The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-05
FINANCIAL AND COMMERCIAL.
THURSDAY, April 4-6 =. n.

This has been an extremely dull day everywhere
Even the award of he new loan has failed to i'm
part any activity to the money market. Money ID
as abundant as ever at a per cent, and paper
which few weeks since could not have been dis.
counted at all now finds purchasers at 6a7 per
cent. Moneyed men expect to see call loans this
summer down tn per cent.
The foreign exchange market has hardly opened
yet; but the signs of decline which were evident on
Tuesday are still more obvious than they were
Some Of the leading bankers continue to hold al
1857, but others sell at 1881, and we presume
that bankers bills on Paris of the highest quality
can.be had at $3.50. 1t looks as though the mar
ket might give way still more seriously tomorrow
Notwithstanding the accumulation Of gold
The stock market was very rdull to- day; the
amount Of business done was unusually light.
Federal securities were steady-the registered
skies at 90, the fives at s914 H. Treasury notes
bearing ten per cent interest advanced "a. Ten
nessees advanced a. and Virginias "a; Mssouris
were steady. New York Central did not vary this
morning from the last quotation yesterday Har-
lem and Michigan Southern old were also steady
Pacific Mail declined "a Erie "A, Hudson "a
Reading e, Illinois Central Il, Toledo 4, and
Rock Island a. Michigan Southern guaranteed
advanced "a, and 50 did Galena. Railroad bonds
were in rather less demand; the supply from
abroad has IatterIy proved rather more than the
market could absorb. In the board the
bears seem to predominant. They operate
on the general chapter of accidents. The
bulls are encouraged by the abundance OF
money, and the supposed pacific intentions of the
government. This afternoon the market con-
tinued dull, and most descriptions were a frac-
ton lower than in the morning The following
were the last quotations Of the day:-United States
IS, 1874, SO S9l4; Indiana IS, OK; Virginia 6s
rs a 1914; Tennessee SIS, "A 7411a; Missouri 6's
64s4 a IS; Canton, l41+ Is; Cumberland Coal pre-
ferred, IA -; Pacific Mail, 81 841s; New York
Central, 775s . IS; Erie, 30s4 81; Hudson River
"A . ~; Harlem 1873 16; do. preferred, 4O94
Al; Readang, 42% 43; Michigan Central, 56ss
567s; Michigan Southern and Northern Indiana
II a l714; do. guaranteed, 3s14 3ssss; Panama,
III lF14; Illinois Central, 500 SOsS Galena and
Chicago, 7211 1873; Cleveland and Toledo, 3476 .
35; Chicago and Book Island, 554 q Sc; Chi
cago, Burlington and Quincy, 70 1871 Illinois
Central bonds, rs, 95 90; De aware and Hudson
Canal, ss1l 80; Pennsylvania Coal, so a 81.
The recent government award continues to be
freely canvassed in Wall street. and opinions are
unanimous in condemning the course of the Sec
rotary. The only question appears to be whether
it proceeded from inexperience or from less Gre
ditable cause. When loan is awarded in Eng
land, the Chancellor Of the Exchequer usually
rules out all bids below certain figure; but he
states thai figure publicly before the bids, so that
all bidders may stand on an equal footing.
Chancellor who fixed his minimum privately and
suffered it to become known among q few friends
only, would be secuted out OF Lombard street
We fear that Mr. Chase will not fare well hereaf-
ter among the moneyed men Of Wall street.
The bankers who went on to bid at Washington
returned this morning; they seem to say that before
they go there again there must be an understanding
that there win be no thimble-rggng the part Of
the government II appears that their reception
was most discourteous; they were left standing in
a room for several hours while the bids were being
read, were denied the use of stationery, and
were rudely rebutied when they sought to ascer-
tain the fate of their bids. This may be the way
they order these matters in Ohio. Mr.. Chase will
find, before he is many months older, that in Wash
ngton common civility and the decencies of life
are expected of Secretary of the Treasury.
The business of the ub-Treasury was as follows
today
For customs l23000 90
Payments NEUTRALITY-SUSPICIOUS.. 344 2s2 W
Balance. 7,ss0725 80
The Office has been kept pretty busy for the past
day or two with the Withdrawals of deposits by
unsuccessful bidders for the loan, and the pay
ments on account of the loan by their more sue
cessful competitors.
The following is an extract from letter
ceived yesterday by mercantile house in this
city from their London correspondents. II is pro-
per to add that we never gave currency to the
rumors which were at one time afoat respecting
Messrs. Overend, Quincy & CO..
We have reasons believe that the respecting
this house which found their way into Jour newspapers
emanated from parties here who disappo nted OF
getting their paper discounted and took this Of
revens ing themselves These rumors formed subject
" groundess they by and
who had good Of knowing that IL did not
TO 70 mention them you And may state tnat
the very day when the story put IN circulation,
happened ourselves IN negotiate large amount with
Messrs. Overend & 90. They house with whom
have had intimate connections for long period and
are in poeon TO give the most unonalfed cin,Tadc-
ton 10 the newspaper statement 70 application for
assistance 10 the Bank OF England the fact being that
the very Gay when that 3cson said 10 have taken
plRe they had upwards Of million and hair sterling
out cal the Stock Exchange upon government secu
rites, and idle at their bankers.
The Firemens Insurance Company has declared
a semi annual dividend Of six per cent, payable
on demand.
A private despatch from Chicago announces
that the notes Of forty two banks Of Wisconsin are
thrown out by the bankers of that city. This is
nearly one-half Of the banks Of the State.
Gov. Morgan has appointed Mr.. Henry Il. Van
Dyck as the successor of Mr.. James NJ. Cook for
Superintendent of the Banking Department. Mr..
Cook resigned the position for the purpose of de.
voting more attention to his personal interests.
The steamship Kangaroo, which arrived at this
port last night from Liverpool, brought $4,000 in
specie, consigned as follows 49,
Frost a. Forrest zee. 81 900 J. O. Dale Gr6s
c. NJ Leupp Co... COS r, T. Braun Co... COZ
r. kough.......... 600
~ y Vail ....... 900 Total f2 a0z