The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-03
FINANCIAL AND CONNER lAL


WEpgEspAY, Jan. &c p. NJ.
The news from Washington to-day, To the effect
that he laws are ut last to be indicated, the re-
venue collected, ard the United States property In
South Carolina protected against the insurgents of
that state, was received with marked satisfaction
by H. public this morning. The contingency Of
civil war is icfs dreaded than anarchy and dis
union, and 4 is hardly believed That The disuni0n
movement viii spread as fast in the teeth Of re-
solute attitude on the part of the government asst
did when twas unmoiested, and almost fostered, at
Wabhineton. Stocks advanced, money was easier,
and there was more cheerful feeling in mercan
tic circles than for some days past.
We quote money to-day per cent on eau,
tic supply being lergely in excess Of the demand
Paper Of tic very highest grade il scarce, aud IS
wanted at a 10 per cent Fair paper is quoted
at u "a Is per cent, names not generally known
being still very hard TO sell. The new Treasury
notes are Held at premium Had the award been
postponed till after the Presidents letter, which is
printed elsewhere, there would have been bids
for more money than was wanted at seven per
cent.
The stock market was aifc cted this morning
first, by the summary Of the Presidents letter,
published in the second edition Of the HERALD;
and secondly, by number OF dispatches from
Baltimore, stating, on the alleged authority
Of Mr.. Winter Davis, that the Perilous Com
srittee Of Ihirty-three were about to report
q con promise. II was soon ascertained hat the
latter rumor was unfounded. But the buoyant
feeling continued, and it is understood that large
number Of orders for Erie, Illinois Central and
other stocks were filed for foreign account. In
the afternoon the market was steady, the advance
being pretty general throughout the list The
following were the last quotaions:-Tennes-
sees, 70 a "a; Virginia s's, 20 ~; Missouri
G's, so1 II; Canton, I411I Is; Cumberland
Coal preferred, 81 a s1S; Pacific Mail, SO a
"a; New York Central, 7sH "A; Erie, 10 a "A;
Hudson River, 49A "a; Harlem, i6 q ~ Harlem
preferred, 3s1t a q; Reading, 80 a; Michigan
Central, 544 o 5t14 Michigan Southern and
Northern Indiana, l6 a "A; do. guaranteed, 81 a
u; Panama, ll3 III; Illinois Central, 7s'4 %l
Calenp and Chicago, 70 IL Cleveland and role-
do, az u; Chicago and Rock Island, sc a II
Chicago, Burlington and Quincy, &C 81.
We shall have occasion 70 refer TO the Cover
nor's message from time to time, the subjects to
which il refers are taken up IN the Legislature.
We may briefly soy here that Il seems 10 be more
able document han the Last. The Governor, how
ever. stiH adheres to the opinion that the public
expenses should be betrayed by taxing traffic in
stead Of persons or property; the New Jersey poll
cy, In fact, not the policy ofNew York, which has
rails ed his state 20 the height Of power and wealth
she has obtained. Ia this, perhaps, he is obeying
the dictation Of the politicians Of the interior who
are opposed TO taxation in any form. Happily,
the canal revenues are now so large that extra
tolls on traffic are not likely TO be imposed this
session. II is yet too soon TO predict the amount
Of the general State tax. The following statement
win show the financial condition Of the state:-
The receipts Of tho treasury from all sources during
the nscel year ending with September 20, 1890
The balance in treasury on October 1859 800 s42 o.
Total ............ .si1, AS ,2o6 10
The total pay nents from the treasury du-
ring the fiscal year were. H4s,o0' o.
Leaving balance in the treasury on Octo-
The funded debt Of The state on October 1850 vas;
OF general fund debt ...,......... s6,Sos ,654 81
Making total of.................s3 3, 57o, rs IS
The stock of funded canal debt outstanding septem
Der 80 authorized by the constitution az follows,
viz
Art. !, sec L.. s1o,72l sos 90 567,o7I 90
Mt. !. sec. 3d.. 1920 900 90 $4,000 90
Art. T. sec. TO-. 642,bsb 40 "a go rs
Art T. sec. r.. 100000 90 10000 90
S2T 064 ,5s4 - 1874, 3e6 ~
The business Of the Sub Treasury to-day was a.
follows
Receipts. s1.I ,es4 %
For customs. Observation-Disclosures. $4,000 90
Payments. 133,2st Ill
Balance. .o,ifo.bb} %
The exchanges at the Bank Clearing House this
morning were 81, 200, 1916 H. and the balances
sl,7l2,O CO.
The National Fire Insurance Company OF New
York have declared semi-annual dividend OF ten
per cent, payable and after the 9th inst; the
Hanover Fire Insurance Company, sem-annual
dividend Of six per cent, payable on demand.
The Northern exchanges continue to grow more
favorable, and five per cent = now the current
rate for Chicago. The near by cities show no
change