The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-01
FINANCIAL AND CONNER GAL

THURSDAY, Oct. SIS Pm.
The money market continues dull, with call
loans at . Z, and first class short paper at the
same rate. There ia q disposition to speculate in
government vouchers, which are being shaved at
high rates. 1t is a pity that Mr.. Chase-whose
ability and consccntiousncss are so generally ad-
United should suffer the neglect Of his SUBJ
crdinates to prejudice the public service in
the manner it is doing. Dealers in ma
rine and military stores are establishing
two prices for the government. and another
considerably lower for the public. They say that
they must charge something extra to pay them for
the time they have to wait for their money. This
ia taking place when the government has all the
money it needs. A"4
Foreign exchange opens very dull. leading
banker sold largely to-day at lO71 and afterwards
good bills were offered at 1867 a a. There is no
disposition to operate. Francs are frmer-say
5.3lA a $3.50 for bankers.
Stocks were more active to-day, and the commits.
sion brokers seemed to have rather more business.
In prices, however. the changes were, as gener4f
rule, immateria. The most active stocks of the
day were Erie and Central. The former which
opened at 3i11s, the closing price last evening in
the street, fell off to 33sa and closed that bid;
the preferred stock rose 2 per cent, closing 54l4
bid at the Board, and 54A bid afterwards in the
street. If the common stock is worth 33a4, the
preferred on which seven per cent must
be paid before the common stockholders
get anything, should be worth at least
75 Tho Erie bonds are likewise in
request. It looks as though Erie securities were
again going to be the fvorte football fspecrlators
III (snptro odv from fhc las
price in the street yesterday evening; rumor as
serts that some new buyers for this stock have ap
peared in the market. The Western shares were
moderately active, but irregular in price. The
Michigan shares were shade better, but Illinois
Central declined "A Galena a Toledo u. and Bur-
lington and Quincy 4. Toledo sold in the street
after the board at 36s4. Milwaukee and Prairie
du Chen, which is believed to be doing very WE'LL
rose "a. Among State stocks the only active de-
scription was Missouris, which closed * lower
than yesterday, after o pretty heavy bust
ness. Government stocks were firm ; the regis
tered skies were held u higher at the close, and
the lves Of 1874 advanced "a. A steady consump.
ton Of these scSaritiesfs going on and a success
will render them very scarce. At the close to-day
the market was steady the following being the last
quotations limited States SIS, registered, 1851, 81
n; do 6's. coupon, 1881, % x; do. SIS, 1874,
s4E %; Indiana SIS, - SO; Virginia G's, AZ As;
Tennessee 6's, 42sS As; North Carolina C's, 50 a
COS; Missouri 6's, A4l n; Pacific Mail, 95a4 96;
New York Central, 1914 a Is; Erie, 1874 1s do.
preferred, 54l4 a 2s Hudson River, 3sNa y;
Harlem. 1915 ID; do. preferred, 32i x; Reading,
IS a "a; Michigan Central, 4sa4 q 49,4; Michigan
Southern and Northern Indiana. 1874 10; do.
guaranteed, 80 "a; Panama, 1l61I III ILL.,
nois Central, 6i2+ "a; Galena and Chicago, 7o4
x; Cleveland and Toledo, 36,,4 u; Chi
cago and Rock Island, 5l14 ss; Chicago, Bur.
lington and Quincy, G2aa4 Os1z; Delaware, Lacka-
wanna and Western, 60 a 20; Milwaukee and Prairie
so; Delaware and Hudson Canal. ss1. q "a;
Pennsylvania Coal, &c q Is.
Tomorrow. November ! the Michigan Southern
and Northern Indiana Railroad Company pays the
interest due on the Michigan Southern sinking
fund bonds and on its first and second mortgage
bonds. Tho credit of this concern is at length re-
established; IL now pays interest regularly on all
its bonded debt. or its floating debt over mil
lion dollars has been paid off since the present
management was elected. and this without the
issue Of single bond BY the lst Of January next
il is confidently expected that not dollar
Of floating debt will remain unpaid. OF the
1880 900 Of second mortgage bonds, over 81 0OO-
coo have been assented, and the remainder come
in gradually. Thus there is reason 10 believe that
this zinc property is at length emerging from the
complications in which it has been involved for the
past four years, and that continuance Of the
careful and prudent management which has cxtri-
Gated the concern from its troubles may at length
insure n resumption Of dividends upon the stock.
The earnings Of the road are very large indeed;
during the last week of October it is rumorcd they
amounted TO no less than 100000.
We hear, through y leading banking house, Of a
single Englsi, subscription TO our $50 notes for
100000
The Arago, arrived this morning from Havre has
specie on board AS follows
thatTs ttith -
Henry Grniel Observation-Disclosures, 900
r., -A-~iissa -essFu ssSs. yngqafs-- -,s--s =, 40
4ffS;@VV
The following is to-dcy's business at the Office