New-York daily tribune., 1866-01-13


mercial paper sells at 40 for best and lo0lo per
cent for second grades. Long engagements are not
in favor, and more attention is paid to safety than
high interest.
Exchange is steady under the English news, but
not dearer. Bankers Sterling GU days, losi d lo9
Bankers Sterling, days, 10; Commercial, lOs9
1881; Francs, long date, 5.l7l 05l5; Francs short
date, 5.l3; 05l2,
Breadstufs are quoted lower for all descriptions.
Pork is higher and Beef steady
Freights arc dull. The engagements to Liver
pool are 200 bales Of Cotton at 3d. and IA 900 bush
els Of Corn at 4d
The business of the Sub-Treasury was: Receipts,
81, ,llO 45--for Customs, $3il 900; Payments,
$36S, 800 23-on account of Loan, $50l 600; Bal
ancc, $7f,O5slG5 70. Coin Certificates $S3G,62O.
| By the Scotia, on the 29th ult., at the Lon
don Stock Exchange there was fall in American
Securities in consequence Of the advance Of the rate
of interest from to per cent. Five-Twentiesfeil
to Gil, closing at 65; Illinois at IS; Eric at 569.
Consols closed at 81 aS71.
w. A. Kissam, esq, has resigned the cashiership
of the Shoe and Leather Bank TO take effect on the
|
| of the bank since its organization in 1852.
The Lafayette Fire Insurance Company has de-
clared dividend Of percent, free OF Government
tax. The Delaware and Hudson Canal Company
has declared a semi-annual dividend Of per cent.
The Manhattan Insurance Company has declared a
dividend of 10 per cent. The Rutgers Fire Insur-
ance Company has declared dividend Of 5 per
cent.
The decline in gold is mainly attributed to the
measures proposed by Secretary McCulloch, intro
duced in Congress. These measures contemplate
the issue of bonds bearing respectively interest at
5 and per cent both principal and interest paya-
bic in coin. The interest on bonds at per cent is
payable in Europe, and both issues are to fund the
floating debt of the United States. The intention
of the Secretary is undoubtedly to dispose Of the
s per cent bonds in Europe for coin, at price
which will realize par in currency, md it is this
very practicable idea which disturbs the gold specu.
lators. Such loan, principal and interest payable
in coin, would be very attractive in Europe,
and its successful negotiation to the extent
Of few hundred millions wonld do more toward
reducing the valuation Of gold in this country than
anything which has been projected since the teImi-
nation of civil war; 1t is highly probable that
the Secretary could obtain very large amountoi
European capital in this way, and it is safe to pre-
dict that success in such direction would quickly
bring gold down TO 100. With coin Or its equiva.
lent to be drawn from Europe at the option of the
Secretary, who would be bold enough to speculate
against the currency and hold gold in the face OF
an inevitable decline With the reduced valuation
7 L., h. 10
measure, the Secretary takes long stride
toward an early resumption Of specie payments, and
at the same time compels lower valuation OF
articles of consumption, much to the relief of the
masses of the people, Some disturbance may be
loceasioDed among the spectators in Beef, Pork,
Flour and Grain, and some reduction may be made
in the dividends of manufacturing companies. Pos
siby too, we may have lower prices in the stock
market, but the aggregate advantages are so much
greater to the people than continuance Of present
valuations, not to say extortions, that we should
! heartily welcome the promised relief.
There were rlmors of failures late in the day. II,
firm Of c. II. Carr & Co. has not suspended, ant
will have, after settling all claims against them,
balance to the credit of the member who 80 sud
denly disappeared. One house is reported as hav
ing given check for $lG0, 600, for which it had nc
funds of bank.
The sign of Ketchum, Son e. Co. has finally dis
appeared from Exchangeplacc, and it is understood
that the senior member Of the firm, SO long leader
in the financial affairs of New-York, will make no
attempt TO resume business.
The Commercial Adrertiser, noticing the forma-
tion of the Mexican Mining and Colonization So
|
| TIE Company has been organized under the auspices
Of the American Trading Company, No. 60 Brozdw ay,
and the whole Of that portion Of Lower California
comprised between $40 Of north latitude on the north
and 24o V OF north latitude the south together with
all sounds BAYS. hasbors islands and fisheries within
said limits This large tract Of valuable mineral and
agricultural country was granted TO Jacob T. Lecse,
esq of California. by the Republican Government of
Mexico and has been transferred by lin to the Mexican
Mining and Colonization Company. TheCompary pro-
pose TO organize there an extensive colony OF Amer'
can citizens, with which, We understand. sew.
eral prominent citizens and esteemed generals will be
identified. In respect to minerals. and espcc y the
precious metals the territory is one OF the st in
Mexico but its development has hitherto been retarded
by the hostility Of tue Indians 10 settlers The climate
salnbrions ard the soil in many parts remarkably
fertile producing cotton and tropical fruits in abnnd
ance. Its pearl fisheries also offer important
Of wealth The grant conveys 20 the Company the
troll of the Bay Of Magdaena which, in certain even.u
aLtes might become very important naval post. The
stick of the Company is offered at 500 Jcr share and
will shortly be called at the regular stock board. The
enterprise is OF nbLsual magnitude and importance
and appears likely 10 attract Iluch pnb!ic notice.
The movement of Dry Goods at this port for the
past week has been as fclows
! ENTERED FOR CONSUMPTION.
| Manuf Of Pkgs. Value MaHgf. IF Pkgs. Valne.
Wool .... 952 a43i, $50 ,Fiax.......l,.a e297 IA
Cotton. ..... 1,l79 35001e Miscellan's GA 2i or
| Silk .... 3so 449O0jl -
Total. q. .7ss, SIS
WITHDRAWALS
MannC Of Pigs Valne. danU Of Pigs. Vsluc.
Wool. ..... 6s6 &Jio GIG Flax Goo 2Ot ls9
Cotton. 7Js 239. 42O Msceians. -21l 1A3