The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-23
FINANCIAL AND COMMERCIAL

FRIDAY, Feb. 22-6 P. M.
No public loan ever created such excitement in
Wall street as the enc for which the bids were
sent to Washington by this evenings mail. 1t Is
understood that the aggregate amount Of bids
sent from here will prove to be something in ex-
Of ten millions of dollars and it is understood
that over half million has been bid for from
Boston The bids here include one Of 81, 500, 900
made up by the banks, and understood to be at 80;
and another combination bid Of s, 900 900, made
up by ketchum. Howe Co., and supposed to be
at 90A a 9lL. It is hence inferred that the
loan will go at about 81, though there
will be bids as high as 49, The bids will be
opened tomorrow, at noon. We believe that
there were altogether some $50 bids from here.
The money market presents no new features.
Some very choice names passed to-day at six per
cent, but these are very scarce. On call five to
six are the general rates, though outside Dor
rowers are paying seven.
Foreign exchange was firm for o-morrow's
steamer. Bankers got 1857 for sterling in the
morning, and in the afternoon most of them put
up their rates and sold some bills at 1867. Good
mercantile bills go at l04 a los.
The stock market was stronger to-day and
higher prices ruled. Letters from Washington
prospect may look, sooner or later compromise
will be effected. Hence stocks rose a "a all
round, the most active inquiry among the COM
mission houses being for Illinois Central and for
Erie. New York Central was very scarce; the
books opened to-day, and the stock rose % per
cent. Federal stocks were higher; 9s was bid for
the skies of 1868, and 1925 for the IL per cent
Treasury notes. The fves of 1874 were
offered at So. State stocks were rather firmer
There was no second board to-day, in copse
quence Of the celebration OF Washington's birth
day. In the afternoon stocks were strong, the
following being the uotations:-United States SIS
C74), 81 a IS; Indiana SIS, 81; Tennessee 6's, 7ls a
~; Virginia 6's, 751& &c; Missouri 6's, G5H &C;
Canton, IA Is; Cumberland Coal ~; Pacific
Mail, s34 -; New York Central, 771f TN;
Erie, 3lA 3l% Hudson River, 43h a 431s;
Harlem, 1874 1874; do. preferred, 3sA 3sl&;
Reading, AZ a 4214 Michigan Central, $50 5511ls;
Michigan Southern and Northern Indiana, Ia
l4s4; do. guaranteed, 3l1 a 80; Panama, ll3
ia; Illinois Central, 1871 10; Galena and Chica-
60, 7l94 %; Cleveland and Toledo, 32l $685.
Chicago and Rock Island, 56s. a567s; Chicago,
Burlington and Quincy, 7o1a 7l1.; Illinois Cen
trail re, 30 Q 96; Delaware and Hudson Canal, So
a 90 Pennsylvania Coal, 76 q 1914.
The business of the Sub Treasury was as follows
to-day
Receipts ............ ................ 100000 %
-for customs o0,OOO OO
Paymente .................... l0s,sS3 81
baance..... ojlO,t4Z ~
The bill granting charter for the st. Louis,
Alton and Chicago Railroad passed the Illinois
House on Saturday morning last by fifty majority.
BY the provisions Of the new charter the name of
the road is changed TO the Chicago, Alton and St.
Louis Railroad.
The Silver Hill Mining Company has levied an
assessment of thirty cents per share, payable fif-
teen cents on the 9TH Of March, and five cents
each on the 5th of April, May and July.
The Northwestern Insurance Company (agency
No. Wall street, has declared dividend OF five
per cent, payable on demand; the Pittsburg and
Boston Mining Company, dividend of ~ per
share, payable on the 18th instant; the 0swego
and Syracuse Railroad, a semi. annual dividend of
three per cent, payable on demand.
Interest on First mortgage bonds OF the New
York and Pushing Railroad Company, will be
paid at Seventh Ward Bank, on and after Let
March, 1861, on presentation of the Coupons.
Annexed 10 n statement showing the condition
Of the Ohio banks on the first Monday Of the pres
ent month";
Reso,Tcs,.