Observation-Disclosures. 5000 90
-Ireasury hotos' a.lLoo W
Payments $40 ,9o2 *
Balance. LII 81
The exchanges at the Bank Clearing House this
morning were 1895 ,4S0 SO, and the balances
1856, 43O 81.
Annexed is the latest statement received Of the
New Orleans banks:-
short loans 5000, $50 io,eoo, 45a Inc " 5ss 500
Specie ......... Ii 6I4oI5 Ia $40 659 Dec. 81 $50
tSrcuiation...... 64it,5s1 e,4ts 400 Dec. 2s,l25
Deposits ...... 5,452,o93 15,sl7173 Inc :. 65o4s
Exchange. ...... 3,563778 $3.50 ,252 Dec. % 424
pistan, balances 7632Is 7o4 2O6 Dec. SO oO3
Total oans.... S.550,37s 1851, 963 Dec. 81 5se
The following is summary of the condition of
the banks of the three cities, as shown by their
last weekly statements
n York Aus ssssss 4 ISIS s sssas s4 BE-
F rS Aug sss s.ss s4 s s5'ss l ss
NJ, saoc "a o., reo nc 500 200 Iys 10 Co,
Last aa1 week 'issssss SssdosS 1851 issss
The changes from last week, it will be seen, are
very heavy, growing out of the government loan
negotiation. The proportion taken by the Boston
and Philadelphia banks only partially appears in
their returns.
The Shipping and Commercial List publishes the
following table, showing the exports Of breadstuff
from the United States to Great Britain and Ireland
since the lst of September, 1861 to the latest dates
from the several ports:-
F1oNy, Neal, Wheat, Com,
Ibis. bbls. bush. bush.
New York i, 1852 1902 1913 20,253SeS 1896 021
New Orleans. OH 400 8S,f5t 1,IS4,0f2
Philadelphia. -. 1874, 225 l,536,S2l 6T4,323
Baltimore. 1913 ,131 IL 1,0002s9 s50,le6
Boston. ........ 14,658 log 1s,413 14,l00
Other ports..... 160,S44 2,369,999 49, 51
Total 1seo-s1. 5s3, 731 Sas1 :52dT 800 1,574 JOB
Total 1S59-C0. 684,T23 944 4,6S5,l2S 9, 224 ,6s2
Increase $40, COS 2,4S7 20 5S2311 9,2394 21
Total, 1859. 10000 % 4ss,7ss s2o,6sl
Total, ls57-5s Il ,3oOs0s COZ e,65S,6S9 3,G2,4 44
To TIE COMMENT.
Flour, Wheat, Corn, Ryc,
b1ls. bush bush. bush.
New York III OIL S,067,327 90 COS 343,242
n.A.