The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-07


York to foreign ports for the week and since
January =
For the week. 81 56l, sSs 22375-4 225l Oa5
Previously reported ,3l5,lo1 50695 2s3 "a O93 s6S
Since Iapnary S3s $50 AZ o32 s57 IS BAT ,503
We are now beginning to compare with the pc.
Rod of last year when the failure in the European
crops became certain, aud heavy shipments OF food
began to be made from this port. Hence the very
heavy export of last week is hardly in excess of
thai OF the corresponding week last year. Our
exports from this port are steadily gaining upon
the end of the year.
There is nothing doing in money. Partly
from the scarcity OF good paper, and partly
from the uneasiness created by recent
failures, it is as dull as Sunday
at the discount brokers', and the banks
complain Of the light offerings. On call capitalists
are content With four per cent on good secur-
ty. The Sub-Treasury is doing very little business.
People are all waiting for Mr.. Chases first pron,,r-
cidrniento under the new acts of Congress, and
considerable anxiety is felt respecting the result.
Foreign exchange continues dull. Bankers are
unwilling to sell under 1917, and when tasked
with sustaining the market in opposition to the
laws OF trade reply by referring to the scarcity of
commercial bills. If they were to lower their
rates, and demand for bills suddenly arose, they
would not be able to cover their exchange. We
continue to quote sterling l07 for good mercantile
bills, aud l07H y for bankers, francs 221I o
271Ia, with very little doing in either.
Stocks continue very dull; the volume Of bust
ness decreases daily. The disposition to sell for q
decline seems less than it was, as combinations ex
hbit themselves to control speculation by the
force Of capital. For some time past prices have
been mainly supported by the excessive traffic of
the bears. There has been lately quite large
speculation in the stock of the New York Central
similar in its character to that lately conducted
with no uncomfortable success in the stock of the
Galena. The large increase in the business of the
latter aided the buyers in efecting sales of their
stock at an advance. It remains to be seen whe
Their the large falling of in the traffic Of the former
will not prevent anything like a similar result
The Central business for the month of June, not
yet given to the public, is supposed to be cons
derably less than that of the corresponding month
last year, while the receipts for July may show
falling of equal to onethird the aggregate of those
of July, 1860. The decrease on the Hudson River
equal to 81 900 per day for the month of July
exhibits in q marked manner the effect of the war
on the business Of our railways. At the first board
to-day very small business was done, and there
was very little variation in prices. United States
6's were maintained at yesterday price; the per
cent Treasury notes, which are being paid out by
the government to contractors and othe re-, Drop
ped "a per cent. State stocks were scarce, and
Tennessees advanced 20, virginias l, and Mis-
souris q. VIginias are now worth 8 per cent
more than Mssouris, though the intrinsic worth Of
the latter is decidedly greater than that Of the
former. Railway shares varied very little. The
only change we can quote is an advance Of II per
cent in Galens; the other speculative stocks
were steady at yesterdays closing price.
This afternoon the market was even dull
er than in the morning, and closed without
the least symptom Of activity. The following were
the last prices of the day:-United States 6's re.
gistered, 1881, 87s4 49, United States 6's, cou-
pom, 1881, s7H q; United States 5's 1874, 1871
so; Indiana 5s. rs 1917; Virginia 6's SO 81 Ten.
nessee 6's 43sS 441Is North Carolina 6's, 631I a
65; Missouri 6's, 43ss "a Pacific Mail, 1871 a
741I; New York Central, 1879 76I; Erie, 26 a
70; Hudson River, 33h a "a; Harlem. 1917 a
IL; do. preferred, Is 26; Reading, 36H a
Southern and Northern Indiana, 1877 a "a;
do. guaranteed, 1874 2ohs; Panama, 1861 los;
Illinois Central 63s+ Ga; Galena and Chicago,
$50 q; Cleveland and Toledo, ISL a "a;
Chicago and Rock Island, a9H a 40; Chicago,
Burlington and Quincy, IS a SO; Delaware,
Lackawahna and Western, 20; Milwaukee and
Mississippi, l411 l51l; Illinois Central bonds,
rs, S9Z q 80; Delaware and Hudson Canal, IS q
SO; Pennsylvania Coal, 7911. so.
The business of the Sub Treasury was as follows