New-York daily tribune., 1866-02-22

Bv order OF the PcnnsylYanla NoHI NN'"f'''
about IL 600 tuns Of Pttston coal were SOFA az ac
ton this morning. The attendance was iaree' ouV
he prices realized were so low that considerable
quantity of the coal offered was WITHDRAWN.
Cbe.tnut. Sc 6etlGratc. ........s7 o0ds7 Cpl
Stove. - Steamboat" 3s 20 ~
| Egg .... . s7l Lump--.----. 2o0 ~
THE Cincinnati Commercioi Of Monday says:
| Tho 5isconnt demand for money is steady and M
changed in It's character with easy feeling among
bankers as to those customers wLo can assert positive
lajrns for fayOrs AS heretofore remaTked, bankers
can keep their so well employed N handing
securities 20 make high standard Of rates OF interest
Exchange is still more trm making necessary infiDer
shipments OF currency.
| TIE Chscago Tribune OF Monday says:
Business during last week interfered with TO
great extent nv tho weather in consequence OF which
the mails have been delayed relghts of all kinds has
b. kept back and the markets have ruled Dun and
heavy. The money market IS necessarily qulet out as
compared with the domGnd for culTeHcy the supply is
more ample and the market is considerably easier ihan
formerly: but the rates Of dscOGni are steady a the
banks az 10 q cent per annnm, and On We street HG%i
| 2 cent.
street spectators have been encouraging them
selves Of late with the idea that the decreased rail-
way business Of January was but temporary mat
tor, and that we should presently see q change for
the better The gains Of tho first week in February,
though not extending TO many of the roads, were
held up as proof Of this, and the bulls recovered
courage accordingly. The second week, reluctantly
reported show a largo decline; but this they Will
assert is il Consequence Of snow storms thus
holders and spectators for tho rise IN railway
stocks blindy shut their eyes 10 the facts ana de
ceiyng themselves, try az the came tine TO deceive
the public The reasons for anticipating through
the present year largo decrease Of business
on prominent railway lines are 100 well
founded 10 be thus easily disposed
Of These reasons We Lave given several times,
but they VIII bear repetition. First, then, We e4'
rect TO see diversion Of all business on East and
West lines, which in 1863 should have sought an
outlet by tho Mississippi Riyer-tut which from
the unsettled state of commerce upon that river,
came over these lines. Second, an almost entire
cessation of Government business, which durne
portion Of the year was large. These items alone
are enough to proyetho correctness OF our position,
| but it will be found in the Spring and Summer
months that we have not, as IN 1868, an exhausted
stock Of goods TO supply 10 the West, bnt Only the
natural reduction. Expecting closeof the war; ana
looking to great decline in goods, every prudent
merchant in the interior, as well as IN the east,
lowest point practicable, and upon the decline
when the Rebellion collapsed, tie rush to reiienlsh
was universal, importers ordered In wholesale
quantities our imports increased coHespondlneiy,
and our railways lines were crowded with freight.
No such movement wiz take place this year. II VIII
be simply 10 supply ordinary deficiencies This viii
prove to be very material item Of diminished rail-
way earnings. 40 plausible theories can s'and
against these broad and stalwart facts.
The next dclusion is, that If the gross
earnings Of railways decline, expenses VIII
decrease in corresponding ratio. When ve
ascertain, however, that during large portion OF
1865, railway iron ruled at prices from s. to $40 per
tun cheaper than 81 present ard that labor the last
10 yield 8 nearly as high as thon, We shan not
rive much consideration 10 this argument. If any
decline in expenses can be proved, 1t Will be moic
than made up b. the decreased rates Of doing bus'
ness, and it cen scarcely be doubted by any M
prejudiccl railway man, that net earnings Of raj
ways in 1865 wll be very much below those Of 1896.
The Pacific Mail ship Company has declared its
regular quarterly dividend, closing its transfers
tomorrow and rcopelng thcm March :. OF the
opposition line % California little has been heard
recently Tie leaders il the movement, with al
their experience, show a nat4fal hesitation in en-
lterirg the ls,s against the Pacific Company, which
lis able as it is ready TO defend ito route against
all comers.
The Grand Trunk Railway Company have issued
circular notifying the agents that in consequence
Of the abIogation Of The Reciprocity Treaty they
lave decided in the mean tine 10 give tie prefer
encc u the shipments Of az freight 4oT the United
States.
The Cleveland and Pittsburgh Railway canned il
January:
1866. &c 90 81 1895. sl73,556 &c Dec. si5J %
The Pennsylvania Coal Company report the ship
nents Of PittstoD coal as follows, 10 Feb II:
1880 70 s29s s23 10 Inc. s23 527 o.
Colcmals San Francisco Circular, dated Jan. %,
says:
The amount Of capital available for loan purposes is
accommodating and The tendency Of tue marke, Is 10 TO
TX circles and choice names arc freely taken at one
pr cent per month. Considerable transactions are
de, however, at II per cent In the open martet J..
Ior cent per month may be considered iI quotation
WEDSEsDAY Feb 2l NGG
ASHFS-There has been q moderate demand for both
nds aud ;rces well slsaiIed sales at 81 ~ fol
Iots, cud s. 5O0 sl2 for Pearls.
BEF SWAX-Y Yellow Western md Southern re.
mains firm. with fair business at 46047c.
;, cor FEE-Tere Is limited demand for all kinds,
Lut prices gene ally hrm We quote prime Rio al q
B2l ic.. Good It 20020;c.i Fair .e&eic.; Ordinary
Ia a 673c.; fair 10 good cargOes. ls02Dc. Java mats
and bags 2s42e!..; Maracaibo, 2la2Jic. Laguayra,
2ld29c. St. DoIaingo. l7t@l7ic., god, duty paid
| COiTON-rbe depianC is only moderate. but prices
are without change; sales Of 5Oc bales at <5a6c for
MiddIng+
!, COAL-The inc liry he's been moderate; the return
Of mild weather aud liberal arrivals give buyers the
Lad upaq