The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-23

The market for American has been very steady
with increasing demand The best class OF railroad
bonds have become scarce 81 has been paid for
Pennsy ivan Central first mortgage and 93 for the Sc
cond mortgage sterling bonds New York Central bonds
of all kinds are much wanted 90 has been freely given
for the per cent bonds 1876 and 81 for 1854 but
nj the close all these bonds rather more olerei Ill
shares have been wanted from "a Il to "a discount
but this morning the market was freely supphed at 80 US
count, they cose fiat In construction bonds little
doing Free lands have come TO market at "a, AMI the
demand being supplied they close latter ut abou- 90
Advces from Washington to-day leave little for
doubling the bill for the reissue of treasury notes will
become a law With this aid 1t TO be expected that
Mr. Cobb will be enabled to work his way through the
without requiring any loan. This supposes
that the imports VIII continue 10 increase and that there
will be in the and autumn no reaction from the
spring activity. The hopes of remodeled tariff, which 1t
time entertained by the friends Of the govern
ment now 10 have been abandoned the shortness
Of the time left for elaboration precludes the probability
Of members agreeing upon any compromise which could
be acceptable TO majority The amount OF treasury
now outstanding supposed TO amount TO about 81 $780,
600. OF these the notes bearing AZ and AZ are
current at discount OF 30 cents and bought at this
price by brokers, who sell them TO importers for
duties at n discount of % cents The new notes, it
may be presumed will all bear FIVE per cent
interest At less rate Of interest the
department would find 1t difficult get rid Of them aud
from Appearances government notes bearing
per cen, interest are not likely to fall much below par
within the next twelve months Should the country re
vive as rapidly as people expect II may be fairly
assumed that one half the amount authorized-which OF
will be $50 600 o0o-may be paid of in the course
Of the year lseo leaving a floating debt of an equal
amount for the following year.
There is no change money market Money is
very abundant among the brokers at a 5, and some
OF the banks are apparently endoavorng expand again
will be curious to compare, week, the statements
Of the loans Of each Of the large banks with those which
appeared this morning Discounts arc not yet done DO.
low six per cent though many expects relaxation In the
discount market Exchange for the Boston steamer closed
pretty firm at 1925 for bankers sterling the bust
ness being chiefly at the lower figure; and 512
Sis for francs free sales having been made at 513X
The supply of good mercantile bills fair.
The business at the Stock Exchange oday was very
limited in amount and as there WAS second board
many Of the brokers having military duties TO perform
the volume Of for the day unusually small State
stocks quiet at yesterdays quotations In the bond
market very little business indeed was done. Among the
speculative stocks the active was Rock Island which
touched 62 but rather checked in It's advance by the
operations OF the friends Of rise, who seemingly, do not