The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-16

WEDNESDAY, Feb. lb-6.P. n.

WEDNESDAY,, Feb. lisp. N.
The news from Europe in this mornings HERALD
operated unfavorably on the stock and money mar.
kets to-day many people seeming 10 expect that
the panic which appears 10 have begun in London,
in consequence Of the drain OF silver to India, would
by and by affect our markets. The condition of po.
htical affairs was also regarded az fruitful of anxi
ETY. it was noticed that the French funds had
fallen one per cent the sdvices Of an actual col
iision between the Pope and the Emperor. 1t is not
easy TO see how this country be Affected by any
complication which may grow out OF this matter.
= Money was inactive to-day holders seemed dis
posed to wait a few days to see what turn affairs
may, take. We hear Of no business done
above or below recent rates, nor can there
well be rise in money in view Of the early passage
Of the Post Office Appropriation bin. Our market
Il much more independent Of that Of London than
1t used 70 be. Until trade becomes much more &C.
tive than tits now and enterprises create de.
mand for money, which does not exist At present,
the fluctuations in money in London cannot cause
any corresponding move here.
Foreign exchange was sitter at the closing Of
the mail Most Of the leading bankers asked 100
for sterling GO day bills, and there was some bns
ness done at this rate. The demand at 1889, after
the receipt Of the Bohemians news, was quite &C
i've. Francs are quoted at 517t lsl. The ship
ment Of $685. 900 by the steamer Of to-day was
chiefly in bars sent here in transitu for Europe or
the total amount, $4,000 was in silver.
Applications, in behalf of the Corporation OF the
City of New York, are now pending before the
State Legislature for authority to issue the follow
ing stocks, viz -
Central Park Improvement Fund Stock 26oo,0O0
Croton Water Stock Observation-Disclosures. 100000
Total. SO 5oO, 900
The feature of the Stock Exchange to day
was an advance in Pacific Mail stock from
SO at the close yesterday to SO at the close
this afternoon. 1t appears that the directors
Of the Pacific Mail Company contemplate agree
ing to one Of the three proposed schemes of
arrangement laid before them some time since by
Commodore Vanderbilt; whether the scheme con
templates the purchase Of vanderbilts boats we
are not yet informed. Other stocks were lower in
the morning. but better in the afternoon. The rising
Of the committee in the Legislature without coming
to vote on the Pro Rata Freight bill was regarded
a. favorable to the defeat OF the measures the stock
advanced from 70{ a bid at the close. In other
stocks there was not much change. Galena is very
severely hammered by the bears, who are san.
guine of seeing still lower prices. State stocks
are steady at full prices The market was un-
settled at the close: the following we're the last
quotations:-virgnis skies, 924 Z; Missouri skies,
7sa as; Canton Company, l6l II; Cumberland
Coal, l53 l6; Pacific Mail, SO q SO; New York
Central, 7ot I; Erie, 81 49, Hudson River, 4O4 ];
Harlem, 81 q 1; do. preferred, SO q d Reading,
394 /; Michigan Central, 37} I; Michigan Sonth
ern and Northern Indiana, st D; do. guaranteed
l4a a I; Panama, 1924 !; Illinois Central, s6& j.
Galena and Chicago, 56I 57t; Cleveland aud To-
ledo, 1913 20; Chicago and Rock Island, 62A &;
nlinois Central sevens, $50 SO.
The business OF the Sub-Treasury today was as
follows
IVtei rece'pU $lbz,lo0 %
-roT c"s'om1 oI,W0 w
aosai Psy n'ou'0's ltSooo 70
81
The exchanges at the Bank Clearing House this
morning were 81 ,ls6,7l7 06, and the balances
$l,ls4,986 70.
The following shows the condition Of the banks
Of the four leading cities Of the UHiol according to
the latest weekly statements at haAd:-
GsAS