The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-06

TUESDAY, Feb. SIS P. M.

For the week .....: t2s,siI 1909 oss q 500 ,Se4
Since January l.. aT4e,sls 7,87s,4so n,asg ,Osa
The ratio thus keeps up; our exports continue
twice as heavy as those Of last year-our imports
being about the same. The leading exports last
week were breadstuns cotton and provisions.
We note an export Of sS6,9l0 Of domestios to
China.
The money market is undergraduates rule
from upwards for paper, and from to Tor call
loans. We hear Of several failures lately ameng
the smaller houses engaged in the Southern trade
and quite number Of these houses are reported
to have obtained private extensions. Until within
. few months every one was anxious to sell to the
South and on any terms; the result which has oc-
CURED would have ensued, in any event, from the
mere oyertrading Of the past few years. II is
hoped that, if any arrangement can be effected at
Washington, or if = peaceable separation can
take place, large proportion Of the Southern IN
debedness may prove good. Much, in this regard.
must depend upon this years cotton crop.
Thus far, we hear that the preparations Of the
planters are progressing satisfactorily.
Foreign exchange fell heavily to-day. At the
commencement of business LOG "a was about
the rate for bankers bills; but as. the day
and in the afternoon first class bills were
sold at 81, and mercantile bills Of
The highest class at AZ Rates became very
irregular, Some houses declined to sell I'M
der l07, while others followed the market
down. his une expected decline in exchange viii
strike Europeans suost uniavorably, and will have
a tendency to revive the panic which the advices
taken out by the three or four last steamers must
have allayed. AT present prices gold may be pro-
fitably imported into the United States
The stock market was quite firm to-day, and
yesterdays decline was more than recovered. The
news from Virginia was regarded as encouraging
for the Union III hen Virginia 6's were called at the
board this morning, three hearty cheers were
given for the Old Dominion. Private letters from
Washington were more hopeful, and in addition to
these elements Of renewed spirit, some outside
orders made their appearance, attracted by the
recent decline. New York Central rose per
cent? Erie and Hudson River much; Harlem
and Reading, each A; guaranteed, 2Ls; Illinois Cen
trail AZ: Galena, pa Toledo, D. Rock Island, 3;
Burlington 211s Pacific Mail, AZ. State stocks
improved on he frightened aspect Of the political
horizon. Temncssees rose 21ss; Missouris, l. Vir-
ginias. 10; North Caroinas, q After the board
the market was steady; in the afternoon every
thing was strong at the quotations of the morning.
The market closed firm. the following being the
quota,oas-United States SIS, 1874, 90la
90; Virginia 6's, 70 7lls: Tennessees, 20 q Il;
Missouri 6's, 65 q Il Canton, l4ll 10;
Cumberland Coal preferred, s "A; Pacific Mail,
s41s So; New York Central, 1874 10; Erie, 80
IL Hudson River, Az 43; Harlem, l514 q;
do. preferred, 3s1l 80; Reading, 4214 x; MicM-
gan Central, 53s4 5s14; Michigan Southern and
Northern Indiana, IL a u; do. guaranteed, 3O1s
81; Panama, Ill 49, Illinois Central 7i2s q;
Galena and Chicago, 6924 20; Cleveland and To-
ledo, 3214 11 Chicago and Rock Island, 5614 a
| y; Chicago, Burlington and Quincy, coz a 10.
| We have reason to believe that the negotiation
conducted by Mr.. Baylor on behalf of the Southern
cotton planters--t0 which we alluded the other
day-has been so far successful that II now rests
with the planters themselves to render II complete
~ so. A leading banking house has expressed its
willingness to undertake the business, in conjunc-
ton with banks and bankers of the first standing
in Europe, and thus. We presume, the way is clear
for the opening Of direct trade between the plan
tations Of the United States and the markets Of
Europe by Northern ports. We incline to the
opinion that the Virginia and Tennessee and the
Baltimore and Ohio railroads will soon feel the
benefits Of this important movement.
The following was the business of the Sub.