The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-03-09
FINANCIAL AND CONNER lAL.


FINANCIAL AND COMMERCIAL.
.~~D>~--o~>~o0|No->~~~o~~
TUESDAY, March 6-8P.M
Tbis day week the last payment on account Of the
swenty million loan Of 1858 will have been made. The
amount due this morning about three millions Of dol
Aars Of which half million WAS this day paid into
ihe Sub Treasury in Wall street. Another half million
will II lie understood be paid by single party within
day or two Should other payments be made this week
n sum exceeding million will remain to be paid into the
Sub Treasury next Monday and Tuesday, the balance
being handed to the agent at San Fran
cisco. So well have the payments been timed, and SO
pressing the necessities Of the government that sum Oh
Ten millions WILL Tuesday next have been aostrac'ed
from the bank at this point since the ehd Oh
ary without causing any disturbance in the money mar
ket. The loan has had the effect merely OF warning the
banks against the danger of bank expansion and has
caused them TO curtal in due time.
Money is without change. Call loans continue 10
be offered at a Az, and first class paper iuc'
iuates from to s, according 10 date Very prime
short endorsed paper is done at 8. Exchange is still
FIRM, without change of moment. The bankers hed
this morning at 1898 q, and did fair business for
The Boston steamer.
The only interesting topic in Wall street is the rumor
that new rupture taken place between the four rail-
roads 10 the West II seems that Mr. Moran mas hred
off one his periodical threatening letters to his asso
ciates warning them that their continued inractions
Abe treaty October will compel the Erie TO pursue an
independent We have all along held that the CON-
pact cood not last II contrary TO the true princ
pies OF trade and the laws Of competition. Our readers
will not be surprised therefore, if they hear, when the
Presidents NEE. at Buffalo, the 10th ns that the
treaty has been abolished So far the stock market
ia concerned much Central and Hudson have been sold
the probable rupture that these stocks are quite as
likely to rise TO fall the To-day the rumors
undoubtedly exercised unfavorabe influence.
Stocks at the board this morning were lower, and weak
NJ the decline Some Of the parties who week ago were
operating for rise, appear TO have realized Having
made their profit, they helping prices down for
another heat The public, which few days ago showed
come faint symptoms Of willingness 10 speculate little
more has been thoroughly scared out of Wall street
by the reaction Of the past few days. So little spirit Of
speculation is anoat that the of favor
able statement and reports Of increased earnings on
the Western roads followed by decline in prices
No effort resist the downward tendency Of stocks was
made by the bulls. Some parcels OF stock were taken
quietly the lowest figures Of the day. but there was no
attempt to sustain the market, to buy publicly, or to
interfere with the operations OF the bears Tho
decline was general. The new government loan
fell of u per cent and Mssouris declined q per cent
New York Central which was inurousy affected by the
news of the rupture declined one per cent, and Erie
about as much. The Western shares we're equsly de-
pressed The decline in Rock Island is equal, since yes
terday, to 11S per cent in Gaenas, *; in Michigan
Southern preferred a. in Michigan Central l, in Illinois
Central Il Hudson River sympahised TO the extent Of
u per cent and Pacific Mail kept pace, declining per
cent, Altogether it has been blae day, and closes up
quito gloomly as IT began. The following the
closing prices Of the day-Missouris IS H; Canton,
19H 2o Cumberland, 2s2l 24i4 Pacific Mail, TAX
n New York Central, 7e56 y; Erie, GA q; Hudson,
81 y; Harlem, 1214 IL Reading, 49, 4; Michigan
Central, SIX a ~ Southern guaranteed, AK ,1z
Panama ll61s x; Illinois Central, $50 x; Galena
6eh q; Cleveland and Toledo, 263< 81; Chicago and
Rock Island, COZ q.
The business of the Sub.Treasury to-day was fol
lows
Receipts. .............s $500, 9s2 81
On account Of ioan....... 5i9,oio l!
" for duties OBSERVATION-DISCLOSURES. l!2,ooo 90
pInne SaSS9S o.
baIaIce. t,o+o,os4 u
The exchanges at the Bank Clearing House this morning
were $40 $50 $50 &C. and the balances 81 271 2sS 70
The Jefferson Insurance Company has declared a div
dend Of three dollars per SHARE payable on demand
We read In TO day q Philadelphia Ledger
The average weekly statement OF the banks Of this city,
lowing results The leading ITEMS and the folio wing
changes, as compared with the previous week
Capital stock 81 1% So q 1ss II 1854 sss4s5
Loans ......... 2e,5o9es7 26,7io3Sa Inc 400
spece....; 5i9s?2si 5's2SdIt Dec. 1921
Duo TO other banks 4,oss,55l S,s54eeo Dec. 2sl,sel
Deposits. ..... 16,Ol2,7S5 16,572,36S Inc. $4,000
Circulation, 2,77s252 2,9ol337 Inc. .t23,os3
Though these figures show small decrease Of specie,
he figures in all other s point to increased ease in
tie money market The loans have increased SOC 406,
the circulation sl23 ,os5 and the deposits s359eo3.
The following the earnings Of the Michigan Central
Railroad for February
Passengers, .s4s,o2s 70 si5,2ls IS
Miscellaneous. ............,... 5,Oes 81 $500 co
Total slo2 959 35 slo7, SOP 40
The following the February earnings Of the Little
Mani, Columbus and Xenia companies
February 1853. All 81
February 1885,. 1888 SO
Increase. ss4s3 60
In the above included the receipts OF the Dayton and
xena road, operated by these companies, those
ceipts for February amounting TO about "a, 900.
The following is comparative statement of the exports
Exclusive of SPECIFY from New York to foreign ports for
the week and since Jan. ] -
Total for the week.. 1891 20s $io74 1898 1854 2Oa
Previously reported. 1o,i4s,7S5 s,sio79s 745l,4 Ol
Since Jan. l.. .s11 ,o4o,si. ss,N5is3 $685. ,el5
We had occasion the other day the subject of
alleged reputation in Indiana. We have the follow
ing letter from Indianapolis which gives the Indiana view
Of the question:
To THE EDToR HERALD.
These are the facts in reference 10 the Canal bonds
Queston:n 1886 our Legislature authorized extensive
Bystem Of internal improvements and through its Fund
Commissioners borrowed large Of money, issuing
security for the leans about IS 900, 600 Of bonds
portion OF these bonds (much the largest called
ternal Improvement bonds while the others called
Wabash and Erie Canal bonds The internal Improvement