New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-20
COMMERCIAL MATTERS


rendered outside of tie Stock Exchange, AM the he'll
tson Of TIE few bulls remaining put out contracts Tor
the decline with inc essed confidence, and Tor ths time
ssem to have their way. It's curious iac', thA1
while beyond the atmosphere of Wall and william
streets feeling Of obeeTfunsss and encouragement "
gradually gsiprg the ssc ndsrcy, there is no' tae
shadow Of hopefulress among gres majority Oh 'ue
stock operators of the Board. II money is ABUNDANT
snd cheap snd business dun, the Argument a. sganst
railways is that tue socks must fall because tSey
csnnot earn dividends. while if business REEVES
ard esuipys iuc,eaA. the reasoning shifts
ground ard il ia quite strongly insisted upon toat
the more active demand for money will cause decline
even If the roads more prosperous Such II Tue
logic o. those who can nothing but gloom and de-
precision under any circumstances 1t Is "oniertnL
however to witness the CELEBRITY with which stock ope'
ra;ors change their opinions, add in due time we may
expect to CREST among tbs speculators
following revival of business e. naturally as they arc
the sequence of any revival" Operators for the
decline have been favored 10 remarkable degree oy
business stsgnstion scarcely parsleed IN TIE COM
mercs history of tae country ana this which has re-
duced the traffic Of railways, especially at the
West to points simitting Of but mes. err profits mss
move than anything else checked investment aud
speculation OIce change the tide OF business
fIom ore of poverty and decline to one OF
increase and prosperity, and then must come re-
covely in market values, which neither short Gales nor
Ease logic can successfully oppose. Mean.ms, un1l
this question is settled prices must iuc.uate according
TO the caprcss Ct speculation, The transactions IN
New-YoIk Central were quite limited at tue mornings
Board, and quotations were down to 81. on the its'
call. Erie declined in opening sales, but was slightly
frmer atcrward cosrg NJ l3i steady, bat not sctve
Cumberland sold at -, on time. Harlem Preferred
was in good demand, and al, anced to 39t, closing
strong at the quotation Reading wss heavy at % in
cloeng TRANSACTIONS though slightly better ia the eary
part OF the call. Second avenue cold at 1884, which
was bid at the close. The Western shares, though
generally lover we're sustained by more active
demand, ard seller contracts we're taken with
more confidence than in the Eastern shares
Michigan Central sod at 52l and was stesiy during
the day. Galens opened at Z J. and was friction
better in closing saes though down ssan to 'Os at
the Seccrd Board. Reports in regard 70 the divided
are cortradictory-s letters asserting positively
positively that from to 3 cent viii be declared,
while others are equally confident that the dividend
will be passed. The afternoon sales were reported to
be upon Chicago dispatch to the effect that no dlyl-
dend would be paid; but we doubt If sry positive de-
ci.ion on the part of the Board has been announced
The regular Gales Of Rock bland st 90, bat the
stock was offered freely at the quotation and closed
dull. H. the afternoon, prices were generally from
I to l T. cent lover for most OF the pr1rnl-
uent stockg. Reading declined TO 5O9, and Pa
cifc Mail sold down to sS1-the cash stock
of this last coming freely at the decline. Galens
ard Rock Island were both down /, aud New-York
Central was heavy at 81. The closing prices were
For New.York Central S4s9siIi Ere. l3i 9l3Ii
Harlem. I3l 3I; Preferred, 39l 1895; HUDSON River
81 a3ii; Reading 5OI 050.; Michigan Central, -
a52l; Michigan Southern, 20i 020'; Preferred, Al
a II. Illinois Central, 6S d6Sl; Panama, ll6t 0ll6i
Gaena 70s area; Rock Island, j9l 59i; Toledo, 3ll
a32; Pacific Mail, ssaaSs1; Cumberland, 22q22i
Missouri &c, S6I s6.; yirginiss, 96i a96i, &c.
There is nothing doing in foreign bills and the mar
ket is uomipa'ly a. before.
Freishts-To Liverpool, 300 bbls. Resin at 2s. 3D.;
500 bbs do at % 3d.. 400 bbls. Rosin, per British
vessel at -. 3D.; 60 bales Wool Flocks at lbs. 6i,
me ssurement; 500 boxes Cheese at 25s To London,
80 tuns goods at 20s. brig Of 300 tuns,
ont to Cuba az 81 200. vessel of 200 uns, to Porto
Rico ard back for 45c for Sugar and ~ for Molasses
vessel to port 10 tie Mediterranean with light pipe
s.sves at s3l-5 y cent prmage.
The business of the Sub Treasury was: Receipts,
sl22 636 67-for Customs. $22, 600 Payments, s9S,.
s95 So Balance, =, GIG, 6s3 06.
The receipts Tor duties were light today but the
Washington brings large cargo which will increase
the duties for a few days
The Brooklyn City Railroad Company has declared
d dividend of v cent, payable on demand TIE
Brooklyn Bank has declared semi-ann1sl dividend
of y cent, payable on the lst OF February. The
Beekmsn Insurance Company semi-snnua divi-
cend Of T. cent, payable February /. The
business of the Clearing ouset od,y was s!l sl3,i 49,
which is large. Messr. Moran Brothers advertise
some missing BOMBS, two Of the City Of Milwaukee,
three Of Gaens and Chicago, and four Of New-fork
and Erie cert sinking furd. The ship
meht Of gold by the steamship Africa, was
$4,000. In the money market, there is some dirpo-
position shown to take advantage Of the impending
losn to Government TO 6sk higher rates, but the de-
mend Is in only exceptional instances yielded to-
Some Of the bank managers less disposed to lend
freely, but the supply Of private capital superabun
dsn There is considerable conversation in regard TO
the lev Ioan. There viii be large number OF bids,
bur, is generally conceded at lower figures by or
= cent than for the previous Issue. Letters from
Europe 30 not speak encoursgDgy of any market for
1t there.
We reprint the Secretary Of the Trea'urys advertise
Ineni tor the benefit of our readers:
Treasury DEPARrNESr Dec. II, 1883.
s.zd proposals received this Department untA Y
o'coct noon Of Monday the 9th Of January neH for ten
millions United be s.usd ander the act
II lth q Jun. Said stock will be reburssbe in tween
yesrs re the u January and bear rterest At
cent pr ttnum Psate ,eun snnrAy on the m Gays Oh Jan
usry and July Of each year.
No I'D vi be received below par ard 0r traction
q <lo No bid will be- confdsred unless y cent Of ne
amount cspos.s5 subject 20 the order Of tie ss-'ty o. e
IresuEy vita depository q tn Uiied States whose cerh
cate Ct tie paBy the bid In al the h mast
be unooDdcns and without reference 20 bts Of ethe and
m at state The premium ntersd therein. -
The sead pFopo should be n6orsed the outside OF me