New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-04-05
THURSDAY, April 4-P. N.


THURSDAY, April 4-P. NJ
There was slight improvement in New-York Cen
trial az the First Board but with this exception the
market was dull and heavy throughout the session
The largest transactions were in this stock Pacific MAIL
Illinois Central and Toledo but the movements we're
Of an extremely sluggish character throughout. In
closing sales, the of the market seemed little
rmer but the support was mainly from the purchasers
of the shorts-a support which IL something IKE that
which raises a man for the purpose Of knocking him
down again. Federal Stocks were steady, with sales Of
both coupon and registered of the 1881 loan 10 fair
extent. State Stocks were fraction lower, but tue
business WAS not large. The currency troubles OF the
West have recently bad more influence upon the mar
ket value Of these stocks than political matters There
if less movementn Railway Bonds and the quotations
generally show moderate decline but the supply Of
tayorte first mortgage issues is sui quite
limited. At the Second Board the market
was still lower, and but for the continued
buyine of the shorts would have made but a sorry
show Of business except in Federal and State StockS
Dispatches from the South to-day occasion some uneas
ness in the street. and there is but little disposition to
take the risks Of speculation Ii ia too much Ike
eropne in the dark for stock operators Al the
close the market was dull and heavy, at the following
prices: o. S. &c, 81 registered, 90 a96; Tennessee
State g. 7467ii Virginia State 6s, 75a75i; Missouri
State Co, Ga 65 Pacific Mill Steamship Company, 81
aeA; New-York Central Railroad, az ais; Er'e
Railroad, 3oi63l; HUDSON River Railroad, 4ia4't
Harlem Railroad, l5lal6i Harlem Railroad Pro-
ferred, 404S4l Reading Railroad. All "a; Miehi-
Gan Central Railroad 5Gs a56i; Michigan Southern
and Northern Indiana Railroad lal7ti Michigan
Southern and Northern Indiana Railroad, Guaranteed
Stock, 3St ASA; Panama Railroad, liz; LIMOS
Central Railroad 80! SOsi Galena and Chicago hhi-
road, 72l 72S Cleveland and Toledo Railroad q
35 Chicago and Rock leland Railroad, 55i d1oi
Chicago Burlington, and Quincy Railroad, 73a'3ii
Illinois Central 7s, 95deb
Foreign Exchange is dull. Sterling is held by some
of the bankers 1884, but fair quotations are lH
IOs. Francs range at frem j.25GJ.&2i. The Manga
roo brings about sl5, 600 from Europe.
Freghts-The rates are heavy, and tend downward.
To Liverpool: $500 bbs. Flour at 2s. I'd. a2s. sd !;
80 900 bush Corn at 9id d9,d. in bulk and bagsi
$500 bush Wheat at lOd. 9lO.d. 900 bales Cotton at
3-lGd; 200 tea. Bacon aud Lard at 800 31s. Cd leo
bbls. Pork at as; 900 bbls. Beef at Gs To Bristol:
cargo of Wheat and Flour on private terms.
The business of the SubTreasury was; Receipts,
$626 s37 8i-for Cuftoins Sl22, OOO Payments, s3H,
2s2 3d. Balance, 81, SSO725 &c.
The supply of money is st greatly in excess Of the
demand and the negotiation Of paper ouside Of the
banks gives the b-brokers but little employ
Choice nan es range from 81 al y cent, those Of the
most desirable stamp going without much trouble al o..
On call, v cent il the nllnmum, and at this figure
most of the business lie dope with borrowers of APP
proved credit. In ordinary loans from day 10 day,
cent il about the standard.
The clear right of tie Secretary OF the Treasury to
reject any bids satisfactory the Department and
bis evident intention TO that discretion accord
ing 10 tie terms Of the loan advertisement is suii
cent answer of the charges of unfair treatment
In the award decision recently given III the matter Of
the Federal loan II Is Wei known also that strong
limitations were given that bids under "a would not
be accepted and it is therefore reasonable u suppose
that the bidders went into the competition with "A
tolerably good idea of the chances IL is within our
personal knowledge that bids were advanced on
Monday after the ASSURANCE that 81 would be the
minimum. 1t is not apparent, under these crcuni-
stances that the unsuccessful bidders have any
Of complaint 1t is tie general impression, however in
financial circles, that in rejecting bids which came
within y cent Of the minimum fixed upon, the Secre-
tary has made financial mistake and this opinion IL
seems u.s. is well founded. Taking the unusual
ngences of the times into view the bidding quite
az cose to the market value of the loan as could be
expected and it scarcely be doubted that award
at IN average of 93 would have been entirely saisfac
tory TO the people The present market value of the
loan ia in great owing to the confidence of
the banks and bankers Of this chg In the stability OF
the Government and we chat they neither de-
serve the imputston Of striving to depess the market
prce TO secure better terms Of bidding for the Gov
eminent loan as fancy stock. The following is list
of the successful bids;
Amoup pet