The New York Herald Newspaper, January 18, 1866, Page 2

2 FINANCIAL AND COMMERCIAL. | 2 test othe t-rmanc today pm, Wnpvespay, Jan, 17—6 P. M, The stock marcet opened firm this morning at an advance upon the dosing quotations of lastevening. At the early session of the open board Michigan Southern ‘and Cleveland and Fittsburg were the most active and buoyant of the railway shares, the former selling at 70, and the latter at 787%. Erie closed at 92%, Reading 1025, New York Centml 94, Fort Wayne 96, Schuylkill Goal 15%{. At the first regular board the market opened strong, but weakened a fraction as the call progressed. ‘New York Central closed % higher than at the half-past two board yesterday, Erie {, Hudson River 34, Reading 34, Michigan Southern 34, Cleveland and Pittsburg 3, Cumberland 3. Fort Wayne was % lower. Rock Island and Northwestern were steady. Government securities were dull. Coupon ten-forties and sixes of 1881 declined 34. Seven-thirty notes of each series ad- vanced 36. At the one o’clock sessions the market was firm on a portion of the list, but a shade lower on the rest, Michi- gan Southern closed on the call at 70, Cleveland and Pitsburg 7934. Schuylkill Coal was active, and sold up to 16. At the half-past two board the market was dull and heavy. Reading closed 3 lower than at the first regular board, Michigan Southern %, Northwestern 4, preferred %, Cleveland and Pittsburg 3, Rock Island %, Fort Wayne %. Government secunties were quiet. Sixes of 1881 recovered 34. Seven-thirty notes of the third sories declined 3. At the open board at half-past three prices were a frac- tion higher than at the close of the previous board, but the volume of business was light, the chief activity being still confined to Michigan Southern and Cleveland and Pittsburg. The latter closed on the call at 78%, and the former 6934; New York Central 9334, Hudson River 104%, Northwestern 81%, preferred 57%, Fort Wayne 9434, Schuylkill Coal 15%, Erie 92%. The Erie Com- pany has declared @ semi annual dividend of 33¢ per cent on its preferred stock, and four per cent on its common stock, both payable, less the tax, on February 5. The market on the street closed firm. At half-past five o'clock Cleveland and Pittsburg was quoted at 79 a 4, Michigan Southern at 605; a %, Eric 925;, New York Central 9834 a 4, Reading 102, Northwestern 31%, Fort ‘Wayne 95. Money continues largely in excess of the demand, and although the banks, trust companies and similar institu- tions have fixed their rate at six per cent, the private bankers and brokers find it difficult to loan their surplus funds at five, and hence in some instances balances are loaned at four per cent, The discount line is unchanged, In the West the money market is still close. On Monday the national banks at Chicago had to pay three quarters of a million, for which the Trea- sury drew upon them # few days previously, and. this increased the stringency in certain quarters temporarily; but on the whole there was less Pressure. The rate of discount at the banks was steady at ten per cent per annum, and the market for Eastern exchange was heavy at} a1-1U discount buying, and at par selling. At Cincinnati on the same day exchange on the East was firm, at par buying, and 1-10 premium selling, and greater ease was reported in the money market. Although there bas been a drain of currency westward for about three weeks it has not been at all folt here, the amount of money having steadily increased both in the banks and Sub-Treasury at this centre, tho balance in the latter this evening being $86,143,175, The gold market shows increasing firmness under a moderately full demand for customs duties, and the natural tendency of the premium to rise after every Peried of