The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-19
FINANCIAL AND CONNER CIAL
THURSDAY, oct. ls-6 p. ,

THURSDAY, Oct. 1s-6 p. M.
The New York bids for ten millions Of the new
rublic loan, TO be awarded on Monday next, will
have 70 be sent in 70 the subTreasury here before
four p. NJ. on Saturday, and we therefore repub-
lsh for the information Of parties who propose to
bid the official notification from the Treasury Dc.
partmont-
Sealed proposals. viii be received nj ths department
until twelve O'Clock noon Monday the 22d day OF octo
Der for millions Of dollars Of stock Of the Uuites
saiee he suet uacer the OF Congress OF 22i
q June last authorizing loan and provdieg for the
demycn OF Treasury notes at which time tna proposals
viii be opened and decided Tie sto5s will be roim
Durable IN ten ysarr from The lst day Of January next
AND VIII bear interest a. I'VE per centum per annum, ray
able mtsnnusly 90 the bret day q January aud July
q each year
No csr vii be accepted below par, and none for any
fraction Of one thousand dollars Nor will any offer be
considered unss per cen,um 81 the thereof
poelted with depostAry Of tie United sstes sub
ec, The order Secretary OF Treasury Tue
certificate 81 such deposit accompany the proposals.
IN all the oarrs must be urcoaditirr. without
reference TO other oers and must sae tho rate Of pre-
The proposals Should be endorsei On the outside Pro-
posas for Lean Of $780, and be addressed 10 the
Secretary ~ the rrslsuEy, Washington, e."
The heat bidders under the foregoing conditions for
the sggftrate e. $40 900 COO, Will DC Immediately
Informed BY nal Of The acceptance Of their Offers and
hty NUT Ger ~ the amount - accepted, vita the pre-
MUM ttercou With The Treasurer Of the United States
Of Ire A.s siahi Treauser At BDsor, Nes York, Pha
dclpta, Charleston. New Oieats or St louis, be
fore the 22d day q November next should successful
botss Gcsrc deposit other points their wishes will
ho duy considered IN bong stated 20 this department.
Certificates q Inscribed stock Will be issrcd ia tums
not less than 81 oto each, 10 the successful bidders
TIER aserrs for TIC principal a. deoostod earring In
ersi o; the rate az ave re cenum from the Of such
dcItsi such stock viii be Transferable on the books
q Ire Treasury, sgreeaby 20 the regulations Of the de
raftntrt
should sry cf the soocersfal bidders require certificates
n stock wth II semi annual interest payabs
he,con rum The Let Of January pesi such certificates
si Be issued with such courors attached. n OF
II Geo tsch and such couroa stock instead OF being
Transferable tAa btoks g. the Treasury, may DO as
sfued nad transferred by the De vcry q the cefrlcairs
Toe Interest Tbs last named stock re- tic Of the
nrsi cay q espcs 70 The II u January sin be paid
tar, with whom ,hc principal was dep ,si,ed.
The preliminary q ccc per centum required upoa al
proposals uadcr this notice Will b. ncn3et In TIE deno
tile 81 principal and premium maic b. successful bidders
ard will y Immediately directed % DC returned 10 the
urtuccessfui bfdcrs. HOWELL coss,
Secretary q ne Treasury.
Had the bids been called for three weeks ago. 1t
Is likely that the whole loan could not have been
placed, a., az that time, money was worth 50 mu h
that u was no object e people y give par for 1--WE
per cent stock. Money has grown easicof late 10 =.
ever, and 4 1 probable that thc whole ten millions
viii be taken al from per 70 l0l. Treasury notes
falling due between 2id October ami 22i Novcm.
btr next viii be received 10 payment; Il i under.
stood that over seven millions Of notes mature
within that period: hence IL Is supposed That the
government viii not receive from the loan much
over two aad half millions in gold. Meanwhile
the sub.Iroasury balance l. running down, md II
the Congressional appropriations promise 10 come
MP TO the usual average, Mr. Cobb will have 10
call for tie remaining ten millions Of his loan be.
fore the Ath March.
Money confines quite easy. Dealers IN paper as.
sett that per cent Is I'll exceptional rate; but
we hear Of several names, very short bills going
at tina, sgure. and 81 Is now The generally re.
ooghizel rate for lolg paper Of Tie highest grade
Il1 brokers are over supplied ~ 6: the dulacss Of
the stock market has thrown q large amount OF
money ont o. employment. The SUB. Treasury re.
ccpts to-day we're tll3,9se, d which 900
were from customs; &c payments. s1ls,Gl0; the
tsl ice Tile evening ti4sO.l7a
IWesa czelarfe grows dullrr each suces. siyc
mal. 10 Gay tie rate i about IOg, l0r bank