The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-03-16
FINANCIAL AND COMMERCIAL.
TUESDAY, March tsp. N.

a.a % the successful bidders for the rena ming ALI
~ the loan of 1885, The paid into the Sub Tree ury
40 Ssy on this account SIT 106 &c. making TIE
amount paid THIS office about So $50 000 1t under
stood that some syna amounts, altogether falling short of
half million of dollars, have been paid at Washington,
Philadelphia and Boston. Nothing has been paid can
be paid, At San Francsco that though the delay for
the payments expired day. of about 81 800 900
sul remaDls unpaid II is understood that this sum forms
part Of To award of sweeny Rt;enhouse Company OF
Washing ton, who successful bidders for 10000
Of the loan Last week negotiation was Effected with
Iartesj here, by which of about 81 800 900,
account of these three millions, borrowed
he-vj and paid in. The balance, it is said, viii
30 called for by the Department, and paid by
sy5eeny, Rittenhouse & Co., when 1t is needed.
Tne operation has been naturally kept private pos
sibe; none Of the leading banking houses willing
confess that they had anything do with the matter
Should break out in Europe it Is not likely that the
delay VIII ne of any service to the tsrdy debtors.
The Bslak sment published this morning, and the
pay meats on account OF the loan, induced OF the
more beakers to call of their loans
thls mcrnipg, and 1uter thereby caused in the
money market Csn loans effected TO day Ave and
four per cent, (ar average being about g. The dis
count market has hardly felt the change yet; for
day or two II skkey that persons who compelled TO
SELL paper will be obliged submit a sacrifice The
activity in the market will, OF course, be only temporary
Ihe banks he'd twenty I'VE millions of specie aud
he not hSeis that for some months 70 comeunti the
srop bsgns 70 be moved, in faot-the specie ave
sege Fai much below this Egure. The late in
crease in loans has been chiefly owing to advances
made by the banks government securities which, in
case Of ncsd would be readily converted moaey,
That the imports will be large both this spring and this
fall quite certain but the necessities OF the government
such that ths disbursements CT the Treasury
nettv ey.eed Altogether
are administered with prudence, and accident occGrs
the Prospect &c that the specie will continue
throughout the TO DC srge, and that money will
continue 10 be cheap.
Exchange Europe continues very firm. The leading
drawer no net and other bankers lO9Gl a. Large
sales, however effected yesterday by American
banking house at 1o9, and the OF the public
tins supplied. The market has been dull to-day. Some
Bsece wAkCo TO i'll the steamer ouless than
ks generally expected The temptation ship specie
from New York, where s worth per cent, London,
where his worth only Is, is very great, with
exchange ~ no.
Stockr dull this morning, at, however, fraction
higher prices Each decline brings few small buyers,
Who though counterfeit the elect of gpecuators
who euy and sell thoueans Of shares day serve for
simoto cheek the downward tendency Of prices The
opnoss expressed frequently in this column appear
now 80 be generally entertained In the long run,
basineslcn the leading rarcais will improve, and prices
Of secfs will rise Blu. before this takes place we may
have long period Of dupess, with petty fluctuations Of
tTo c. three per cent either way. 1t is conceded ali
hands that the amount of outside buying very SMALL
and that 10 increase n be expected until after
sustained OF several days. Eut argu
men; for the tall is net the equally powerful argument
the other sde that the beers eager oversel
NE market that they create demand for stocks quite
IN rat nj nulNI 10
probably, troe a, which contracts outstanding
ssr the future delivery Of 70 900 New York Central,
lec0o Rock Island 10 900 Reading, 10 900 Gaena 5000
Michigan guaranteed, 5000 N gan Central and other
stocks in proportion, while often happens bear
contracts contemplate the delivery Of twice many
against decline it is quite strong enough man.a,n
Psces in the face Of very adverse circumstances So long,
fAdeed, as toar1fths Of the operators tie board
bears and sell whou. regard &c the Of on
sae Market To the short contracts that being
from TO day, there may perhaps be great
socss but quite that be serious
decline.
There change this morning in State or govern
neat stocks. Aisscuyis more active than usual.
I1nois Central bonds were a shade higher The stock
moderately active at yesterdays prices New York
Central COED request throughout the dag the aggre
gate business done very large the prices rather
higher al the close than at she opening The Western
shocks all toleraby active and prices as genera
Sule rather higher than yesterday Grease Land
GRAFT bonds continue 10 decline Pacific Mail opened to-
day lover than yesterday but higher at tie close.
Aner the second board there rather better feel
ing and stocks closed pretty firm, the following being the
kss p:ices-Tennessees, qos 9l Gissolrs, s5% s5z;
vTsEas, e7% %; Canton, 1917 20; Cumberland
2ss "a New York Central, 7ss& IL Erie, 11& Il5;
Harlem, II 12t4; Hudson, 81 = 3lH Reading 4sI
a. Michigan Central, 5iH y; Michigan Southern, Is
Is; DC. preferred, 46A 463S Panama, III a NIX;
Illinois Central, ss ss3s; Galena es& 6sA; feledo
261 e; Rock Island, 6ex 5e<; Pacific Mail Steam
snip Company, TX a775s.
The basiness of the sGb.Treas1ry bag been follows
Receipts. 1928 001 81
On acccnnt of loan Observation-Disclosures. III 7os Sd
~for asoo w
fEymeLt III ,52@ ~
The exchange the Bank Clearing Ho1se this morning
we're s21 $50 574 AZ, balances 81 s55 1852 49,
We read in :o.days Philadelphia Lsdger:--
The average weekly statement banks Of this city
Scr the week ending Saturday last presents he follow
ing results leading itens the follow ING changes
as compared With the previouG Week
Narch7. March IA.
Capital stock. 81 94ss ll,5S9,505 Irc 90
Losns......-... 28,7le,3sa 2s,es5,s73 Bee. $3.50
fpses s, :, Sss S9ss Las Ice
Due 10 other banks 3s54,99o 3s4i COS Dec. ID 1876
Deposits 16,s72,3es Is,7o4e4s Inc. Soesl
Circulation. 2,90l 1887 2,900,S92 Dec. 445
The most marked feature of this week satsusat
very large increase Of deposits being s33o6Sl
OF The Of the last previous week There very
slight movement in ce other items. The loans have de-
creased 1880 and the circulation Gas. The specie fur
ther increased Si9Ass.
The nuubers Of the California bonds upon which inte
by the STATE Treasurer are said to be 259 TO
2ss and 1880 to sss consecatively, in all 10000
500 900, some OF them being for 81 600 each.
The earnings Of the Central Railroad Company or View
Jersey for the month Of February, 1852 sos 800 90
For the same g.onth last year.......... 1853 Sd
decrease 30 per cent Is3 81
The following is comparative statement Of expor:s
exclusive of spOe from Nov York 10 foreign ports Cor
the week and since Jan. -
FOR the week. 81 $50 ,354 1505.9gs 49l-a3
Previously rep'isddd o44 9,st5le3 se358i5
Since Jan l... liz ,92l, 29s l4H,1ol to,43o34S