The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-13
FINANCIAL. AND CONNER GAL:


Further c6or!s were made this morning by members OF
the bull rry TO realize their stocks The consequence
was genera decline in prices, which the leading opera
tor on the bull side vany attempesd resist 10 now
becoming manifest, even among those who few days
ago were the most confident Of period Of speculation in
the month of January, that tho public taking no in
erest in the movements OF rsiway stccs and that the
chances are that soon money becomes more active,
which will be the next spring. the stocks OF railroads
which are doing bad business win fall very low
indeed. The day has passed when the public could
be cooled into buying railroad securities on the strength
of future prospects. Too much money has been
lost in this class of property; too many swindlcs
have practced' too many deceptive reports made
ard exposed. Experience justihes the confident
on that the public need not be expected TO reappear
in this market as buyer OF railway property until bust
revves snd railroad receipts begin TO approximate
to those OF 1856 and the early months Of 1857
At the first board to-day the business in State stocks
was at q small decline in prices The active of the
railroad bonds Illinois Central, which offered,
sellers option at decline Of "a per cent from yester
days selling price. The Western railway shares
lower; Galena declined u q, Illinois per cent, Rock
Island "a. The Michigan roads were very quiet and ne
elected prices somewhat below those yesterday
New York Central freely offered the opening
cesson of u per from yesterdays closing price, ana
taken in small lots to outstanding contracts 1t
was shade better at the close Reading likewise fell OIL
portion though the news from Philadelphia is to the eff
feet that the operators there not discouraged either
by the decline Of business by the increase of capital
La Crosse stock which sold yesterday l. rose to Ia
this morning; the bonds Qand grants were per cent
lower. There is nothing to add to the statement we made
Monday in reference to this road Silly stories are cur
rent in some of the papers on the subject OF new frauds
Tie fact is that the has gone to pieces, and 1t re-
mains to be whether it can be reconstructed The
managers probably engrosGed with this question AT
the second board moderate business done. There
were no changes of moment, if We except further
decline in Pacific Mail and in Harlem. The clos
ing prices thus reported by Groesbeck &
Hoyt:-Mssouris, ses 81; Central, s5a4 Il Reading
5314 q; Michigan Central, 5zs z; Southern guaran
teed, 4s14 "a Panama. lit ri Illinois Central, 7o1S
y; Galena, 7lS Il; Rock Island 500 ss Pacific Mall
91H q a. The market closed heavy.
The following is to- days business at the Office Of the
Assistant Treasurer
Receipts $l95 5l5 O6
paymen's oSS9a o.
nSiahce.... .'''7,itooff o.
The receipts include sl94 geo for customs.
The exchanges at the Bank Clearing House this morning
$40 S4S 63s 49, and the balances 81 053 957 G1
Messrs W. T. Coleman Co., in their San Francisco
circular received this morning. thus epeak Of the money
marketed that city
Since last mail the weather generally has been favor
INNING OperatOnS 8lLn0uSn t0erc nave Ueen
few quite cold days, the country has been visited by
abundant ains sufficient we should Judge, to enable the
working of all claims depending upon supply of water
The parties engaged 10 fumng during the past
have not been very successful the first rans in most in
stances having put stop work before any great
suits realized Attention has been directed to
the methods usually followed during the wet season. but
operations have been retarded until the present time By
the lack Of water and the yield of dust for weeks
back has been limited The spare time has been employ
cd by the miners IN throwing the Dirt ready TO be
washed az soon as the opportunity oered and We learn
Of all parties being actively engaged Money, for the
this city 10 some extent and causing better demand for
funds for tho preceding well az for this steamer But
capital has been promptly afforded, and the rather
numerous borrowers ind no difficulty in getting accommo
datiops All calls Tor loans upon collateral prime pa
per are readily met at one and half per cent per month";
with than the necessary supply seeking Investment
The receipts OF gold dust continue very light the fol
lowing operations of the United States Branch Mint this
| city from December TO Is Indicate
Deposits, II ,203 rs Coinage. $500
The exports Of treasure to date 1885, compare with the
| year 1857 as follows
To Tee II, 1857 SAG 500 9S3
To same date, 1858 -.......... 1888 94s
Deficit against this year ................ s913 cas-
The value and destination OF exports other than
| sure during the month have been as follows
| Dec ITO Honolulu ACKNOWLEDGEMENTS go 20
Dec 2-To Victoria d. C. ..............11,12 40 OF
Dec ITO Victoria (B O. ............... 7,4s6 %
Dec 6-To Panama .......................S ,s35 %
Dec $40 Guaymas ............... $3.50 90
Dec lo-ro Victoria d. CO ............... 6,946 so
Dec 11--To Shanghae ................. 1000 10
Dec Ito Victoria, C. 1863 90
Dec l5--Io Tamil. 9oo 90
Dec Ito Melbourne. ...-.............i IL ,663 Is
Total since Dec. slG,ii2 IL
The following dividends have been declared:-The Peo-
PIES Fire Insurance Company, semi annua dividend Of
navable on ,amand. New World Fire In