The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-25
AND CONNER IAL

FRIDAY, Dec. 2f-6P.M
TIC by the Pacific transmitted BY telegraph from
newfoundland il regarded favorable. The reduction
Ii c bank OF interest," for which the press and he
spectators Of london have long contendei and which
tho bank itself has strenuous and oostnatey resist
ell may possibly, after the holidays, give revival
OF he speculative spirit which died out some sixty days
ogo. Much important 70 us, however, hlr reluc
Of half per the current of interest
England iscluc IN cotton and hreadstuas The latter
already % seriously depressed they foil
much further indeed the interest which the producer
had N them has IN most cases, long snce disappeared
But the Of continued decline 10 cotton c0lncidng
IN point with adyces O. Tie and unpa
aeed crop thlsS year at the South, is intelligence Of
grave moment 70 the country At largo. decline Of
cent per pound III cotton might suffice 1859 turn the
trade against ths United States and there
indications that VIII fa much further yet. The
funds quoted at 9s3s 2. * diva high dgure
Among American stocks have quotation Of Illinois
Central st n, which shows that the panic which lately
prevailed here has not yet extended TO the oher side
tn. appi zach OF tho holidays and the OF
Christmas Day Saturday led a good inquiry for
stocks To- delivery this morning, ami prices on the whole
rather better. We find any traces however,
those outside purchases which quarters
SAID 10 he taking place The commission brokers uni
foTmly complain OF business they say that
there never three months during which tho
Elisson houses made 70 little money they have done in
October November aud December, ls5s. As 20 the rise
in January, which has been 10 loudly prophesed, AMI
which 50 many jotbers rely u get rid OF their
stocks, seems possible that turn in the
money market may interfere somewhat with this
Undrr six or eight pr cent money market the obbcrs
would ind less easy sn they do TO buy thousands Of
shares OF stock and carry them week for "a per cent
PROFIT many persons have fata in the duration OF
the present state Of ease.
The demand for state stocks and bonds this morning
fair, ard prices fuly maintained The govern.
hvcs sold again al l0 - at which rate very few Of
the original purchasers Of the loan make anything
and which likely 70 be higher than the price Of the new
ten millions. There was no change in hssogris,
North Caroinas yrgnias. Illinois railroad bonds
were rather better; they touched s51. The inquiry
for Ia Crosse land grants continues 10 be fair. Among the
speculative stocks Rock Island and Gaena again took
the lead; both closed higher than Thursday. Michigan
Central continues 10 appreciate and there is At last
some movement IN Michigan Southern. A paragraph in
Toledo paper the directors Of this u
hay pg paid their employees for three months; should
hoYe this co. aud that the local Journal mis-
Informed. The rnuor x damaging and worth
roctou. ILLINOIS, Central steady. In New York
Central ani Rcadlng-vh.ch continue 10 he neglected
by the ,obbcrs for moro nercuTia s.ocSs-;hoEc Wa
no movement Of consequence. Panama rose tribe.
\ morning rsper appeals to tie American pubic
buy % the stock of this company at 80, order 10
prevent tie English getting Il. W. fear TIA. there IL
hardly .noa.h patriotism extant for the OPERATION "a
chc MAJ remains steady a; oots Tho market closed
quite steady without material change in prices. There
VS. no second board, the stock Exchange having al
journsa over 70 Monday.