The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-14

difficult There is intelligence enosoh in England
to enable capitalists to discrinsate between
United States bond of the present day and the
shinplasters formerly issued by individual States
most Of which are in rebellion against the govern
ment. 1t may safely be said that no stock in the
world possesses such elements of security and offers
so handsome an income as the new seven per cent
bonds Of the United States. They will pay their
holder twice the annual income paid by British con-
soils, and nearly twice that yielded by the bulk Of
the French rentcs They are the solemn obligations
ola nation richer than either England or France, and
which owes only sllO, 900 600. They are secured
by direct tax levied on incomes and property.
None of the foreign securities Italian, Turkish,
Russian, Mexican, South American or Spanish
which have from time to time been recommended to
the British public by the London journals and taken
up at various rates, can for moment compare
with them. In ordinary times before the war,
United States six per cents commanded premium
of fifteen and twenty per cent. Under Mr.. Pierce
they were redeemed before maturity at l2l. The
new bonds being sevens, not skies, will naturally
rule still higher in the markets of the world as
soon as the present troubles subside and the war
approaches its end.
The following was the business of the Sub-Trea'
sury to-day
IoGh recePts.... y2362Z 90
--ror oue'o7' ''....''....'......... 3Vo0 w
ray lo6,3S5 IS
The Champion arrived to-day from Aspinwall
with $94l ,Osl in specie on freight Messrs. W. I.
Coleman Il Co. say in their CIRCULAR
We observe unusual activity in financial circles
The demand for money since last steamer day has been
moderate leading to change in prices which still
quoabe at "a per cent per month for short loans
satisfactory nalnes-the inside rate prevailing; aud
Ia per cent for loans on mortgage. As matter Of
course this abundant supply OF funds accessible TO all
the legitimate wants Of trade, inspires confidence
every department Of and prudent enterprise
The advancing prosperity Of State and the constant
of elements of wealth. are ADAPTED to en-
courage the most cheering anticpatons for the future
Gold bars on the departure OF the last steamer dropped
from $50 to $40 fine bar The interval between steamers
Is always more or less, period Of depression in bars
dependent measuraby upon the supply offering and the
shipping demand for China. Arrivals during this period,
requiring encashmen usually either placed the
market for what they will bring taken to account by
bankers at rate deemed by them compensatory for hold
ing unth the recurrence Of more active demand. This
rate Whatever i, may be- and which for convenience
shall hereafter designate the crate for account gene
rally rules the market advancing gradually with the
proach of steamer day and declining suddenly when
shipping requirements suppliad-sometmes even bc
fore the day is over The leading inquiry to-day is for
remittance East. We hear of no purchases for China
worthy Of note The demand active the supply not in
excess and sales reported at $50 which IL the asking
price, though the bulk OF the business thus has proba
more favorable announcing sales Mt 500 No further
quotations from China since our last reference
We have the satisfaction OF noting further abatement
in tho rate OF insurance treasure. Shipments by to-
steamer may be covered either at tho oyds or
at the California Mutual at 2 per cent for all risks or at
Ia per cent for marine riBks only
The decline of insurance. to be expected has
not been without influence upon the rates for Eastern
change which though still norninaly at S per cent
premium for sight bills, decidedly dropping and
think cannot long be maintained. The placing Of large
gums at cent before steamer day is is not
unlikely TO
| The Oswego and Syracuse Railroad has declared
semiannual dividend of three per cent, payable
the goth instant to stockholders in this city by
H. A. Oakley, Esq, transfer agent at the office of
| the Howard Insurance Company; the Mine Hill
| and Schuylhill Haven Railroad Company, semi.
annual dividend of 50 so per share, payable August
%; the New York and New Haven Railroad, divi.
! dend of three per cent, payable on demand; the
| Souhegan Manufacturing Company Milford, N. H.,
dividend Of SIC per share, payable on demand
from July; the Kcnnebec Company, Augusta,
Me-. dividend Of 81 per share, payable from the
10th instant at the Office ofthe treasurer in Boston,
The weekly statement Of the Philadelphia banks,
made up Monday afternoon, presents the following
aggregates as compared with those Of the previous
week.