The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-24
FINANCIAL AND CONNER GAL.
WEDNESDAY,, Jan. 23-6 P. n.

WEDNESDAY Jan. 23-6 P. n.
This has b6SH quiet day, both in the money
and the other mark6sS, Rates for money have not
varied materially since the beginning of the week,
though the supply increases steadily. The Arago
arrived this morning with 1886 600 IN specie.
Foreign exchange Is dull at our last quotations.
We hear Of nothing doing in Southern cotton bills,
and for the present presume that our foreign
bankers are not extensive buyers.
The stock market opened very dull this morn
ing, and before the board purchases were effected
at decline from last evenings quotations. AT
the board the market rallied, closing with some
frmness. In the afternoon stocks were steady, but
weaker at the close. The disturbing element in tho
stock market is the apprehension that the London
money market Is on the eve of panic, and that
this will lead to heavy remittances OF American
stocks to this country. The recent advance in
some such stocks az Illinois Central b likely to
tempt the British holders who bought between
so and 60 to send their stock here for sale. At the
close to-day the following were the quotations.
United States 6's. 1874, 92A 9s; Virginia 6s.
75L "; Tennessees, 751I q 76; Missouri 6's, 6sA
a So; Canton, l4ss; Cumberland Coal preferred
II; Pacific Mail, 90A "a; New York Central,
1917 "a; Erie, 36H a ss; Hudson River, 45A
46; Harlem, 1917 "a; do. preferred, 1914 "a;
Reading 46H . n; Michigan Central, 57A
So; Michigan Southern and Northern Indiana,
1871 q u; do. guaranteed, 33H a; Pa
mama, lis lit; Illinois Central, slA n;
Galena and Chicago, 7lA 70; Cleveland and
Toledo, 36A "a; Chicago and Rock Island, 57H
3d. Chicago, Burlington and Quincy, 74H a.
Illinois, the New York of the Western States, Is at
this moment, perhaps more prominentin the public
mind than any other State in the Union. She Is
paving up her State debt at the rate of one million
each year. and, after paying off this sum last year,
has nearly one million in gold in her treasury.
The State stock is at par, the private debt is small,
and the only incubus in Illinois is the facility a.
forded to free banking, which we are glad to see
the present Legislature is taking in hand; law to
| compel the redemption Of notes in specie will un-
| doubtedly be passed at this session, and thus
knock away the last block Of Westernism from tho
| State. OF the three millions of population
| added to the six Northwestern States in
| the last decade, S72, l63 are gained in Illi-
| nois Five thousand miles Of railway terminate
at Chicago. The products Of the prairies last
year were enormous-upwards of one hundred
| bushels Of grain to every man, woman and child
| in the State. This month !, 200 500 tons of
corn and provisions are being delivered by the IL
linois Central daily at Cairo for the Southern mar
| kets. The shipments from Chicago for 1861 are
estimated at $4,000 900 of bushels. From the
political troubles at the South and the block in the
manufacturing interest of the North, Illinois will
obtain this year larger accession to her popua-
ton than she has had in single year; and If
OWL war grows up in our midst it is not unreason.
able to suppose that the State will at the next
sus show a population Of three millions, with
corresponding increase in the value OF the proper
~ in the Prairie State, as trouble compels the
masses to seek cheap food. These facts are Of
peculiar interest in connection with the advertise
ment Of the Land Department the Illinois Central
Railroad Company, which we publish in another
column.
An anonymous correspondent denies that the
port Of Charleston Is closed and asks, "What ves-
| sci would sail with Q State clearance? OF what
avail would such clearance be in foreign port"
Very little, indeed The fact is nevertheless that
there is no United States Collector at Charleston
and that the few craft which do sail from that port
| for New York and elsewhere do sail with State
| clearances. But the removal Of the buoys and
| lights and the Instructions in the channel,
effectually prevent the ships now in the port of
Charleston from getting out, while they are drv-
ing to Savannah the ships from abroad which were
bound to Charleston. Savannah has stolen a
march on Charleston by retaining her United States
Collector, Naval officer, &C., which will in few
months give her complete monopoly of the trade
heretofore divided between the two ports.
The following was the business of the Sub-Trea-
sury to-day
Receipts $e45 100 %
For customs $1,000 90
Payments OBSERVATION-DISCLOSURES. 175,367 80
%
The exchanges at the Bank Clearing House this
morning were SIS, ,6s2 IL, and the balances
81 AL 724 %