The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-07-26
FINANCIAL AND CONNER lAL.

THURSDAY, July Ao-o L. NJ
There is no change to report in the money
market Brokers are paying and per cent for
call loans, and first class short acceptances 60 at
Ga per cent. We hear Of some business in very
good single name paper at l per cent month
AS general rule, however, the market Is very
dull; neither borrowers nor lenders seem to be
moving with any vigor. AS the Sub Treasury ba
lance continues large, no steps were taken to-day
to negotiate any more sixty day Treasury notes;
applications came in, however, for about half a
million of them, and they were awarded accord
ingly. At this rate it seems probable that the
whole IS 900, 900 will be disposed Of tomorrow or
next day. The banks Of Boston and Philadelphia
have been offered some Treasury notes on the same
terms, and are taking them readily. They cannot
get at per cent paper that can be called safe
beyond question, and hence these Treasury notes
are godsend to them. They are making some Of
their payments here.
The foreign exchange market has hardly opened
yet for the steamers of Saturday. Bills are scarce,
and the demand is light. Rates fer bankers bills
are 1917 q for sterling, and $3.50 a 261 for
francs. The market will not fairly open till TO-
morrow.
The downward movement in stocks which com
menced at the second board yesterday, continued
throughout the day to-day. Rumors were rife in
the street Of movements against McClelan's COM
mand in Western Virginia the bears were like.
wise provided with stories to show the great
strength of the rebels in the eastern part of the
State. These adverse elements, combined with
the natural reaction after the rise of Tuesday and
yesterday, caused general decline in prices, 90.
vernmsnt SKIES, which advanced a, being the only
exception to the market. State stocks were all
offered at decline. Tennessees fell of rs Vir.
ginias, l; North Carolinas, n Missours, ~. The
Western shares we're offered in large amounts, and
Rock Island declined q; Toledo, "a; Galena, l; II.
nois Central, q; guaranteed, a. The fall was equal
ly marked in the shares of the near by roads. New
York Central fell y; Erie, n; Hudson, 11s; Har.
lem, l; Reading, u. After the board the market
was weaker; there were no street buyers of stocks
at any price. The bears seem to be reasserting
their power on the Stock Exchange. For some time
theirs has been the losing side though the bulls
cannot have made much money the bears must
have lost considerably, and, far as we can learn,
when the fall did come, on Monday last, very
few Of them were short to any extent. They
seem to calculate now that the recent reverse
which,our arms have suffered will impart strength
to the rebel cause, and >will lead to further de-
cline in prices. At the second board to-day stocks
generally declined a q below the prices of the
morning. At the close the market about steady,
though inactive at the decline. The following
were the last quotations Of the day-United States
6's, registered, 1881, 50 do. 6's, coupon, 1884,
s7N IS; do 5's,' 1874, 500 a 81; Indiana SIS, IS
a IS; Virginia 6's, 40 n; Tennessee 6's, AK
AZ; North Carolina 6's, SO 60; Missouri SIS, 4I%
AZ; Pacific Mail, TX Q ~ New York Central, TAX
a rs; Erie, 1871 "a; Hudson River, SO a 34 Har-
lem, l0% II; do. preferred, "a a rs; Reading,
IS "a; Michigan Central Az AZ; Michigan
Southern and Northern indiana, 1871 IL; do.
guaranteed, 2s a "a; Panama, 1887 100; Illinois
Central, 63N "a; Galena and Chicago, 8ls4 60;
Cleveland and Toledo, ~ a %; Chicago and Rock
Island, 39s4a 40; Chicago, Burlington and Quincy,
COZ a 81; Milwaukee and Mississippi, 10 l51l;
Illinois Central bonds, rs, 90A a "a; Delaware and
Hudson Canal, Sc "a; Pennsylvania Company,
1914.
The business of the Sub-Treasury to-day was as
follows:-
Receipts 81 ,279 257 81
For customs Observation-Disclosures. II 900 90
Treasury notes. 1873 300 90
PAYMENTS ..................... 646lol 62
Balance $3.50 ,el3 IA
The Broadway Insurance Company has declared
semi annual dividend of five per cent, payable
August l.
The exchanges at the Bank Clearing House this
morning were sl4,764,373 IS, and the balances
$685., l27 o..
The steamship Glasgow, arrived this morning,
has fls9 76l on board, consigned as follows:-
Yates Porterlcd Co $500 X. +. Buck Co... G7o3
Snow Burgess 600 Brown Bros 4 Co... so 600
Lawrence Giles 4 Co. 600 A. Bells Sons..... 1000
Hawey 4 Horne 80. 400 Mercantile Bank " ! 800
Homer&Sprague Bros. geo F. NJ Robinson ... pos
Hasted ,Chamberlin l. Schncbnrdt SGebhard 3S 100
Co............... 900 ID. Won hoffman Il Co 20 400
w. p. Converse, Tyler B. Behrcnd 4 Co... SO 300
&Co.............. 500
A, Belmont Co... 10000 Total. ..... f1se ,761
The Commissioners Of the Sinking Fund of the
State, of Ohio advertise for loan of 81 500 900,
payable July l, 1868. This is an =" unconditional
loan, payable by the law creating it in years,
for which purpose o tax has been authorized. The
taxable property of Ohio is 1888 1902 Sol, and the
credit of the State high. A tax of two mills on
the above valuation would pay both principal and
interest. Proposals will be opened August 7, at
the Ohio State Agency, & William street, New
York.
We have copy of the New Orleans De,a Of the
14th inst. which furnishes the, following statement
of money and exchange matters in that city,
The money market for the week has exhibited evil
dence whatever Of animation of returning activity The
demand for discounts at the banks restricted
the furnishing Of plantation supplies aud
a very noticeable dminuion while the calls for
newas OF maturing obligations were perhaps smaller all
round than for any previous weeks the
of the AZ the strictly first class