New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-01-25

Dry Goods ...;:... sLo43 rs eSasSos ssso4sss
Total for the week. s2,Hoe.o e26sasls sesso GO
Prev. reported..... 543l.51 2032e2l 6s67. les
Since January L.. &7.s42ss4 s46osaa6 elsal7e7l
Tae Chicago Tribune says Of Saturdays bust
ness: l-f gr sfl -, trr... afr3r.r.
The money market during the week ending to-day
has been active and close, bnt Ae suppl has been
greater than dining last week. and less sringency has
been experienced by the business public than formerly
AZ evidence Of this note an advance In Eastern
excba e.. which last week sold at discount and
this week closes firm at par buying and lilo premium
seng--with sales among bankers At l-20 premium.
There is 10 change in the rates of discount. The
banks are accommodating their best customers at 10
per cent per annum but street rates are rn at
per cent per month
| The Times asks: 1'
rs New.York Central embarrassed in It's finances
been compelled 10 draw upon Its previous large sur
plus OF o., 500. 900 70 make ont its divideDdsf"
| The New-York Central, completed road, in It's
last fiscal year increased Its bonded debts 4l6 0l
and its stock $2e5000; together, 81 62l ,l0l, and
could have made no dividends without borrowing.
Its surplus of o. 300 600 is not Invisible assets,
as The Times well knows. The Company upon Its
annual statements steadily falls in value, and with
good reason In 1858 the earnings were o. 707 ,34S
and from IL per cent dividends were made. In
1865 the earnings were Al3,975.524, and the dvi-
dends only per cent. Continuing in this prosperous
way, how long will it take to make the stock equal
to q 7.30 motel .eIs- -...,. rr-rr e
HAS Fort wayne, for example, which was deemed
cheap by The Tibsas In December at lof failed In its
JaDoary dividend. failed to appropriate ont Of the
net earnings Of 1865 large in addition to the 10
per cent paid TO- the stockholde' 70 new construction
| and equipmentT 10 r.-- ..
If The Times win ask at tho proper quarter 1t
viii find that the Fort Wayne in the year 1866 has
not only appropriated earnings to new work but has
sold about all the new stock It has power to ISSUE
aud 30 with othor rosds. Tho Cleveland and Pitts-
Iburgh In the year paid but four per cent, and did
that by selling 3d. 100000 Of stock at sacrifice Of
$20o, 900. Within few weeks the North Western
Road has defaulted its preferred stool, and wiped
out the unfortunate holders Of the old Galena Road
The Michigan Southern Company has gone to sleep
upon its common stock, and does not promise to
wake soon. The Erie Road is growing in Its cost
faster than when IL was building originally, and
its dividends have been added to its cost All their
borrowing and all their sacrifices have only been
recently known outside Of the directors room, and
have their effect,
Again 1t says: r...-
1.-THE short sellers appeared TO be competing with
singular to add they were most eager TO sell theoest
stock like Reading which has the singular fortune not
TO be charged with falling ofin traffic"
A little inquiry would probably show that
Reading fell under sales by parties "entitled to
know" what the directors were doing, and who
pitched their stock overheard In disgust upon being
refused. TEE TRIBUNE difere materially With The
Times in it's valuation Of National local securities
and is content to remain in opposition 80 long as
II fairly represents public opinion and the record
of the Stock Exchange"
The Michigan Southern Road shows, on the third
week of January, q decrease Of ~, and the
detroit and Milwaukee loss Of $3.50. The South
ern earnings were 900 against $4,000, which
was the light week of the season.
The London letter Of The Commercial OF Jan.
(Spectator) says; ~
The new year has opened In the London money mar
ket under circumstances that have spread dismsy
discount which raised to per cent the 2sth Of
December has been further advanced TO per cent?
|, 6cient 10 bring about . reaction. such . re.
anticipating the possibility. but not the .proba.
great development Of public work. a hone-or London
Is almost undergoing ACKNOWLEDGEMENTS been among
the Of TIE absorption Of capital thst he's created
this pressure; but IL h not believed to have been the
principal one An impression has gained ground that
The shipments If manufactured goods to New York
have lately been Of a reckless description and that
credits have been granted to many firms on your
aide who do not occupy q position TO justify
liz It win DO Of immediate Importance 10 the
, sound portion Of your community to ascertain
, how far th,s may have been the case. and the
extent TO which II 10 still going on. Such o system
must necessarily tend TO cause speculative lions
OF goods in the American markets. which VIII ulti.
mately be forced of upon any terms obtanabe. and
thus leopard the interests Of all regular importers
IL any case We cannot look nS early return Of
modeiste rates IN the London discount market For
months past the of discount in France has
been per cent lower than In England and latterls
course Attracted large amounts OF French capital 10
our side and this created heavy debt. which win
hang over our exchanged for somo time. The funds
now lower than ct any time with eIcepiios) during
the lsst 10 years. and foreign and speculative secur
ties are also ruinousiy Depressed Nevertheless the
revenue receipts are Increasingly favorable. and nj
though In April last the Chancellor Of the Exchequer
was able to taxa of &50 900 sterling Of annual tax
alton the prospect is thar In April next he VIII again
Wheat has been dull at occasional reduction The
cotton aeket hiss also been checked BY the bank move
meuts
The Cotton Circular Of ". P. Wright says:
Our market has declined, from the prices quoted In
nv last two cents y No. and closes depressed Holders
maintain their position euaeionsy and refuse all offers
because prolonged to later date than predicted.
more marked cessation IN receipts. 0imats the
sales at bales; the export during the
ltime has been--Io Liverpool. lO66l; Hamburg go;
Havre, 7s7. Total Il, 2ts bales
| telaoram from San Francisco dated Jsnu6ry L.