The New York herald., 1862-02-22
FINANCIAL AND COMMERCIAL.

FRIDAY, Feb. 2l-6 p. NJ.
The money market is more active. and no loans
can be obtained at per cent. The brokers are
paying and per cent for money. and taking all
they can get to carry stocks with. Mercantile
paper is scarce; tho highest grades sell at 5L Z
per cent.
Exchange advanced to-day. There were pretty
large transactions at about la for sterling and
4.97% for francs. At the close Of business there
were first class bills Offering at these rates. We
notice that took 81 500 900 worth Of foreign dry
goods last week, which explains the demand for
bilis Gold advanced. on the prospect Of the pas
sage Of the Treasury Note b it sold freely at 3ss
and closed 3ll bid. With gold at this premium
there is no profit on shipments Of specie to cover
bills sold at ia. 1t is however, understood that a
fair shipment W II be made tomorrow. oa account
of foreign houses
The stock market was more active and more
excited to-day than we have ever it. This
wasdue partly to the understanding that tomorrow
Saturday shall be kept as holiday. which forced
three days business into one. On the other band.
the cheerful news from Missouri aud Tennessee.
and the advices Of the passage Of the Treasury
Note bill. with most OF the Senate amendments
through the, House, naturally encouraged the bull
operators, and increased their nnmber. = Thapuh.
lie are buying Tennessees. Missourls and other
Southern State stocks with more reckless.
ness than Judgment. The subjugaton of the
Tennessee rebels has only Just commenced, and
no one here has the least idea Of the condition OF
the finances of that State; it can hardly fail, in
any event, to come out of the war crippled,
ravaged aud with credit ana resources gravely
impaired Yet there not wanting buyers Of
lis securities at Gl cents the dollar. Missouri
perhaps. occupies better position, as the war
will probably render her a free State. But Mis-
souri, skies have already risen IA per cent.
There is no reason to suppose that the
interest on them will be paid for some
time. aud the first act of the State 60
vernlnent, after the war, will probably
be- to issue some more of these skies to raise money
to effice the ravages caused by the struggle of
which that section of the country has been the
theatre. There is an active demand from the pub
lie for first class railway bonds, and this appears
based on much sounder principles than the demand
FOR Southern State sto cks. at the same time, all
the best classes of bond S are very. high.
At tho second board to-day tn ere was an
attempt to realize by some of the bulls and prices
gave way in some instances Thus Erie. old and
preferred, closed "A lower than last evening; Bur
ii1gton and quincy feli Oh q, racine Ma1l 4, and
dudson River "a. The great bulk of the specula-
tive shares, however, closed higher than yester-
day. The greatest advance OF the day was in
North Carolnas, which rose "a per cent, while
vrginias rose 3s4, Tennessees ~, and Missouris
SO. The advance in governments was 4 on the
coupon aud Is on the registered stock. Among
the railway shares New York Central rose "a
Harlem Il, Reading /, Michigan Central 5s, South
ern old "a, guaranteed Is, Panama TX Illinois
l, Galena e. Toledo "a, Rock Island q.
The business Of the sub-Treasury was as fol-
lows to-day:
tota rccepts. SoUosu5 81
-For lcIvOV w
80
Balance ,o2l $50 52
The exchanges at the Bank Clearing House this
morning were sl6,O5s,s5s 81, and the balances
81 ,0l9,l79 Is.