The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-03
NEW YORK HERALD. THURSDAY. JANUARY g. 1857
FINANCIAL AND COMMERCIAL.


I FINANCIAL AND CONNER lAL.
WEDNESDAY, Jan. 2-6PM
The new year opens on duh but promising market
for stcks and an easy for money per cent.
with exceptions at 81 <. The lull which Immediately
precedas and follows the holidays Is still felt, but IL
INNS, very soon give pare to activity, and the dispo
s,;ion OF the street, alike with that Of tho outside
public Is 70 bay the speculative securities which
arc looked upon as being unduly depressed in view
OF their real value and the present and prospective
condition Of monetary affairs
The disbursement Of large amount OF dividends aud
tho stocks OF banks and and other
companies a. well States. commenced at this
to day. the effect Of which has vet been felt and
tho 10Th the interest the third series
Of the seveuhirty loan will fall due These payments
will release currency present held out Of circulation
and thereby contribute greatly TO produce monetary
here Al the time the ORA In OF currency from the
West will contribute 10 swell the volume Of loanable
funds and the return food OF currency from the South
must shortly sst IN. The dividends and interest TO Be
disbursed In various parts Of the country will not b
without favorable infuenco a tho country bankers
will thereby BE- induced increase their balances here
The amount Of interest 10 b dsbursed In Boston this
month l. estimated II nom nins 70 ten mions ana in
this city the estimates vary from ten 70 fifteen mlona
exclusive Of the government psymente
Al the ten O'clock open board the market firm bus
rather dull Erie sold a SIX, Michigan Southern
e3H, Norhwesssrn g. preferred saa, Nariposa pre-
eFred S2 Al the Gss regular beard the transsction9
modsfste scale and although there an sb
sence OF tuoyaucy IN railway shares the tone Of the
market was steady. New York Central closed 2sS
higher than at the same time on Monday, Erie e,
Michigan Southern f. Illinois Central ~ Cleveland
and Pittsburg r. Cleveland and Toledo =. Rock Island
c/ Tnlnf la Waho
and Western e, Mariposa preferred q, western Union
Telegraph Il Fort Wayne was 4 lower Canton x.
Pacific Mail was active and advanced to 17s,s
The first steamer q the new China Mns Of this
rany was advertised 10 leave San Fncsco yesterday,
and this extsnson BY Improving The prospects OF the
conpar is ros wishoug ikvotsose influence upon the
price Of the Government securities inactive
Coupon hvetweusies o. lSes advanced Il, but seven
thirty Of the the ht and second series declined ~
Missouri State SKIES TX higher At the o'clock
open board there material change prices the
speculative temper New York Central sold at 1929
x; Erie. e7x X; Reading los . ,o0&; Michigan
Southern, san; Rock Island, 1o4 Fort Wayne, 1851;
Cleveland and ptsburg sof 9o Cleveland and Toledo
125 126k; Northwestern, l5,s--pfeferred, s2;s 81
Canton, 49k; Atlantic Mail 1Os &. 81. Union Navga-
ton, lo7x e; Western Union Telegraph, 47s.; Cum
bertrand, 90. ceasT
Al the halfpass two regular board The market was
generally firm, although fcw Of the railroad stocks
showed trd!ng decline New York Central closed y
lower than the first regular board Erie =, Reading
Il, Cleveland and Pttsburg l. Rock Island Z. Pacific
Mail 4, Canton r. Er!s preferred wss Y higher.
Michigan Southern 4 Illnsls csnira! " Cleveland and
Toledo e. Northwestern ,s-rrsferrsd r.. Fort Wayne
T. Toledo. Wabash aud we-.esa 4, Ohio and Missile
sipp; certificates q. Government: securities wers ne
ai-ctet. coupon Of 1894 erspseA, which sold ut
1854 Subsequently Erie weakened 70 s5s and the rest
Of market experienced Fractional decline aympa-
tbeiieaiy A hafpast Ave- however tho Market cloeeA
Steady at the foilowag quotatious:New York Central
ilsx III Era osx X; Reading, 1o4S ~; cls<ssnd
AMI P!sharg, SOL Northwestern, l5ii s.--pgsfssred,
say assk: Rock Is.sud 1881 aloS; Fort wsyne, los
1884,. Compound Interest notes quoted under
ny the dos!ers:-June. 1854. liak; October, l4t AZ;
December, 1854 III May 1895, 1Hs VI; August.
