The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-23

WEDNESDAY. Feb. %. 1860.

WEDNESDAY, Feb. %, 1860.
The Treasury drafts on the Subtle asury at this
point begin to come in freely. Half million in
com was paid to one bank this morning, and the
total disbursements of the day amounted to over
s650,0OO. few Of the heaviest creditors of the
Post ONCE Department are being paid. AS, how.
ever, the total Indebtedness exceeds ten millions,
the Sub-Treasury balance will continue to run down
for some time to come.
contrary TO general expectation there has been,
thus far, no material relaxation in the rates of mo-
ney. AT the discount houses six is still the minimum
rate for the best short paper and several bankers
are lending large sums on call at the same figure.
This stiffness cannot we'll last; the additional
strength which the banks are acquiring
viii be sure to tempt some of them into the market
as lenders, and rates must decline. Reports of
business are, latterly, more favorable from the
importers and jobbers, so that there will be fair
amount OF paper made this season, and this may
tend to impart tone to the market; but it is very
doubtful whether business can be active enough
this spring to afford employment. at the legal rate
of interest, for the capital seeking temporary in
vestment In Wall street.
There is nothing doing in foreign bills, as usual
on Wednesday, when the steamer sails from
Boston. Bankers are confident that the recent ad-
vance will be maintained.
The stock market is dull, and prices are shade
| lower. good many parties who bought Pacific
Mail during the late inbrogio are realizing their
profits. The price opened OF 913, declined per
cent, and closed 9l4 bid against 9l9 at the close
yesterday. Central was also lower. This was the
opening day, and there were some rumors that the
bears would be caught; but it seems they had pro-
vided themselves in advance, and there was no
great demand for cash stock. The price
fell Off to 7l3, closing III bid, against
III at the close yesterday. There was
very little done in State stocks, which were
firmly maiutained-or in the Western shares which
gave way fraction, from sympathy with Central
and Pacific Mail. The efforts of the bear jobbers
to depress prices continue to be violent; sudden
advance would gravey nvalidate good many ex-
isting contracts. This afternoon the market wa,
active on Central, but quiet on other descriptions,
and stocks closed dull at the following quotations.
Virginia 6's 92t 90; Missouri s's, sOl Canton
Company, III 4; Cumberland Coal ISL Z; Pa
cifc Mail 9ls q /; New YORK Central, 7lg a Il Erie,
81 81; Hudson River, 40l Z; Harlem, % q /; do.
preferred, 50 Z; Reading, 404 3; Michigan Cen
trail, 37l 4; Michigan Southern and Northern In
diana, 81 J; do. guaranteed, l.A a 4; Panama,
134t ]; Illinois Central, 56l 4; Galena and Chi
cago, 57l !; Cleveland and Toledo 10 /; Chica-
60 and Rock Island GO! 6; Illinois Central, SO J.
The business of the Sub. Treasury to.d day was as
follows
Iotai receipts. 90
Total nsams soeoo 90
lo!ai pay nents.. 651 ,2oS 66
baiance. g, 333, lib 10
The exchanges at the Bank Clearing House this
morning were $21 ,43l ,512 10, and the balances
81 ,9l5 &C.
The following shows the condition of the banks
Of the four leading cities of the Union, according
to the latest weekly statements at hand