The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-25
FINANCIAL AND CONNER lAL.

deposits on account of bids for the new govern
ment loan was made with the Sub Treasurer ut
this point. According to the usual CUSTOM Mr.
Cisco declines to disclose the amount of the bids
they win not be known till tomorrow evening. 1t
is understood that the combined bids from the
banks will amount to over "a $50 900; the COM
bination bid of Messrs. Ketchum & Co. is I'M
derstood to exceed So 900, 900, and rumor as
serts that other outside bids may amount to
another couple Of millions. Boston wants
over four millions, and Philadelphia and
other cities something in addition. Altogether
the negotiation of the 50 900 00Ooffercd is secure
1t ia understood that mostif not al the Boston bids
are for Treasury notes. The other bids are for the
most part for per cent stock; they are believed
to range from IS to 81. most of them being be-
tween $50 and &c. From all that we can learn,
very few bidders have sent in alternative bids
All seem to have asked either for stock or for
notes. The New York city banks, after many
conferences, could not agree at rate to bid at
and ii was finally determined that each bank
should be free to bid any rate over IS. The nego
taton will not be as brilliant as the last two but
it will not be unsuccessful. .r,, .fnm
There is nothing new In money to-day: very
little doing, and no failures of consequence report
ed. The steamer Champion, from California, ar
rived to-day with 1854 900 in specie.
The demand for foreign bills for to-morrow's
steamers was light. Bankers ask LOG, but several
leading houses sell at 1851 a.. Produce bills
are bought by the bankers at l0i1I los.
The stock market was lower to-day, and bust
ness was dull; the adyices of the advance of the
federal troops into Virginia naturally checked the
tendency to buy. Nothing but the heavy short
contracts of the bears has sustained the market
for some time past Non-dividend paying stocks,
in time of war, would be selling at 10 per cent be.
low their present prices, were it not for the de.
mand for them created by the excessive
sales of the bears. AT the morning board
VrgiDias fell ~, North Carolinas /, Missouris u,
Pacific Mail q New York Central u, Erie a,
Hudson q, Harlem a , Reading H. Michigan Cen
trail IA, Michigan Southern 4, guaranteed "a,
Rock Island "a. Between the boards the
market was dull. At the second board the market
was rather lower, and closed heavy, the following
being the last quotations:-Unted States Ga, cou-
pons, 1881, 81 "a; do. SIS, 1874, 7S94 a19; Fpii-
ana IS so a 81: Virginia 6's, 459s is Tennessee
G's, 4l4 a. Missouri G's, 3914 s914 Pacific
Mail Steamship, CT Il; New York Central Rail-
road, II n; Erie, 2o4 a: Hudson River s3s+
a "a; Harlem, 1917 u; do preferred, Is &c;
Reading, 500 a "a; Michigan Central, 40 q y;
Michigan Southern and Northern Indiana, 1919 a "a;
DO. guaranteed, 80 2is4; Panama, 1887 a 1917;
Illinois Central, G524 a CO; Galena and Chicago,
55A a "a; Cleveland and Toledo, 2O% a q; Chi
cago and Rock Island, 500 81; Chicago, Burling-
ton and Quincy, 53a Il; Milwaukee and Mississippi,
IL a IL; Illinois Central bonds, rs 90 81; Della
ware and Hudson Canal, so a 81; Pennsylvania
Coal, &c IS.
The following was the business Of the sub.Trea.
sury to-day:
Receipts sioo,s5z ID
--For CUSTOMS tt......s Z6cVV W
fayment 40 ~ 70
Messrs, w. x Il. O Brien advertise that they are
purchasing unsecured coupons Of the Erie Com.
pany.
The movement of the banks In the four principal
cities of the Union, in which weekly reports are
made, as shown by their last statements, is as fol.
lows:--
fa1Hs. Dslesiis So4ie (yr11t'g
NJ York MAY rs Sl.OfCy SO qslTg "A l,l