The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-23

Since January l.. 81 81, 200 4,o37,5D TITS 400
The above table shows that the export move
ment continues very active, being nearly double
that OF same period last year. The bulk Of the
exports last week was breadstuffs and provisions.
About $275 900 Of cotton went to Liverpool and
Hayre. In the event Of the bockade-actual or
constructive-of the Southern cotton ports, New
York will do very heavy business in the export
OF cotton this summer. In any event il is proba-
bic that that business will be larger than last year.
Money is easier again to-day, and we have to
report quite fair business in paper at seven per
cent Fair average names go at eight to twelve,
according to standing, &c. The amount Of money
offering on call at five il in excess Of the wants OF
the street. 1t will thus be seen that money Is
already cheaper here than il il in London.
Foreign exchange il dull. Bankers ask 1867
for sterling, and 5.27L 30 for francs. We hear
ofa sale Of bankers bills at 1867. The best
mercantile bills are held at log a 4. 1t ia evi.
dent that at these rates there can be no return
Of gold to the other side, and the hopes expressed
by foreigners, in their last letters from Europe,
to the effect that rates would soon revert to the
old figures. and the specie current set eastward
once more. are not near their fulfImcnt as yet.
There is fair profit on importations of gold
against bills at to-day's rate.
Heavy sales by parties who have been spccu-
lating for the rise, together with the news from
Europe, caused general decline in prices on the
Stock Exchange to-day. The indications of strin.
gency In the London money market, afforded by
the fall in consos and -four and the advance in
the rate Of interest TO per cent are regarded
as very menacing for interests. A further fall
in -four would embarrass our grain interest and
hpc no nxviu bu r,.Iu 10
question also whether, in the event of con.
tinued pressure in the London money market
some Of our stocks would not be likely to come
back. AZ a general rule, foreigners are not apt to
send our stocks back 80 long a. the interest Is
paid. But the existing drain upon England for
gold for this country is an unprecedented pheno-
mcnon, and. simultaneously with the increased
slrngency in their market. the English will be re-
ceiyng accounts Of the steady advance in ours.
One would naturally suppose that the advance
Of 80 per cent on Illinois Central would tempt
some foreign holders to send their stock here
for sale. At the morning board to-day Rock Island
declined VI Toledo u Burlington an Quincy "a,
Reading "a, Michigan Central l, Pacific Mail |,
Hudson IA, Erie 1, New York Central IL, South.
ern guaranteed u. After tho board things were
still lower, and the market was heavy. In the
closed dull. The only securities which were bet
ter were some Of the bonds, "a Michigan Southern
seconds and La Crosse land grants, which advanced,
the former |, the latter per cent. The following
were the last quotations Of the day;-Tennessees,
7ea a; Virginia e. TIA -: Missouri Gs, $50 90;
Canton, I41. a 10; Cumberland Coal preferred, 81
a; Pacific Mail, sea q; New York Central 1914
a u; Erie, 81 81; Hudson River, 46 4; Har-
lem, 1914 x; do. preferred, 3sH 30; Reading.
40 q Il Michigan Central, 56h a 81; Michigan
Southern and Northern Indiana, Isl * do.
guaranteed, 33H q. Panama, li5 ii6; Illinois
Central, slh s21s; Galena and Chicago, III,
a q; Cleveland and Toledo, 3i;1 a u; Chicago
and Rock Island, 81 u; Chicago. Burlington and
Quincy, 73a
We Published few days since Q telegrsphic
message from Governor Pickens Of South Caro-.
ina. 20 the President Of the Bank of the Republic
q ,his city N the effect that "all trade was de-
sirnd." and that cal vessels in commerce only
would b. gladly received" at ChareStpn At the
dmc the despatch was published an attack upon