The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-01-08
moss at the board was quite briah. The following

The market closed firm az 1877 1921.
The money market 10 still active; and, although
il wc0ld not be IN strict accordance with fact TO
report a striIgency, yet there ere every day new
evidences arising 10 warrant the belief that a
cfisis 10 monetary afais 10 approaching. Borrow
eys are accommodated unstintingly, it is tYue bat
money has no occasion 10 60 begging for invest
Dent and the best OF paper is necessary 70 keep
the rate OF interest rung as low as seven per cent.
From all parts Of the country we have reports
upon which the prediction may be safely based
that temporary tighiness viii be upon rs per-
haps sooner than many expect or are willing 70
believe. The stringent condition OF the money
market 10 Philadelphia on Tie 9th as we learn by
me journals Of that city, continued TO cause
pressure Of cash stocks and TO render the prices
OF speculative shares weak The rate Of in
lerest had increased 10 nine per cent, and
in some instances twelve was paid. 10 Gin.
cinnati the demand for money was active,
and there was pressure Tor loans which COM
PEELED the refusal OF good paper offered at ten per
cent. The banks of Chicago have for some time
been reporting close money market, and the
rate ointerest ruling at ten per cent. At Mil
waukee, and in nearly all other parts of the West,
money is difficult TO obtain, even upon the best
The operations at the sub Treasury to-day were
M follows
Receipts. So 49l 600
Payments ACKNOWLEDGEMENTS. 2C9 ,3sS
fa'ahce 900
The receipts Tor customs were $4,000.
Tie following amount Of subscriptions were
made TO the government lean
FOr hvetwerties( E<--,............... $500, $50
Deposeo cy asents ......'..''.......... i1s2,'Ao
ro,o, a, zoo 20
Temporary oan OBSERVATION-DISCLOSURES. iSicOo
Only about $40 ,000, 600 Of the fve.twenty loan
now remains. There is a rnmor that a combna.
lion of capitalists hes been formed for the pnrpose
Of taking the balance, provided Secretary Chase
viii allow the payments TO be made IN instruments,
under The idea that when il is all absorbed the
coupon bonds viii command premium Of Q to
per cent. We see 10 objection in allowing the
balance Of the loan TO be thus taken, because
few days would sufi TO gel the consent OF Con
gress TO add three hundred millions to IL, by which
the an,icipations OF tie combinations would be
frustrated, the government benefited, end the N
terests OF the people projected.
The project Of building railroad on the west
eide of the Hudson river has been again revived.
1t s now proposed TO leave The Erie Railroad al
Oxford and run along the valley of the Waikiki, 10y
Washnctonville, through CoideDham, Walden and
Kingston, 10 Albany. The route has been sur
yeyed, and it il announced that the farmers along
the line have agreed 10 subscribe literally 10 The
stock.
The Sus9uehanna and Wyoming Valley Railroad
and Coal Company have declared dividend OF
ten per cent, free Of government tax, payable on
and after the 2sth inst
The New York and New Haven Railroad Com
MANY have e.tare1 a div ,dend of three dollars
per share, payable ON and after the 10Th OF Feb
ruary, to which time after the 30tn inst the trans
Ter books will be closed.
The regular quarterly dividend Of three per cent
on the stock Of the Western Urion Telegraph
Company viii he paid on and after the 9th inst.
oy John HorDer, at the telegraph office, No ls5
Broadway.