The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-19
FINANCIAL AND CONNER GAL

| TUESDAY, Jan 1876 ?. NJ
The rate of exchange on England is unchanged Bank
asking 1o9% z for sterling bills but very good
mercantile bills in market at 1cs1 1921. There is
very little doing Francs quoted at 5.l5a 5.1SA, with
fair supply of Southern bills. The estimate specie for
! to-morrow's steamer continues the same.
Nothing further has ranspired IN reference to the mis-
understanding between the Erie other parties to
the Railroad Conventivn Of last fall All four railroads
to be represented meeting held at Baltimore
on the Goth, ard doubt very energetic efforts viii be
made by the New York Central whose safety depends on
the preservation of the compact to mend the matter Mr.
Moran will probably insist on the raising Of way fares
freight upon the Baltimore and Ohio, that, where
freight between such points Baltimore and Cncin
na carried partly by water and partly by railroad it
hal be charged as much if il had been conveyed all
the way from New York to Cincinnati by railroad. So
long the Baltimore and Ohio ransm merchandise
to Cincinnati by way Of Wheeling, shipping it there
STEAMBOATS, or other vessels at lower rate than the Erie
can send the goods to Cincinnati it's road
and It's connections the compact evidently injurious
the Erie We apprehend that those who consider the dis
pute matter of minor consequence may presently find
| themselves mistaken. 1t this very point which
| found The most dl1icuIt selte september and
which the Convention nearly split Indeed treaty
could then have been concluded had the Erie Central
and Pennsy agreed yield TO the Baltimore Com
.
believe, discretion to treat the queson If
rightly informed they directed to return home
r the rival roads insisted interfering with their way
fares. Nor is it matter Of wonder that Baltimore people
should attach importance TO this question. For, the
at present stands the cheapest route for goods and
merchandise from the seaboafd 10 Cincinnati hy way OF
Baltimore the Baltimore aud Ohio Railroad and the Ohio
river Since this has been established sactthat is to
aay the adoption Of the railroad agreement of Octo
Der Isst-a very large amount of business aud merchan
disc has diverted from New York to Baltimore THIS
spring, If the present arrangement lasts, still larger
proportion of the goods and merchandise which would
under ordinary crcums ances have gone the West by
way Of New York, will go by Baltimore. The railroad
treaty, in fact the present tme is not only mil
tatpg against the interests Of the New York roads,
but is building up Baltimore at the expense of
this port, These brief explanations will enable the
reader to decide whether is limited, Mr.. Moran has
acted in this matter trivial grounds also what pros
there exists that the question will be readily settled
by the Convention to meet tomorrow week. In Septem
Der last, believe the Baltimore and Ohio committee
conceded with their the opinion that
for their interest to continue the contest rather than make
| any concessions.
At the opening to day at the Stock Exchange bold and
systematic efforts made by the bull party TO bid
the market They aided by Of the bears, who,
1
their contracts. But the CALL prices showed
renewed tendency decline, and this in spite Of
| very vigorous resistance the part Of leading
| operators In the afternoon prices we're gene
rally unchanged, and there very little activity.
| Good State stocks and other reliable dividend
| paying securities were, however, rather better to-day.
Mssours advanced u and yrginas and Tennessees were
firm. Among the speculative securities the most active
we're New York Central, which opened at advance Of
"a per cent declined the close of the session. Read
ing, which, after opening yesterdays closing price, gra
duay declined u q and Rock Island, which opened at
decline and remained stationary throughout the board
tfsc was about 4 higher. Other stocks unchanged. 10
the afternoon the were very email and with
out change IN the rates. The osng prices were-Ms
| eours, s6S III Central, SAN n SIS; Hudson, 34A y
Reading, 5iH a; Michigan Central, 52E q; Southern
| guaranteed, AK as; Panama. 1lGH u; Illinois Cen
trial, es% es,4 Galena, M q Rock Island, 60 q
| The market closed steady
The following Is iodays business Of the Office Of ths
! | Assistant Treasurer
Stzof43 VI
pa,aree aso e9I g. g.
Q The receipts include Sis, 600 for customs,
The exchanges the Bank Tearing House this morning
800 O2i 4e3 Is, ara the balances 81 1888 100 49,
Tie Bank Of Mobile has declared a semi annual dividend
CT FIVE cent, payable the stockholders registered ii
. | this CITY On demand, at Tie Mcrchants' Bank
. The following " comparative statement, Of the Phia
. doiphia Banls,--
. dan; ~: jan. 10
J. Iaans .......... 26at5Ss5 2G3asS6O pee. 81, Al
spece...s...;;.. Gc5e 5l$ e,o67 ,222 Dec. 1917
s o GsSe 5a sds f ss ISs. S $3.50
e Deposits ........ 1895 sOs i7I8sSo7 inc 1856 80
d Cfcuatof'..,... 2sSoSs4 2,o64,39s Dec.... 24,ol
The following is comparative statement Of the export
IA