The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-14
FINANCIAL AND CONNER GAL.
WEDNESDAY, Nov. 13-G r. N.

WEDNESDAY, Nov. 13-Gp.M.
There is no change in the money market.
better feeling prevails in banking and cial
circles in consequence Of the official reports from
Beaufort. But there is but little pepper making,
and the discount houses are not busy. On call
money is worth about six per cent. Mr. Cisco
imbursea the banks $4,000 this morning; he viii
probably call on them for more money at tie end
Of the week. Mr.. Secretary Chase arrives in this
city this evening from Washington, and will stays at
the Fifth Avenue Hotel. His visit is connected
with the negotiation Of the third fifty million loan,
which win now be gladly taken hy the banks.
The news from South Carolina, Kentucky and Ten
is calculated to swell the popular subscrp-
ton to the 73O notes to a large amount.
Stocks advanced again to-day the news from
Beaufort, and the commission houses report good
days business. At the close OF the first board an
effort made by leading bear to arrest the
upward movement, but without success. The
market continued buoyant throughout the day, and
closed firm. The advance in government skies is
q per cent. Large amounts Of these skies have
been lately taken out of the market for banking
purposes the whole Issue will eventually be alb
sorbed in this manner. 1t is probable, however,
that the banks will have but . brief period left
during which they buy them at discount.
The response from Europe to the news which went
out to-day in the steamer is likely to lead to q
general advance in United States securities.
The fives Of 1874 advanced one per cent to.
day, and Missouris about as much. In the railway
shares the aay ance was general. Central rose x
Erie u, Erie preferred a, Hudson River Z. Read
ing !, Michigan Central Ia, Southern, old, "a, qua
ranteed ~, Panama q, Illinois Central 1, Galena
TX, Toledo q, Rock Island *, Burlington and
Quincy a, Milwaukee and Prairie IN Chen q.
The largest advance, it will he noticed, was n4sock
Island II is presumed that the manGuvre which
was 80 dexterousy performed rather more than
year ago by the directors Of this concern is about
to be repeated The leading director and most
generally trusted individual in the board is about
to leave for Europe; if, after his departure, it
should be given out that dividend would shortly
be paid, and the public should thereupon buy the
stock at advancing prices, while the directors
quietly sold out, and the dividend should at
the time fixed be passed. instead Of be.
Ing paid, the dupes would at least have the
satisfaction OF knowing that others had
been caught in that trap before them. The follow
ing we're the closing quotations of the day-United
States es, registered, 1851, 9i5s q s41l; do. 6's
coupon, 1881, 94ss 80; do. SIS, 1874, $50. Sc;
Indiana SIS, n 70; Virginia SIS, IS SO: Tenres.
soc els, 1871 a; North Carolina 6's co 81; Mis-
souri, 6s, 45Hs 45s4; Pacific Mail, 90 9si8: New
York Central, sos a 500; Erie, 341f 34''.; DO.
preferred COZ. coz; Hudson River, 4o1s aos.:
Harlem, 1875 IL; do. preferred, 3i7s So; Read
ing, 365s 361; Michigan Central, "a 541t; Mchi-
gan Southern and Northern Indiana, 1879 a 20; do
guaranteed, Al Az; Panama, 1907 1872; Hi
nois Central G5 G51S; Galena and Chicago, 1874
a73 Cleveland and Toledo, 3s11s a 3s5s; Chicago
and Rock Island, 57A 573s; Chicago, Burlington
and Quincy, 05L GO; Delaware, Lackawana and
Western, 20; Milwaukee and Prairie du Chen
22a 70; Illinois Central bonds 7s, SO ssL. After
the second board some business was done in the
street and the outside brokers' room. The only
changes were an advance in Gaena to 73 bid, and
. decline in Pacific Mail to 9s a %.
The improved feeling in regard to the future is
revivng many schemes which were dropped when
the pane commenced year and a quarter since
Among Others the project for rendering the Cleye
land and Toledo dividend paying property is likely
to be revived and this time it bids fair to be car
ried through. All that is necessary, in order that
dividends be'resumed npon this stock, is the fund
ing of something like 900 Of floating debt
This debt came within an ace of being funded las
year, just before the disunion agitation began The
friends Of the property seem to think that it can be
Rumor couples with the operation the
names of the parties who were most
prominent in extending the first mortage
bonds on the Galena. Should this obstacle be got
out OF the way there is every reason to believe
that the Cleveland and Toledo wonld pay from 4 to
per cent dividend, at least, in 1862. During the
year ending April 20, 1861, the road earned rather
more than per cent It's stock Since then il has
done sil better and every see that the eaor-
NOUS movement in bIeadstufs wiz give it an I'M
usually large business this winter. 1t would be
very gratifying 10 this favorte and important
property resume the place it held for so many
years on the dividend paying list.
The Pacific Mail Company have issued the fol-
lowing H. sterious buiiclin:--
ASet,.
Cash on hand loars and investments 81 800 OBS
Sl,S12 tens 'ol ou hand and III tlausnu,
which there has bern i8id................ $50 OoS
Twelve ste N rs, lhclud.Ag the new steamer
Con.tit on. .........,.....;....,. l7l1 3s7
str h p, GA b ais a. s ows............... G.Il7
M7' hive Honcia Observation-Disclosures. 81 600
o. d and sup s IN the hands &C agents aud
IN uansitn. .:....,.......... II, eS2
Stock ~ Norta tanic .ua&hip Company =. 22f CID
Due from agents p.,s~rs................. 2i,iat
Total "a ~, 4os
LtcLtlities.
Sundry unsettled accounts Observation-Disclosures. a916
PFoht ana loss- suril g .,fe 4, 1851. s7ol20
Frobt and loss, net e7ll.tugs for the
TIRE months ending Nov. 1....... 397 270
Total .........;...,........... s4o7 ,S91
Cha se sinking fund depreciation OF