The New York herald., 1862-03-21
FINANCIAL 4 ID COMMERCIAL.
THURSDAY. March 20-s P. M.

THURSDAY, March 20-6 p. M.
Wall street is very quiet. People are waiting to
hear from Island No. 10 and the Army of the Po-
tomac, and operations of any magnitude are gene
rally postponed until news is received. Money Is
in fair demand at on call, and for the
best paper; government certificates OF indebted
ness sell at 81 a SO.
Foreign exchange is very dull. Bankers gene
rally ask ll2. A few refuse to sell at this rate;
but, as general rule, the public are looking for
lower rates tomorrow. Gold fell a per cent this
morning rather to the surprise of spectators.
who, judging from past experience, took for
granted that it would be higher. The mistake
probably arose from their forgetting that the
government has not yet begun to issue its new
Treasury notes. When they begin to be paid out
at the rate of couple of millions day gold may
move, though it is not likely that it will touch
the high premium which our leading bankers so
generally expected. This afternoon it was higher,
closing 1915 bid.
The stock market was inactive to-day. and the
course OF prices irregular. Governments were
better, and Erie securities; but the general
railway list was lower. A concerted bear attack
is being made upon Toledo, Rock Island, Galena,
and the Michigan shares; and though the bears
have thus far lost money, they adhere to their
policy, apparently in the hope of Q defeat of our
armies somewhere or other. The bears in Toledo.
who sold the stock down to 44s4 this morning,
loudly assert that it is not intended to declare any
dividend this spring We do not know how this
may be, but we have seen letter from the Presi-
dent Of the road, announcing that dividend had
been earned. and would probably be declared at
the meeting which is about to be held in this city.
But whether the surplus in the hands of the COM
pany be divided or used to pay off bonds, the
result is the same so far rs the stock is con-
cerned the point is: has the road earned
dividend? and on this point there can be no
doubt. At the second board prices were rather
better than in the middle of the day. The market
closed weak, the following being the last quota
tons-United States 6's, registered 1884, 932s "a;
do. 6's, coupon, 1851, 935s a94; do. 5's, coupon,
1874, So 1a; Indiana SIS, 7SL so; Virginia 6's,
60 a 6l; Tennessee 6's, $50 ~ North Carolina
6s, 6S 70; Missouri 6's, 5l5 so; Pacific Mail,
95H 3. New York Central, s3114 ~ Erie, 37ss
%; do. preferred, 90 a "a; Hudson River, 35H
36; Harlem, l21A q: do. preferred, 81 80;
Reading. 4l% a AZ; Michigan Central, 56 ~;
Michigan Southern and Northern Indiana, 1871 "a;
do. guaranteed, 47H "a; Panama. l2O a l2lIs;;
Illinois Central, 651a "a; Galena and Chicago So
81; Cleveland and Toledo, 447S As; Chicago and
Rock Island, Sc a u: Chicago, Burlington and
Quincy, So 11s; Milwaukee and Prairie du Chen,
26 a "a; Cleveland, Columbus and Cincinnati, liz
-; New York Central rs. 1876. 102 a 1887; Erie
third mortgage bonds, 80 9311a; Michigan Gen.
trail S. first mortgage, lo3 l04; Illinois Central
bonds, rs, 81 q 95; gold, 1925 IaH,
The business of the Sub-Treasury was as follows
to-day
= or customs. ACKNOWLEDGEMENTS. VS. COO
Iayments 400 ,044 55
Balance 4,ooo ,o5 81
The following sales were made at auction by
Albert H. Nicolay:-
s. Gao Brooklyn city sixes ............. 100H
1000 Logan Co. Mining Man. Co., LIST mort IS
The exchanges at the Bank Clearing House this
morning were $50 ,s75 81, and the balances
~ lbs ,597 81.
The earnings of the Michigan Central Railroad
for The second week in March were:-
1851. ,!oI 60
ACKNOWLEDGEMENTS 33 ,5l3 80
Increase. ...................... Ssc5 70
The earnings of the Chicago and Rock Island
Railroad for the second week in March were:-
10 sss S 90
Increase. $500. 81, ,l07 %
The statements of the banks of the three princi.
pal cities of the Union for the last week compare
with the previous one, and the corresponding time
of 1861, as follows:-
Lons Deposits. Specie. Creuatr.
York. March 10 $l30622 10 l0o2670t 377S0O 5o0s S6
SSs Ssls" S.r.S &rn s ssss s;sf ssMssf s7s
TOT. sssl,oess4 las sls 4sl429oz ltsgsli
Last Last yea gs aisiS ss ss@ s1i.S s so Il &
The statement of the Boston banks for the last !
week compares with the previous week, and for
the corresponding week of 1851, as foows:-
March 10, 1852. March II, 1862 March is, 1851,
loans. SOL 1874 500 6l.746 923 62 5ll 72T
81 pecie ........ 409 535 S4Tl 500 5,36T ,y22 l
leposits 20 TsO ,20s 2O55..OTS 1sl26O3e |
Giro ulaiOn $685., ,l39 6,364776 6166 ,254 |
The statement of the present week, as compared |
with the preceding, shows decrease Of s57 577 |
in the items of loans and discounts, 1928 1868 in
circulation, $780, l3O in deposits, and an increase
of So, ,43l in specie.
The Boston Daily Advertiser Of yesterday thus |
notices the money market of Il al city
The week oroned improving market in money |
and stocks compared with the previous week. Money
has ell freely the various departments OF
trade, although comparatively speaking the demand
capital is still quite limited The movement govern
securities has been strong and active Tarties
ing full confidence that the rebellion rapidly ON the