The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-05
COMMERCE OF THE PORT FOR JANUARY.
SG.4i9.696

reflection The receipts from the customs for January
amounts 10 SO, 41S,47l.
The arrival Of the steamer tends to check opera
tons well in the stock in the money markets. The
ead1g feature of both to-day was dulness Bank officers
repo, rather less active demand for money, but like
wise tendency toward dininuon Of the supply Very
few banks have any loans out under six per cent
and should steamer from Liverpool bring advices of fur
Their political complications, or-what is quite ikey-an
increase in the Bank rate of discount Of the
conservative managers are prepared to adopt still more
active defensive measures. Private capitalists lend at
various rates according 70 their private of the
dency Of the money market; but must be quoted
the general rule for call loans and six the mini
mum for the best short paper.
There was very little business done at the Stock Ex-
change this morning. Since the retirement Of the great
bu the only buyers Of stocks have been the bears who
have within the past day two gathered their profits
with such good will that there be but few IL any,
shorts left Unless speculative movement for
the rise be now inauguraed there is chance that rail
way stocks will fall to their natural level In few days
the dividend on New York Central will be declared This
s likely to be turning point stock movements. Many
PERSONS when money cheap, bought Central to hold
for the DIVIDEND when that is declared they will proba
bly, sell out. Very few will the risk Of other six
months Of peril and anxiety; and, Central generally
gives certain tothe Market is quite likely that the
Of this dividend.
Pacific Mail, which yesterday extrmely active and
mercural quieter to-day and did fuctuate mate
rally from the opening price. Some Of the share
holders appear 10 think that If the whole Of their
property were sold at auction tomorrow they would
be able to give over 800 share 10 the owners; and
that whether Mr.. yanderbts line goes into effect not
the business will still justify the company in paying at
least twenty per cent in dividends this year But is
deniabe that, whether from design accident the
panys officers have not con.rived to win much public
good will either this side the Pacific and occa
sons Ike these, popularity Is Of conseq ience
arrangement could be made for a weekly service to Cali
forna TO be alternately performed by yanderbts boats
and by the Pacific Mall conjunction either with the pre-
sent United States Mail Company other steamboat
owner on the Atlantic, the interests Of the public would
be promoted; and If what we hear Of the amount of
freight waiting transportation at Panama and Aspinwan
be true, there is ample business for two lines
The business in State and government. securities was
moderate this morning. The United States loan sold
az low as 1925 at which rate very few Of successful
bidders can cover Their expenses. None Of the foreign
houses appear to be buying this loan. Mssooris were
rather higher than yesterday though considerably lower
than the price current few days ago. The business IN
bonds and bank stocks very small.
The Western railroad stocks were fairly active a,
prices not materially varying from yesterday
Illinois Central stock has become much more plentiful than
formerly, and can be Sold sellers OPTION within
fraction of the cash price, Michigan Southern
was shade higher very few stocks on the list pressu.
better prospect Of recovering than this Gaena con.
inues depressed below the point at which the dividend
| was declared Rock Island Is pretty steady. Harlem
preferred and common stock both shade higher
this morning New York Central vas Il lover with less
activity than usual
In the afternoon the business done was very light aud
rnostly confined TO Pacific Mail and one or two Of
the Western stocks Many excellent bonds are being
pressed for sale by parties who bought them for rise
and do not 70 carry them any longer at the enhanced
rate Of interest The closing prices today Mssous
81 * Pacific Mail, 77Ka u; Hudson River, SIX 80
Reading, 4sk " Michigan Central, 49zi 30; South
ern guaranteed 49, III Panama, maya x; Illinois Cen
trail e6% u; Gaena, 6s1l co. Rock Island 59< ~
&c The market closed steady.
The business Of the Sub Treasury continues to be large
The figures for 10 day are
For cns.oms ssg, oss 30
- is ................ 1890 90
n III 900 90
nance ''''''''..''........., Zi39sl el
,JA GIG 81
Wounjers.and that Mr. Cobb expects confidently 10 get
through the year without any fresh loan provided Con
ress VIII authorize the reissue Of Treasury notes of
whch all those bearing low of interest are being
ca estimate Of the receipts from duties at this por for
the current month is s4Oooooo Thus farthe receipts
arc IN excess of the proportion required 10 make ND tb
sum at the end Of the month
The exchanges at the Bank Clearing House oday were
sls.s15,67s 10, and the balances s7s3,eos 80.
The following dividends have been declared:Tbe 10.
rllard Fire Insurance Company semi annual dividend Of
eight per ceEt payable on demand the New York Fire
and Marine Insurance Company semannuaI dIyi
dend, payable demand the North western Insurance
Company semi annual dividend Of ten per cent payable
on the 18th inst tho New York and New Haven Railroad
div dend of three per cent payable the 10th inst the
Oriental Bank semi annual dividend Of three and half
per cent, payable on the 10th nst. the City Bank OF
Brooklyn ami annual dividend Of three and half per
cent payable on the 18th inst the United States Trust
company semannuaI dividend Of three and half per
cent payable on the 10th inst the Oswego and Syracuse
l'afoad Company the usual haryeariy dividend OF four
per cent uayablc on thu OOH, Inc,