The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-10

ing s2cooco two hundred thousand doIlars) per month
SAID loan V Se redeemabie thirty four years Interest
rst day Of July Of each year, ii the treasury OF the
Ssso, In Richmond Proposals also invited Tor the
same e.a a. AZ or bper cent Federal starting, or oher
appropriate bonds VIII be ssued for the loan ~ paid IN
a The option OF the lender BY the constitution OF the
STATE and laws In pursuance thereof, sinking fund es
annually and the redemption Of the principal in thirty
fsuY years from the sue Of the bonds These
q law, the large ana increasing taxable Of the
STATE, and TAX LAWS, furnish the strongest possible assus
Of the safety and value Of The loan scaled pro-
peeals 70 Be addressed 70 the Board Of Pubs Works,
Richmond Virgins, }" and endorsed /" State Loan.n
The Cincinnati Gazette Of May 6 thus notices the
money and exchange market Of that city,
Currency continued close on Saturday. and tho money
market was oorrespondpgy stringent, but the demand
being only moderate there was NO pressure for loans and
the regular houses were able 70 take nearly all the good
paper offered by their customers Ut 10 IL cent The
market for Eastern exchange was somewhat unsettled
bankers checks having sold 81 from y 70 prem but
the feeling at she close was sner tnan on Friday The
which reduced their balances 70 moderate average In
the morning there indications of decline before tho
prices might be sustained another day or two. me scar
city Of currency however, requires close work win
many Of the Dealers and some OF the latter were gad
sell II prem while OF the houses bought freely u
~ and parties did not offer 90 4S. Upcc the
whole, the week closed with better supply relatively
WIN very limited supply. Baltimore capitalists have
been buying first GLASS 90 and 20 day paper, payable
New YORK. Al per cent. There ~ q great deal 0
idle money the Eastern seaboard and securities OF the
class purchased here not obainable at home at the
rates Our bankers take every thing In the shape
nrst class bills at equal 70 . per cent.
The New Orleans papers of May report on ex
change matters as follows:--
= The Increasing stringency in the London money
market and the steady advance In rates Of foreign
exchange II New York have caused uniformly active
demand for al classes Of bills here and prices steadily
ruled IN favor Of drawers Operations however, owing
10 the limited supply, exhibit material increase on pre-
vious weekly reports but rates OF a descriptions showed
. marked advance Clear sterling bills, lo6k loo and
lO9k. Bills with shipping documents attached los a106
and losh. Francs, @l2h Sis per dollar. Sixty day
bills on the Northern cities, and y per cent dis
court sight, y and y per cent premium. specse-
Receipts for the week comprise $500 from Havana 81 900
from Vera Cruz, 1000 from Galveston and 222 900
from Brazos Santiago; and thus far there have been
shipments entered for any destination. Rates OF all
clAes continue unchanged Mexican dollars which
have advanced Il per cent, owing 70 the upward
movement Of the Northern markets and 70 increased
demand for export TO Europe.
The earnings Of the Illinois Central for the first
week in May were:-
loo5 o<,so