The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-28
FINANCIAL AND CONNER GAL.

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FRIDAY, Sept. 27--6 p. M.
The steamer which sails tomorrow for Europe
will take out large amount of the new 7.3O
| Treasury notes, purchased here for European &C
| count. For some days it kas been known that in
! quiries were being made into the character of
these notes by direction Of personages of the high
| est rank in Eirope Il is commonly reported that
l within q few days not much less than million of
\ them will be the property of single immensely
wealthy family OF the highest rank and that Other
| purchases wiz be made corresponding scale
for other personages moving in the sphere Of
| life The leading statesmen Of Europe have not
| been deudcd by the transparent nonsense
| Of the London nssailants of our credit.
| They Know that nation of thirty millions
of people, which owes less than 5000 600 co., and
which has twice paid Off its entire indebtedness,
! can safely be trusted to almost any amount; and
Willie The organs Of the aristocracy arc cndeavor
| ing to break down our credit in order to damage
the of democracy in Europe, the aristocrats
! themselves, keenly alive TO the rare opportunity
eslorded by the present crisis selling out their
European three and four per cents, and buying or
| 100 Treasury notes. They show their sense in
doing so. Every Englishman or FrenclmaG who
sells out his English or French investments end
buys 73o Treasury notes makes 1913 per e 900, or
SO francs per coo francs by the transfer, and OBJ
tains security which, being redeemat!e, is in
reality better than even the French funds OF the
British consols.
The money market is dull Some borrowers are
still paying per cent but there is great deal of
money seeking employment at s. At the discount
houses there is very littlo doing. The banks are
a igc Druc 1J,t he ~ nf
which is being made is small.
Exchange on Europe has fallen again. The best
bills are offered to-day at los 4 a 1887, and we
hear of very little business above los. The pur-
chases of Treasury notes for European account are
| likely to exercise o marked influence on the
| exchange market.
Stocks continue inactive, and the fluctuations IN
the railway shares are so slight as to be hardly
| worth recording. Government securities apprc-
ciate slowly but steadily from day to day. This
| morning the registered skies of 1881 advanced u,
/ the coupons Is, and the iives of 1874 and the six
1 per cent Treasury notes each a. The demand fol
these securities continues lively and they seem to
| DC gradually disappearing from Wall street. State
stocks were inactive to-day: CALIFORNIA; advanced
per cent, and Tennessees a. Among the specu
lative shares the most buoyant was Pacific Mail
| which advanced from sc on Wednesday to IS al
this mornings board and so between the boards
It SOLD at s91I m the afternoon, and closed - bid
No special csuse is assigned for the advance; Il
was predicted week ago in tllis column. 1t i:
not believed that the Baltic and Atlantic arc
or viii be at present sold to government
The Western and nearby railway shares
were steady this morning; tie bears con
tinuc TO offer them freely their options, and
the stocks continue scarce. At the close of the
| first board the marketswas rather better, and re
manned steady between the boards. There was no
particular change at the second board: the market
closed at the following quotations. United States
SIS registered, 1881, 90I 9054; United States 6's
coupon, 1881. 9c1I 9o9S; United States 5's, 1874
| So2& Il 81; Virginia 6's, so a 5e1l; Tennes-
see 6's, 1874 q 4394 North Carolina 6s, 50 q
592l; Missouri e's, 421a 4255s; Pacific Mail, sS5z
/ 50; New York Central 1898 q 731s; Erie,
251% 2524; do. preferred, 46 u AZ; HUDSON River
! S31t 3S5s; Harlem, l014 1915 do. preferred, 25
251Ia Reading, 81 34s4; Michigan Central, Al 4
/ g; Michigan Southern and Northern Indiana 1877
! 1872; do. guaranteed, 81 3l12s: Panama, ll3 a
| 1l5; Illinois Central, esq a &C; Galena and Chi
cage, G93s 691a; Cleveland and Toledo, 29A u
! 2o5$ Chicago and Rock Island, As 4516; Chicago.
Burlington and Quincy, G2 63; Delaware, Lacka-
| wana and Western, CT Gs; Milwaukee and Prairie
| du CHEN, II 171I; Illinois Central bonds, rs,
! 90 a 921a Delaware and Hudson Canal, 81 a So;
| Pennsylvania Coal, IS q Il.
An idea Of the extent to which tie public arr re-
! tlenching their expenditures may be formed from
the fact that importatiens of dry goods for the
week ending this day only amount to 1908 ,905
! against 81 sos same week last year, ard
| 81 ,S64 GAO same week of 1859.
Mr.. Chase is expected in this city tomorrow to
meet our bankers on the subject Of the new fifty
million loan to be awarded ON the 18th prox. There
is no doubt but the matters of detail which have
occupied the attention Of the committee will all he
settled satisfactorily in all probability on the ba
sis of The last arrangement.
The business Of the Sub-Treasury to-day was as
fdlows:-
IOttl S4gJ ,S5C rs
--tGf ctstotts5.. iiUCD 90
Baiaffse l., 9o0GlC II
Tie Detroit Advertiser thus notices the use Of
demand Treasury notes FOR the army
Treasury notes viii be put IN circulation in the West in
great measure through our troops Who will receive
them pay for convenience in RENTING 10 their rami