The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-12-25
Since January 500 100 ela 500 800 si3 e44 17e


Since January 100 sla 500 1905 si35 I7s
The above is the heaviest export statement on
record. Never, even when we were shipping cot
ton to Europe at the height OF the season, did our
exports exceed four millions in single week. In
cluded among the exports are 81 800 900 worth Of
food shipped to feed the people Of Great Britain
and Ireland. But for these shipments food would
rise in Great Britain very considerably
Money is in better supply, but can still be lent
at q 7per cent. People who have money lying
Idle in bank can readily lend it in Wall street.
Some of the banks are lending more freely than
The exchange market closed dull. The bankers
sell at Hoy for sterling and 5.sa II a for francs,
but complain of the slackness of the demand.
Some Englshmen who are RENTING their money
TO Europe in view Of political uncertainties appear
to be the chief buyers. Produce bills are more
abundant; but the Trent imbroglio renders bankers
unusually cautious.
Stocks continue dull. There are neither buyers
nor sellers in the market The leading stocks are
rather scarce than abundant but spectators for
the rise seem to be awaiting the result of the
diplomatic imbroglio. We scarcely remember
day when so little business done as to-day. In
board to-day Central, Erie and Rock Island fell off
a "a per cent; but in the afternoon the decline
was recovered, and a small further advance was
realized. An impression got abroad in the after
noon that Mason and Slidell were going to be de-
livered up tomorrow, and taken out in the Europa
We cannot trace it to any reliable source though,
if we are going to give up the men, the sailing
Of the Europa would afford suitable oppor-
tunity, and there would be less danger, Of
riot than if they were given to British
man-of-war. The rumor impaired strength to the
market, which closed very firm, the following being
the last quotatons:--Un States 6s registered,
1881, So a 81; United States 6s, coupon, 1881,
S9% 80; United States 5s, coupon, 1874, 8Os6;
Indiana IS, 1914 a rs; Virginia SIS, 46 a
Az; Tennessee G's, Az AZ; North Carolina
6's 50 591I; Missouri SIS, 1877 80; Pacific Mail,
s7a s714; New York Central, n; Eric 267S a
27 do. preferred, AZ AS; Hudson River, SO a
36h; Harlem, 1914 IL do. preferred, 261l 271.;
Reading, 81 1914; Michigan Central As a 451S;
Michigan Southern and Northern Indiana, l7sI a
Is; do guaranteed 1874 a 3s11a Panama, HOY
liz; Illinois Central, 57s@ a 5s; Gaena and
Chicago, Ga; Cleveland and Toledo 3O3S 3O1l:
Chicago and Rock Island, 4G a 4614; Chicago, Bur-
lngton and Quincy, 52 55; Milwaukee and Prairie
du Chen, l711a ls11as; Cleveland, Columbus and
Cincinnati, 1Ol 1927; New York Central
rs, of 1876, 80 1O1; Erie third mortgage
bonds, SO So; Michigan Central ss, first mort
gage 81 9211aa; Illinois Central bonds, rs 81 &c.
The bill draughted by the House Committee Of
Ways and Means in Congress for raising revenue
by the issue of new banking currency is a very
ingenious and symmetrical continuance; the only !
objection to it is that Mr.. Chase won't get dollar
under it. There is inducement whatever for the
banks to buy per cents of Mr. Chase, and deposit |
them as basis for new circulation. The banks
have already as much circulation as they want,
and if they hadn't they would buy United States 5
per cents in open market at so, and deposit them
at Albany-not at Westinghouse basis for cir
culating notes. BY so doing they would avoid the
necessity of keeping rs per cent Of their circula-
ton in coin in their vaults as required by the
Congressional BILL But this apart, nobody wants
to extend the circulation of the existing banks, or
to set up new ones. The times are not propitious
for such enterprises We can only account for the
Ways and Means project by supposing that
it was drawn by some country member who has
been studying finance in books with undue severity
and has not yet heard that the country ia at war,
and the whole bank capital of the North invested
in government securities. 1t s understood that the
president of leading city bank is out with a
pamphlet, in which he takes the ground that the
banks cannot stand the present drain of specie
So, 100000 in fortnight-much longer, and that
the expenses of the war must be betrayed by the
issue of inconvertible paper money. Something
similar was stated in this column fortnight since,
and we arc much mistaken this has not been Mr.
Chase's opinion oil along. The leading bank mana.