The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-23

The above changes arise from the recent award
Of the government loan. Last weeks specie ave.
rage was declining one; it is probable that the
banks hold more gold to-day than il sho wn above
The increase of loans proceeds from the same
cause; the banks are counting the new Treasury
notes among their discounts. But for this the
statement would necessarily have shown de
crease in loans, in consequence of the general
curtailment in business. This is proved by the in
crease of deposits-a sign most unnatural in ordi-
nary circumstances at this season.
There is no change in the money market. Loans
are readily effected on suitable securities al 4 a
s. but great discrimination is exercised in the Sc
lection of collatorais. Paper, also, is closely
watched; Southern names viii not pass at any
price.
Tie foreign exchange market opens very heavy.
We hear Of sale of first class mercantile bills at
1857. Bankers rates are called 1862 and 535,
but there is little or nothing doing. The market
may possibly be more active tomorrow.
There was quite rally in stocks to-day. AT
the morning board New York Central advanced
-, Erie /, Hudson River "a, Harlem preferred
211as, Gaena Il, Rock Island q Michigan Central
IL, Southern x, Toledo ~ Burlington and Quin-
cy5. The stocks of the border slave States did
Tennessecs, Virginias and North Caronas did
not vary. Kentucky sold at GO seller ten against
62 on Saturday, but afterwards were placed at Co.
The new federal loan fell off one per cent; Trea.
sury notes were fraction better. Betw cen the
boards the market improved still further, and
there was quite rampant market at the second
board. Pacific Mail, which had fallen to 50
in the morning, rallied to 60 in the afternoon-a
remarkable fuctuation even for that mercurial
stock. Everything improved in corresponding
manner, and the market closed firm at the follow
ing quctatons:-U. States SIS, 1874, SO 81; Ten
ncssee 6's AZ 421a; Virginia 6's, Al ~; Missou-
ri 6's, AZ AZ; Canton, a o; Cumberland Coal a
G; Delaware and Hudson Canal, SO a sc: Pennsyl
vana Coal, rs a 7s; Pacific Mail, 81 CO; New
York Central, ia 7l1S; Erie, 1917 90: Hudson
River, sc 3G1a; Harlem, 1873 IL; Harlem pre-
ferred, 3l1I 80; Reading, so 80: Michigan
Central, 434 431Ss; Michigan Southern and North
ern Indiana 13 1915; do guaranteed, 90 80;
Panama, SO 80; Illinois Central, co n G0lZ Ca
lena and Chicago, 50 a 5s1%; Cleveland and Toie-
do, 249. 25; Chicago and Rock Island, 3l9l a IS;
Chicago Burlington and Quincy, 5G1S a 81; Mil
waukce and Mississippi, .; La Crosse and Mil
waukee land grant bonds, s a .; Illinois Central
So 81.
The New York and New Haven Railroad Com
pany having advertised that separation of the
genuine from the so-caed spurious stock having
been made they will now divide 80 a share on the
former, the Stock Exchange very properly struck
their stock and bonds from its list this morning,
refusing to deal in the securities of property
which repudiates the acts of its paid agents. The
conduct of the company and its officers entities
them TO the thorough scorn and detcstaton of the
financial community.
The bushes Of the Sub Treasury was as fol.
lows
Receipt. SEQ o5r 30
--for custofnH ......... 81 600 90
Payments, OBSERVATION-DISCLOSURES. ....... 81 TG0 OF
The proposals. for 1910 900 of New York city
Croton water skies, redeemable November l. 1889,
were opened Oh Saturday by II. T. Haws, Esq,
Comptroller. They were as follows:-