The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-31
FINANCIAL AND CONNER GAL.


TUESDAY, Jan. 30-6 p H.
The stock markct opened firm, became strong An'
continued to improve throughout the day ine v'~'.
appeared reluctant TO extend their line Oh SHUTS "
the face of the heavy decline which mas 'sAe" P'".'
during the month and the increasing disposition 10 guy
which is shovn and some of them endeavored 70 cover
lint par,allv desisted when they found quotations ad
vanoing upon them The prospect or new ana specinc
spa,ca hill being substituted by the committee Oh
wavs and Means for that introduced by Mr.. MOI
r,,l il disappointing 10 the operators for fall,
Who had relied upon the latter being fayoraby reported
10 the House Of Representatives by the Committee, In
which event SOM panic in Wall street was looked ior
The new bill which has been drawn up is understood to
limit the authority Of the Secretary Of the Treasury TO
funding of the floating debt excluding the privilege OF
creating fresh loans as proposed the original BILL The
clause relating to the negotiation OF foreign loan mas
been unanimously rejected by the Committee; which ex
cson together with other notifications OF Inc Dill
reported to have met with the concurrence Oh mr.
McCuloch.
At the early session Of the open board Erie sold at
SON x, Reading ss7s, Michigan Southern 6sH X,
Cleveland and Pittsburg SoH SO, Rock Island 9sz,
Northwestern 27, preferred "a, Schuylkill Coal TO- 81
49, At the first regular board the volume Of business
was moderately large and well distributed with special
activity in Cleveland and Pittsburg, which closed ~
Rock Island ~, New York Central u, Erie u,
Michigan Southern n Northwestern u, preferred u,
Ohio and Mississippi certificates H. Fort Wayne and
Quicksilver were steady. Government gold bearing
stocks were firm Coupon vetwentes Of the old issue
advanced q, ten-forties n seven-thirty notes were
steady h@
Compound interest notes were demand on the street
at tho following percentages Of premium, according
their date
June 1ss4.....zK prem Decembsr, 1854 * prem
o ostsss4 1884, so 4" Aug and Sept 90
AT the one o'clock session prices were 4 q lower,
but at half past two board there rmer Market
and Reading closed 4 higher than at the first regular
board Northwestern preferred e, Fort Wayne a. New
York Central and Quicksilver steady. Erie 4
lower, Michigan Southern u, Cleveland and Pitsburg
" Northwestern x, Rock Island q. Government Sc
curities continued to improve. Coupon fve-twenties
sold 4 higher than yesterday morning. seven-thirty
notes Of the series experienced further
Of d, third series u. y O.
At the open board at half past three the market
strong and prices per cent. Erie closed at
SIX, New York Central 90, Reading 99H, Michigan
Southern 1914, Cleveland and Pittsburg 81 u, Rock
Island 9oS, Northwestern 2Ss, preferred $685. Fort
Wayne 93X Afterwards, the street, the market
closed steady the prices quoted for Michigan Southern
Reading Rock Island New York Central and Cleveland
and Pttsbug; but, at hafpast Eve, Erie quoted at
sl,s Northwestern 2s1 4, preferred 65,S u, Fort
Wayne 93haX.
The money market continues favorable to an upward
turn of speculation the Stock Exchange and for want
OF more profitable employment large amounts are being
placed temporary deposit with the subTrcasury. The
receipts to-day under this head aggregated 81 1856 $685.
This however, was partly in consequence Of the an
that Of nj ON
and after the LIST proxmo will be reduced to FIVE per
cont The effect will be to cheaper money by diminish
ing government competition with the street and
iessening the Inducements TO place idle capital in
the SubTreasury, and 30 adding to its album
dance among bankers and brokers. Eoans on
Gall are made freely at a Q per cent, with the
supply Of funds In Of the demand which Is still
light The majority Of transactions at the hghe,
rate, but capital has been offered to-day in not few in
stances at i've per cent The discount line Is well sup
Piled and rates unaltered rst GLASS paper passing
freely at per cent. At Boston the money marke
continues well supplied with capital o. ~ a
Gold is strong under brisk demand for customs dutc
and prevailing Idea that in view OF the condition
the public finances II is cheap at current quotations
The supply 10 not abundant and loans made ut
per cent per day in favor Of the lender After opening
at l4ox the price advanced to 1A1H, but relapsed
H0k, and closed at 140H
Foreign exchange was nat the gold basis OF 1881
FOR bankers bills on England at sixty days souther
cotton bills were quoted at lo7k, commercial 107X
1o6k, francs BLK a 623k. The official return
the imports at this port for November last show
that they aggregated in value s27, 235 65l-a isrg,
total than for any previous month record, tn
value of those for the corresponding month of $50
having been only 5ea The imports for the eleve
months ending with November 1855, were however
valued at only $les 1874 800 against sos 100 6e2 Il
1854. The exports In November also showed a consid
cradle increase those Of the two previous years
their value for that month In 1885 having beei
81, 126 753 s2o473,699 in 1884 and $l7,292 $50 II
1853. The exports for the eleven months ending will
November 1865 aggregated $ls3 052 $40 in currency
value against SPAS 237 725 for the time In 1864
but In comparing these totals the altered premium
gold must be taken into consideration
Another meeting OF the stockholders Of the Columbian
Marine Insurance Company was held at the Exchang,
saIcsroom this afternoon when very unfavorabe report
Of the state OF the company's aas made by one oil
their number and the hopclessness OF any attempt nj
resrscitang the institution was madc manifest Its
finances appear 10 be In such unaccounable middle
that enc connected with II knows precisely how they
stand The officers OF tho company reported TO all
inqurcrs the day after the failure that were
large, but appears tina, they just the reverse
and million In cash turns 10 be an indenntei,
smaller amount, mostly in something else not clcarl,
explained The encouraging statements OF the director
made week ago likely, from present appearances
provoke censure, which might have been avoided. Tn,
meeting adjourned TIL Monday next at three p NJ
The Secretary Of the Treasury has instructed the As
sstant Treasurers 10 discontinue after the LIST OF Feb
ruary receiving deposits for temporary at six pei
cont interest They will hereafter receive such deposits
st hve per cent interest payable on ten days notice
after thirty days from date Of deposit
The exports, exclusive OF specie from the port Of New
York TO foreign ports during the week ending January &c
amounted In value 20 s3,i4o4 40.
Tho business at the Sub.rreasury to-day was as fol-
lows
IoteI rcccpts.' efo 1913
rayment7 ACKNOWLEDGEMENTS. 1852 ess