The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-28
FINANCIAL AND COMMERCIAL
WEDNESDAY, Feb. 2T-6 r. N.


WEDNESDAY, Feb. 27-6 +. M.
The money market Is active. in consequence OF
the payments on account VI the new loan. The re-
cept. to-day Al the sub Treasury were 81 .2S9 446
In paper very ttic Is doing; the rate Of call loans
was six per cent.
Foreign exchange closed rather hat-rates
being 1868. 100 for bankers, and l04l. 1867
for mercantile bills. Francs moved at 5.35 .
sTH
The stock market was irregular this morning,
some sceuriurs being higher. while Others were
lower United states stocks OF ali kinds were
better. The new loan sold at 1882. and twelve per
cent Treasury notes ~ "a premium. State stocks
were also better New York Central was steady;
krie. Hudson, Harlem and Toledo were all Is "a
better. ON the other hand. Illinois Central fell
Of ~ ksadisg A. and the Western railroad
shares generally were rather lower than yester-
dag. Afer the board the market was at first dull,
bat afterwards slifi.nea mp under the effect Of bet
Ter adyices from Warrington. In the afternoon
general advance took place, and stocks
Jumped up without any exertion. The
business done az the second board was quite large
and al the close the markct LEFT of Arm. The fol-
lowing we're the last quotations Of the day.
United States SIS tis1sJ. 500 81; Virginia State
6's. 10. Is; Trnnessees, rs ~; Missouri State
g., 61T G.; Canton, IA q rs; Cumberland Coal
preferred. Z; Pacific Mail Steamship. s714 az "a;
New NoIk Central. sss. x; Erie, 3i1s 81; Hud-
son River, go q =; Harlem, ls1. -; do. pre-
ferred. sia ~; Reading. 4ess a; Michigan Cen
tral, CO.. a 20; Michigan Southern and Northern
Indiana Is :; do. guaranteed. 32s+ 81; Panama,
ms; Illinois central. "a ~; Galeaa and Chicago.
sss. =; Cleveland and Toledo, SO. a 81; Chica-
20 and Sock Island. COS a y; Chicago. Burling.
ton and Quincy, tx "a.
The n,nois Legislature adjourned without day
on Friday. On the preceding evening the CON-
mittec 81 the senate who had been directed TO
count The money in the treasury and see II any Of
the funds thereof had been improperly used re-
ported that they had counted the money and found
IL all right aud the conduct and ease OF the present
treasurer lAr BGter), since he into office, in
every way correct and proper. They. however,
intimate that the funds were improperly used by
the preceding treasurer. hut have not time to 60
into full Investigation. With regard TO the amend
ment to the banking law passed at the last ses-
sion, a leading Chicago banker writes us;
TIE puvamu x opinion among bankers IA Chicago
MERCHANTS that the rcccnl afnendmeIits ot the
Bank Law by our leg siatare vii MT work speedy
Improvement 81 ,e carrehcy OF reduce the rate u
exehange IN the fast abe ACT y supposed - contain
wh,lesome RESTRAINTS upon banks thai may be
hereafter ce,abWheds II any, there kbo ud be, Wnne
banks already organized way Icstr ted IN the
imuunes hitherto enjoyed. 70 Tar affecting thus
iatse, class, the amendea Law Supposed 10 work upon
the "dtor and Cali prDcIae-hii or miss, ~ Ihcr
interest maj require. l. vely cyidel. tae &C
Of isgisLtac gr,a,y influenced BY the In.
70, est IL bot tia "afgumeuts,f a. the bankIsl mean
the owners Of STAT enrreDcy Who Va sympa
Thy with the legitimate bankers Of tue country.
The State Auditor Of Illinois has been officially
notified by the Bank Commissioners that the fol
lowing banks have failed 10 make good their secu-
rites under the late call. the limitation q which
expired ON the Goth inst and they have accord
iDgy been placed in liquidation
Bank of Hslegh talk Auroa, state Rank, American
Exchange ial,k Aaslvnai HA4k, C,rA Exchange BsGk
Bank al the Commonwealth, southern tauk u ILLINOIS,
Grayyne; Eank - Chester nauk fise County. auk "
Quincy, Grand Praic iians farucfs AMI traders B.k
Railroad Bank, cLants' aud DrUyegs nlak, Citizens
Bank, Morgan County liaak.
Holders Of coupons Il ne Detroit and Milwau
kee Railroad Company mortgage bonds will I'm
an advertisement that win interest them in an
other column.