The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-14
FINANCIAL AND COMMERCIAL.


The better feeling in mercantile circles which
marked yesterday prevalent to-day also, though
quote any very marked Improvement paper
First class signatures continue to pass at IL Is psr
cent, and the demand for paper stl quite light Con-
sdcr bic surprise is expressed at tho cool il
which the Il crisis 70 have been received
II TTgand. When tn Europa sailed, the English hal
before them quotations Of sterling hange here i0i
l02, will no demand at the decline ana quotations of
o,ks uerally lower than any which have been siut
over sncc Yet the face Of this the Bank reduces the
Of interest, not Il, but per cent, and American
s,oeks are maintained per cent above our
prices, The favorite theory in Wall street is that
he Ingsh had Lad time to realize the
seriousness Of situation; that they ncreiuous
"a to the purpose the Southern States and when
they receive tie nCws by the Persia the steamers
which followed her they viii feel hopeful the Bunk
viii the Of interest and cotton ani stocks will
.al,
Tie stock market opened to-day with better demand
fof state stocks which beginning from the
panc, but with increased supply Of New York Cen
a mainly in consequence Of the unsatisfactory
IL the report That document of which slal pub.
'sb extracts when columns less crowded,
shoxs we stated yesterday Mt profit for the year
on. 6k per II will confirm the belief Of thos,
who have all along asserted that the Central
been the reports. The expenses have for
Years been larger than confessed, aud the
luence Is that now, with gross earnings largely
Increased last year, the directors forced
20 confess that their net earnings less.
-t Notwithstanding the adverse effect of these dis.
closures the ket the scarcity of stock began to
prices the lrs board and there general
raly, which lasted till the close Of business the
bcng quite firm al the close The following tn last
quotatns Of the dayUnited states SIS 1874, son 80;
ndianas 80 Virginia 6s 70 70; Tennessee SIS, T1i a72
Missouri o. 90 "a Cantoa Is IA; Cumberland Goa
preferred, TO- Pacific Mail, 10 " NV York Central,
7ah "a; Erie, 2s x Hudsoa River, 30 y; Harlem,
ah :. Harlem preferred, 81. a2,<; Reading 3a1
-; Michigan Central, AZ y; Michigan Southern and
Northern indiana, l2A 49, Michigan Southern and
northern Indiana guaranteed 2.k 2sa Panama, 1i2
lis; Illinois Central, 5si4 4; Glena and Chicago, 81
~ Cleveland and Toledo, 24ss u; Chicago and Rock
Island, Az as; Chicago, Burlington and Quincy, 90
81; Delaware, Iackawana and Western 70 75 Illinois
Centra bends, STAY.
The business OF the sub.Trcasury was as follows to-
day
Rsceips 500 DIS IS
-For custt ms 80 100 %
lay meits. S2s,ls0 ~
balance 6s5 995 ~
Tie exchanges at the Bank Clearing House this morning
were ST. 61s Ie2 60 and the balances 81 224 o7s 49,
The Toston and Lowell Railroad has declared a semi
annual dividend Of four per cent payable JanuAry4
The Philadelphia Lcd2sr Of December IL says
There Is change In the money market. The only
at VIII oh any paper sells at all Is Is ~ per
cent and hing but first class signatures can be passed
these rates Tho discount brokers report absolute
thsir business The applications at bank continue
pressing, though the demand Is met with moro teraly
har would he supposed considering the current rates OF
paper tho street Call loans effected at per
cent.
The Buffalo ccu,moria, Ad,eriseY says
out brook vile Bank at Irookville Bank OF syracus
Syracuse; Bank OF In lana at Michigan City; ndisna
Reserve Bank, at Eokomo; Fayette County Bank Bank
4 Cornersvlie; Hooser Bank, at Logansport They
I'll Winding Up, and, Is said have less than ~ 900 ZACH
N ,ircu!acn The notes secured by bonds given 10
he auditor when the securities were surrendered.
Ia, New Orleans Piooyae Of Saturday last DeceInbcr
=, Says
and negotiations could only be objected with difncuty
Clear sterng dealt In moderately, at e5 %, the
latter extreme figure for the best Drafts with doeu
nlertary evidence not ohered Francs are dub aai
lending downward Probably the correct quotation would
D. 81 soa W. though eu exceptional name m,n bring
fraction Time bills the North wholly
sslaable sight transacted at IL IL. per
cent discount Altogether the market clo..ed
oans made in cxrsvasani rat
bit, general rule, there is settled price for any
thing III suspension OF several prominent houses has
hat csscned the pressing demand for money with
OFT Lcsrnsing the supply ~ thu practc.ly We are -,
better CO Eut in the meanwhile the banks arc daily
growing stronger, and being already In position to with
stand assault they viii shortly begin 90 look
for casual Investments In fact there
entertain posas for discounts though mitei
footing but this feeling held 10 bcysnce until
arrive definite idea the course of the New
York banks Tho rcccipts Of specie this unit 70
ts23.e27, cf which sles27 from Texas, 5000 from
Bsszos, $50 zoo from Havana and SIS COO from New
York. Tho shipments comprise few significant par.
chs Dot worth noticing There Is no market too uDcur
fert moscy