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The Daily Dispatch: February 5, 1862., [Electronic resource], War news. (search)
War news. From Northern papers, of the 1st February, we collect the following: Federal Financial matters. New York, Jan. 31. --In some quarters there was rather more demand for money to-day, and many of the brokers are paying six per cent. Others, however, obtain all the money they need at five. First class paper rules, as yesterday, at 6 a 7. Letters by the Africa state that no less than $55,000,000 --$275,000,000--are deposited in five joint stock banks in England, at 1½ per cent. Some English writers state that a portion of this money would undoubtedly be invested in American securities but for the general impression that we are a nation of swindlers, and do not intend to pay our debts. The securities of Brazil and Turkey appear to command a higher position in British esteem, and are rising in the market. The last quotations were as follows: United States 6's, coupon, 1881, 89 a 89¼; do, 5's, coupon, 1874, 78 a 79¼; Indiana 5's,--a 7, Virginia 6's, 51;