The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-14

Reading -. SIX So IS ass ssx
E s5s; Central, a as $50 sSH ssa ss 81
Southern guarantee % a2k 3la s5 33
Illinois Central. So 81 69k 79k toy
S ssss islsnd q 81 s ss s ssS s So
Toledo. ....,.,.. 2sh aoH 20 g. az
Pacific Mani. 70 sly saI so1 $50
The stock market was feverish all last week.
Spectators bought and sold from day to day on
the political events transpiring and about to trans
pire; but no material change in prices took place.
Stocks seem to be beyond the influence Of panic
for the present; and though in the present condi-
ton of the country there seems to be little temp
tation to buy stocks still, the experience of the
past few days proves that there is but little profit
in selling them. Federal securities are higher than
they were week ago, which may be ascribed to
the effect of the new frmness lately infused into
the policy Of the administration, and to the retire.
ment of the secessionists from the Cabinet
The second batch of Treasury notes-$5 900 900
are to be awarded on Saturday, 10th. The sub
sttution of Hon. John A. Dix for Mr.. Thomas as
the head of the Treasury Department will render
: it possible to negotiate them at moderate rate
It may be well, however for Mr.. Buchanan to
follow up the removal of Mr.. Thomas by that Of
ions are no secret. The financial community at
the North are ready and able to lend the govern
ment all the money il may need during the present
trying emergency, but they are not willing to run
any risk Of unconsciously supplying the revolu
tionary party with means Some recent transfers
by Mr.. Thomas, of moneys from Northern to South
ern repositories, created q good deal Of uneasi
ness. With regard to the bids for the notes to be
A. "a A..
80 much depends on the events which may occur
during the week. It is pretty certain that the
money market is going to be easy throughout the
spring and summer, and that safe investments
yielding to per cent interest will be very
scarce in the course Of sixty days. It is equally
certain that in any event, the obligations of the
United States will be . safe investment At the
worst, if fifteen slave States secede-and two or
three Of the number show no tendency to do So
the States of the North are abundantly able to
assume the whole debt of the United States, and
to pay the interest on it punctually. The whole
debt of the United States is not much more than
the debts Of the States of Ohio and New York.
Any new bonds, notes or obligations which the
general government may require to issue during
the pending crisis ought to command fair price,
even though patriotism should not be allowed q
place among the reasons which may prompt peo-
pie at the North to subscribe. The following re-
port of meeting of bank officers held here yes
serday, will show how well the appointment Of Mr..
Dix is likely to work.
At numerous meeting Of bank officers and directors
OF other moneyed institutions of this city held at the
Bank Of Commerce Saturday, the 18th inst John A.
Stevens called to the chair and W. 4. Hooker ap
pointed secretary. Upon motion OF Charles H. Russell,
seconded by Noses Taylor, it was
Resolved That this meeting learns with great salts
faction OF the appointment just announced of the Hon.
John A. Dix as Secretary Of the Treasury the United
States believing from the well known ability integrity
and honorable character OF this gentleman his devotion
70 the Union and his determination 70 maintain the laws,
that the change thus effected will inspire throughout this
community increased confidence In the administration Of
shat department and the stability Of the government
Puhncu,,
Resolved That we will meet at this place on Friday
next, at one O'Clock, and in the meantime will confer
With the boards Of our respective institutions and then
determine the rate Of interest at which will bid for
che proposed issue Of United States Treasury notes
The passage of ordinances of secession by the
states Of Mississippi, Alabama and Florida in
creases the anxiety Of parties interested in ship
ping, cotton and exchange. We have no informa
ton with regard to the course pursued by the col
lectors Of Mobile, Pensacola and Apalachcola; it
IN presumed that they continue to receive duties
and to issue clearances in the name Of the United
States, Notwithstanding the passage of secession
ordinances by their respective State Conventions
they do not, any ship sailing out of those ports
does SO at her peril and is lawful prize by any cru
At Charleston it ia understood that before the
removal of the buoys ships sailed with South Caro-
lima clearances which, il Is said, endorsed by
British Consul. IL is not known where this
British Consul acquired the right Of recognizing
the independence Of South Carolina, nor does it
appear that his endorsement could confer va
ldity upon clearance in itself utterly worth
less. AT tho nresent time, the measures taken
by The authorities Of South Carolina for the
protection Of the port of Charleston have effectu
ally closed il to commerce, and we are not sur
prised to learn that the Emily St. Pierre, an Anne
fican vessel has been refused admission TO that
port because che carried the stars and stripes in.
\ stead Of the Palmetto, as her national flag. II
II is pretty evident that so long rs the secession
4 movement remains in suspense, the commerce of
all Southern ports must be carried on under Cir
cumstances of great peril, and bills drawn against
/ cotton shipped from Savannah, Apalachicola, Mo-
bile or New Orleans must be regarded with dis
favor should the other cotton States follow tho
example Of South Carolina, their ports will be
closed II not by the general government, by them.
selves. The resignation of the United States col.
lcctors and the adoption Of foreign flag will close
these ports efectually as blockade by ships Of
war. Cotton, sugar. rice, &C.. will find their way
| 30 Europe through the Northern ports, to which
l IL will be sent by rail, and thus the In
dependence of the Southern confederacy
they will be inauguratcd by the payment OF
tribute to the North all Southern
staples The Charleston and New York steamers
are coming money al the present time by carrying
cotton rice, &C., from Charleston to New York for
shipment to Europe. IT costs the owners Of the
cotton, IL IL said, "a much to send It to New York
as h would TO send it TO Europe, and they are
paying besides commission to the New York
house TO which it Is consigned in taasitu. still