New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-01-26


tificates 1, Cumberland Coal and Pacific and Allan
tic Mail each per cent Western Union Telegraph T.
Quicksilver q, Mariposa !, do Preferred 81, Canton
Co. 1, NewYork Central !, Erie g. selling during the
day at 3d. a further fall of 2 per cent; Reading T.
Michigan Southern 3, Illinois Central 2, Cleveland
and Pittsburgh 2i Northwestern Al, do. Pre-
ferred 1s, selling as low during the morning as 55
Cleveland and Toledo I, Rock Island IL, Fort Wayne
:, and Toledo and Wabash l. Michigan Central rose
per cent After the call the market rallied, under
large purchases by the bears and statements that
the contraction of legal tenders was to be stopped
The "pOo in Erie" has ended without profit to its
orginatOrs. leading outside broker who has been
a heavy buyer for the pool, unable to make the
preliminary deposit demanded by the seller, and O
large amount of the stock was sold for account of the
broker and his principals At the Second Board,
prices were generally higher, and good deal
of buying done for an upward turn by parties
supplied with fresh money from outside the usual
circle of operators. New Tennessee IS rose per
cent Ohio Certificates I, Canton Co. 2, Western
Union II, Quicksilver %, MaripOsa 1, and the Pre-
ferred 81, Atlantic Mail l, New-fork Central "a,
Erie II, Erie Preferred /, Reading u, Michigan
Southern q, Cleveland and Pittsburgh 2, North
Western o. North Western Preferred Al, Cleveland
and Toledo o. Rock Island II, and Fort Wayne II.
Late in the day the market was off again, but closed
steady at 57a5S for Erie 94t for Fort Wayne 20 for
Michigan Southern, and 50 for Cleveland and Pitts
burgh The market is so feverish that no quotations
are Trustworthy beyond the moment they are made.
Money is per cent among brokers, and paid freely.
There has been much disturbance in loans and at the
close of the day accounts were made up with diff
Guilty in many cases. Certified checks have been
demanded in very large number of instances, and
from houses of high credit, by parties delivering
stocks. Congress will render valuable service to
the legitimate business of Ncw-York if it would
promptly amend the Banking law and prohibit abb
solutely the certificaton of checks The system OF
certificaon is abuse peculiar to New-lork city,
and is practced mainly in the interest of spectators
who by are gaining facilities far in excess OF what
they are entitled to upon their credit or capital The
use of certified checks makes daily addition TO the
volume Of currency, which can be spared with adj
vantage to all solvent people Payment of checks IN
money would be troublesome to the banks and limit
business in some quarters burt the financial condition
Of the city would be sounder than upon the present
mode of proceeding In commercial paper change;
best bills pass at Ia S per cent.
Exchange is firm. We quote: London, 60 days
lOqlalO9.; sight, llOa 1lOs Paris, long, 516iG5.b
short 5I39 G512l; Antwerp, 5.17lG515; Swiss, 511i
a5I5; Hamburg, 3Gla3Gs Amsterdam, 41sG4lf;
Frankfort 4lldHi; Bremen 793d79i; Berlin, 7239
~.
Frcighis are firmer The engagements TO Liverpool
are 1900 bushels Wheat Mt ID; 1900 bushels Barley
AZ cd and 2OO bales Cotton at Ill. To London, l2OOO
bushels Barley at Cd, and 5000 bushels Oats at I'D
The following prices were bid for City Bank shares
to-day: Mcchanic3, III; America, 1905 Phenix, %;
Tradesnen's, 142.; Seventh Ward National, 10;
State Of Ncw-York. lO6; Commerce, III; American
Exchange, ll5s; Chatham, 40; Republic ZIG; Bank
of North America. 107; Hanover l0Ss; Irving lO2;
Metropolitan l23 Shoe and Leather, 10; Corn Ex-
change, 49, Continental, 100; ~. Nicholas, 1OG;
Fonrth National 100; Oriental Bank, $50.
The Troy Wig states that surveys for the proposed
new Hudson River, or West Side Railroad, running
from Albany to IIoboken. are nearly completed, and
arrangements are being perfected for commencing
the work AZ soon as the frost is out Of the ground
The CLieaqo Republican Of Tuesday evening says:
The money market to-day without material change
Currency j. stll very close aud deposits are light but
there f. less pressure han formerly ana e strlngehe
The bank rate steady at 10 per cent per an
nun hat street rates range nom La per cent per
month Mortgage loans steady at salO per cent per
annun The market for Eastern exchange is still very
firm and rates have upward tendency but there i no
auotable change Round lots were sold among bankers
at par and counter rates ruled steady at lOal0 dis
count buy ing aud l200l1O premium selling.
The total taxable property In California, rs shown by
tho report the for the current year,
j. about Se0@oOo. which is gain OF svo00 over te
previous year. The largest increase In any one county
Buttc-amOuuting ~ S2,lO,WN-Dtcaise OF lIt
construction Of the Mnrysville Railroad Nevada County
with gain of Sl0O0Oo because ~ the deyeE
opinent OF the quartz interest at Grass valley san
Joaquin added SO 20 her wealth by the Development
OF agriculture aud the copper trade.
HowEs & MACY. BANKERS, No. 80 Wall-st., New
York tFomcrly officers Of the Park Bank -Four per
cent interest allowed on deposit
The business Of this house Is the same an IncOrpO
rated Bank.
PERSONS KEEPING AccoUSrs may DEPosrr and DRAW
n they please and will be allowed userest their daily
balance at per cent
COLLECTIONS made any part OF the United States or
Canada
Orders for the PURCHASE or SALE OF the various Gov
eminent and other stocks, Bonds aud Gold, promptly
executed Tor the usual commission