The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-25
FINANCIAL AND COMMERCIAL.


MONEY MARKET.
SUNDAY, Feb. N-6 Pm.
The past week has been rather a quiet one in
financial affairs. The stock market has been mode
rateiy active, but prices have been gradually settling
down. The absence of later news from Europe had
depressing influence. Money matters continued
very easy. Capital is abundant in the street, and
loans on call are freely offered at gradually receding
rates Of interest. The banks are steadily expands
ing, and it is the impression that the next weekly
returns will show an aggregate line of discounts of
over one hundred million Of dollars The specie de-
partment probably has not changed much. We
have had no new arrivals of gold from California,
and but one moderate shipment of spesie to Eu-
rope. In the other departments the changes are
at all times unmportant. banking movement
of more than one hundred millions of dollars
Is rather rare occurrence in this city, but will
soon be very common affair. The increase
Of banking capital has for some months past been
rapid, and as it becomes active must swell the ag
gregates of all departments The trade and com
merce Of this city are growing very fast, and the
demand for bank credit must he met by the old in
sttutions or new ones must be created to meet new
wants. Within the past six months several new banks
have been formed, with capitals ranging from half
million to two millions of dollars and we shall zee
within the next Elk moths not only an increase in
the operations Of the old banks, but an active move
ment in the Few ones, and perhaps the formation Of
Institutions not at present contemplated. Some Of
the old banks have, during the past year, enlarged
their capital. All these things point to very grea
expansion In bank credit, and to an expansion in
business generally. Independent Of this, we have
an accumulation Of private capital At present it
amounts to plethora; but as soon as internal and
external navigation becomes free, and all modes
Of communication are again in order, we shall find
plenty of employment for all the money at our com
mand.
There is, we believe but oneopinion about the i'm
mediate future. 1t is universally conceded that there
never was, in our whole history, time when our
financial and commercial position was more clearly
defined, when our prosperity was more firmly estab.
shed, when the future vas 20 full promise, when
tne people .! large were 50 rich and comfortable
wne In fact, every element of progress was in such
sound and healthy condition as at present. With
without peace in Enrope we have nothing to fear
on this side Of the Atlantic. An ami fable adjust.
nent Of the difficulties which now divide the nations
of Europe would give q great impetus to specula-
ton within our limits, and for time give greater
rests, but for long continuance Of the presen'
European war would be more advantageous The
establishment Of peace would remove all existing
checks upon speculation, while war would exercise
healthy and conservative influence upon credit,
and serve to confne commercial operations within
safe and proper limits. So far as the permanent
prosperity OF the country at large is concerned our
voice is still for war.
The exports Of specie from this port last week
were larger than in any previous week this year.
SHIPMENTS SPEc1E FROM THE PoRr OF NEW York.
Steamship Persia L5poOi Gala coin and 2
Bark Ceres sumatrs, silver dollars. ss 90
Steamship Washington, Bremen, Amer. gold. 1900 90
Total for the week s740 72s sS
Previously reported. ................. 683,44I 43
Total, 1885,. 81 304, lit 81
These shipments, with the payments into the sub
treasury last week, may reduce the banks supply,
but have no idea that the banks will report under
fifteen Millions Some time during the present week
We shall have, probably. our regular semimonthly
remittance from California.
A. H. Nicolay's regular semi-weekly auction OF
stocks and bonds, will take place on Monday next.
at l23 O'Clock, at the Merchants Exchange.
The annexed statement exhibits the financial
OpeT0llOnS OI Tie hcauInB naALoau SomPohy uuiu6
the past three fiscal years, and the condition Of
the company at the close of each year.
puuApxPmA AND READING RAILROAD
Read equipment, real 1893. 1854 1856.
estate, &C.,. ST. la3 COO II, 900 18, 46l 900
construction. -. 1922 900 $4,000 $4,000
T,al coustion cost s7 so6 900 600 10 oO4 900
Preferred stock. 1852 600 1852 900 1852 900
Common stock........ 5,92o,0oo 8,66s,o00 9,47s000
- ---
Tossl............ 7,472,O0o go, 900 IL Gao 600
Bnds............... s,24s,oO s,21a,oOO ea34,Ooo
Mortgages on read es-
t0fe... 4os,1OO bub,OW bO6 900
floating ceSt less as
sets and balance. =. 701 900 $4,000
Excess OF assets Of sur
plus profits ever
Heating debt....... $4,000
-
Total. ........ SIT 9e6 600 IS 4s4 900 10 OO4 900
Gross ieeeipis..:..... 2.CsS,00o 37s2,OOO 4S22oO0
Expenses, including In
terest renewal fund. 1902 900 2347 900 @ 3S1 COO
Net pyc6te......... $786,0O0 4S6, 900 l,otI, 900
Cash diyicepds....... $4,000 100000 $50 600
sur plus fund for
struc,ion, &c, and
agy inst which stock
DIVIDENDS psid
in is52-'54- 56...... sc7s 900 1926 900 1,1O2 coo
Div'ds preferred stock cash s ssu, ? casn.
D,v'ds common stock. 7cs'h iostt s ssssl
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