New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-19
MoSpAY. Jan. 1S-P. n,

MoSDAY, Jan. lS-P. II.
The stock market was rregulary affected by the
| foreign news-those particular securities which were
quoted in the English circulars a. having advanced
! taking sympathetic steps upward at the First Board
while most Of the regular speculative shares were III
active if lot positively heavy. Thus, Illinois central
/ Bonds and Shares, aud Michigan Central Bonds OF the
| new issue were particularly firm, while New'fork
| Central Reading, Erie, Southern, &C., though gener
| ay quoted at but slight concession, were yet re-
| markaby dull under the circumstances. The Bond
| movement was strong, with considerable sales, Mis-
sours stil taking the lead in point of activity and pop
uaritv and at firm quotations The friends of this Sc
curty talk confidently of 90 the price to be attained
within sixty days Virginia IS were in good demand
| also at 933 an advance Of Z. Michigan Central new
| loan 8 p cents advanced to 80. The movement IN
these bonds has been very successful, notwithstanding
the singular and very discreditabe default OF January
| 1t ard the parties who were fortunate enough TO
take the loan by proposal at 20 can now realize hand
some profits the operation. Illinois Central Bonds
advanced to 49, which is higher than the London quo
tation La Crosse Land Grants went up again to AZ,
partly stimulated doubt by the announcement OF
Coupon payment in February. In shares the market
underwent no important fuctuatOn, except in Illinois
Central, which advanced to 49, but lost ground after
cradle purchases have recently been made for English
account. New-York Central was very steady Read
ing maintained Saturdays closing prices. Erie de-
clined a fraction. La Crosse and Cumberland were
heavy At the Second Board, the feeling
was an improving one, operators having been
slightly walked up by the Bank Statement, which
comes fully up to our antcipations in point OF specie
strength. Bonds were again more active, and Missouri
Gs advanced another step in the scale of quotations,
topc;np 81 in the registered sales Transactions for
the dav in this active security reach aggregate of
sl4I GOO Illinois Central Bonds improved !, but the
stock was dull at morning quotations. La Crosse Land
Grants advanced J. Michigan Southern, Ere and
Toledo were fraction better. The heaviest stocks OF
the day were Rock Island and Ga|ena both showing
decline of from alt T. cent. AT the close OF business
the bidding prices were: For Missouri 6s, o35 Read
ing S. Erie, 2Oa Southern, 2O5; New-fork Central,
49, Sales of Rock Island were reported between the
Boards low CO., but prices aerward rahed' Inc
market has for three business days gone directly
contrary to the money market and the foreign news
not an uncommon occurrence, however, IN Wal-sreet
operations 1t is nevertheless difficult to conceive Of
any movement of importance except on rising Scae'
everything combining to influence purchases both for
investment and speculation The market hats In Its
course but the pause is marked by inactivity rather
than depression.
The market for foreign exchanges is fairly active,
and rates are strong especially for Francs, for which
there is an active inquiry while the supply is mode
rate Leading City drawers ask 1897 ITO, and good
bank signatures are 100 1892 Francs are 5.2O Dig
Freghts are less active, but the rates for rolling
frejoh are hardly so firm To Liverpool 2,O0O bbls.
Flour, at Is. lOd 1000 bush. Grain at I'D In bulk;
IL eco BUSH Grain in bags at 3D.. 100 bbls Pork at
2s Cd; 800 boxes Bacon at LIS. 6d JUS; Az
tuns Lard at Dos. 200 boxes Cheese at rs.
Cd. To London 100 boxes Bacon at 25s.i 200
bbls Pork at 3d. Cd. 800 ties. do at Dos y tun 2OOO
bbls Flour at 2s Sd. TO Rotterdam, 80 uns Mahog-
any, freight measurement at 25s. To Bremen, 30 bbls
Lard at &c. brig of 80 uns out to Porto Rico, for
s. 300 and back with Sugar at 35c., and MolaSses
at s. 20 q HID. schooner of 200 tuus, from Norfolk
| TO Windward Island, with Slaves, at $40.
| The business of the SubTreasury Receipts,
Ill "a Customs SCI 600; Payments, $l39 3iS %;
| Balance, $2,S3S $40 Il.
| The business of the clearinghouse to-day was
slS S9l, S27 which shows somewhat increasing vol
| ume of business.
Some of the new 800 Treasury notes made their
appearance in Wall st ee to-day, and were bought by
| Messrs Trevor Il Colgate at Z cent discount. The
| larger notes will probably be on the market in day
or two.
crease of the unprecedented specie reserve the
age now exceeding thirty millions increase of
twerty-our millions since the day of the supervision of
the banks The amount of specie is over forty
cent of the liabilities of the banks, including circu-
aton which is also secured to considerable extent by
deposits in the Bank Department. 1t is difficult TO
how these Institutions can fail to reduce their usual
dividends while carrying large portion Of their
sets as dead weight. The excess of loans capital
is but about thiuy-four Millions while before the late
crisis the excess Of loans over capital was fifty to
| sixty Millions The line Of loans show still
very moderate expansion, proving the continued
inactivity of general business, while the accumulation
of lille capital still goes here, the deposits showing
further accession of million and three quarters
of dollars much larger proportion of the deposits
than usual are individual tho bank balances being re-
duced by the redempons Of State currency which are
still going on. The deposits show since the suspen-
sion an enlargement Of about twenty-five millions,
while the loans have increased less than five millions.
We presume there a class of banks sustained
on stronger basis than those of New.York at the
| present time.
The following Is comparative statement of the con-
dition Of the Banks of the City of New-York Jan.
Jan. and Jan. l6, 1858:
Loan. $s5isss sss7s4i,7 SO a.. isS Is Inc .ss, ~,
Specie. ...ls SOL $40 976s3s D2l IS Inc asa ia