The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-03-12
FINANCIAL AND COMMERCIAL.
FRIDAY, March ll-6 p. u.

FRIDAY March ll-6P.M
Not the least important items Of the news brought py
the steamer at Halifax relate to the new loans OF Russia
ana Sardinia The latter ID said 10 have been taken oy
Paris banking house at co. the amount DO 600 iranc
or 0O0 and the interest I'VE per cent Inc NUS
sian loan only just announced. ia to be- rs sad,
s26 900 o0o and the Emperor's government IN treaty
with Rothschds for its negotiation That nrm now
negotiating the Austrian loan of oo which has
been put on the market at So the interest being as IN the
case O. Sardinia, five per cent. Another loan now
In the London MARKET and which 80 per cent
has been paid by the takers IL the new Chi
liam loan OF $76oO,000 Per- has also been in
the London market for some time She desires TO
consolidate her debit and to create new securities for an
amount which variousy stated from SIS, 900 600 to
OO0 in order to pay of the existing State bonds
Finally the government Of India wants to borrow
$50 900 900 to pay for the expenses Of the This
loan o course, and that of Russia, will command high
price Thus independently Of any portion of the United
States loan Of 1858 which may be sent abroad tho people
Of Europe expected lend the governments, this
spring. about hundred and thirty millions of dollars,
for Of which they win get about six cent on
their actual investment while for the other third they
will get from four to Ave. Tho fact conclusive against
any revival this spring Of European investments IN Amer
securities the Europeans will lend at home is fur
Their instructive, sho wing how fairly American
credit stands at 1.-THE present time Notwithstanding
the systematic efforts made by the bulk of the jour
nails of Europe to traduce the United States and msrepre
their institutions, and Notwithstanding the close
alliance between the dynastes and the financial mgnates
Of Europe 10 pretty clear that with the exception Of
Great Britain herself, European nation can sell her
bonds to Europeans dear as this country can.
The bulk of the meney thus TO be raised will be ex
pended it is probable in unproductve ways. Much will
be SPENT both by Sardinia and Austria, III works of fort
lcation, which yield revenue. Russia may spend
large her railways; but still the possibility Of
renders large expenditure necessary for the maintenance
Of the army and many of the millions she going to bor
may be used to pay idle and unproducve soldiers The
Indian loan of COURSE will to pay the expenses Of the
rebellion aroused by the msgovernment Of the company
Temporarily all this money will do good, by giving
ploymen to the idle and feeding hungry mouths, but in
the long viii be found that most OF the $3.50 900
will have been wasted
The credit of the city of New York. IL seems docs not
stand quite high that Of the general government
To day. at two p. NJ the proposals opened at the
City Hall for s30s 400 Of the Central Park Fund sto,k
bearing six per interest annually. The total amount
of bids s965 0o0 The highest bid s10 So for the
share Of $780, The lowest par. The following table
will show the number Of bids the amounts and the
| of the success full bdders:-
PROPOSALS RECEIVED AT CoMPRoILER's OFFICE, MARCH
II, 1852 FOR $30S AGO. Six PER CENT CENTRAL PARK FUND
AuN,rr Dx-.r~