depression. The opening price was 13954, fol- lowed by an advance to 14034, a subsequent relapse to 189%, and an improvement to 1403; but at the close of ‘Dusiness the quotation was 139%, Loans were gen- erally made at five per cont, in favor of the lender. Foreign exchange was dull at yesterday’s figures. Bankers’ sterling at sixty days is qroted at 108% a %, but some of the leading drawers ask 109. Sbort sight bills'are 110a 3{. Southern bankers’ bills are in Detter supply, and sold at 108% a 11-16th. Commercial bills range froth 107%{ to 1083¢. The exports are just now heavier than usual, the value of those from this port for the week just ended having been $5,003,593 in currency, while the imports were valued, for the same time, at only $3,871,851 in Petroleum stocks were firm. At the second board Bennehoff Run was active and cloged at $18 95, Buchanan Farm 76c., Bradley 60c., Fee Simple 23¢., First National 45c., Pithole Creek $1170. Tho business in other min- ing stocks is increasing, and Consolidated Gregory sold at $14, Gunnell Gold $1 20, Smith and Parmalee $6 60, Wallkill $1 35, We see it is reported from Washington that the Com- mittee on Banking and Currency have agreed to report against all petitions asking for a repeal of the law im- Posing @ tax of ten per cent om State bank circulation. This was to be expected; but the tax will probably be Temoved or modified at some future time, when the Chase-National system has foundered in some sea of commercial bankruptcy that may overtake the country. Meanwhile the national system is all pervad- ing, and the State banks are sunk in comparative oblivion, #0 that their circulation con~'\utes a mere drop in the reat bucket of our paper money. Whenever we resume Specie payments there will be a sad want of gold among ‘the national banks. Opinions were a little more divided to-day than yester- day on the Stock Exchange as to the future course of the market, but they will preponderate in favor of a rise, and this tendency is strengthened by the current earnings of not a few of the principal railroads, including Erie, which are considerably larger than they were at the same time last year, although others show a falling off. The radical bears are somewhat discomfited by the opposition which is being developed to Mr. Morrili’s new finance bill, the passage of which they discounted as far as possible last week. Their secret belief 1s that even if Congress passed it in itg original form the Secretary of the Treasury would be unable to avail himself of its authority to any mate- rial extent consistently with the interests of the country, but they openly say he would negotiate foreign loans to an immense amount, withdraw the currency from cirou- lation; and resume specie payments, bankrupting the nancial and = =mercantile community of jum ©: course in the ordeal, bat exerting a salutary a Magee agg effect gpon the country, The absurdity of this is appa- Tent enough, but that grave apprehensions have been aroused by some of the provisions of tho bill is certain. Its most objectionable feature is that creating a dis- tnctly foreign stock, the interest of whieh is to be paid in the coin of the country where it happens to be held. Thus the Treasury Department would require to have agencies in England, France, Germany, and possibly the kingdom of Siam and the em- piro af Japan, to disburse this interest, At the same time, too, the foreign mart which is now open to our bonds would be shut off by this competition for foreign favor, and possibly a return of the old bonds in- duced. This last is the chief danger attonding our debt, being largely held abroad; for it may at some time happen that we shall be drained of our gold to pay for these bonds, and it is a eettled fact that