The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-18

tious. Panama was very much in request add sold
Let laA on time, closing 1889 bid Central wss want
cd this morning ct 7l} o.; m the afternoon the de-
uand was maintained, aud the closing price was
al Galena was likewise better and closed at 5si
hid This stock is very scarce in the street.
some prominent bears are said to want several
thousand shares for delivery. Other Western shares
we're likewise fraction better The Illinois Cen
trail earnings for the second week in February show
m increase OF $ll ,000 those of the same week
on the Michigan Southern increase Of 81 ,OOO Mis-
souris are recovering the late decline, which ap-
pears to have been q mere stockjobbing move
Ment and should result disastrously 10 its author.
Reading was in very active demand to-day; the
price advanced to 40 at the close. On the whole
the aspect of the market to-day appeared livelier,
and more likely to respond to the wishes of the bro
kers than we have seen II tor some time. February
rarely passes over without some movement in Wall
street. At the close the market was firm at the fol-
lowing quotations. Virginia 6s 92A 90; Missouri
s's, so a I; Canton Co., l6l II; Cumberland Coal
preferred, Is 1; Pacific Mail, 90{ . Z; New York
Central, 7la q; Erie, 90 }; Hudson River, 400
Al; Harlem, 81 1; do preferred, 50 a 4; Reading,
39i q 404 Michigan Central, 372 3s; Michigan
Southern and Northern Indiana. Ct !; do. gaaran-
tesd, lla I; Panama, 1899 1874; Illinois Central,
SGT d Galena and Chicago, 6st a 1; Cleveland aud
Toledo, lst 20; Chicago and Rock Island, 62b
SO.
The amount of paper offering to-day at the dis
count houses has been larger than for some little
time past Many capitalists are anxious to see
what course monetary affairs are going to take in
England, and are rather shy of long paper. We
cannot, however, quote any advance in rates:
choice short acceptances 60 at 6; first class double
name paper, months, per cent; money on
call at 8, with occasional exceptions at asa. The
delay at Washington in paying the Post Office Ger.
ti6cates creates some surprise; but the money is
not needed, and what could be expected Of the
Treasury Department under its present manage.
ment?
We note an advance in foreign exchange, espe-
sially francs. leading house is holding bills on
Paris at 5l32 and 5.l84, which is an advance of
per cent; sterling is pretty firmly held at 109 but
to-day there was very little demand at this rate for
francs there is more inquiry. We are rapidly ap-
preaching the period Of the year at which exchange
should advance to points which will admit of ship
ments of specie. Since the advance in the bank
rate of discount in London, drawers are holding
short sight bills of per cent above their 60 day
bills.
The dry goods dealers are again increasing their
purchases of foreign goods, and swelling up the
debt which by.andby will have to be paid in gold.
The import for the week ending to-day lie $4,224,.
$50, against $765,519 same week last year. and
$l,299,l26 same week of 1858; 40 that, now, our
aggregate imports since January are 50, 100000
IN excess of those Of the corresponding period Of
last year-when, as is known, the imports were ex-
buyers at this rate need be in no hurry about max
ing their purchases; prices will rule low enough by
and by.