The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-22
FINANCIAL AND coMMERC GAL.


>>>~~~~~-~~~~~~-~~-o~
FRIDAY, Jan. N-6P.M.
The New York bids for the ten million Of government
hves to be awarded Monday must be authenticated
by deposits made with the Sub Treasury in this city not
later than 4P. tomorrow, unless the bidders should
act through banker in Washington, in which case de-
posits may be made Monday morning We republic n,
for the information of bidders the official advertisement Of
the Treasury Department -
Sealed VII % y
o e s .ss s S Be $
S% ps of e.
days Of January and July each year. '" 'A' A'''
Of ID win S % ssG% Be
per centum q ne amount Deposited I subj The order
states whose ceracate e must accompany The bid
m s and :ns
Ne lS5 ss an s
@hs Ss s @ Tine Ss
paid to The dsposisry Of The Univ 10 his resi-
not sna
phia or New Orleans
st
ss ssra an the %y H. a payA Of e
accepted bids upon certificates Of deposit to The credit S me
stock @ S sss
Of w % ss baer bis
reS by The depo .i,rry the deposit made .,s
ard Srsm h aece Se s on or before
March The preliminary deposit Of one per cent w hid "a
ders HOWELL COBB, Secretary of the Treasury
II will be noticed that the stock is to be awarded WIN
interest from the LIST July or as the brokers say WIN
the July coupon Off the interest from the date of the de-
post to the LIST July being paid by the sub-Irea-
| sury al the place where the deposit was made
view
brokers' and will doubtless interfere with the marketable
character Of the new stock The usual reserve as to the
price offered for the observed among parties who
are likely 10 be competitors but general opinion seems
to indicate lo2 lo3 the probable limits within which
bids will range In the existing state Of the national
finances with prospect of other loans rapidly succeed
ing this one and very unsettled condition Of nationa
affairs in Europe premium of three per cent is perhaps
as much as the most sanguine fnancer could expect
Money continues to increase in value though slowly
that the changes from day to day hardly perceptbe
The brokers sl amply supplied at ~ per cent
and short first class paper endorsed is done at Az 5
per cent Longer paper is taken at various rates, ac
cordng to the belief of the lender reference to the
tendency Of the money market Many parties to
think that after Monday the rates for money will change
very suddenly and decidedly. Exchange on Europe is
| quiet at former rates.
The business the stock market extremely limited
| today and prices lower We seldom remember a
day which the morning sales at the board were as
small they today The whole business transact
ed not than the average business of two good
houses in flush times Neither bears nor bulls moving
with any vgor The latter have theory to the effect
that business revves and men need every dol
lar they scrape together for their legitimate trade,
every will suddenly begin to buy stocks; that at
time when money viii be worth at least par cent 10
the hands Of sensible man, people will give 81 for Gen.
trail which does not pretend to payeven with the aid OF
bonds sold and ali such devces-over per cent II for
Gaena which pays per cent this year; SO for Reading
which pays dividend at all IA for Erie, which docs not
pay its interest," that all the teachings Of the
past two years will be forgotten and that will pour
their new the Old bottles with perfect reckless
ness This theory is accepted by so many sensible per
thai there may be more in it than appears on th
surface; and We therefore commend it to general con
sderation simply remarkng that the fudlment of tn
prophecy respecting the appearance of the public in tn
stock market is singuariy tardy.
| The most active-ndeed the only active stock on tn
list to day-was Reading, which offered at the close
49S-a decline Of one per cent All other securities wer
likewise lower after the second board, and looked yer
much as though further decline was probable. Tb
closing prices of the day were-Mssours s63S }s Ger
trial. SAX 81 Reading, 4e3s u; Michigan Central, So
Ii Southern preferred, 4714 =; Panama, ll5al III
illinois Central, 6s q; Gaena, II Ii Rock Islan(
5es1 u; Pacific Mail, s6k 81. The market close
| heavy.
The following was the business of the Sub Treasury
Total receirts ................... $685. 9l
From Customs ACKNOWLEDGEMENTS. ISL 900
Total pavments ........................ G032
Total balance 4,7S7 99S
The exchanges at the Bank Clearing House today wer
ST. 43l ,699 IS, and the balances 81 $685. 800 3d.
The Home Insurance Company has declared sem
dividend of twenty per cent payable the 24t
instant.
Annexed is the statement of the South Carolina Bank
for the mouth ending December 3d. 1863
| Liabilities. Resources.