the more our public debt is hold at home, and consequently the less it is held absoad, the eafer and the better it ia Wo observe that the question of the constitutionality of the government dealing in foreign exchange has been raised among members of Congress, and it is clear that there is nothing in the con- stitution authorizing such @ procedure, and practically it would be productive of far more evil than it could ‘possibly be of good, besides placing us in & dependent attitad® towards countries whose hostility towards the United States was but ill-concealed during the whole course of the rebellion, A foreign loan is, however, on purely financial grounds, to be con- demnod, and Mr. McCulloch will probably recognize this view ofthe case. With an internal revenue aggregating one hundred and seventy-nine and « half millions from the end of June last to the 13th toast, and a prospect of the receipts for the full fecal year reaching three bun- dred mitliions, thore is nothing to jastify a foreign loan, and the people, we are sure, have no desire that the United States should hawk its bonds through Europe, If Eurdpe wants our securities lot it send here and buy them tp the open market. The New York exports, exclusive of specie, for the week onfling January 16 and since the beginning of the year compare as follows :—~ u =. _ gasntes Brsciotiny reporiea:. *T1e008 “eeeeis “Aoor cet | Binoe January....,.64,300,053 $4,502,644 “a ,096, 180 } tae Now York importa compare as follows:— / 1006. 1968, 1808. | Ba ScPeeraasdias "a soles feosast “ieee | qotat for the week..$5,481,064 $3,002,621 $8,671,801 Pince January / A 5,001,606 $2,092,821 $0,867,188 ] NEW YORK HERALD, THURSDAY, JANUARY 18, 1866. ceed oer 16 seas Pee Saar nea to Total receipts. .. $3) fully invited 5 3 leaelphe > coe a aged 50 years. : or Phage Postponed. Brg Fremler (Br) Deine, Balance, For customs. hed (Br) Port au Prit » cottom, £2 sccoust of government loss. COURT OF GENERAL SESSIONS. this do Frines, Paz Colm cortificates........... 2 "ean; “¥ ae coffee, £2, 10 Brett, Hon & Go. Has days Before Judge Russel. The Phenix Fire Insurance Company have declared @ pect Islands), Emery, ¥ som!-annual dividend of eight per cent, froo of tax. on a hs dbaad baat: ey Bd bar _ ven wn Prgms a) i nado ‘Siar toot snd ples ‘The Hae deveny Conteel ‘Railroad sad Tremporielioe | Rarane 9 108 2 man, who is charged with ‘the homicide of Daniel Mo- | 27e'reonectfully pong Lg tain Seolland (of Barbedoe), Crowell, Grand Turk, TE Sanaane hare Senet Seem-annual dividend of five | 11%c. to ae Donald, on the morning of the Tth of November, ab a ‘atvernoon, | ¢ Genith, ote bouts Per cent, free of tax. liquor saloon kept by Michael Fay, 720 Second avenue. | ®! one o'clock. ml, Fie of Biosbieny reise 18 argument counsel for the prisoner that Jon: awe the construction and operation of «road to connect the ned flows bites Mages, aged 15 Bottom Tbottous ‘about 30 Goodman, being followed into the room by McDonald, im fait ly i who was & powerful and muscular man, on being at- Fanny Foulkes, Sw: ol 7s, cotton, tacked and choked, protected his person, which he had 4 afternoon, nd rosin to masier. Has had very heavy weather; split aright to do, He claimed o verdict of manslaughter, or ‘of | Brig ingy Cobb, Duncan, Fort Boyul, 30 days, cotion, te ‘York, with a capital stook of $130,000. ‘The road will be aire Lisele Samson, Goodwin, Wilmington. almost an air-line between the two points, ten and a Brig Anna D Torrey, Haskins, Richmond, Va, 13 daye, with half miles tu length, of romerkabty easy greden, and Brig Roamer, Crabtree, Norfolk, 11 days, with wood, te will be built of the broad gauge, to conform to the Erie. = sare ‘The construction of this road will open up the richest Mabert Lawrenes: bound & village of Montgomery, Orange county, New York, with the Ere Railway, at Goshen, was organized on the 2d of January, 1866, under the general act of the State of New 5 section of Orange county to easy access from New York ite al o'clock. Nyeather saw a sche Bt Barnegat % B Dewolf & Has. ‘weather; locating tho line. 4 b \boom, gua Muller & Wilkins sold to-day at auction-— ar By rr, 61 shares Exchange Fire Insurance Company. 