10 floi.: September. loels *.
We ebssrvc thar Mr. Oakley gave notice 10 the Assem-.
bly, At Albany to-day Of bin to regulate Tie ratss Of
rsosh, the Ha-'cia sud Hudson R!yor railways,
which has tne appearances cr being what q commonly
called job. the coupling of the two roads r view Of
their single management being somewhat sIglncan. II
Is Noticeable In this connection that the stock OF The
Hudson River Railroad declined 10 las a. The second
hoard this afternoon. although sold 1877 At lhs nrst
board on Saturday.
Tho gold market has been e,iv.y stssiy. The oysuin9
pr.c- Was 1924, followed by decline TO tScsS, and
recovery 1897: oil three O'Clock. Afterwards. how
erer there respss AMI the closing quotation was
1875; 81. Therc brisk borrosng delSzrd for
coin and loans made withou. inlere. AMI Al Ia2
I 10 Ter cent per d!eui In favor o. the lender.
The disbursement Of the January coin interest the
national deb; commenced to-day, and IL r. estimated
thai ,we millions and half Of ,hs total ~ so,o9 aio
sili no paid In Boston. telegram FROM washlns'ou
ANNOUNCES thai tbs Committee OF Ways and Means viii
se ar he su,ec. of tho Treasury gold sa.ss Mon.
~ uex, ana will probably report in favor Of The Pablo
,le q whatever gold the Treasury has 70 sell na., g
anicrstcod that the Secretary Of Vie Iarurs sfrsaa
ous5 Ob,scs q pubic s.ss, wh.ll, however conssen,
WIN a's rrsvioas ss', eNy = :; ;cceua.sd fo' by
/, consideration Of tie ms.igss wh,os inspired The
-ecret sales We trust ,ha, Congress will not only
explicitly prohibit all re. sales Of tie Treasury
gold la falare but specify tho maximum amount TO be
sod por monta aud me .eng Of notice NJ such sale
which = 20 be gwen; ard further advise similar
legislation with regard to purchases ana sales OF the
;1lia sacuriliss. nils. together with repeal " the
prssens law authorizing the contraction Of Uni.ei States
ncss ., rate no. exceeding foas millions par month,
viii exert res,s.vus eT,ct upon the public
Mid AMI Tie com asrciai conh,rny viii no
lsnuer sard ia dread Of . stab In the dark.
Bu What IL even more Indispensable than thess
to The welfare OF The cornty Is reduction Of tax
ai;n which present heavy 10 I've drag upon
enterprise and consequently Incubus on national
proygoss. as~a4 -
TIE foreign syo,lanse mako, IS nrn, aud there 4
dsposticp 90 hs par. OF lcrns brokers 10 advance ths
rs,cs cy Sterling Bankers bills on England AZ sxty
digs eyc quoted At tho close a 1924 1925 at three
DAYS Ito ii0s{; commercial bills los 100; France,
o, rxy days, I5r S 20f.; AZ three days. s1sisG
5isr bis on Berlin, ~ !!li; on Bremen. 7sx 20;
or Frankfort. a. itS, on Amstcrdam, Az
az, ON Hamburg, ss< ssss; cp Antwerp, 5.l5.
5lci. ST.
American Securities Arm IN the London meFkes -
! TIC Snhlcnsi quotations sbov - - ErFyTsE
q .a1- .AsI1.-I Zss 70, D.e n Jan 4
United States 6vstwsu,iss.siG 7lI 7sI.