The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-13
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, Dec I2-s T. NJ
The from Europe per Europa, which was published
in this morning HERAID impaired ohoerfulness -
markets to-day. There more inquiry for paper
and stocks and several descriptions Of merchandise were
higher. 2he English have NOT yet got the worst news
from this side. The Persia (which called four days
after the Atlantic took the lowest quotations for
ling bills and the first q the dead lock In exchange.
Many therefore, look for by the next steam
from England. Still, the worst the British
concerned is the drain q specie 20 this side, and that
already realized London before the Europa sailed
The advance in cotton based upon the probability Of
rcducion in the supply, growing out Of
the revolutionary movements at the South. This
influence will now have 70 contend with a
tightening money market and general reduction in
orders for dry goods The stock II American cotton In
Liverpool " about half million bales.
The stock market advanced this morning and for time
quite buoyant The agents q British houses herc
assert that instead Of selling their stocks the English
win take advantage Of panic 10 buy more. Hais
stimulates Spectators buy New York Central, Erie,
Illinois Central and other stocks which held abroad
and at inc to-day all theee stocks considerably
higher. How the English will feel with regard 60 state
and United states stocks their friends do not
If the right Of be admitted part ~ tn
fundamental law o. The land the value Of United Statcs
stocks becomes very problcmaica indeed bctg liable
and destruction q the confcderacy which alone bolnl
10 ray the iner and principal stocks may occupy
different Position II the Union be preserved thcy will
Of course be goud they wore II Il be- dissolved,
he states Will need 10 keep thcr credit in order 70
borrow money. At he first board to-day all ihespccu
latye railway stocks and state stocks vanced After
the beard there small but general decline; - the
afternoon the market generally lower than ir the
morning. state stocks however were wei maintained
Erie and Pacific Mari beth higher m market
closed weak the foIlpNng being the quotations,--
United states Is 1874 80 III Virginia 81 II q -.
Missouri 6's 90 y; Tenressecs 70A ii. Canton 49,
a II; Cumberland coa rasferrcd'sA 10 Pacific Mail
TSa7pR New York Central, 49, q; Fri, 2e1s q 4
Hudson River 70 40; Harlem. 49, a. Harlem pre-.
fcrred a2is a. Reading, 23a *; Michigan Central,
aTa x, Michigan Southern and Northern Indiana lex
las. Michigan southern ash NorihcrR Indma4 guar.
antecd, % 4 Panama, III lI2 ulinc,s Central 57Is
IS oalcIa and Chicago oil 4 Cleveland AMI Toledo
23a % Chicago and Rock Island, a. !, Chic 70,
Burlington a0d quincy, "a a o.
The businca q the sub Treasury a. follows 10.
day
Rec ssolso 20
fsf customs ............ - 600 %
Total pay ncnts. II 4e7 ~
Balance 20
ny reference q orr sdvers ug columns vii Be seen
that The chic loan !. Withdrawn from the market ID,
stte debt abou, q payable M pleasure d
the state after The Sist day q December 1880" tn
state Legislature win meet tn lrst Monday Ia January
and vii take y pay tho debt IN tn
meantime the state viii, Of course continue 70 pay n
interest rs heretofore
The exchanges at the Bank Clearing House This morn
ing els $50 ESQ a. snd the balances $3.50 65s
The annual election fog directors ~ the New YORK Cen
trial Railroad hcld to-day az Albany Henry a. Mar
tin q Albany Richard N. Batchford q New York AMI
Hamilton White, tg Syracuse elected - place y
John L. Schoolcraf, Isaac Townsend and Horace White
All deceased The annual report shows The earnings and
receipts Of the road Tor he pat year to 40 as7 al
and the net earnings % be Al 81 sol being nearly o.
pr cent The Of the capital stock Of the
pany. The old officers reelected folowss-Eras.
tas corning, President Dssn Richmond Vice President.
The brooklyn Fire Insurance Company has declared
e annual dividend ol ten per cent payable At IL ofce
ths city tn - of January lhe rosioa and worces
~ Rarcad adiyd,nd n faur pcr cont payable thc
~ Jauuary Tie Interest the hrd mortgage bonds
~ tho New York md $50 Railroad ComIaay, WI q be
came due On tn ~ ~ q speaber 1857 VIII be raa