443¢ i Forty: ; lost gore ‘and split Masia ane Seo eet , ioe al bx cr ne $40 Columbian Marine Insurance scrip, 1868... 18° limes, 0G Wessels. Had heavy wresthery Woot masa EC Howard, Bi: Galveston, 90 days, with est Mae Ta tn ot ts, tm to jen pee j ¥ with cotton condition of the leading items of the Philadelphia banks is preg ‘oto sogpa! Crowther, Mobile, 26 days, is PEABODY. at 2 h Lar Wumingion, 13 days for the past and previous week :— ry Pr Commissioner Stillman took evidence yesterday re- Roscommon please 4 x] oe og $46,774,160 947,350,426 | SPecting the charge mado against Captain Enoch Pea- i. od 82 yours. pont eares Wm _" a 230320 riaeras i med pth ad \ ; partial 1-08 atay, January 16, Dt, Howmora Bohr Virginia. + i 267, wounded, and infiicted crue! and unusual punishment on pneumo} fy year age, = 36,618,004 4,947,600 | ‘amos Richards, one of the eeamon on board that vessel, the Panne relatives and friends of the family, also the Mar Behe 1867, The following shows the business of the Philadelphia | 19 the — hed beara tg rvesdunieye Mids eh The La scharch, flud- | chr 4. Farsonm Vig Cloaring House for the week ending Monday, January | Liverpool to Now rosters sae a eee a, Wiliains, Washington, 15, 1860:— by Mr, Bell, and ex-Judge Beebo defended Captain Pea- f. Schr Annie J Russell, Hutehing, days meer eALER January 8 0,281,406 $431,838 EXAMINATION OF LEVI GOX, ONE OP THK SEAMEN, _hangers-on, A igen to attend the funeral of our brother, errill, | Steamship Moravian, for Liverpool. January 9. oe Pan Levi Cox sworn—I was a seaman before the mast on . nb} ae coer i er iker oan cone 5 10, 6,611; ¥ eptue; Peabod: Tov 0 ° Sanuary 11 : argisi:|: 0 Melo Nevtane; b Aaew Ceplele me See ene we ; Out farther potios, By order ofthe W.P. Marine Disasters. January 396,713 | Captain of the Noptuno; I know Amos H. Richards, who pda rl ‘Tytxwn,—On Tuesday, January 16, Lous Truxe, aged | Scar Many & Apatinn, Davis, sailed hence for Obines- January 13, 432,133 | was one of the seamen; I'saw a diMlcalty between the reporter > | 88 years, 5 months and 17 days. teague 8th inst, in ballast, reporte—Bame night took a heavy —— sacimoon pedo Richards two or Secs aecvas tae; the y used, 7 Er coh pitt oon Vina the fran of ~ gale from NN, scoompanied with snow storms, whea the TOtAl. 0. eeseeeeeee $35,619,000 01! first whon we were coming down the channel; we were upon by a jury, as there Assembly D:sti Juion Association respect gale 4 tothe north, blowing fearfully; carried away Counterfolt ton do'lar bills on the Fall Rigor Bank of | then about flve days ‘out, fromm Laveen, Ag well a8 1 | was much to be sald on a eideg ot the question. fay ied Gossett his inte Weidtonhs a ieee the mainmast, split rudder head, stove boat, split sails, and Massachusetts are in circulation, They are Intended to | 1 do not’ romomber tly the day of the month | 4 HOUSE BREAKER SENT TO THE STATE PRISON FOR | gtroct. lenked so badly as to make {t necessary to abendon ber, represent the genuine note, but the paper has an oily ap- poy Bk Liver 5 oe td sockann | & a Cee Seaily iler tig TEN Aeterna sg oi tag ann mommbers. of Dirigo oes, mee ween “, Were taken off by the bark Hannibal, Capt Hawkins, an@ er wi captain was iy fore mas; Ric! indicted yu io gree, e fraternity neral are in’ bi cht hfs t iterday. The M&A 132 