The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-11
FINANCIAL AND COMMERCIAL
FRIDAY, Feb. l0-6 P. N.


with 81 ,4s0, 620 in specie. The money market at
San Francisco was easier. Gold was coming for
ward freely and the interior country vas paying
its debts. ,.. 81.
Money is without change 6 per cent on call,
and ga for first class business paper, without
any active inquiry at these rates. The market
wears The same sluggish appearance which 1t has
worn for some time past
Foreign exchange for the City Of Baltimore 70
morrow is quite dull. Bankers asking rates are
1855 for sterling and 5.l8 for francs bur we hear
Of but little real business done at these figures
Some francs have been sold ut $40, and some good
mercantile bills on London were placed to-day At
1851. The importers are holding back with their
remianees, contrary to the general expectation
among bankers.
Stocks remain inactive. without much change Of
price. Some descriptions we're rather higher,
while others receded fraction. New York Cen
hal was wanted at 7l-an advance Of from the
price yesterday afternoon; the stock closed at that
bid. The accounts from Albany indicate that pub
lie sentiment is being aroused to the danger in
volved in the railroad bills, and that they will not
probably become law,. Nothing, however, can be
stated decidedly ON the question; the politicians
are quite likely to spring the subject on the House
when least expected, and to hurry it through. The
Western shares, with the exception Of Rock Island
which remains steady, we're fraction of this
morning. Michigan Southern declined a 4, on
the strength Of the circular announcing the
new default; Galens was hammered down
I by the bears. The demand for State
stocks continues active, and prices are
well sustained. The market for thes, securities
hot fhot fhare 10 a Nd deal nj pokp
investment at this point and that whenever the
tide sets in favor of railroad property we shall wit
ness marked Improvement in that class Of stocks.
Stocks are recovering more slowly than was ex-
pected by any one in Wall street; but the ulI.
mate result, though delayed is none the less GER
tam. In the afternoon to-day the market was
rather quiet but stocks closed quite steady at the
following quotations. Virginia 6's, 92A a !; Ms
souri, SIS, 500 q 81; Canton, l6I Ia; Cumberland
Coal preferred, l6a Is; Pacific Mail, so 1; New
York Central, II a !; Erie, 81 o 9; Hudson River,
40 q /; Harlem, q 4; Harlem preferred, 334 "a;
Reading ISL 80; Michigan Central, 81 1; Nchi.
gan Southern and Northern Indiana, 81 y 6; do.
guaranteed, 14A u; Panama, 1919 1872; Illinois
Central, 56i al; Gslena and Chicago, 673 . Z;
Cleveland and Toledo, l9t a 1; Chicago and Rock
Island, 63f /.
Last weeks import entry Of dry goods, though
less than that of the corresponding week Of last
year. was still very heavy. The figures are Saba
600, against g. ll4 600 same week Of 1859, and ST.
439 600 same week Of 1883. The total import entry
since Jam i. within $50 600 Of that Of the same pc
Rod Of Last year$l7 900, against ST. 700 100;
but it must be remembered that, in the first place.
the country year ago was very bare of goods and
could not do without them, whereas now the coun
try is fully supplied and secondly, that last spring
we had largo surplus Of gold which could be
spared, whereas now the bank reserve is quite low
enough. If the dry goods importers continue 10
buy foreign goods 1t the present rate, nothing
prevent some trouble this fall, and the importers
themselves will necessarily suffer severely.
The exchanges at the Bank Clearing House this
morning were tls,s29,sl4 "a, and the balances
$97l ,628 A.
The Pennsylvania Coal Company has declared a
dividend Of three and half per cent, payable ON
the 10th inst, The transfer books will be closed
from the 18th 70 the 10th, both inclusive.
The February earnings OF the Michigan Southern
road for the first week show . gain of $2I 900.
The Chicago Press of Wednesday gives the fol-
lowing statement of the movement Of produce Ut
that point