The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-16
FINANCIAL AND COMMERCIAL.
FRIDAY, March lisp.

FRIDAY March l5-6 M.
The money market is rather easier; the banks
are competing actively with the discount brokers
for mercantile paper, and some very choice names
passed to-day at per cent. On call the brokers
borrow at s, and with good collateral any amount
can be obtained between and 6.
The foreign exchange market Is more active; the
receipts Of specie from Europe have improved the
demand for bills and bankers raised their rate to
1867 for sterling and $50 for francs. At these
prices the demand fell off, but at yesterdays prices
any amount might have been Sold
The feature Of the stock market is the steady
appreciation Of government securities. The dc
mand for Treasury notes and government stocks
seems to increase daily; it is evident that large
profits will be made by the spectators who
bought these securities during the period Of dis
trust. To-day the fves advanced ~, and the
skies "A per cent; Treasury notes were Il per
cent better, and at the close there was fair de-
mand for them at the advance. State stocks were
not so strong to-day; Missouris fell of a e. and
Tennessees were offered at decline from yester
days price. Choice railway bonds continue in
request. An advance Of per cent took place
this morning in Hudson River seconds, Of q in
Michigan Southern seconds, and of "a "a in vari-
GUS Western railway bonds Erie fourths were
also l per cent better. There was very little
change in the general speculative list. Pacific
Mail advanced "a; Erie was at one time "a
better, but afterward lost the advance; and
the Western shares, In the morning, were
generally a fraction higher than yester-
day. After the first board however, su-
preme dulness fell upon the market, and
though no stock was pressed for sale, it would
have been necessary to meet the views Of buyers
to effect transactions. Operators generally seem
to be watching for the next turn of the cards. and
to be unwilling to move in the dark. The follow
ing were the last quotations of the day:-United
States SIS 1874, SO "a; Tennessee 6's 741H q;
Virginia 6s, IS a 70; Missouri 6's, &C Il; Can
ton, IA l5; Cumberland Coal preferred, 6H a 8;
Delaware and Hudson Canal, SO a "a; Pennsylva-
MIA Coal, rs a 1871; Pacific Mail sc X; New
York Central, 1874 q q; Erie, 325s q; Hudson
River, M As; Harlem, l514 q q; do. prefer
red, 3s1l 39H; Reading, 43ss a Al; Michigan
Central, 571I 3d. Michigan Southern and
Northern Indiana, 1917 a; do. guaranteed, 3e4
81; Panama, ZIG q ll6; Illinois Central, s0Z
Il; Galena and Chicago, 7o1l Il; Cleveland and
Toledo, 341l a a; Chicago and Rock Island So
u; Chicago, Burlington and Quincy, 72A "A;
Milwaukee and Mississippi, II a u; La Crosse
and Milwaukee land grant bonds, Is Is; Illinois
Central bonds, 1854 %.
| Public indignation against the new tariff in
1 creases as it becomes more widely understood.
| II seems incredible that with their eyes open,
and at such crisis men not suspected of lunacy
| should have enacted so Infamous, ridiculous and
| fatal measure. The three Southern Commits
sioncrs who, it is said, about TO be despatched
to France and England as representatives of the
Southern confederacy, need no other weapon than
this tariff to carry their points. For, notwith
standing the hostility of the people of Europe to
slavery, it cannot be expected that they will carry
their antipathy SO far as to neglect commercial
and material considerations altogether. And when
they are forced TO choose between nation which
shuts out their goods, and o nation which not only
admits them at nominal duty, but which enjoys
| q monopoly of the raw material on which foreign
manufactures depend, it will need very heroic ad
hercnce indeed to the anti-slavery principle
to prevent both France and England at once
taking the Southern side In our dispute. What
ever sympathy the North enjoyed in Europe at the
commencement of the quarrel, this tariff will
probably destroy. Whatever dislike the secession
lists had aroused in Europe by their pro-slavery
| sentiments, their sagacious and liberal CONNER.
cial policy will eface. This state of things is
the fruit Of the narrow graspng, avarcious policy
of Senators Cameron and Simmons and the rump
Of the old protectionst party The letter Of Sena-
tor Cameron, in which he boasts that the last act
of his Senatorial career TO vote for taxing the
people of the country at large, in order to build
up factories in Pennsylvania, and the successful
| efforts Of Senator Simmons to compel every con-
sumner ofwood screws to purchase exclusively ofthe
| American Wood Screw Company of Providence
| r. l., are fair instances Of the wisdom statesman
| ship and patriotism which have now Frustrated
the North, at the very time above all Others when
most strength was needed
The following was the business Of the Sub-Trea-
sury to-day
Receipts. $40 200 10
-For customs 1900 90
Pay ments 294 032 So
bance 10
| by Adams & Co.'s express we have New Or.
leans papers of the 18th in advance of the mail.
The bank statement for the week shows the follow
| ing changes as compared with the previous re.
| turn
March 9. March 2 Dgncx
Sss, 1855 IsSss
Deposits 49,. gs,ssi'ssi ssssssss Dee. sssss
Total loans 1s,sSs,oi4 Is.CssaS2 Dec. ios,a1s
i Inc cnanseS, as VIII De p6fCeivoo, are qut" nnlm-
porant, and require special comment. The ratio OF
coin 70 every liability 81 6a100, against 81 43l0O last
week. The money market was rather quiet to-day,
though noticed evidences OF hopeful feeling
Some very good paper was passed at ~ per cent and
line OF irst class city mortgage TO- There
but few desirable Offering. There is in
qury for stocks, but operations checked by tho
higher views Of sellers very preferred securities
held at % por cent above the last sales We notice
sale to-day Of 100 shares Bank Of New Orleans atsO
and resaes nj 81. Exchange in fair request
day First sterling brought los, and business
done ut n range OF 10IL los. Drafts with bill Of
sdpg rule ut 100 1o5H Francs rather dull, aud
the best easy TO sell at Sc AN We quote
the run from o. 42s g. SIX but some good bills are
Offering at 81 20 sixty day bills on New York, prime,
sold Of TX 15S and discount Others 60 az IA
tx. few caoiDg drawers hold nj H. Sight
brmcr TO day, and sold freely at u Y discount
Bankers drew at "a, and the BANKS checked at
stock Exchange.
FErpAY, March Is, 1851.
$4,000 SIS 81 ,cou OK 200 shs N Y Cen RE.. TsL