The New York herald., 1862-08-02
FINANCIAL AND COMMERCIAL.

This is the first day of the new tariff, and like
wise tho first day for the new stamps. The latter
are not ready yet. They will not be legal ten
der between man anI man; but as the govern
ment will receive them for taxes they will pass
freely current in all transactions. The demand
for demand notes for Custom House purposes has
not fallen off as yet. Many valuable cargoes,
which were sent to sea in the hope that they
would reach this country before the new tariff
went into operation. are still on the ocean, and
will have to be entered under the act of 1862.
Money is very abundant at a per cent
on call. The banks. whose deposits are increasing
rapidly, are free lenders Mercantile paper is 5
for prime; certificates Of Indebtedness down
to 9SI again. All opinions are agreed that pre-
sent indications point to long period of ease in
the money market, and that, were it not for the
four per cent deposits at the SubTreasury loans
call would fall to as low rate as in London, say
2 2N per cent per annum.
Exchange opened this morning at 127. fell to
1875, and closed l25 a l2614-bankers' bills in all
cases. Gold opened at ll5s4, fell to ll51, rallied
to a. declined again to about Is, sold in the after
noon at 1l51 and closed 1l51a bid. The fuctua-
tions in gold and exchange are so rapid and vo-
lent that prudent operators beginning to object
to deal in them to any extent 1t is evident that
our export trade is supplying all the bills which
may be required by importers, and that the pros
pect of mportations Of gold from Europe for the
sake of the premium is becoming very clear.
The stock market was better to-day, with
small increase of business. Many persons in fnan
cia circles continue anxious and uneasy about the
FUTURE but as a whole, the feeling was more
cheerful to-day than it was yesterday. Govern
ments continue depressed, and rather dull at yes
terday's decline. The general railway list mprov-
ed chiefly on the strength Of the large traffic on
the grain roads. At the first board New York
Central advanced "a, Erie preferred a. Michigan
Central a, guaranteed ss, Galena "a, and ROCK
Island l per cent. Pacific Mail decln-
ed "A, Harlem II; Erie, Southern old,
Illinois Central and Toledo were steady
Bonds were without change. Between the
boards the market rather better. At the
second board the market was rather better
Central sold at 80, and as general rule the spe-
culative shares were in better demand. There is
no stock pressing ON the market for sale. The
market closed steady. the following being the last
quotations-United States 6s, registered, 1881
80 991&; United States 6's, coupon, 1881, 9ss%
9sa4; United States SIS, 1874, s51l s5s4 Trea-
sury notes, Z $40 per cent, 1925 1927; Ten
HeSscc os, oV/4 ou/a, VHBil6 D ., o. d of/4'
North Carolina 6's, 65 66; Missouri 6's, 45T o
4s; American gold, ll5M a 1851; Pacific Mail,
1l014 Ill; New York Central. s9A s91ss; Erie,
| 33I s3ss4; do. preferred, 62ss 62s4 Hudson
River, A a 4414; Harlem, AZ l4ss; do. pre-
ferred, IS 351S; Reading, 55sSa Sc; Michigan
Central, 59h 5sM; Michigan Southern and
Northern Indiana, as a 2514; do. guaranteed,
55h 55ss; Panama, 1887 ls4; Illinois Central,
5sN 81 Galena and Chicago, 6711l q SO; Cleveland
and Toledo, 46T Al Chicago and Rock Island.
| 62T 63; Chicago, Burlington and Quincy, 771l
| 7s1I; Milwaukee and Prairie du Chen, 31H q
3l%; New York Central Ia of 1876, 1O5 LOG, cx
interest; Erie third mortgage bonds, 9sZ =;
Michigan Central SIS, first mortgage, 1917 q
1857; Illinois Central rs, 951I 96.
The dry goods entries last week were unusu-
ally large, in consequence Of the approach Of the
| lst Of August and the new tarf. They amounted
| to s2,495 $50, against 900 same week last
year, and $2,sl1 900 same week of 1o60. Next
week and thereafter our dry goods imports should
| fall of.
The Sub Treasurer received to-day $3.50, 900 on
deposit at four per cent, and 81 500 900 in legal
tender notes from Boston. The business Of the
| Office was as follows:- -
81 9ls .0a q
-