The New York herald., 1862-03-25
2,695.425
S5 ,OU7 ,47U
1850, $40 355, ,443

Increase. / $50 $40 s55,44S
The decrease in the loans which is heavier than
was expected, shows how freely our banks have
been selling their government securities. They
have reduced their discounts below the figure at
which they stood two years ago at the correspond
ing date. If they are wise, they will sell no more
per cent bonds, but allow them to touch par be-
fore supplying the demand. The specie reserve
continues to increase. II is now nearly ten mil
lions higher than il was eleven weeks ago, when
the banks suspended. The circulation is likewise
increasing which will be received with satisfaction
by the public. A good deal of Inconvenience has
been caused by the withdrawal Of city bank notes
from circulation. People who never carried any
thing but gold or city bills have lately been CON-
PEELED to take Pennsylvania and New England
money.
Money is in fair demand at 7 per cent. Some
lenders declare that they have no loans out under
seven, while money borrowers are positive that
they are not paying over six. Parties bringing
money into the street to lend on call would not
probably get over six for il though spectators,
seeking to borrow money on call, would probably
be obliged to pay seven. Treasury notes are
fairly active; the brokers give par for the skies
and seven-thirties, and sell the latter at l0011.
Mercantile paper is rather more abundant than it
was, and the bankers are taking good deal of it.
Foreign exchange is as yet inactive tomorrow
is packet day, the st amer sailing on Wednesday
morning. Bankers ask ll2 for sterling and 5.O2A
sos for francs, but people do not seem willing
as yet to give so much. Gold is steady at 1917
lOlsS. The general impression among bankers is
that gold must advance; but some Of the Wall
street spectators have discovered that it can be
sold short, and kept out with almost certainty Of
profit, and they supply the demand. Rumor states
that few houses in the street have contracts out
for the delivery Of from IS 900 600 to 81 900 in
gold.
The stock market continues firm, with a mode
rate business. Governments continue in demand.
The skies rose 4 per cent this morning, and were
wanted at the advance. Mssouris and Tennessees
both advanced a per cent; and at the morning
board Central rose 4, Erie x, Michigan Central
a, Rock Island "a, Toledo 2s, Prairie du Chen "a.
We learn that the meeting Of the Toledo directors
will be held tomorrow, and that a per cent dvi.
dend will be declared this week. This company
has never defaulted on any Of its payments, and
is now in condition, after five years Of embar-
rassments, to resume It's position on the dividend
paying list The stock used in former times
to fuctuate between 60 and so per cent.
Between the boards the market was with
out change. At the second board prices were
well sustained, and Pacific Mail was higher.
The market closed steady, the following being the
last quotations. States 6's, registered,
1881. s41S q u; do. 6's, coupon, 1881, s414 u;
do. SIS, coupon, 1874, s7H q; Indiana 5's, rs
=; Virginia e's, 5s a so; Tennessee 6's 5ss4 so;
North Carolina 6's, SO 70; Missouri 6's, 522 53;
Pacific Mail, 97A "a; New York Central, s3ss
A Erie 37I 3s; do. preferred, 81 e; Hudson
River, SO "a; Harlem, l294 10; do. pre-
ferred 3lH 80; Reading, 4294 i3; Michigan
Central 5624 a 57 Michigan Southern and North
ern Indiana, 1917 "a; do. guaranteed, AZ q
4s14; Panama, III a "a; Illinois Central, GG "A.
Galeua and Chicago, 69h a "a; Cleveland and
Toledo, 4e24 u; Chicago and Rock Island.
56sl a 57 Chicago, Burlington and Quincy, C2L
a e31s; Milwaukee and Prairie du Chen, 2Gs4 a
271I; Cleveland Columbus and Cincinnati, liza