Evening star. [volume] (Washington, D.C.) 1854-1972, 1856-12-05

ny, Rittenhouse, FAINT & Co., bankers, for to-
day, December 81 says:
Land warrants have declined cent per acre
since our last report. The market may be
quoted steady at the following rates. viz
Warrants. Buying per acre. Selling per acre.
1908 and 60's...... 93.......... %
1908 and 60's... S7........... 81
40's.............$l 10........... 81 12t
Virginia Scrip..... 95t.......... SO
In New York the market is quoted dull at
81 and 70, and dealers say: W arrants come
in very freely at these prices The general
feeling there is that prices will decline a cent
or two.
There are, as 1t appears from the Official re-
ports of the proper department some Is or l6
millions of acres, floating in the market, held
by persons hoping that the lands that have
been withdrawn by railroad grants will soon
be restored to market, and thus increase the
demand, and greatly enhance the value Of
warrants. This hope, however, has been dis
PEELED by the report of the Secretary of the In
terror of the 29th ult, who says: " The grants
made by Congress at its last session for rail-
road purposes have had the effect of with
drawing from market q large body of the
public lands, which, notwithstanding every
sxertion that can be made, cannot be restored
in less than nine months, and perhaps not
then, as it depends upon tho action Of the
States to which the grants were made"
1t is not now expected by those having
charge of the surveys that the lands in Kan
sas and Nebraska will be subject to private
entry before next summer, and perhaps net
then, rs it appears to be the policy of the
Government now to offer public lands for pri-
vate entry where they are taken up by actual
settlers tits, therefore, we think, very doubt
full whether prices will improve before next
fall
Stocks remain unchanged, and may he
quoted more active. Washington Corporation
l03; Georgetown do. 99a99; Alexandria do
933ay4; Bank of Metropolis 105a106; Bank of
Washington 75sS0; Patriotic Bank, dull, Boa
80; Bank Of Commerce. Georgetown, none for
sale; Farmers and Mechanics do. 75a76;
Orange and Alexandria Railroad, dull, 73a7i;
Virginia and Tennessee do. 74a76.
In New York, the stock market is bouyant
and firm, under the favorable foreign by
the steamer VigO.
Consols have advanced one per cent. A large
arrival of gold from Australia, seven. an3-a-
half millions Of dollars, an increase In tho bank
stock of bullion and an absence of large ex-
ports of specie to the continent, have been
great blow to stock spectators for fall, who
have based their transactions on the suppose
ton that the European money difficulties
would increase They seem to forget that
Australia and California gold products will
eueStuaiIy Ieu1es5 tue uouey ulucuitieS u
the world
The improvement in Cur local money mar
ket, noticed in our last report, continues.
Bankers still continue TO act with caution. but
are discounting all local paper offered tor
their regular depositors.
Court Of Claims - Yesterday, Mr.. Law.
rence closed his argument in the case Of David
Myerle; when the case was submitted
Mr.. Rockwell opened the argument in the
case of the Illinois Central Railroad, in behalf
Of the claimants, and was replied 20 by Mr..
Blair, in behalf of the government, till the
court adjourned to Monday.
Supreme Court Yesterday, the cause of
Romelius L. Baker ct al, appellant. u.s. Joshua
Nachtrieb, mo ID was argued by Mr. STAN
bory for the appellants and continued by Mr.
Edwin n. Stanton for the appellee, until they
adjourned.
The Current Operations Of the Treasury
Departmsnt.-On yesterday, 4th December,
there were Of Treasury warrants entered on
the books of the Department
For the redemption of Stocks.... S25 26S IA
For the Treasury Department. ii $40 SO
For the Interior Departmental. 1907 45
War warrants received and en-
tered. ..............,... 1928 90
On account of the Navy......... l0l,7 73 OF
Repayment on account Of the
Navy. Ia 70
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