The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-14
FINANCIAL AND COMMERCIAL.


SUNDAY, Jan. l3-6P. NJ
The stock market opened and closed yesterday quite
heavy All the leading stocks offered In Large guam
titles and all the sales lower prices The news
from Europe by the Canada Is not favorable as te-
graphic accounts induced think Private letters and
full reports OF the markets not at all satisfactory The
money market continues uncomforably stringent and
there are no indications Of immediate relief Wall street
il likely to be tight for longer period than usual,
account Of the outside demand The heavy mporations
call for large amounts Of money for remittance and for
payment into the Custom House, and this demand will
probably continue for weeks. The banks dare not
expand to any extent in view of the probable financial
difficulties the other side of the Atlantic and Will
therefore act very cautiously. is for their in
terest to keep down the expectation of specie. They
have as much bullion and coin in hand they
want require; but they desire to keep it in
the country, to give proper basis to credit sys
tenn, and strengthen all local interests. Twelve
millions Of dollars in specie Is as much as our banks
want at any time. If the interior is well supplied with
the precious metals ii always be drawn to any point
where it may be required to meet emergency. We
cannot complain of the present position Of financial
affairs. We see nothing to complain about just now,
and the present scarcity Of money calculated prevent
having anything to complain of for some time hence
We glad at all times to these conservative in
uences at work They of vast service in consodat
departments
and keeping in check all wild and reckless speculation
No fears need be entertained that progress will be
unduy retarded. There is danger but that shall
under the most adverse circumstances, 60 ahead
tu fast enough. We have fears of that Sort and
therefore look upon the present sngency in the money
market upon the appehensons entertained relative to
the war in Europe, and all those matters inducing
traction as many able indications, and qua
rantees that prosperity will be permanent
it should not extend quite to the desired point.
The total expectation of specie from this port this year.
up to che 18th inst, inclusive, was So, 642 so.
A. FL Ncolays regular semi weekly auction sale of
stocks ar bonds will take place Monday next, the
14th inst, at 12 O'Clock at the Merchants Exchange
The steamship Atlantic at this port from Liverpool,
does not bring very favorable financial intelligence
Quotations for consols show slight Decline while the
bank returns show great falling of in the amount Of
bullion on hand. The decrease for the week
than million and half of dollars. Cotton remained
unchanged. Breadstufs quiet without change in
prices The demand for money in London continued &C.
Nive Peace rumors abundant, out the public had
lest Confidence and preparations for opening the spring
campaign with great force, going vigorously.
The Rutgers Fire Insurance Company have declared
sem-ant ual dividend of six per cent payable LIST Of
February the Howard Life Insurance Company semi
annual dividend of 31S per cent.
The coal tonnage the Reading Railway last week,
was only lo019 making total for the since the
1st Of December of 18 I'll TONS against 147e51 to the
time last year, showing decline this year of Is 440
TONS Should the extreme cold of the last few days
tnue week or longer, the stock in the city yards
will be drained d. to stimulate the Reading Railroad
Company to little energy. The ability Of this
road to keep Philadelphia all the time supplied with fuel
is most important consideration.
The transfer books of the Galena and Chicago Railroad
Company close the 18th inst and reopen the I'd
February.
The Auditor of the State of Illinois furnishes the fol
lowing figures, ehowng the amount of Indebtedness pre-
ented for dividend at the State Treasury the LIST inst
also the amount paid, and the rate per cent
Amount Of indebtedness presented ,a9s 11s 40
Ahiouht Paiu...... .................. 4oS, OIL II
Equal to thrtyfye per cent upon the indebtedness
presented
The Kentucky Bank has made semi annual dividsnd
of six per cent; the Philadelphia Exchange Company
semi-ann dividend of two per cent.
The following table exhibits the condition of the Hart
ford banks on January l. 1885,