The New York herald., 1862-04-03
FINANCIAL AND COMMERCIAL.
WEDNESDAY, April 2-6P. NJ.


WEDNESDAY, April 2-6P.M.
Wall street ia unusually dull. Every one is wait
ing to hear news from the army at Corinth, Mis-
sissippi, or on the Potomac, and by common con.
sent all business of importance is postponed until
intelligence of at least one Of the expected de-
cisive battles is received. Nothing was done in
exchange to-day the leading bankers would not
sell at last quotations. Money continues abundant;
the demand for call loans has fallen of since the
decline of speculation on the Stock Exchange
paper sells at 6 q 7 per cent, with occasion
al exceptions, such as bankers short &C.
ceptances, at per cent. Certificates Of public
indebtedness are current at s6H a. with fair
demand. Some of the leading foreign bankers
have received money from Europe with discretion
ary powers as to its investment So far as we can
learn they are all holding of until battle renders
the future more absolutely certain than it is at
present.
The Stock Exchange was extremely dull and
inactive to-day. Central Erie and Toledo seem
to be the only active stocks on the list They
were all lower this morning and throughout the
day. At the second board there was the same dull
feeling and indisposition to operate. Tennessees
declined suddenly to "a. Gold seems to be the
only thing which is wanted by buyers. It sold
this morning at 1921 and closed 1929 bid.
At the close this evening the market was
heavy the following being the last quotations -
United States 6's, registered. 1851. 921S SO; do.
e's coupon, 1881, 927 80; do. IS, 1874, SO 81;
Indiana SIS, rs a 70; Tennessee 6s, "a Z; Virgil
mia 6's, 81 q 81; North Carolina 6s, 68 a u; Mis-
souri6's, 5ON u; Pacific MAIL s7N a 1a New
York Central, s2H "a; Erie, 36T q 81; do. pre-
ferred, 81 a; Hudson River, 35H a SO; Harlem,
l2Z a "a; do. preferred, 80 311Ia; Reading AZ a
421l; Michigan Central, 55H q "a; Michigan
Southern and Northern Indiana, 22tS a;
do. guaranteed, 46 4; Panama, 1l9 III;
Illinois Central, 6lH a N; Galena and Chicago,
67aas; Cleveland and Toledo, 451I n; Chicago
and Rock Island, 65H 70; Chicago, Burlington
and Quincy, 81 6lN; Milwaukee and Prairie du
Chen, 25Z 26; Cleveland, Columbus and Gin
cinnati, 1l2 n; New York Central rs, 1876,
1917 1881; Erie third mortgage bonds, % q
92H; Michigan Central 8's, first mortgage, 90 .
sSN; Illinois Central bonds, rs, SO 80; American
gold, 1O2 a u.
The Tax bill progresses steadily through the
House of Representatives. and will shortly reach
the Senate. There, we understand, it will encoun.
ter Mr.. Chase's bill, which has been framed with
great care, and is understood to be simpler in its
uoCulucIy I0ou ene AAVuoo ~ 10 ossuAlcu suSt
the Senate will adopt Mr.. Chase's views, in which
event committee of conference will be appointed
to draft compromise measure between the two
bills. Less Importance than would otherwise be
the case thus attaches to the present decisions Of
the House, though they may be regarded as clear
ing the ground for the operations Of the conference
committee. Most of the amendments thus far
adopted seem to be very judicious. The rejection
of the foolish amendment levying tax on whiskey
already distilled and in store Is On evidence Of
good sense. 1t would be impossible to discover all
the whiskey liable to taxation, and the fair dealer
would be likely to have his business arrested for
an indefinite period of time pending the visit Of the
taxgatherer. The only sound principle to 60
upon is to levy taxes exclusively upon articles Of
merchandise made and produced after fixed date.
No one objects to measure which will render
whiskey twice as dear as it is. But it is idle to
pass laws which cannot be enforced, and which
will only give rise to successful frauds on the part
OF knaves, and serious embarrassments on the
part Of honest traders.
The Sub Treasurer has continued all day to pay
the coupons of the 7.30 notes. The amount of
gold paid out has been quite large. consdera-
BILE amount Of money is being deposited at the
Sub Treasury at five per cent interest. One de-
post came this morning from Paris, Kentucky.
The following was the business Of the Sub-Treasury