The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-27
FINANCIAL AND COMMERCIAL.


FRIDAY, APRIL 2D-6 T. d.
Business continues dull, though, now that the
safety Of Washington seems secured merchants
and brokers are not a. much engrossed in the war
news as they were day or two since. There Is a
perceptible increase in the demand for money, and
the list OF negotiable names is being grad.
ually reduced. No one can tell whom this
war may not PROSTATE The best names
do not pass, to-day, below 6A for short,
and about for long paper. The action
OF the banks in placing their specie in one com
mon fund so as to sustain each other and the gene.
raj government meets the general approval O.
merchants. The banks of Boston and Phila-
dephia will doubtless follow the example.
The banks of Wisconsin have suspended; those
OF Illinois will doubtless be compelled to pursue
the same course, as the fall in border slave State
stocks renders their currency practically value
less.
There was very little done to-day in foreign
bills. The demand is extremely slack. Bankers
ask 1867 log for sterling and 53j a s7L for
francs: mercantile bills go at about lo4l1s 1867
But there is no inquiry to speak Of At present
rates drawers can import gold at profit
The stock market was sluggish to day and lower
at the first board. 1t is now generally understood
tically make common cause with the rebels of the
Gulf States, and as this fact must lead to the
emancipation of their slaves, their credit Gibbs
rapidly. North Carolinas fell per cent
this morning; Tennessees, q Missouris, Ia;
Virginias, u. proposition was made at
the board to strike them from the list of
stocks called, but withdrawn in conse-
quence of the practical difficulties which would
arise in the fulflment of existing contracts. There
is no necessity for people to take any steps to
injure the credit of the border slave States that
is being effectually done by the people Of those
States themselves. Governments were rather
better this morning on the news of the safety of
Washington. The speculative stocks were all
lower at the morning board. New York
Central declined Il, Erie l, Hudson L. Har-
lem "a, Reading "a, Michigan Central |,
guaranteed "a, Illinois 2, Galena a, Toledo /,
Rock Island ~, Pacific Mail "a. Between
the boards the bears suffered from the want
of stock to make their deliveries, and the price of
Central and one or two other stocks improved
in consequence. In the afternoon the mar
ket was shade better and closed steady
the following being the closing quotations
United States SIS, 1874, 75I a 1871; Tennessee
6's, AZ 40; Virginia SIS, Ala 4214; Missouri 6's
37Ia 374; Canton, a s; Cumberland Coal pre-
ferred, 6; Delaware and Hudson Canal So sc;
Pennsylvania Coal, 20 a u.s.; Pacific Mail, G5 &C;
New York Central 1914 a 721a Erie, 10 1879;
Hudson River, 1914 361l; Harlem, II l211. do.
preferred. 29H 29s4; Reading, 3lH Sl11ss Mich
gan Central, AZ a 49, Michigan Southern and North
ern Indiana, Is q H. do. guaranteed, 271a %;
Panama, 80 9914 Illinois Central, 561a 56s+;
Galena and Chicago, 56A 81; Cleveland and To-
ledo, 227s 1915; Chicago and Rock Island, 352sa
35s.; Chicago, Burlington and Quincy, Sc a sc;
Milwaukee and Mississippi, 9H 90; La Crosse
and Milwaukee land grant bonds, 5 .; Illinois
Central bonds, SO 80.
The following was the business of the Sub-Trea