The New York herald., 1862-03-22
FINANCIAL AND COMMERC CIAL.
FRIDAY, March 2l-6P.M.

FRIDAY, March 2l-6P. M.
The money market is active. Call loans range
from a per cent; most of the new loans being
at the latter figure. Paper is scarce, and the high
est grades sell freely at 61I a 7 per cent.
Exchange is very dull indeed. Importers are
unwilling TO give liz per cent, and bankers do not
seem anxious to sell at lower figure. There are
very few commercial bills in market, and bankers
bills are not easily covered except with specie.
Francs range from sos $40. The entries of dry
goods for the week. amount to $S0s O22, agains,
s742s sl9 week last year, and 81 ,767 ola same
week OF 1850. The consumption was s94s, 49,
showing steady increase in the demand.
The stock market is inactive. People are wait
ing for news from Island No. 10 and the Army of
the Potomac, and meanwhile spectators are i'm
proving the dulness by getting out some sellers
options. The short line in Central, Toledo, the
Michigan shares and one or two other speculative
stocks, is becoming quite large enough to cause
stampede in the event Of a moderate increase in
the outside inquiry. AT the morning board to-day
governments were steady at "a Is. II is under
stood that several OF the banks are willing to sell
at "a; and, they, have large supply, there is
some reason to expect that the market may re-
main stationary at this point for some time.
Pacific Mail was a better but the State stocks fell
of ga "a and Erie, the Michigan shares, Illinois,
Galena, Toledo and Rock island were all about Il
lower. The transactions in Erie continue large;
the buyers are supposed to be operating for
account of foreigners. Between the boards
the market was weak. At the second board there
was an increase of orders, and prices improved Is
q q all round. The following are the latest quo
ratons:-United States 6s, registered 1881, 93;s
94 do. 6's, coupon, 1881, 81 y; do.5's, coupon,
1874. s714 4 Indiana SIS, rs 1919; Virginia 6s,
5s so; Tennessee 6's, 81 4; North Carolina 6's,
69a 20; Missouri 6's, 5l9s u; Pacific Mail, 9524
e6; New York Central sS a Is; Erie, 372s
e; do. preferred, 6l% a; Hudson River, 3534
a So; Harlem, l2A l3 do. preferred, 81 "a;
Reading, AZ a; Michigan Central, 55A Sc;
Michigan Southern and Northern Indiana, 23sl
"a; do. guaranteed, 472s 1a Panama 1909 l2l;
Illinois Central, 651S Is; Galena and Chicago,
6S% So; Cleveland and Toledo, 4494 u; Chicago
and Rock Island, 561S "a; Chicago, Burlington
and Quincy, 63 "a; Milwaukee and Prairie du
Chen, 26 a Il; Cleveland, Columbus and Gin.
cnnati, 1l2 a -; New York Central rs, 1876, lO2
1887; Erie third mortgage bonds, 80 az Michigan
Central SIS, first mortgage, l03 l0i; Illinois
Central bonds, U.s. "a 95 gold, 1925 "a.
After the second board the market became
stronger and there was fair business at frac.
tional Improvement in prices.
Gold is very active at 1919 %. The opinion
continues general among spectators that the
emission Of paper money must cause rally in the
precious metal to a per cent. It is certain that
there is less gold in ordinary circulation than there
was when the premium was 5 per cent.
There has been considerable conversation in
stock jobbing circles in relation to the following
telegraphic despatch which, was sent over the
wires on December 27:-
SAMUEL WARD, NEW YORK Ho1EL, New YoRK-Act as
though You beard some yoy coed news for yourself and
This referred, of course, to the decision of the
government to surrender Mason and sldell, which
was known to the British legation at Washington,
but was not known here. The public here were
allowed to go on selling their stocks at sacrifice
while Mr. Russell, the London Times correspond
ent, and his friends, were enabled to make small
fortune by operating for the rise. Several leading
firms here had correspondents in Washington, who
tried, Intellectually. to send the news through by
telegraph. 1t is to be regretted that Lord Lyons
should allow the secrets of his legation to be made
use Of for stock jobbing purposes.
The business of the Sub-Treasury was as follows
to-day
IoLsl receipts. ,356,710 %
-for customs. 1T5 900 90
bsiahce 4,541 200 so
The exchanges at the Bank Clearing House this
morning were Sl7,l60,s9l SO, and the balances
81, ,0s9, ,534 SO.
The Philadelphia Bulletin of last evening says
Tho abundance OF money for some time past still
continues and, in the absence of good paper capitalists
are investing IN United states $40 per cent other
good securities. The premium gold has again declined
and the period is not ar distant when the banks III yir.
tualy resume specie payments.
Tho IF f,a
read at the annual meeting held on the 10th inst.
makes the following statement Of the business or
the year.
Ar,snnt OF mineral raised, tons. ...,,,...... 1857
Per centags yieio Qt mineral in copper 1894
Value OF the years products. s571 3l5
Mining cost OF products 3os ,263
Net earnings for the year. sr................ 170O23
General available supply, Jan. .1........... 214Oo0
semi-annual dividend for the lst of July, as
usual viii be declared in due time, after the cop
per still on hand is disposed of.
The reports Of the superintendent and mining
captain show an important improvement in rari;on1s
parts of the mine since the .eginnng of the year,
ana Its Of increased monthly products hence
onward.
The following officers were reelected for the en-
suing year, viz.:-Directors, John G. Tucker VIM.
E. Dodge, VIM. Pearsal, NJ. A. Hoppock, Wm.
Hickok, G. P. Woodruff, z. G. Roberts; President.
John G. Tucker; Treasurer, M. A. Hoppock; Secre-
tary Samnal ]. w. Barry.
The Boston Manufacturing Company has de-
clared dividend Of thirty dollars per share a per
CENT?, payable April /.
Stock Exchange.
FRIDAY, March Il, 1862.
s270o0 8 6's ST. reg 81 100 shs NYCen R.s10 s3k
5000 . 8 s.. .slsoup s!1 100 9o.'....seo s5s
5000 do......... 8QK 100 Erie RR. 80. bio 37L