The New York herald., 1862-01-11

rom government are hastenlng TO invest them
in first class bonds. Securities of this class rose
!, and per cent this morning. Erie frsts
sold at l05; Hudson frsts, 1861; New
York Central skies, 95H; Delaware and
Lackawana frsts, par; Erie fourths, 10,
&C., &c. 1t has always been noticed on the Stock
Exchange that an active and steady inquiry for
first class bonds is followed, sooner or later, bya
consumptive demand for dividend paying stocks,
and ultimately by speculative movement in the
fancies. Hence the unusual advance in bonds at
the morning board stimulated purchases of the
leading railway shares during the afternoon, and
led to q general advance, which, mentioned
above, was probably assisted by the operations of
spectators who have been bulls in exchange and
realized profits to-day. As was natural, the most
popular among the dividend paying securities
was Pacific Mail, which rose ~ per cent, closing
firm at 97H bid. The inquiry for this stock ap-
pears to proceed from the same parties who are
investing money in bonds. The comparative cer-
tainty of per cent quarterly dividends, and the
possibility that the February dividend may be 10
instead of per cent, naturally attracted public
attention to this security, and much higher prices
are predicted for it by spectators. Panama also
rose ~ per cent, with light demand Erie bonds
and stocks continued to advance; the preferred
rose per cent, the common stock 70. The recent
decline in Erie is ascribed to sales by foreigners
based on the Trent affair. 1t is assumed that as
soon as the surrender of Mason and Sli!eIl
| is known abroad, and with it the large
earnings Of the road, these parties will
endeavor to replace their interest. Comparing the
closing prices of to-day with those of yesterday,
we note an advance of N per cent in Central q
Harlem preferred, % in Reading, a in Michigan
Central, "a in Michigan Southern, q in guaranteed,
a in lHinois Central, ~ in Galena, 10 in Toledo,
N in Rock Island, 1 in Burlington and Quincy.
Among the Western shares the most popular among
operators appear to be Toledo and Galena. Both
of these roads are doing large and increasing
business. State stocks were unchanged to-day,
with tie exception of Missouris, which rose "a per
cent. United States stocks. are firm, with rising
tendency. The coupon skies of 1851 rose q per
cent to-day When government promises to
pay become the currency of the country, United
States bonds, bearing six per cent inte-
rest, cannot well sell at heavy discount.
The market closed very firm, the following being
the last quotations:-United States 6's registered,
1881, Ss4 SO; do. 6s, coupon, 1881, 90 "A; do
SIS, 1874, 79H "a; Indiana SIS, Is II; Virginia
6's, 40 SO; Tennessee 6s, 42l1 q 437s; North
Carolina 6's. COZ =; Missouri 6's, 4lA AZ;
Pacific Mail, 971a a Hs New York Central s2ss q
n; Erie, 35 1s; do. preferred, 81 a a; Hudson
River, 80 4O Harlem, 13A "a; do. preferred
3lH a 14; Reading, 361% 81; Michigan Central,
5OH "a; Michigan Southern and Northern In
diana, 2O24 81; do. guaranteed. 421a a 43; Pana.
ma, 112H a; Illinois Central, 63Z u; Galena
and Chicago, 6sh aS; Cleveland and Toledo,
37}s u; Chicago and Rock Island, 531% a;
Chicago, Burlington and Quincy, 5s324 5914; Mil
waukee and Prairie du Chen, 1914 "a; Clere.
land, Columbus and Cincinnati, l06 100; New
York Central rs, 1864, lOl 1907; Erie third mort
gage bonds, 80 81; Michigan Central S's, first
mortgage, Sc 81; Illinois Central bonds, rs, 90
After the second board an active business
was done in the room of the outside brokers' Over
100000 registered United States skies were sold
at 50; 90H was bid for the coupons. At the final
close at five p NJ, Galena was quoted at6SH, Erie
35H, Erie preferred SIX, Central s2A, Pacific
Mail 97s4 os, Toledo 371s, Missours AZ.
large shipment of specie-probaby over half
million dollars-is expected to be made to-mor-
row to Europe. We should think it was losing
business to pay ~ per cent premium for specie to
ship it abroad. Better buy merchandise or stocks
and send them ont.
The Cleveland and Toledo Railroad gains 81 GOO
the FIRST week in January; the New York Central,
$3.50 900 in December.
The business of the Sub-Treasury was as follows
to-day
Receipts ts...................... 81 1856 ss4 OF
For customs. .................. 100000 co
ON account of loan ~ ne Sss go
paymsSts incans redeemed p G. notes: 4ss7@s
biance. 4l25 SAB 81
The exchanges at the Clearing House this
morning were SIS .O33, ,l53 IA, and the balances
ss32 AGO II.
The Pacific Fire Insurance Company has de-
clared semi-annual dividend of ten per cent,
payable the 10th inst; the Middlesex
County Bank, of Middletown, three ard a
half per cent, payable on demand; the
Waterbury Bank, three and half per cent and the
Citizens Bank, two dollars per share-both of
Waterbury, the Fairfield County Bank, four per
cent: the Stamford Bank five per cent-all of Con-
nacticut The Union Mutual Insurance Company
of New Bedford, scrip dividend of forty per cent.
The Auditors statement of the condition of the
securities and circulation Of the banks of Illinois,
as hey existed on Monday, the 9th day of January
instant, shows that the total amount of outstand-
ing circulation is reduced to 81, Ale, ,O76, Sc
cured by total of bonds amounting to 81 All O7G-
estimated, we presume, at their present valuation.
list of ffty-seven banks is given whose notes are
now redeemed by the Auditor at fifty to eighty
cents on the dollar, including three banks whose
notes are redeemed at par.
The annexed statement shows the condition Of
the Farmers Bank of Kentucky and branches on
the 3lst of December
Mcnns.
Kent lcky State loan. $3.50, 900 90
Notes discounted. ............ 7gl ,20S SO
Bis OF exchange. ,3l9,3l1 90
Suspended debt. .............. 1875 ,376 80
---s2, ,oo1, 800 so
DE from other banks. ks................... 48855 OF
Ronl estate-banking houses. 80 1856 o.
Cash hand viz:-
In gold and silver. ............ $970,72o o.
In notes Of other banks. ........ pS,Gi6 90
On deposit In banks In New
York and Phadephia..... 242 ,423 %
-- ,3l1, ,7D8 81
TOTAL ~ ITO 4Se 40
Liabilities.
:.
Notes circulation Observation-Disclosures. sGo No