The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-25
FINANCIAL AND COMMERCIAL


THURSDAY, Feb. 24-G r. NJ.
By the arrival Of the steamship Canada Halifax we
have weeks later from Europe. The news s on
the whole, favorable though just before the steamer
sailed warke rumors were again a1oat and much
prevailed. Napoleon speech opening of the
Chambers pacific, consequence OF which this funds
the French rentes and cotton all improved The closing
quotations were 95H for consols-an improvement OF
68 for the rentes-an Improvement OF per cent from
the last quotations by the Africa The advance in cotton
u per 10. Sardinia was, however in the market for
fifty million loan and preparations for continue
TO be made in France extended scale. Notwith
standing these symptoms Of future trouble the
fail 70 be regarded better than generally ex
pected
But working days remain TO the Congress Of the
United States and nothing has yet been settled in ree
renee to the two leading questions Of the dayhe tariff
and the finances OF the government understood that
there will be strong effort made presently 70 get bill
through both houses authorizing the Secretary of the
Treasury to reissue twenty millions OF Treasury notes
and it is generally seded that, if this be
comes law the Secretary will not urge any requests for
further financial aid in the shape of funded loan But
whether the effort TO reissue the treasury notes will
coed, what rate of interest they will bear whether the
scheme Of ten million loan has been wholly aban-
doned by the Senators who understood TO be we'd
dec TO II, above all, what TO be done with the ar-a
these questions involved in doubt and uncer-
taDiy. 10 The great annoyance and injury of the nan
oial and commercial community Merchants are
gravely embarrassed in relation TO the proposed
changes in the tariff. Those who have goods
in warehouse cannot tell whether is for their interest TO
sell to bold Those who would be importing at this
decide whether it safe to send orders
Country dealers tell whether they had better exc
cute their purchases once wait week. AT latest ad
Wa tiath
Senate would pass bill revving the last tariff suspend
ing the present one bu the action of the House cannot
possibly be predicted Tie chances appear 10 be-oon
siderpg the few working days efl-that nothing will be
done The Treasury Note and Loan questions though
interesting 10 merchants, Of great Importance to the
moneyed world The outstanding Notes must In any event
be provided for and IT, at the last moment Congress in
iactous SPIRIT should refuse pass either bill auho
rzDg their bill authorizing loan to pay them
off, the President would Of call extra session.
The sbilty that a loan may, at the last moment,
be authorized, tends to keep the money market 10 4
ieverish condition. We showed come time since
that loans will shortly be needed by several
States OF the Union-such New York, Penusylva.
pia and Missouri--to say nothing Of the necesstee
Of the younger members of the coniederacy IT. in a.
ZION TO this, the general government Ieappears D y
market as borrower, the consequences will be very b.
only the boders Of the loan OF 1855 10 the
ban.Dg nteresi generally. And as the Senate Is likely
TO pass bill authorizing loan Of thirty millions for
Cuba whie tile Increasing activity IN the money mark
justhes appreh, Dson that money may 10 ouch
point that the bulk of the duties may be paid into
Custom House in the shape Of Treasury notes. the pro
pect Is not distant enough 10 be disregarded.
Money continues 10 rule at "A a for call loans, with
fair supply, arising as before from a scanty demau
The banks are not hndng easy to their with
out reducing their rates Of discount but safely managed
Institutions will resist the temptation their
osns Ia exchange there little nothing doing, and
rates are unchanged.
The payments into the Sub Treasury day very
light for the present the OF goods seems 70 have
stopped, and no one 10 in hurry pay up the amou1t
due the loan. We may take this opportunity of co
Iectipg which prevail in some quarters
with regard 70 the balance Of the loan Some persons
10 think that the successful bidders whose domic
outside this city will necessarily pay the Sub Urea
sury or oepositary nearest their home-tbat Sweeney
RtteDhouse Co.. for instance, will pay their three mil
lions Washington These persons forget that all Wash
ington does contain three millions Of gold All or
nearly all the payments account Of the oaa Will be
made here wherever The bidders reside. The Sub rrea
sury report for the day is ms follows
,yID IL