The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-11
FINANCIAL AND COMMERCIAL
THURSDAY, Jan. 100 P. M.

uOnbVNbnI NIN1 SOIWIVGTANI
THURSDAY, Jan. 10-6 p. M.
The street has been kept in state Of conside-
rable excitement all day by the rumors from
Washington and Charleston. 1t was generally be-
yeved this morning that the despatch in the morn
ing papers relating to the firing the Star of the
West was incorrect; every one believed the false
rumor that Captain MCGOWAN had landed his men
at Fort Sumter. In the afternoon the hopes Of
peace were dashed by news of the correctness of
last nights despatch, and later in the day, by the
intelligence of the seizure of the steamship Marion
by the rebels.
STILL the markets were not sensibly affected.
The cotton and -four markets were more directly
influenced by the news of further advance in
prices in England. Stocks seem beyond the in
fuence Of further panics, and money is affected
By the abundance Of the supply, regardless of po-
,itical affairs.
Some very choice paper was done to-day at
scven per cent. The general rate for first class
names is 5 a 8; very good names, however, sell at
IL Is per cent. General distrust attaches just
now to the paper of houses in the Southern trade.
The progress Of political events seems to render
the collection of claims in the South almost hope
less and capitalists are consequently discrimi.
mating against parties who may be supposed to
have large amounts due them in the Southern
States.
Foreign exchange is dull, but prices are frmer.
Some bankers are asking lO6 for sixty day bills on
London.
Contrary to the expectations of many, the Stock
Exchange was buoyant to-day, and, with the single
exception of Virgnias-which are probably hurt
by the rumors Of secession in the loyal Old Domin
ion-stocks advanced throughout the day, closing
firm late in the afternoon. There was fair de-
mand for all the speculative railway shares and
for favorite bonds, and very few were offered for
sale. Comparing the prices of this evening with
those Of yesterday evening, we note an advance OF
~ in Missouris, u in Tennessees, rs In New York
Central, IL in Erie, "a in Hudson, 2 in guaran-
teed ~ in Michigan Central, az in Illinsis Cen.
trail, l in Galena and Y in Rock Island Political
events have certainly ceased to have any power
to affect the stock market. The following were
the last quotations Of the day:-United States SIS
1874 90; Virginia 6's, IS; Tennessees, IS a "a;
Missouri 6's, $50 "a; Canton, IA Is; Cumber-
land Coal preferred, o 10; Pacific Mail, SIX o
ss; New York Central, 771s "a; Erie, s71l u;
Hudson River, AZ AZ; Harlem, 1914 q ~ Harlem
preferred, 3sH 80; Reading, 3994 40; Michigan
Central, ex div. 5l7s a521s; Michigan Southern and
Northern Indiana, 1414 "a; do. guaranteed, 3311l
az; Panama, ia u.s. Illinois Central, 76A 78;
Galena and Chicago, 641H q IS; Cleveland and To
ledo, "a n; Chicago and Rock Island, 53H z;
Chicago Burlington and Quincy, 67A a 6S.
The business Of the ub-Treasury was as follows
to-day
hecepts..... &le $40 OF
-for customs. $1,000 90
fayments... 2ll,04O 90
baiance......... 3oao,ssl 10
The Secretary Of the Treasury has advertised for
proposals for the taking of the five million Treasu
ry notes, under the act of December last The bids
will be opened on the 10th of January.
fMr. Thomas and Mr.. Assistant Clayton will
resign, the government will three per cent on
these notes; people don't like lending their money
to traitors.
The exchanges at the Bank Clearing House this
morning were 072l $50 so, and the balances
sl,l47 ,30S SO.
The Quaker City, from Havana, brings s2l3,lI7
in Spanish doubloons.
Mr.. William n. Falls, for many years President
Of the Tradesmens Bank, in this city, having de-
clined reelection in consequence Of declining
health, the Cashier, Mr.. Richard Berry, has been
elected President, and Mr.. Anthony Halsey ap
pointed Cashier.
The following dividends have been declared
The Brevoort Insurance Company scmi-annua div
dend Of three and half per cent, payable on demand
the -Etna Fire Insurance Company semi-annual div
dend of FIVE per cent, payable demand the Humboldt
Fire Insurance Company dividend Of FIVE per cent,
payable demand the Equitable Tire Assurance So
cety interest dividend of three and half per
ON its capital stock, the 18th inst the Seamens Bank
for Savings will pay interest It's deposits the
ins at the rate Of six per cent per annum Of
1--WE hundred dollars and under and at the rate Of FIVE
per cent arger sums the Bank for Savings Checker
sreet interest at the rate OF five per cent per
on sums under FIVE hundred dollars, and at the rate Of
four per larger sums, payable ON the 2st inst
The Philadelphia Bulletin of last evening thus
notices the money market Of that city,
The demand for money the street is quite moderate,
10 TO IL per cent the current rates for rst
class short The offerings at the banks have
fallen or and likely 10 still further decrease, unless
there Is more animation in mercantile circles.
The Illinois Central Company's business for the
last three years compares as follows
1855 1869. 1850.
land sales ...... s7oI 1856 4I5,02s 1881, b44
Earnings. ......... I,e76b7s 2114,44s 2,725, 1888
Land collections. 62662S 500 40 7s0,o97
Total. ....... a.. 304 362 3IlQgO9 A6l3 bSi