MONEY MARKET.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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Monday, January 1875 p. M.
The Ohio Life. Insurance and Trust Company have
declared dividend OF per cent pay
on the goth inst


The Connecticut River Banking Company has de-
clared dividend Of three per cent for the last six months
payable demand.


The Protection Insurance Company Of Hartford, has
declared dividend payable demand.


The Ocean Insurance Company, Of Portland Me-
has declared scmiannual dividend Of five and half per
cent.


The Bank of Kentucky two per cent for the last six
months, payable to Eastern stockholders the 2Oh in
slant.


The Stock Market very fiat to-day and quotations
show further decline Stonington fell off per cent
Norwich and Worcester Long Island, /; Morris Ca
nal Il Farmers Loan Il Pennsylvania SIS ]. Kentucky
os, Mohawk, Ii Canton Co United States Bank, and
Ohio 6s closed Grm at Saturdays prices The
tons were qe la ge, and the sellers Of the
largest bes This looks bad for those interested in any
mprov in prices The sales to deliver made now
by ears the present prices will induce these opera
t.rs to continue depressing the market; that when
their contracts become duequotaons will rule below the
present point enabling them purchase the quantity they
want prices under those contracted 1t Is generally
considered very unfavorabe far prices
concerned. when the heaviest bears combine and be-
come large sellers Wall street bears generally
o the reatest experience IN stock operatops anu Wns
they sell heavily under depression like the present
is pra acie evidence that they look for Equals ahead
The state of commercial affairs generally shows that they
are not far out of the way Our money markets are in
very bad condon-captal and the rate OF in
terest daily advancing Out Of doors the rate
now is about one per cent month. The banks do not
let dollar 20 out under seven per cent The money
markets of Boston, Baltimore and Philadelphia very
tigh and the of interest out Of the banks as high





in SPECIE arrived here this morning from Philadelphia
The banks very much alarmed in relation to the
of specie, and govern Themselves according
ly in their operations. They afraid that any cxpan
sion may draw the precious metals from their vaults and
drain them of large portion Of their specie funds
They have, to certain extent suffered in this way al
ready. We q statement showing the condition Of
the banks Of this city according to the last official re-
ports compared with the estimated condition at pre-.
sent -