The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-28
FINANCIAL AND coMMERc GAL.

FRIDAY, Jan. 27-6 p NJ
Money Is very abundant to day, both with the
discount hosses and in the street We hear OF pa
lances lent out five per cent to established houses
Seven seems to be the minimum, as general rule,
Sor short paper: but the line OF paper which goes
Al that figure is much wider than 1t was. The dis
>eunt brokers complain Of want Of short prime
paper.
There is not much doing in foreign exchange; the
steamer so-mor is the Edinburg. not favorite
packet, ard most RENTERS are waiting for the Gu
nard packet of Wednesday next We quote sterl-
ing bills, bankers, l0sl 100; commercial sigma
lures, los l0sa, with moderate sales at 1851
Francs range from 5.l7t to 52ll, the real BUSH
ness being at about 5.lsl for bankers names and
$40 for southern bills. Some houses look for
Sudden falling Off in Southern bills; if this happens
an advance may be expected in exchange.
The feature of the stock Exchange continues to
be general unwillingness to operate heavily on
either side. The business done to day was compa-
ratively moderate in amount-Central being the
Only stock in which there was an extensive trade
The price was 733 at the opening, 1888 in the middle
Of the day. and 73 at the close Of business against
73s at the close yesterday Letters from Albany
state that the evidence Of Mr. Stone and other wit
road Committee had shed a new light on the sub
jeet of the pro bill; and that it is shown
clearly that the effect of fxed unalterabe tariffs
and pro rata charges on our roads would be, not
10 benefit the canals, but to throw business upon
the Pennsylvania and Canada roads, many persons
who were at first willing to go for the bill in the
interest Of rhe canals will now pursue different
course. Panama was very active; heavy pur,
ebases are being made apparently on speculation
the price of the stock time 1870 per cent the
closing bid 1870, against 1928 at the close yesterday
Among the Western stocks Rock Island was the
strongest; it sold as high as 63} on time, and
closed 63l bid against 633 bid at the close yester.
day Reading continues TO be wanted apparently
BY the Philadelphians; there was good business
done at $50 80, and the closing bid was 3sA
against 3Ss at the close yesterday. The market
was quiet on State stocks and railway bonds.
The feature of the market in the after.
noon was the frmness Of State stocks, and
decline of one per cent in Galena-which was
caused by rumor that the company propose to
issue preferred stock to redeem their first mort
gage bonds, which mature next year. The market
closed dull at the following quotations.: Virginia
S. 9l2 81; Missouri 6's, 79s 4; Canton, 16i IL
Cumberland Coal l5a !; Pacific Mail, 764 !;
New York Central, 73s 4; Erie, a ]; Hudson
River, Al /; Harlem, a !; do. preferred, 1928 az;
Reading, $50 O; Michigan Central 363 ]; Michi-
gan Southern and Northern Indiana, a /; do
guaranteed, Is a d; Panama, 100 j; Illinois Gen.
tral, 81 /; Galena and Chicago, $50 !; Cleve-
land and Toledo 2Os j. Chicago and Rock island,
s3l 0; Illinois Central rs, s7a a So.
The following table will show how the banks in
the four leading cities of the Union have worked
since January /, 1867