The New York herald., 1862-03-23
FINANCIAL AND CONNER CiAL.
SATURDAY, March 22-6 PM.


SATURDAY, March 22-6 P. M.
Money is easy at a per cent on CALL The 60
vernment Indebtedness certificates are selling at
9S1a, which is an index to the abundance Of money
and the confidence felt in the government. Foreign
exchange closed dull at about liz, gold being
worth 4 20.
Stocks were inactive this morning, but prices
were generally frmer. Governments we're freely
taken at 941T. Ii the banks would keep out of the
narket'for a couple of weeks they could sell just
as fast at SO as they arc now doing at "a. The
most active of the speculative stocks was Toledo,
which, was expected reacted from the decline
of yesterday, and advanced IA per cent before
the afternoon board. The short interest in this
stock will apparently lose some money. There
was no change at the morning board in Erie, Cen.
tra, the Michigan shares or the other speculative
stocks. After the board the market generally ac-
quired more frmness on the news from Europe.
At the second board everything was better.
Toledo rose Il per cent, Erie "A, Illinois x, Erie
preferred "a, and other stocks in proportion. The
market closed firm the following being the ,ast
uotations:-United States 6's, registered, 1881,
81 9i do. 6s, conpon, 1881, "a Il; do. SIS, cou-
pom, 1874 s71a "; Virginia 6's, 6O1s 6l; Tennes-
see 6's, 5s1S So. North Carolina 6s, 20 II; Mis-
souri, 6's, 525s 9 "a; Pacific Mail, Sc a u; New
York Central, S31a "a; Erie, 37ss 3s; do. pre-.
ferred. 621S ss; Hudson River, S524 a 3614;
Harlem, l21s 1871; do. preferred, 3l1S a 80;
Reading, AZ x; Michigan Central, 561. q "a:
Michigan Southern and Northern Indiana, q
x; do. guaranteed, AK 4s; Panama, l2OH 12l;
Illinois Central, &C a "a; Galena and Chicago,
SO a u; Cleveland and Toledo, 4s a q; Chicago
and Rock Island. 5sss 81; Chicago, Burlington
and Quincy, 6s a %; Milwaukee and Prairie du
Chen, 26114 a "a; Cleveland, Columbus and Gin.
cnnati, liz 49, Michigan Central SIS, first mort.
gage, 1O2 104; Illinois Central bonds, rs, "a
"a; gold, lOl14 %.
The Chancellor of New Jersey. in an elaborate
and very able opinion, has decided the long con.
tested case of the Zinc Company vs.. the Frank.
Unite Company. The Sussex Register says that the
amount involved in this controversy was property
valued at one million dollars. The pending suit
related to one.half Of Mine Hill, located at Frank
lin, Sussex county New Jersey, which, according
to DR.. Jackson's report, contains nearly two mil.
lions Of tons of ore above water level This ore, in
admxture with other iron ore in the blast furnace,
produces a cast metal of ten thousand pounds upon
a square inch more than any gun metal used by the
American or English government. Captain Dahl
gren tried the Franknite metal in connection with
Cloverdale pig, charcoal iron. The Franklinte
is On anthracite metal. The result was that the
tensile strength was increased fifty per cent over
the charcoal iron alone. We learn that all the
Franklinite pig in the market has been bought up
within few days, and that an English order for five
hundred tons cannct be executed. It is said that
this iron will make boiler plate for iron-clad
steamers superior to any in use. Valentine & But
ler safe manufacturers, have been trying many ex-
periments by coating plates with Franklinite. The
government should without delay cause these
plates to be tested as to their tensile strength and
their tendency to resist cannon balls. The Frank
Unite Steel Company leased portion of their
mines at Sterling Hill few years since but the
parties have failed TO do anything towards getting
out ore or establishing manufactory for turning
the mines to practical account. We learn
that the company is arranging for the resumption
of the property, and intend to put up works soon
for the reduction Of the ore.
The business of tie Sub. Treasury was az follows
to-day
Receipts. IA. .252 eS
For customs. ....,,....,,,.,........ 1ls,000 90
Payments 149, 300 43
balance 4,s5S,ssi 10
The Hammonia this morning carries out $780,.
9l5. and the City Of Washington $229 ,sl2-in all
si62,727.
The exchanges at the Bank Clearing House this
morning were sl6,s69,sO7 &C., and the balances
81, ,A03, ,724 81. The exchanges for the week end
ing to-day were s1l5, ,376, 1881 O5, being daily
average of sl9 229396 81, against 81 1926 1929 CA
for the week ending on Saturday last. The Hart.
ford and New Haven Railroad has declared a
quarterly dividend Of two AID half dollars per
share, payable on the lst Of April at the Union
Bank. The Chemical Bank has declared its regular
quarterly dividend Of six per cent, payable on the
LIST OF April.
The annual election Of the Michigan Southern
Railroad Company will b held on the I'd of April,
and the transfer books remain closed from April 2
to April %, both inclusive. "
The Milwaukee Sentinel says Of the -four and
grain in store at that point
The Secretary OF the Chamber OF Commerce has ascer
tanned the amount Of -four a store here on the lat inst
have been 10a 900 bbs that the stock OF -four in
ths city cannot be less than 125 bbs Adding tha
receipts Of wheat since the 1st inst to the amount i
store at that dato gives ap aggregate of 3234 900
ed this s the largest stock ever held any city on the
continent,
stock Exchange.
sAftaD4Y Morch %, 1862.
$4,000 Us 6's '5t, ,cou OF 100 shs N Cen Ri. s3k
25O0O do lots 500 g4iS 9 do......... s3X
5000 do......... sis 100 do..... .b30 S3f
4500 LJSGs stOrwlEy 93N 200 Erie RR. .....,. 373<
500 Trl $40 SIN 1904 400 do.... .: 371l