tons tear agente sists Norge tage Was at the pumps, and hedid pot, as the capeata thought, | pleadnd guilty to che second. grado of tbat offence,” On | funeral of our lave brother Lo.da y'er, from the lodge | prousht 1 (ls port Yentorday, The bi & A, wa I ons og socom to be pumping high or fast enough; the captain he night of Tne 20th of Decembor he entered the dwell- | room, Odd Fellows’ Hall, this (Thursday) morning, at b a. cm of ‘this olty. Supposed inaured, New York Stock maphenes. went through the eailorg at the pump with a belaying | ing house of Ambrose Wood, 36 Fourth avenue, by break. | half-past eleven o'clock. A psatygsd A faxany 17, 1868 | pin, and then struck one and then another; he put alarge | ing apane of glasa. » Mr. Wood bapponed to be up at tho ALEXANDER A. GILCHREST, W. M. Soum Anna Ettganera, from Arecibo for Baltimore, a» ?IRST SESSION—10:30 A. ma. scar on Richards" forehéad and. two scaré on his head; | time, and scoing a portion of the priaoner’s body inthe | Herr 8. Jax secretary, rived at Fortress Monroe Lith inst, badly disabled. $1500 U8 6's,'S1,cou 104, 20s Del & HadCl 135 | Richards was nearly oresy for day or ew; T cate an window he gave the alarm, and the burxiar was arrested | Tucarson.—in Brooklyn, on Wednesday, January 17, jieppact thie alee y Richards on ce ards. LARRIET Thi MPSON, ace trosaal in passing sentence, remarked that ‘The friends of the family are requested to attend the Since 1863 we have given a monthly report of disaaters re Smith belonged to a gang of desperate ‘men who should | funeral, from her late residence, No. 194 Fulton ported as occurring in the vicinity of Nassau, Bahamas be punished with severity. Hesenteaced him to the State | on Friday afternoon, at one k, During the war, when our coasting trade was cut off, the Prison for ten years, ‘THEBAULT.—At ‘n Island, on essdeg, Perial 16, og on the partof the one in order to prove A BATCH OF THIRVES BENT TO BING SINO PRISON. Freperick A, THEBavtt, in the 48th year of his '8,5-20, 0°65. 102 yt akg ; RR ir. Beebo held that the efidavit charged only one par. Q toby Mr, Beebe, Mr. Boll submitted that ho hada right to show othor A number of prisoners who joe guilty during the | a.ond thefuneral, on this (Thursda} 8, 10-400. 93 & of ticular wtatutable offence, and the inquiry ehould be say part of tho wy Lape up for heaton, o'clock, from the Lucravian churol, 2 n Island, with- | part of 1865 was about in the same ratio; but the cessation of 93: Wed 9 Bitty stuns ilr ted Son aatth forty aotlae tiie Car he notre sosoph out further notice. Carriages will bo in waiting at Van- | the war, the redpeningof the coasting trade, in addition re asked the Commissione! LZ MM | the disastrous character of the latter months of the yeas, peed derbilt landing, for the twelve o'clock noon boat froi paid Whitebat 1e0 J. Walien, who picaded guilty to an Stigma to steal four i i, Sosopt ene Philadelphia papers pleaso 07, on ity hundred dollars from ‘Brown, James Wheeler, Series 98% be, Commisstoner—Tho aiidavit charges only one Besssek 5000U86's, lyr cor,mi 98% 83 93 the.Commissto! that who was charged with attempting to ateal a bale of cot- r In Brooklya, on ay, Jan 15, Taos, 000 Olio 6's, 1870., | 93 0 93% a oe ho had | (on from John Sexton, were cach sentenced to the State Va aatite of England, mB) pee 2000 Ii con bis, 79 96 62 93 ee ae ae ee loaded | , Thefriouds and relatives of the family; also the mem- 6000 Ind war loun fadaon RiverRR 1063, Francis, Marmond and George Stand’, who Plesded | bors of Corinthiau Lodge, No. 486, F. A. i., aro rospoct- Beading RR... 103 poate pig phon e were sen! fully invited to attend the funcral, from’his late rosi- 5 Feison for two yearn, dence, Tenth sirvet Third avenue, Brooklyn, on Friday