The New York herald., 1862-03-04
FINANCIAL AND CONNER ClAL.
MONDAY, March SO p. NJ.


MONDAY, March Sc P. NJ.
The bank statement Of to-day compares as fol-
lows with that of last week.
Week end'g Loans. Specie Ci,culm. Deposits
March l.. .is'.s1a:ass 2S'sass5s Ssssss4 io7s'4sss
increass'. Hsarsss'.'S'10'.0 ssoss7 1000. 1'''"
This is about what was expected, and shows
that the position of banks is satisfactory and
that they are gaining strength. The curtailment
in loans is rather heavier than was anticipated.
To-day the banks are paying out demand notes
freely, and receiving them at par as "currcnt
funds" The reduction in their circulation con-
tinues. As the demand notes are legal tender,
and the new notes will be the same, there is no
reason why the banks should seek to curtail their
circulation still further. Spectators who collect
bank notes for the purpose of drawing the specie
cannot now object to receive Treasury notes in
lien of gold.
Money continues quite active, and seven per
cent is readily paid for cali loans. Parties in the
country who have money lying idle can readily
make it earn seven per cent, with undoubted secu-
rity by lending it to the brokers. Paper continues
very scarce, and choice names sell at a Z per
cent.
Foreign exchange opens dull. Bankers ask ll3
for bills on London, but the trade do not yet seem
inclined to give so much. The supply of bills is
limited, however, and if the imports increase the
bankers will carry their point. Gold was lower again
this morning; it sold at 1927 in large amounts at
the first board. This afternoon it sold at l02. Spe
culators who have large boards of gold had better
not wait too long to realize. The collapse of the
rebellion will very cause gold TO fall to par.
The stock market continues healthy, with fair
amount of genuine business, but without much spe-
culative activity. The leading operators seem to
say that they are waiting for news from the army.
At the first board to-day the general spe.
culative list was better. Tennessee skies
rose Ia on the report OF Andrew John
sons appointment as Governor; Michigan
Southern rose "a. Central 4, Toledo 4. Illinois
Central - and government G's Il. Between the
boards tue bears got up variety OF sensation
stories about a demand of the Emperor Napoleon
on our government, defeat of Banks &C., &C..
and prices fell off fraction. At the second board
the market was inactive, without change of price,
and closed so, the following being the last quota
constituted States 6s, registered, 1881, 931t
4; do. 6's coupon 1881 925s q; do SIS, coupon,
1874, s514 4; Virginia 6's, coz -; Tennessee
6s, 6l5 a62; Missouri 6's, 52s4 53; Pacific Mail 81
o.; New York Central, s31& x; Erie, 3l94 a;
| do preferred, 5s1s "a; Hudson River, 371. "a;
| Harlem, 1214 a: do. preferred, 29% "a Read.
| ing, 427s 431E; Michigan Central, 539< a 5iIi.
| Michigan Southern and Northern Indiana 23sI a
| e; do. guaranteed, Az q; Panama, 1ls% a
| ll91a: Illinois Central 6l5S IS; Gaena and Chi.
cago, Gs4 "a; Cleveland and Toledo, 45ss a az
Chicago and Rock Island, 56A "a; Chicago, Bur.
ngton and Quincy, 6l%; Illinois Central
bonds, rs, -a94; $40 Treasury notes. 991l "a;
| gold, 102 Is.
On Thursday next the first OF the new certificates
| ofndebtedness will be printed and forwarded to
| Washington. 1t is understood that 81 900, 900 a
| day will be printed, and there is no doubt they
will be paid out by the Treasury Department as
| fast as they are received. Rumor asserts hat the
| government owes s75 000, 900 to 800 900 900. At
this rate Mr.. Chase will pay out to creditors this
| new paper at the rate of over million and a half
| day for six or seven weeks. The new Treasury
notes will be ready we understand, by the end of
| the month and they, in like manner, viii be paid
out to the troops and TO creditors as fast as they
| can be printed. 1t is possible that the prospect
| OF large amounts of certificates OF indebte duess
\ coming here for sale may have something TO do
| with the active inquiry for money These cert6.
Gates will doubtless operate as absorbents oil
money; but, on the other hand, they will to some
extent take the place Of money, and will probably
exercise at least as potent an influence upon trade
and values as the Treasury notes themselves. The
payment ola million and a half per day in this
twelve months paper will relieve both the govern.
ment and the contractors, and will supply the lat.
ter with means to pursue their business or effect
investments
The business Of the Sub. Treasury was as follows
to-day:
hscelps vi ,I33 $40 81
rol ,e1s's 131 900 90
bN'an|e'.''' 4,07g,750 70
The following table will show the earpiups of
the Michigan Central for the past three months. as
compared with the corresponding months of The
previous year.
Dec 1860 =. . s12D0 022 2s Dec, 1861 so,o ,aa "a
| Jan 1S61..... 142333 20 Jan 1862 M 29o'isS ~
Feb, 1s6l.... 119,763 81 Fob. 1892 say Iso ooo 99
|
Total ..... ..sS91,12o % Total. ... e. $500 ,2aa "a
The following were the Hudson River Railroad
earnings for
February 1882 .s. ... s281 1858 n
February l50l........ 21J2 2f2 O.
Increase. $40 225 a.
By reference to advertisements ia another