The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-25
FINANCIAL AND COMMERCE


THURSDAY, Oct III L. nj.
There Ia rather more ease in money to-day.
Some parties are paying of the loans they made on
Tuesday and yesterday at seven per cent, and are
refusing to pay over six. The banks and bankers
have plenty Of money, and in the absence of active
speculation IT is difficult to employ it. The banks
paid up the last ten per cent Of their 900 to
tho Sub-Treasury to-day, only about $4,000 of
the whole amount being in six per cent Treasury
notes.
Foreign exchange opens firm for the steamer,
with light offering of bills. Bankers ask 1917
for bills on London, and 5.33a4 for bills on Paris
Mercantile bills range from lo6I to lO7A, and
from 5.35 to $3.50. They are scarce. If the sup
ply were better the market would fall.
Stocks were better to-day, though the amount
of business done was small. The operations Of the
army at Leesburg, however costly or unskilfu,
were regarded as forward steps, and the news
from the Gulf was likewise fayorably viewed.
Hence we note an advance during the day Of ono
per cent in Central, az much in. Erie, % much in
Michigan Central, a in Illinois, x in Toledo, "A in
Galena, IA in Michigan Southern, and SO on
throughout the list. There was not much business
done in government or State stocks; the new
sixes, however, were well maintained. Bank
stocks are rather more in demand The public
generally seem to be waiting to see the result Of
the movements on the Potomac, and of the naval
expedition, before renewing the speculation
which was arrested last week. Stocks, however,
are growing scarcer daily. and the bears
have the utmost difficulty in etfecting their deive
ries. The market was firm at the close, the fol-
lowing being the last quotations. States
6's. registered, 1881, S31s "a; do. 6's, coupon,
1881, "a 941; do. SIS, coupon, 1874 8314 s41aa;
Virginia 6's, AZ 48; Tennessee 6s, 42H 43;
North Carolina 8's, 60; Missouri 6s, 43ss a
1914; Pacific Mail, 92A %; New York Central,
Tx rs; Erie, 50 s21s; do. preferred, 5ls4 a
81 Hudson River, 3611 ses4; Harlem 1874
l2IS; do. preferred, 80 q 321ss; Reading, 3514
36H; Michigan Central, 40I 491s; Michigan
Southern and Northern Indiana, lsI 1917; do.
guaranteed. 3sH 80; Panama, ll6 III; Illinois
Central. $50 a 65s44; Galena and Chicago, 7OA
III Cleveland and Toledo, SO a 361ss; Chicago and
Rock Island, 5l1s 5l55ss; Chicago Burlington and
Quincy, 02H 90; Delaware, Lackawana and West
ern, Y; Milwaukee and Prairie du Chen, II Is;
Illinois Central bonds, rs, $50 80; Delaware and
Hudson Canal, So sc; Pennsylvania Coal, &c Is.
The popular subscription to the national loan
was light to-day, and has been light for days
past. The Treasury Department has made mis-
take in endeavoring to confer upon a few indi.
viduas the exclusive privilege of acting agents
for the loan. Individuals of high standing in Wall
street, and at least well and as favoraby known
as several fthe five agents. have applied unsuccees-
fully to be allowed to receive subscriptions. The
effect Of their failure upon the popular shbscrip-
ton among their particular circle Of friends oan
readily be understood. One would have supposed
that, as the commission allowed is merely nomi-
nal. Mr.. Chase would have only been too glad to
sppoint as agents as many responsible parties as
applied for the post.
The business of the Sub Treasury was as follows
to-day
ueOeipts. $c,B7J,378 q
-For customs. ......................s. $1,000 90
1865 ,096 60
Payments, including redeemed per cent
notes Observation-Disclosures. ,20v 236 Al
O~a"oo. ....................... S,4S&,WI ~
The exchanges at the Bank Clearing House this
morning were $2c,774,l94 Is, and the balances
81 ,30s,7l7 ~.
The statements Of the banks of the three princi.
pal cities Of the Union for the last week compare
with the previous one, and the corresponding time
Of 1860, as follows:--
sYor Oct 1sss. ,. ss s sss
F FSSiiSS e osi Il ssssa as s sSsS sss
.s': EE':2l IS g 3ss!s
Last year 2A.so0sl6 4,0ol63 Ssp,s56 2Oil706
In pursuance of an order Of the Supreme Court,
the interest on the fourth mortgage bonds Of the
New York and Erie Railroad, due on the LIST inst,
will be paid on presentation at the Office Of N.
Marsh, receiver, in Erie place. on and after Novom-
Der /.