New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-02
SECOND BOARD.
TUESDAY, Feb Pm.

TUESDAY, req I'm.
There has been an active demand for Money
today The Phoauix Bank, which had to pay o. 300.
coo on account Of the Atlantic Insurance Compsnyis
discharge OF so much OF their scrip called in loans "
that extent which had i'll effect on the Money and
Stock markets. besidcs which, the Ne ihanics bank
paid the quarterly interest the City stocks aud the
payment of the half yearly dividends on the PennsyI
youa Old Fives caused an additional calling 10 ID
loans, the accumularons made with view to ness
thee payments had been thus temporarily Invested u
loans.
The rates for the loan and discount Of money
are much frmer at G07 per cent.
The demand for Sterling Exchange, to remit
by poet 20 Boston for to.morrow's steamer was ass
very active, and higher rates were asked and paid
One leading house asked 10, and most OF them 10.
sisted ON 1904 while no bankers bills could DO %
tanned under 1904. There upward tendeacy
In the rates the close Other bills than bankoss
were dull and heavy at 100 1901.
A circular was addressed by firm that had
drawn largely on Messsrs Collrnan & Co, of Londos
and whore bills them had been ned requesting
time until they ascertain how they stand
Money we observe, is not only in active do
mand among the brokers here, but also at Boston,
where n eadidg house OF whom the brokers are large
borrowers have raised their rates to v cent To
this activity Of demand for money do attribute the
present heayiness OF the Stock Market which, howev.
s only temporary from the nature of tho circus.
stances.
The Federal Stocks as usual we're steady,
Ohio Indiana aud Pennsyysns State STOCKS soli
.old brsky at full prices The fancie- show a decline
Erie sold hrgey s,A closing decline, v cent Hsr
lem io OF . Hudson River barely maintained itsef
Portsmouth Dry Dock receoed to O. losing all ib 70
cent advance Pennsylvania Coal declined /. New.
Greek per share. Cumberland Coal v cent Mic
arogus : Morris Canal ]. and Florence and XeypOr ..
Anew Goal Company launched lis stock on the msrka
this afternoon called the Potomac Coal Company. Of
which 200 shares were sold at 4ail. Tue settlement
OF the numerous payments making, will lead Il v
anticipated 70 improved feeling.
The Freight market is dull and rates rather
heavy We notice only engagements 10 Liverpool d
some Flour at 33Q3l6. md Of Grain at l0i old To
California and Australia there ia good deal Of heavy
Freight offering at previous rates
We notice great increase this week in the
amount OF Cotton received at the Southern port being
largely IN Of the receipts Of the corresponding
week OF lsJ2 There was some Increase lat week.
and the decline in the previous two week. has been
wholly recovered and faith obtains stronger than
ever in very large yield OF Cotton this year, fully
$4,000 bales. This increase Of supply will lead 70
greater amount Of Cotton bills ofExchsnge which will
che, the present nomentary tendency to advance
Ia the Tor Sterling The falling of in the receipts
Of Cotton noticed fortnight ago which led TO rise In
price was merely the consequence Of impcdiments 70
internal river navigation which have since been re-
moved
The following table viii show the amounts at
the sereral depostores subject 70 The DRAFT q the