The New York herald., 1862-04-01


prices were higher.
Government skies declined to-day IA % pei
cent. There is no cause for the decline except an
! over supply from the banks. There is reason to
believe that the banks, which are in such haste to
dispose of these securities, will regret, by and by,
that they had not waited little longer. There
| are but SOS 900 900 of these skies in existence,
and are informed on good authority, that
it is the settled policy of the government
not to issue any more twenty year bonds.
| In the event of more money being needed
after all the Treasury notes are issued recourse
will probably be had to further issues of certif-
Gates of indebtedness and notes. which will be con-
yertbe into the five year skies. 1t is the opinion
OF those in authority at Washington that though
nve year bonds are not a tempting security for in
vestors, yet the creditors of government will be
willing enough to receive them in payment of their
claims, and they will not sell in Wall street at SO
heavy discount as has been supposed. But the
choice security which banks, savings institutions,
guardians and foreign capitalists will select in
preference to all others will undoubtedly be
the skies of 1881; and, unless the fortunes
OF the nation should grow much darker
than is now apprehended by any one, these bonds
will probably sell at premium before the summer
is over. They will be the consols of the United
States-the very best and highest in rank of all
American securities II there is anything on the
list of the Board of Brokers that deserves public
favor it is these skies. The bank managers who are
forcing them upon the market in such quantities
that they decline "a per cent in day are not
wisely careful of the interests of their stock
holders.
The Assistant Treasurer of the United States at
New York will tomorrow pay in gold, at his
office, the April coupons on the October 7.30
Treasury notes. The bulk of these notes being
held by the banks, most of the gold disbursed will
go into bank and will not come into the market.
The business at the Office Of the Assistant Trea-
surer yesterday was as follows
ror Ous'oins. lo0524 ~
1t gives us pleasure to publish the following card
from Messrs Bailey Lang Co., denying the in
furious rumor that the rihed cannon possessed by
the rebels were furnished by the Low Moor Iron
Works, of which they are the New York agents.
If the writers of the card will again peruse the
paragraph in article to which they refer, they
will find that il does not in any way "insnuate that
Messrs. W. Bailey Lang & Co. were the medium
subject, and merely wished to know whether the
Low Moor Iron Works, which, as their agents ad.
nit, have done profitable and extensive business
with the loyal States, had been supplying the
rebels with cannon, as was the rumor at Washing
ton. Messrs. Bailey Lang & Co.'s denial is 80 ex-
plict that we must assume the Washington rumor
to have been false and the question again recurs,
what British manufacturers supplied the rebels
with cannon. Cannot some of our merchants who
have houses or correspondents in England ascer-
tain -
n CARD
NEW YORK March 81, 1852
Apsragraph in the NEW YoRx HERALD OF the oath hav
ing notice. referring Low Moor
Company, of Yorkshire. England, having FURNISHED
the rebels with red cannon" OF their manufacture and
ntmang that ourselves as their American agents were
doubt the medium for this supply, hasten
rect unavorabe impression this unjust attack may
have created in the minds OF many friends who
patrons Of the Low Moor Company in the loyal States
The Low Moor Company have not knowingly supplied
any materials whatever to the rebels hOy truly
Northern in all their feelings, and have sympathy
with the rebel Furthermore, they do not rife
cannon which il positive evidence that the s'red
nom in question supplied TO the rebels by the
For ourselves should any of our friends question our
devotion TO the Union, may say ceased tho send
ing Of any goods the South the first seces
sion ordinance passed-which We believe, was
somewhat in advance of many loyal merchants, who
crowded their goods upon their Southern friends until
compelled 70 stop through want OF means Of transpor
We are therefore, forced to believe ha, the story OF
through motives Of jealousy arising from the of
the Low Moor iron IN the North to the absorbing OF 90
many inferior brands claiming the same merit.
". BAILEY LANG q CO., 81 Cld street.
By reference to advertisements in another col
umn, it will be seen that the firm Of Jerome Fitz-
hugh d Co., stock brokers, has been dissolved,
and that Mr.. A. G. Jerome carries on the business
nj Iou
formed new irm under the title of Fitzhugh l.
Jenkins.
The exchanges at the Bank Clearing House this
morning were ,334 72, and the balances
s., ,2O5 l57 So.
The State Bank of Newark has declared a semi
annual dividend of five per cent, payable April /;
the Farmers and Mechanics Bank Of Railway,
semi annual dividend of three and onehalf per cent
Interest on the bonds of the Brooklyn Central
and Jamaica Railroad Company, due to-day, will
be paid at the City Bank, Brooklyn.
| TIE New York Canal Board has resolved to
reduce the toll on all westward bound freight ex.
cept sugars molasses, railroad iron and railroad
chairs, from two mills to one mill per mile for six
| thousand pounds.
| The bank note companies are sending to Wash
| ington daily about thousand impressions of the
| legal tender notes. The department will not be
| able to pay them out as soon expected, on ac-
count of the breaking of some of the seals which
| the new notes are to bear-a special department
seal having been made for these notes.
Official notice is given to the holders of the out.
standing unsecured bonds and certificates OF
stock Of the old Erie company, not exchanged
under the contract Of reorganization that the
time for the surrender of them has been extend.
ed by act of the Legislature to the lst of July.
| stock Exchange.
| MONDAY March 81, 1862
s27OC0 s 6is, 81 ,cou 93I so shs PachcMSSCo s71s
5000 so......... s31s $50 N Central RR.. s2Is