New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-01-11
SECOND BOARD,
=
-nIinois Central
uSfal GaCnnn
TnrKsnAY. Lan. 1O-r. "

THURSDAY, Jan. 1O-P. NJ.
Gold Is very fevcrish and closes at 1885, after selling
al 1870 1885,. The Rising Star, from Aspmwa brings
tS74,764 in treasure.
Government stocks are lower in sympathy with
the general share market and under the influence
short demand for money The share market has
been dropping all day. and it's only support has been
that given by purchasers to short sales Buying
for a rise has been reduced to a small amount. and
she investment demand for unproductive shares has
wholly ceased Cumberland Coal fell 8. per cent upon
sale of 100 shares, and order of p shares was
filled at 133 per cent decline. buyer at
60 may with certainty depend upon losing
$50 Der share: Western Union fell ?; MaripOsa l. do.
Preferred L.; Pacific Mail, 81 New-York Central, il;
Erie g.; Reading 81; Michigan Southern p; Illinois
Central IL Cleveland and Pittsburgh, Il North
Western 81; do. Preferred, %; Rock Island, i. and
Fort WAYNE H. After the call still lower rates were
accepted Erie touching CO.. At the Second Board
prices were firmer but later in the day lower quo
tations were made, and the market closed with
downward tendency as follows New-lork Central.
IG9g4lO9. Erie 60 3G2s; Reading. 1O4i 10i!; Mchi-
gan Southern. 793G79!; Cleveland and Pittsburgh,
69iQS93: Northwestern, 40s a4Ol; do. Preferred, hOs
ESQ.,; Rock Island, 10lsGlG2 Fort Wayne, 1879 lU2.
Money has been in active demand at per cent on
call and per cent extra paid III numerous cases
for accommodation over night. The market is very
sensitive and lenders with pOcketbOOks full OF
stocks local and national held collateral on loans
10 SPECTATORS DESTROYS Of reducing their loans,
but see no way to do it without causing decline,
which might leave them the owners of stocks now
held as collateral Ii rs a fact conceded in bankpU-
Iors that the loans weekly reported in danger
Gus degree upon mpToductiye railway shares, which,
under their present earnings, are upon the road TO
the prices paid before the trade of the country was
stimulated by the expenditures to suppress the Re
belhOn. Loans upon these securities while the mar
ket was advancing pleasant and profitable but
the return passage is not agreeable or safe Com
mercial paper sells at 7GS per cent, and frstclass
naJaes not abundant
The quotations OF Exchange are as fol
lows: London. 60 days, lC9!al093; bankers,
eght lCqsallO; Paris long BIG. short, $780,. Ant
werp, j20u517l; Swiss, 5.20a5.l7; Hamburg, %a ;
Amsterdam AZ; Frankfort, 4lsa4l.; Bremen, 49,;
Berlin. 72sa72l.
In Freiohts the engagements TO Liverpool are
1900 bush Oats on private terms 400 bales Cotton
at ID and 600 boxes Cheese at 20s. To London TO
hbds Tobacco at Dos. TO Bremen. 5000 bush. Rye
ut Old 200 bales Cotton at 3D., and $50 hhds Tobacco
at 22s Gd. 10 Rotterdam 80 cases Tobacco at 2Osr
10 hhds do at 3js. TO Hamburg, 200 hhds. Tobacco
at l5s.
The clause in the Banking law under which the
Controller Of the Currency intends 70 limit the use OF
compound notes Is as follows
Nor shan any Treasury note bearing interest issued
under tbs act " egdl tender in payment or redemption
Of any notes issued by any bank banking association
banker calculated or intended to circulate money
Compound DO.es under this clause can be used as
eTeserve for deposits, but not for reserve upon cir
UulatiOn.
The second weeks earnings of some of the West
srn roads are reported showing q small improve
ment in traffic so far freghts concerned but
the passenger receipts small and declining. The
report upon the street is that the Fort Wayne Co.
IL looking for 81 900 TO be used in construction for
which il proposes 10 sell bonds Ten per cent diy-
bends are not expected in 1867.
The Marietta and Cincinnati road earned the last
week IN December:
JsG5..... 81 1866 s32,IGG Increase s3l
An evening paper says:
The depression Of business in this city illustrated by
the important statement that one OF our heaviest ana
most prosperous firms, which paid tax upon scycIl
millions Of ncOme last year, viii this year be uhaDie 10
Pay single cent, owing 70 heavy losses ana gtheI uu
nes Of trade that reduced the receipts below the acudi
expenses.
These statements will surprise no one who has OBJ
ferVed the of trade since January, 1886. De
Ginning prlces and deferred payments from the inte-
I'o' aided by enormous rents and store expenses,
h4Ve united to make the year 1866 very unsatisfactory
10 traders throughout the Union.
Neihs cotton circular Of 28tb December gives tho
'oho"lhg estimate Of the receipts exports and stock
oi oolloh at all the ports for the week ending the
th Dec compared with those Of last year and those
!" the Iate crop year 1918 the total Of which crop
amounted TO 3,14,OOO bales