The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-04
FINANCIAL AND COMMERCIAL


FRIDAY, May SEP. N.
Alarre number Of mercantile notes mature to-
day and TO morrow and NOR failures are antici.
psted 1t is very difficult indeed to sell any paper
except q very few choice names. On call, the
brokers are supplied at Q per cent.
Foreign exchange again dropped OFT to-day.
Bankers bills are offered at lO4h 2. and mer
camille bills at 1903 and upwards. Francs range
from 5.s2H AK .,..
Stocks were better to-day. The coupon siAes
Of the federal government advanced one pei oen'
and the Hves were also better. Tennessees anu
yireinias eacl advanced one per cent. North "a
ro,in.s and Missouris were lower. Among the
ar.cu,at;ve stocks. the advance of the morning
was .oual. in New York Central, to e, in Erie to
a. in Reading to u. in Illinois Central to 2,
IN Michigan Central to 1, in Gaena to "a, in
Rock Island 10 q. In the afternoon the
market was all higher and strong at the close.
Pacific Mail advanced per cent on the arrival of
the steamer The following were the last quota
tious of the day:-Unted States S. 1874, rs 1914
Tennessee 6's, 46 a 1871; Virginia 6's 4414 44s4;
Missouri6s, 397s 40; Canton, 8 10; Cumberland
Coal preferred, 8 a A; Delaware and Hudson Canal,
so 81; Pennsylvania Coal, 70 rs; Pacific Mail,
~ "a; New York Central 721s 7214 Erie, 2OH
a 2Os4; Hudson River, S64 1914 Harlem IL a
1917: do preferred 81 3l11s; Reading, 81 321s;
Michigan Central, 4514 a 4594; Michigan Southern
and Northern Indiana 1871 1879; do. guaranteed,
2ssI a 80: Panama, 1Ol a 1902; Illinois Central, 81
slA; Gaens and Chicago, 5s11s 5ss44; Cleveland
and Toledo, 2sss 237s Chicago and Rock Island,
Ss1. 3s2%; Chicago, Burlington and Quincy, SO
5611s; Milwaukee and Mississippi, a s1a La Crosse
and Milwaukee land grant bonds, 8 q 0; Illinois
Central bonds SO s9H
We have received the following letter -
20 THE EDITOR THE Herald
OFFICE OF MARIE KASz,
27 wrrYaM STREET NRw YORK, Nav ., 1861 I
In your money article Of this morning you sa,e that
those who refused to pay up the amount OF
the United aes Eve per cent awarded the 22d
OF October las, The that the eaeon OF south
Carolina bar the contract In reply submit
the ,oo ing statement which request publish
as OF We bid successfully for 1858
OCO by order and for ACCOUNT OF two highly respectable
and responsible bapkng houses of this city on recev
ing advice the award w,ote to the Secretary o. the
Treasury assigning the same without recourse to us,
TO our two principals aforesaid Under these assign
ents principals then proceeded without our inter
venton TO mike partial pay ments until they had paid in
about $22 900 The secession OF south Carolina then in
ducec them 10 decline making further payments For
this in way responsible either In law equity
or honor, and we had 10 control All we could do
express views TO principals in this matter
In ,ha name might not be exposed TO miscon
structon On the 26th Of December $780, we wrote to
Secretary Thomas reminding him OF the circumstances
and requesting him. should he officially publish the names
OF the delnquents not to ncluoe In the let. We
closed letter to the Secretary OF the Treasury as
follows
a. are at issue With these gentlemen As to their duty
in this ar should certainly the bid for our
the whatever sacrifice do not feel
like having paraded Justly We beg therefore,
TO call your attention TO the letters addressed pre-
decessors
Respectfully, your obedent servants,
MARIE K KANZ.
The business Of the Sub Treasury was as follows
to-day
Seceipis.. I'll
For customs. ... 2s 900 90
Payments Observation-Disclosures. 235 6s7 IA
IA ance
ANNEXED Ia the statement Of the New Orleans