The New York herald., 1862-04-24
FINANCIAL AND CONNER ClAL
WEDNESDAY, April 23-,


WEDNESDAY, April 23-6 M
The ease In the money market continues, and
was further increased this morning by the an.
nouncement of the reduction of the government
rate of interest to four per cent. To-day money
was freely offered at five per cent on call, and
paper of the highest grade was in demand at FIVE.
Four will doubtless be the current rate for money
next month and throughout the early part of the
summer.
Foreign exchange closed steady at lf21S a fer
bankers bills, without much activity. Gold is
frmer at lolMas4.
The stock market was firm to-day, with rising
tendency. At the morning board governments
sold freely at 9414-an advance Of one-fourth per
cent-and were alterward in demand at that price.
The recent short sales of governments at 921a 90
will cost the bears something. Without some
serious disaster to our arms, government
skies will sell at par this summer. In
State stocks there was not much change.
OF the railway shares, the most active were Erie
and Central, which are steadily advancing and
Toledo and Illinois Central, which were severely
hammered by the bears. and which declined a o
u per cent. All kinds of absurd rumors are
set afoat by the bears to frighten the holders
of Toledo The facts are simply that the road
earned last year between 6a7 per cent on its
stock over and above expenses and interest that
its floating debt is fully covered by available as
sets, and that there is every reason to believe
that it will earn this year (1s623) over million
dollars-or more than it has taken in any year
since 1856. Under these circumstances there is
no reason why holders should sacrifice their pro-
perty at present prices. If speculation revives, It
will seize upon Toedo-being low priced divi-
dend paying stock-at ls1et as quickly as anything
on the list; and, with or without speculation, the
income of the property will cause the stock appre
ciate gradually. Between the boards and in the
afternoon the market was steady, the most active
stocks on the list being governments, Erie,
Central and Toledo. Stocks closed steady,
tho following being the last uotations:-Unted
States 6s, registered, 1884, s4 94sS do. 6's, cou.
pon 1881, 941 942S; do. SIS, do, 1874, s6T 81;
Indiana 5's, II a zs; Tennessee 6's, 56 q 5e1l;
Virginia 6's, 81 o -; North Carolina 6's, 6311a
G5; Missouri 6's, 4eH 49ss; Pacific Mail, lo4T
lo5; New York Central, s3H q s3H; Erie, 371s
37A; do. preferred, 62H a 621; Hudson River,
S5l.a SO; Harlem. l21Ia l21s; do. preferred, 80 q
81; Reading, 43H a 43A; Michigan Central, 54s4
IS; Michigan Southern and Northern Indiana, 22%
22s51; do. guaranteed, 451 455S; Panama, l22
1881; Illinois Central, 694 591l; Galena and
Chicago, CT q 671s; Cleveland and Toledo, Al q
Az; Chicago and Rock Island, 5411Ia 54Is; Chica'
60, Burlington and Quincy, 62 62114; Milwaukee
and Prairie du Chen, 25H q 26; Cleveland, Co.
lumbus and Cincinnati, ll2H 1l3; New York
Central rs of 1876, l03 1887; Erie third mort
gage bonds, 927s 80; Illinois Central bonds, rs,
s6H 81; gold, 1919 10lA.
The Sub Treasurer has received no official
mott of any change in the rate of interest to be
allowed on government deposits, and continues to
pay five per cent. The deposits to-day fell short
of three quarters of q million. The business Of
the Sub-Treasury was as follows
-For customs lof OOO w
Paymont3. ooot pIoO %
Balance. .................... S,oo9,'31 w
The Asia to-day took out only $l67,226 81
The California steamer brought $63O,OO0
The exchanges at the Bank Clearing House this
morning were $ls, ,46O,562 SO, and the balances
81, ,2s4, ,o63 Sc.
Annexed is a statement of the receipts and ex
penditurcs of the United States for the quarter
ending December 81, 1861, exclusive Of trust
funds:-