The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-24


The furry which occurred ten days ago was un-
warranted by the facts.
Foreign exchange gave way again to-day. The
best bankers bills were sold at 1881, and very
good bills indeed at lOsHa 1854. Francs ranged
from 5.271s to $50, with rather better inquiry
than there was for sterling The par Of exchange
between this country and England being about
1925, exchange on London must now be set down
as standin per cent discount IT will continue
to rule a discount until our importers begin to
be Doerat in their orders for foreign goods,
and will fall still lower than it is If we should
our exports of breadstuffs, or reopen one
of the cotton ports and commence the shipment OF
cotton.
The stock market was firm to-day, and prices
were generally better. Some outside orders on
buyers option made their appearance and added
something to the ordinary business of the board.
New York Central advanced u, Galena q,
Missouris H. Erie "a, and Toledo "a. There
has been some talk in the street about
the non-payment of the October interest on
the fourth mortgage bonds of the Erie. No
one who is conversant with the affairs of the
road has ever expected that the interest would be
paid on the LIST of OCTOBER it will not, however,
be long delayed after that day. The receiver pays
interest on the various classes of bonds according
to the directions of the court. He has general in
structions to pay on the first and second mortgage
bonds; each payment on the other classes requires
a separate order of court. In the case Of the
fourth mortgage bonds an order to pay may be ex-
pected in the course of the month of October.
This and the other roads leading to the West will
profit by the news Of the foreign advance in bread
stuffs. The accumulation Of produce at the
lake ports is enormous. United States 6s (coupon)
advanced "a this morning. other United States
securities were in fair demand at full prices. This
afternoon the market was generally steady, with
rather better demand for Southern bonds. 1t
closed steady the following being the last quota
constituted States 6's registered, 1881, 90N
"a do. 6's 1881 coupon, 81 a; do. SIS, 1874, sos
"a; Indiana SIS, n 20; Virginia SIS, 5lHa So;
Tennessee 6's. 1917 A; North Carolina 6's, 6l%
60; Missouri 6's, 439s a AZ Pacific Mail, s3s4
81; New York Central, 735S a q; Erie, 26 a;
do. preferred, 4S a 4G1s; Hudson River, Ssh
81; Harlem, 1917 "a; do. preferred, Is u;
Reading, IS a; Michigan Central, Az 421A;
Michigan Southern and Northern Indiana, 1872
Ia; do guaranteed, 30T 81; Panama. ITO a Ill;
Illinois Central, Sc a Galena and Chicago, G9ls
| "a; Cleveland and Toledo, 1914 a 80; Chicago and
Rock Island. AZ a "A; Chicago, Burlington and
Quincy, 62H a 631a Delaware, Lackawana and
Western, 65 6s Milwaukee and Prairie du Chen,
! l7% IS; Illinois Central bonds, rs, 921a SO;
| Delaware and Hudson Canal, SO S41Ia; Pennsyl-
vanial Coal, Is a H.
| Mr.. Cisco, the Sub-Treasurer at this point, will
| tomorrow commence to deliver Treasury notes
| bearing 7 3-l0ths per cent interest to all app-
cants. few parties were supplied with notes
to-day; the machinery will be in such order to-
morrow morning that they can be supplied to all
applicants. Mr.. Coe, OF the American Exchange
Bank, who has just been to Washington. brought
back with him So 100000 Of these notes, and a
further supply will be forthcoming. The subscrip-
ton to-day to the 3-lOths per cent notes at the
Sub Treasury was fairly active; but many agents
are now receiving subscriptions that We cannot
expect any more "million days" Up to Saturday
we believe that the Secretary of the Treasury was
/ advised Of popular subscriptions amounting to
81 900 900. The Secretary has issued, up to the
present time, only IS GOO 900 of the small demand
notes; he will however, issue S. 900 900 more this
week. The great difficulty arises from the enor-
nous clerical force which is required to supply
them as fast as they are wanted. The following
| was the business of the sub Treasury to-day
-ror customs. IVY w
treasury ho,es o42oG0 w
Payments al 500 30
baahce. ZoZ NO
We understand that the Bank Committee which
has just returned from Washington recommended
the associate banks at meeting held to-day to
assume the second fifty millions Of the $3.50, 900 900
government loan, and that the banks at once
agreed to do so. The taking Of the first fifty
mil tnt of tho Init fho
fact is none the less gratifying. The bankers re-
turned from Washington very confident of the
power Of the government to suppress the re-
bellon within few months.
We have, by telegraph from Cape Race, Euro
pean advces per Persia to 18th. Breadstuffs were
steady cotton 4 better and firm at the advance,
consols 4 better.
The North Star arrived to-day with 1858 $50 in
specie.
The exchanges at the Clearing House this morn
ing were sl9,lO9,6l4 A., and the balances
1888 ,344 sc.
Mr.. Stewards circular defining the objects Of the
Conscating act is received with general satisiac-
ton in mercantile circles. 1t is to be hoped that
he will follow up his policy, and will cause prompt
restitution to be made OF all the moneys and bonds
&C.. illegally seized in this city by the officials act
! ing under his orders. Whatever expenses, legal
| or otherwise, have been incurred in consequence
of these seizures, viii of course be borne by the
officials who have Inexperienced the purpose of
| Congress- the victims Of their misrepresentation
have already suffered sufficiently. and should be
| put to no further expense to enrich over jealous
marshals and attorneys.
| Stock Exchange.
| MONDAY Sept. %, 1861.
5000 u s 6's, '62.... 95H 200 siis YC b3O 73k
! 10000 6's, 81, reg 9oa 200 do......b6o 73A
! 1900 S6's, 81, cou 81 1850 do ,....... 73s4
1000 u SIS, IA, cou SOY 100 do. stw 1884
| 5000 S 6's, ST.. 90h SO do.....bi0 73X
| 1000 Treas IL n. 1907 100 do 500 1914
| 1880 Treas p v 9S3% 100 do ....sf5 T3ss