The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-17
FINANCIAL AND COMMERCE


WEDNESDAY, Feb 1857. NJ
re steamship Asia took out sslo,bso In specie ON
height to-day Exchange closed II loox for sterling;
&l2k 6l3X for francs bllson Frankfort At AK, on
Ham urg SEX. Bremen at 79x. These rates Of ex
change and this shipment Of Specie are, every
Asews, very unusual 1t this Of the year Gene
saly in the middle Of February, shipping 80 much
and breadsus that exchange rules considerably
below the specie shipping point This year has proved
disastrous 10 SHIP breadsus and the export Of wheat
and -four quite Insignificant, while cotton is held so
high this side that cannot be shipped except al
heavy Hence ar compelled to pay our debts TO
Europe gold partial NEEDY for this state OF things
would be produced by by the holders OF cot
sen which would shippers TO send forward large
portion of the million bales al on hand Many persons
believe that will have come to this and that tue longer
Hhe holders of watt the more 1t will cost them
But at present they quite unyielding They are
dsbelieves in the of wars, and they appear 70
expect larger demand both from the continent of Europe
and from Great Britain, than is indicated by present
symptoms So long they adhere to this belief and 30
hong the money market enables them 10
hold their cotton must be expected that specie WILLOW
out especially the dry goods import promises 70 Do SO
large.
There is change o-day in money A few loans are
stall allowed the hands OF responsible brokers'
fwhose business worth considering by the lender at
ave cent, Dut no new rs fuc, tanc
place uuaer six miscellaneous collateral seven s
asked and obtained The lowest for very choice
accepances under sixty days 60 per cent the usual
rate class paper and very good names indeed
ere done Al g. The policy Of the banks is clearly
defined; and though Of the bankers appear
Affect 70 beieve that the present increased
activity will be checked oil who watch the
oourse of prices, and the handsome profit which
al KINDS Of imports are PAYING must expect
rather than decline in rates II Is fortunate
for the that disbursements made by the Sub
Treasury operate balance part the drain upon them
Cor specie for duties, for the loan and for export
there been much conversation the street respect
ing the alleged forged bills OF Coonla Bank at 6rba
dOes but the European letters morrow
thing positive will be the subject The guesses
which are the vary from flO 900 ~
600. Naturally eneugh people not sotcitous To
proclaim that they sSndied and as is not likely
mai any hing viii be recovered from the rogue, those
who have suffered will say little possible about it,
We by the Mcssrs. Kings Sons & Co that
hey of the bills Three German banking houses
Of high appear thus Tar 10 nave been the chief su
tsreIs; tue aggregate loss may
$4,000. however quite possible that other fraudu
nt bills may yet Of that the knAve who
perpetrated swindle hat been for time
habit OF dong moderate amount Of business through
German banking house In this city. He forged letter
from mercantile In Bar BADGES TO himself advising
him Of o large OF money in Colonial
bank bills London Presenting this letter to the house
where he was known, and with the letter the forged
bills he seems, Induced the house TO endorse some OF
them ana buy them; thus currency given the
others aud be enabled dispose Of the whole In
most cases appears that the parties who the bills
got only iIss and seconds and 10 receive the
shnds IN the course Of Jay or This fact
thAft NOT lat
ALL rogue having sent forward the thirds for
collection disposed Of the rsts and seconds
me language OF Abe telegraph despatch Is, however pre-
rays the bills were "forged" AS general rule,
would always be SAFER for bankers w refuse all bulls
which offered 10y unknown parties. Any mao who
has thousand pound bill find IN this great
city W answer for his character, at all events for
the probable nature Of Transactions; if he cannot the
presumption is against his bn.
The stock market presents feature The only
stocks pubic buying fe~ State stocks
here anu there some Of the best known city bonds
Even for these the demand has been light of ate
parties preparing pat their money into merchandise
sr business which, present appearances promises
Be more than stocks The new government
loan again sold this morning at l024 It moves OF but
slowly Some of the successful bidders likely 70
avail themselves Of the delay granted pay
IN The amount Of the award State stocks are steady,
without particular change The ouy active stock to-day
% the Of specustives Reading, in which the
usual contest being carried between the New Workers.
end the Phladephians This dpht costs New York and
Yields 10 Philadelphia several thousand dollars month
he Phadelp buy the stock, aud take all the
tracts for future delivery offered by the New Workers.
yery btte management reduces the Of stock the
market 10 a rise, and by the time the New
York mature, they net their akers loss Of
Ahree five per cent The Phiadeiphians then throw
their stock the market and withdraw from the
test and the falls When it is low enough they
come m again as buyers and beat the New Workers
before The latter always seem 10 have the tact or the
buck buy and TO sell at the wrong times. There
moderate movement TO day in some of the Western
Stocks sucn Galena and Rock Island both Of which
closed higher afternoon than yesterday. These
roads have most Of the railroads OF
this couptry--tbey have a small debt and, wnen
they do not money, need not pay much Out
"a the shape Of interest or dividends The
very Of all the Western roads will depend on
the same consideration; if this years crops are
soun.ul the roads will do WE'LL they not the roads
will lose money Thus far the weather has not been
favorable might have been wished. The Michigan
without change Coal stocks continue 10 be
nodera tey active, and rather stronger in price. New
York Central weak this morning, but recovered
wards Of day. The prospect that Will
be very plentiful for the opening The large blocks of
stock which held in two hands gene
rally distributed Pacific Mail advanced \ per To-
day; Panama also fraction higher. The marke,
closed steady. The following the last prces-Mis
souri, s4k u; Caoton, 1sX 2o1<; Cumberland, 22zI
p; Pacinc Nal, TEX Tx; New York Central, 7sX
7sX; Erie, lSa u; Hudson, so a "A Harlem, 10 y
Reading, 493l u; Michigan Central, so u; Michigan
Southern, Is u Michigan Southern guaranteed, AK
X; Panama, lltk II Illinois Central, 81 Y; Galena
6sx y; Cleveland and Toledo, Box 81; Rock Island
sox 81; Nilwausie and Mississippi l3x u; La Crosse
and Milwaukee, lax.
The following WAS the business Of the Sub Treasury To-
day.
Tosa receipts $S4 ,4s3 81
-tV curtomes.... fo,'V w
Toeal pay ments. 2i5376 "a
California drafts Observation-Disclosures. 10000 OF
ID