The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-12
FINANCIAL AND CONNER GAL.

FRIDAY, Jan. ll-6 II. NJ.
The case in the money market increases, and
the feeling in mercantile circles continues to i'm
prove, though the political horizon grows daily
darker. Some very short first class paper was
done to-day at seven per cent, and the range Of
paper current at IL was considered TO have en-
larged. Paper Of the very highest quality is very
scarce; capitalists are buying notes which few
weeks ago would not pass at all. Foreign ex-
change is duh but firm. The leading bankers are
asking 1861 LOG for their sterling, and 5.35 for
francs. Some business was done to-day at 1861 u
a. Merchants are getting 1885 a 1917 for their
bills, which is much better than they have been
doing since November. The news from England
by the America produced an excellent effect in
financial circles. 1t is considered as establishing
the capacity of Great Britain to send u gold, and
to pay more for cotton and breadstuls witboW dis
turbing her own commercial community.
The stock market continues very firm, and prices
advance. This Is due partly TO the scarcity Of
stock and the heavy contracts Of the bears; part
ly TO the handsome earnings Of the railways, aud
partly TO recent increase Of confidence in the
general government. The oldest spectators have
been deceived by the course OF the market. They
felt certain that the firing upon the Star of the
West would dcpress prices, and they felt satisfied
that the secession Of Mississippi and Florida would
have the same effect. In both eases the event
ialsilicd their expectations. IL would seem that
the more inevitable civil war becomes the higher
stocks are destined Il rise. AZ least such Is the
necessary inference from the course Of the market
during the past few days. This afternoon the
marhs& reccded . triHe, closing weak. Some
stocks shcw fractional decline since yesterday.
but the Western shares are generally higher.
State stocks steady. fhe following were the
last quotations OF the day:-Unitcd States 5's
1874, %; Virginia Is, - !; Tennessees, - :;
Missouri g., Gs lsi Canton, Ia. a. IL; Cumber.
land Coal preferred, 10; Pacific Mail, ~ Z;
New York Central, 1Ga4 al; Erie. y q Hudson
River, asa 40; Harlem, i51Sa Z: do. preferred,
371% =; Reading, 3sE e; Michigan Central.
621l q; Michigan Southern and Northern In
diana, ltL "a; do guaranteed, 33iS a %; Ia
nama, ll9}4 a ii5; illinois Central, 7G% II;
Galena and Chicago, G514 "a; Cleveland aud
Toledo "a "a; Chicago aud Rock Island. 5Ja.
"a; Chicago, Burlington and Quincy, 6sls - g..
The annexed Is copy of the official notice Of
tho Treasury Department for the government loan
&c be awarded on the 18th inst:
TRE,sr,u DEPARTMENT, Jan ., 1891.
Notice y hereby given that sealed proposals VIII b.
coycd NJ this department un the ish day Of January
Instant for the issue OF such baan Of nye millions ~
collars IA treasury notes may tnen be lawfully issued
exchange for gold Of the United States, deposited
with the treasurer the United states the Treasurer Of
be Mint NJ Philadelphia, the Assistant Trelsafers at
Boston, New Aork o. - louis within i've days from the
ccoptance c such proposals, under the authority OF tho
Ct of Congress entitled An act authorize the issue of
roasary notes ana iof other PURPOSES approved Decem
Der IL, 1860.
such treasury notes will be issued upon the receipt here
certificates of deposits with those officers TO tho credit
( the Treasurer Of the United states They will be made
payabe to the order 81 such bidder bidders shall
er 20 make such exchange AT the lowest of interest
on such notes they Will carry that rate Of interest
rom the date OF such deposit
Tho proposals. must state the rate OF interest With
condit and without reference to other bids and
contain other fractional rates than ono fourth,
half three fourths OF per cenum. One per cent
uYs tho amount proposed 10 be exchanged must be de
posed with Of the officers above enumerated, whose
cicate % such deposit must accompany each proposal
- security Tor w. fulnnent If the proposal Is not
copied immediate directions viii be glycn 10 return sIch
o.lvht should the proposals vary frctn the provisions
" W a't "' Nigress " Of this notice they N not D.
~ proposals rndet iAs notice must De- scaled aui tn.
stilhtl % th' outside Proposals. Tor Treasury Notes
Ihey Wh D. oieDcu ana AWARDED al this dpntrtbent a.
tseile o'clock nooh, On saa f~h day 10 January
JIIIB THOMAS, Secretary IL The Ite,-nry
Tie New York aud Erie Railroad Il "a be aold