afternovn, aus sen The are respeottuily invited to meet at’ their lodge Gibson Buildings, om afternoon, twelve o'clock, to attend «hi Thomas B. Watson. The members of the fraternity Brookiyn are algo a i pEEE peypgeeeescesy ge ste ook place a a Soe ies rae mas oh ion tes x win, sB, Sn 90 Reseten fon of the bride’a fathor, by the Bapuau, of New York city, to Heary Speer, Kaq., of ry 4 t ‘THIRD BESSION—2:30 P. i i g #8 ait ile fy HEE s88z ist i ef if ae ‘[ gege8ebiusadase #2 gees; Beegy ge fire a # 4 il S8sssss8s i He i iis CITY COMMERCIAL REPORT. g Af i ad ia Wepsmapar, Jan. 17-6 P.M. | Stier 1M Son weey ew Asuzs-—Recoipts, 11 packages. The market continued | goa nad ti 7 dull and prices were entirely nominal. Whea the was under. "Wednesday, Cenomag | Bauapetvrrs.—Receipts, 4,707 bbls. flour, 3,000 bags peng upce Bich. by the Most Rev. Arcnblehop OY, Steamship sens (en hee anh Tlvergoet via Queens* corn meal, 2,660 bushels wheat, 15,500 do, corn, 16,000 | * The my 4 bree pearl “Sieamehip Sworrs Castle, i which ' do. oats, and 4,200 do, malt, The demand for State and rataville and St. Louis papers please copy. | toa & Co. Adama, Havane—Spoftord, Tiles | {7.1% TaruPetaiee culos toe, Western flour was somewhat better and prices ruled to p ————— Steamanio Tag. Merrill New Orioans—D N Carrington. | South; bare Solon, Shaw. do ot ” considerable extent in sellers’ favor, and the market 4 7 ‘ well & Sey atone: E Syn adda — omy ‘the end i} closed firm at an Improvement of Sc. « 10c. per bbl. on 4 65 yours, Steamship Chesapeake, Johnson, Portand—ii B Crom. | this pasa ers pee pena all brands, but mainly on sound low grades. The sales ye | weave.” om ces tie i Gre. Vga, do; Wrattinaa, neignmahip Mary Sanford, Sherwood, Boston—Whitney @ | 40; comprised 9,000 bbis. at our revised quotations sub- Joined. Southern flour was in fair demand and prices were tending upWard. The sales reached 600 bbls. Canada flour was hominally 6c. higher with a moderato demand, principally for the under qualities, The sales were 360 bbis, Rye flour was inactive and nominally un- ch Corn meal was without special change e were firm. We quote:— japerfine and Western four.... Extra state Choice Stat Common to ne ras ie oe Berm so aes BSS SP oS Shan 0 PR, Dectoein - y ron Nore port brig J T Abbott'(Br), Allen, U SUPERIOR COCKT—TRIAL TERM, Before Judge Jouos, The libel suit of McCabe against Cauldwell & Whitacy was continued yesterday, but very little testimony of aay Iinportance was produced. ‘Tho first witness was Miss Annie Melvor, who testified that the afleged libellous article was substantially a cor- * rect statement of hor evidence before the Grand Jury of A . ag hs Kad oy! & port north of Hadson county, except as to the fact that sho was a a Mb, . Passed two bound SW. c Se Shke Bntst tag jndt, Savannah Jan 18, with cotton ; ; Dyer, low scholar of the Hedding Mothodist Church Sunda; notice. gen: sont ted, Posiand PE eae which she stated war not fact; that she ves . tooo ‘pa ‘thoorash Sig Buhaw, hease fat ian ati fing "partion. sn. Steams; , ‘anny q with fon Hain Pos Tis brig Joba Good ( with cargo of peeseese HatSStaneS sesssesesss Rye flour (si Corn SSRVESSSSESSES ZBe o 283! i f Hy z di +H f 3 u »F ae #53; 5? id ; fi i $54. HE oF #8 if 5 a BEE 8. Th a . HG sg See Fy HI! ki i . vie On er. Dect tat Se tom have had very heavy. ve." A “i i uP HI Fal 5 i ta. nei NYork; John Philsdeiphia Sia ain, wohr Jule (Bry ews bain reg em in portechr Northern Light (Beh, E ra Maule til Fs Mr. Huntley excepted to the ruling, and the i tion of Mi vor ‘was proceeded with. On ber ere 5 Ht ‘teary ree wears Hlantiey, and det Mn, 19 days, with eot- Had heay the entire fost, Int h I gt sift! i ee pan kina Crichton, New Haven te load for pi dimes & Ch a abo. ”y