, 1866-02-28

Sd1pps, Preston j. Ecan, in their - Daily Fl
nancial Letter" Of to-day, quote government secu-
rite. httncr% Their buying. rates, arc Tor F1ve.
Tscnttc-, ip7h; scren !Thisttes. s94 n9sH; Com
pound lu,cresf Eotes, t1asil 1es.s910sX; Cook
County Bonds, s::51 Scrip. 1fl6l07. They quote
an active demand for Land War7auts-
Those who hsys anticipated a large rescnue
from thr sale Of coun.card properly It the South
Will hc surprised to lcaru that The proceeds s1nee
The clotr oi the rebellion do not amornt to more
than S1a0.0o0.
in Boston the demand fot money is more active
At the banks and In the open market. The eupply,
however. continues ample. Loans On ca1] ARE resdL
y obtained at pr cent n cese tho security Is rat
j=factory 10 lenders but rome OF them are rather
particular about the quality of the pledges they
take. apd there Is continued objection to making
1oans on time. Shn1t dated paper IL taken BY The
banl;s at eeven md thrceteutht, and tho longer
pseeet. II Of the rtt caes, bought BY captiasts
ut seven and half TO eight per GENT with veg jtt.
tie dong tn the Inferior grades At higher rates.
The depntation from the New York banks,
with representative OF the banks Of Bo.to1, few
dayE etncc waited upon the Secretary Of the Treas
III! rrlettvr 10 The attempt Of TREASURER Spinner to
enforce The payment Of duly upon the gross depos.
IL Of the hanks A despatch sars: :.
s.7los slated TO the Secretary that frequently
their .ross Ftce!ps eight millions daily: tAat
anounis ra,d out the samc day would zraca nearly
thai figure. and That no bank could stand srca
1ax. The secretary informed them that .ha would
:tste the mauct careful examination, and would
communicate h decision 10 then as soou III ii sras
1uaue."
The organization Of the National Dankers4 Ex-
pfLSt Con1Auy u progressing with nj despatch.
Ihc Executive Committee vii make cals for five
peF cent The frrt day Of April, and dve per ceut
on the first da1 Of uuc and arc authorized to call
1tc pei cent more should it be deemed NECESSARY.
The linz from New York and Bot,un to Chicago
will be frnt opcpcdtt il believed about The 0rs OF
April
in New Tork The demand tor money On call IL
quite active. The calling IN OF 1oans haz nectsai.
1atrd thap inquiry, which, however, Ia met with.
out much difficulty ut eesen per cert A lapge
an:ouu. Of coin Il being !" carried y At T9s per
cent
Thc high sxie for cell lnaas has tnecled the de.
lnand for PAPER, and w1fh partial pressure to eclt,
1uthc1 higher tat&s Obtained. Prime paper sells
1T 7Gs per cent. the znajofity At 71{EtS; "good"
peteer slowly At sG9per cent: 1owcr grades arc
neglected, the rates being 1pda15 per cent
-In ST. Louis the money market Is gradually
working casics Thcrc Il considerable pnt,-r ofEr-
,pr for discount, and al good paper II readily
placed At 10 per cent p<1 aunnn. -:
AZ 10 the effect OF the singular r2nhion OF
tlrrre fer cent between the ra;e ai discount tn
London and Paris. the Eosoml@ Of 1cth Feteuat!y,
sAy.:
ut Is reported, aud we beieyB 1t Is said cosrcnz
y. ;hat the to'ctsn money ia London + ausment;
rate. OF lntcrcat and The Enelsh <1e y psoducioc
fs natural effect; ~ money if MOTE valuable here.
!, Il semins hsss. u son,so thle + a. W. a5 n; 70
1oEelgn MONEY make. tie market raskcr+ but 1t ie
..lua ayr ,tab" 10 he Withdrawn and 70 renders aug
great reduction IN the vufue Of money TO IN cqnal
r1teut rn1ikelr 1t 1e Il momentary benefit, 10 bt.
bor.hi by iutura disadvantage. Still. the credit
comes fss'. and thu debit will be felt afterwards.
aones ~ ,sp, e. ns receipt Of
Tie New York Ep<niag iou Of Saturday cnu:
1Atns the following:
The statement Is without foundation that the
pa, Drus account ot HE rescrEt ra'cs Or uovr5a
3ncns gold, Among the {uduhtable proofs OF this
VIC 1nsy mention the tses. that no hank hat tnsde
application At the snh-1reatarT Ior an e1ten4ion
1Aat payn1fnts have ail hsen made promptly; and
1hst no Withdrawals by the banxt nre reported Of
1heir Temporary detoeits IRON the rub Trclrnry.
"a gentleman who has bccu visissng tho coal
anlncs In pcnnry!sania NTH the purpose OF les.n-
3aE Why coal coats 40 much In New Iesk GtT,
sysitcs the result OF hie observations to the EoTd
lie tays the cost Of mining one ton OF coal IL IS
cents; rnyaity 10 the owner Of The mine, <0x; !;
transportation 70 cspal. n; freight to Ncv Yo.k
81 50; government ta1 and weighing 4 making
7be total cost Of 40 pounds Of coal at New York
s4su The pnoe Of q ton, 900 pounds, 10 the con.
eumet IL f1xtQ
The MINING pfoddc14 o. tne county, II 1aju,
amounted to $10G, ,9s4, 100, md The manufacturing
,n,gscsta Immediately CONNECTED with mining, to
1abss,ooo. Iron ore IN The rongh worth - ooo
Na. Increased by Manufacture to tne Ealas Of ets2
Ss1Uo.
-Penusslvan,a stands first ~ coal producer
Ohio mkt, and 1lltnoit third. IT Is said thst the
1neclxnica force euppl'ed t1 coal u equisatat to
aAaddihon 10 human power of the labor Of twenty
eight million man working eight houEs day
The home railroad companies oi Philadelphta
feron thetr reeepts for lhc ycar l6a3 Is e IL.
Ihe eoeond md Third street company received
a4W"p: .ne Asrse. street, <ss,es Fifth md
Sixth eaeets, f262, ,Gn: aud ftecu othess smesuts
aaryfn: frorn FIJI, 600 to tEeoo.
Tho records OF the Treasury Department sbov
7Aa since last April the seeded statc. bavc ns,d
1evennc Of f9a 600 600. Loui.iaas pais ss it ;vo
OF thts aDonnt, while Tisginla con,rtlulcd nu,s
Sl,MD.6A- -
The n. I. Ecoaonaist announce. the fa1,u,c n,
a. r. Lane, larEa wool dcalcr, Of I,t,i,ade1ph,.
III. liabilities ate reported At $1o2, 900, and h,s
tspood" s.eeis 4. $4,000 he oner, Is crntr On A
dollar. giving bis oxn uucndosrod noles ai6 =, Il
Ruu Ii months. :