The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-15
FINANCIAL AND COMMERCIAL.
TUESDAY, Feb. l4-6 P. NJ.

TUESDAY, Feb. l4-6P.M
BY the arrival Of the Bohemian at Portland, we
have four days later news from Europe. The point
o6 the news IL o further advance in the Bank Of
England rate of interest to Aper cent. The move
vas fully expected; indeed, some surprise was felt
that the directors had not raised the rate at the
court held on the 9th Of January 1t is hardly
necessary to observe that the object of tie banl
IL to forfy itself against the present drain Of sp'
Gle to India. Every mail from India brisgs larf 70
amounts of government paper against which Il he
British authorities obliged to ship silver to al
cutta to buy this silver the continent Of Euro pc
the Bank of England has occasionally been dra' Hn
upon for f50O,00 of gold in a single week. Got
toa is still very firm, with advancing tendency.
IN breadstufs and provisions there was no charge
of importance. Consols are again fraction
hover.
Money continues in fair demand at previous
rates. The note brokers report active Gay, with
q fair offering both Of paper and money. On call
there is no change, and but little business doing.
The Sub Treasury continues to accumulate money
10 the prejudice of the banks.
The following is comparative statement Of the
exports, exclusive Of specie, from New York to
foreign ports, for the week and since January IL
1853 1850. 1860.
f;., ss ssis
sapce january 1 81 ia ,oo4 b77s,4 400 s,7sa, aa4
There is still an increase over Sast year, bet the
total falls short of that of the corresponding week
of 1858. Had the price Of breadstuffs been main
tanned, our exports would have been much more
considerable. As it is we only shipped s4e,ao0 of
wheat and Aouf to Great Britain lest week. Cotton
continues to be the heaviest article of export; but
the grocers are relieving their market by shipping
oofee and other articles to Europe. 1t Is expected
that the coming changes ia che French tariff will
lave the effect Of checking the demand for cotton
for the present.; 30, an increased demand for corn
may be confidently anticipated.
The foreign exchange market is quiet, with q
rather better demand for francs which are held by
most drawers at $751; the leading bankers obtain
ing STA. Sterling bills are abundant at 1854 for
city bankers and los q for mercantile bills The
importers are postponing their payments to Eu-
rope, and the foreign exchange bankers are doing
very little business.
The stock market continues inactive, and prices
do not vary much. The attack on Missouri skies,
70 which we alluded yesterday, was relsSed AGAIN.
shis morning, and with success; sales weresmade,
seller sixty at 70, the closing cash price being
7sa against 50 bid at the close yesterday. Parties
competent to judge do not believe that the Cover
nor OF Missouri viii be able to persuade the Iegis
nature to issue any more bonds for the present.
The extra session commences on the 9th. Pacific
Nail was active; at the FIRST board there was de-
ejne from the highest prices of yesterday after
noon; but this was more than recovered in the At.
ternoon, the closing price being s2l against 80
yesterday. The fluctuations appear to result |
from stockjobbing operations exclusively. New
York Central il still freely sold by parties who
express confidence in the success of the Pro
Rata Freight bill; It fuctuated all the morn
ing between 70l and II, closing in the afternoon
ut 703 bid, against 7oJ bid at the close yesterday
II was freely stated I'm the street that the bill would
isass the House tomorrow. Michigan Central ad
Snnced per cent this morning, ON the strength of
ns~ orders from outside; the cloAing price was
s7S. The earnings Of the past week Of February
chow small decline Rock Island was steady.
The earnings of the first week in Feoruvy were
s$l9,ss4. against 1857 same week last y,sar--ir
N ease $2,607. Other railroad stocks were areuy
ste. 10Y, without animation. The demand for eVate
stoeA and good railroad bonds COG sinrns active Vi
kSicss are well maintiined. This afternoon the |
market was unfavorably affected by the soreira
.evs, and stocks closed dull ., the following eno
'aticnsr-yreinia &c, 90 :; Hisscut 6's 7alaas:
Pa1ton Company, lel II; Cumberland Coal, ia |