The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-10

probable they would lind themselves engaged in q com
fear Of the ultimate result an facilities o. trans
top BY the Grand Trunk Railway from the Upper Lakes
to the ocean to al Other routes imneasarsey sa
peror, ana corld not be questioned. working agree
ent had been acc with TIC Great Western OF Canada
Railway Company, with view u prevent the battle
with British capital After aluding to compstitou ~ih
lake and river craft Mr. Pennington the goods
sssS 1 a. nrssn the .s o. ns
miles, from the AtaDtc 10 the Mississippi, with bit
transshipm.nt, and with saving all other routes
The great carrying route between the Western and the
New England States and Earope.
Money brokers report no change in the market
The supply on call at six per cent is fully equal to
the necessities OF the street; and at the discount
houses, in like manner, there is just enough paper
offering tokeep rates where they have been for the
past week. The impression prevailed today
that the Post Office bill would pass at once, aud
that the disbursements in redemption of the GER
tiScates would begin next week. II is doubtful,
however, whether this will make any change in
the market ss-a-n
There was not much done in foreign exchange
today. The bankers ask 1851 100; but we hear
Of few transactions over 1854, the market showing
signs Of weakness. Francs range from 5lsi to
5.2li, a fair business being done at so. The inn
porters are not RENTING as freely as was expect
ed. This time last year exchange was per cent
higher.
There was better demand for stocks Of all kinds
to-day. Commission brokers report an increase of
orders for State stocks and avorite railroad bonds
though speculative purchases by outsiders continue
limited. New York Central ran up from 70s to 70s
between the boards, closing 7O2 bid, against 7os at
the close yesterday The Western stocks were all
wanted at a small advance: Galena at SO, Rock
Island at Go, Michigan Central a. 81, and Michigan
Southern at l5a. an advance of 8 per cent in ~
many days. There is no cause assigned for the
movement in this Stock the true secret Is probably
that the previous depression was excessive.
Panama advanced to 1924 cash. The market
generally, though dull, only seems to want some
impetus to become very active and excited. Many
operators look for busy time and much higher
prices in The course Of the next sixty days In the
afternoon, stocks were moderately active, and
closed steady at the following quotations: Virginia
SIS, a2a h Missouri SIS, 500 81; Canton, lsA Z;
Cumberland Coal preferred, l54 L.; Pacific Mail,
792 so; New York Central, 7Oi I; Erie 81 o. bud
son River, 10 /; Harlem, 4; Harlem preferred,
! "a l. Reading 3sI a 80; Michigan Central, 81 /;
Michigan Southern and Northern Indiana, 81 Z;
DO guaranteed, l5a a Z; Panama, 1872 a 1; Illinois
| Central, Sc 4; Galena and Chicago, 57i q SO;
Cleveland and Toledo, 1917 /; Chicago and Rock
Island, 62s az.
The following was the business of the sub-Trea
sury to-day
reCelps. Sill II
Tor customs ACKNOWLEDGEMENTS. $4,000 %
Total pay nents. 1928 az
Bsance .....................926g DO Is
The exchanges at the Bank Clearing House this
n,orn,-q were s22,7i2,l70 IS, and the balances
81 ,2s3,6 63 10
The following din blends have been declarsd:-
The New York Fire au,!! Marine Insurance Com
pany a semisnual dividend.ef ten per cent, pay
able on demand; the Niagara Fire Insurance Com
pany semi annual dividend of ten per cent, pay
able on demand: the Citizens Bank semi annual
dividend of four per cent. payap's on the 18Th inss
the Rome and watertown Railroad dividend of
ten per cent, payable in the sinking fund bonds Of
the company. para "a
The earnings Of the Illinois Central for the first
week OF February are:--
1852. 8s2
lSbV,,.s. -
Increase ....................... s,2 ass
The Grand Trunk road earned fox the week end
ing Jan. 2s:
leoS 81
le6V 81 20
Increase. 1895 ID
The Chicago, Burlington and Quincy road earned
in january
1852 .................. ss3o 4i Of
le61.. 10450l 10
Increase. 100 "
The revenue OF the Baltimore and Ohio Railroad
for January vas as follows