The New York herald., 1862-02-12

A'0'"usV rePortco. I,SIo,AS0 lS,A5z,0S4 l5lsS,SVO
Since January l.. .ss 7ss. IA 5000 osr 1894 .21O
This is better than last week, though less than
the corresponding week last year. II we continue
to export less than we import gold must flow to
make up the difference. We can afford TO spare q
sgood many millions Of specie; but if the drain and
the war both last time will arrive at which in-
convenience will ensue.
The money market is easy at last quotations.
The Sub Treasurer received to-day about half a
million on temporary loan at per cent making q
million and a. half received since the new system
went into effect.
Exchange is held firmly by the leading drawers
at liz, and we hear Of business at ll4X Y for
sterling. and 4.92H for francs. Gold rose to a
" per cent, with largo sales at the lower figure.
The stock market started of this morning with
very buoyant feeling, owing to the emphatic
declaration Of the Emperor Napoleon to the Cham
bers in reference to our war; but after the first
board stocks fell or and were freely offered.
Later in the afternoon rally took place, and the
market closed steady at the advance. Comparing
the closing prices of the day with those of yester
day, we note an advance Of ~ in Michigan Cen
tral, ~ In Erie preferred, in Erie, ~ in Read
ing, ~ in Toledo. l1 in Rock Island, in Galena.
in Illinois Central, q in Panama. q in Michigan
Southern, Il in Hudson, in Central, and abou
one per cent in State stocks. Registered skies
of 1881 also advanced l per cent. The market
closed steady. the following being the last quota
tions-United States 6's, registered, 1881, 80 q n;
do. 6's, coupon 1881, ss% M do. 5's coupon. 1874,
79a ~ Indiana SIS, "A 76; Virginia 6's, 50 Q 54;
Tennessee 6's, 44Hs 40; North Carolina 6's, 50 q
u; Missouri 6s, 4lT AZ; Pacific Mail, ssA 80;
New York Central, sOH a "a; Erie. 34ss a u; do.
preferred, 57H u; Hudson River, 35111 80;
Harlem, l2s1a "a; do. preferred, 30a14; Reading,
40A AN; Michigan Central, 81 "a; Michigan
Southern and Northern Indiana, 2lH a "a; do.
guaranteed, al q "a; Panama, 1l3A a n; Illinois
Central. 56H a y; Galena and Chicago, 66H 81;
Cleveland and Toledo, AZ a; Chicago and Rock
Island. So x; Chicago, Burlington and Quincy,
COZ 81; Milwaukee and Prairie du Chen, l91I
a.; Cleveland. Columbus and Cincinnati 107
a; New York Central rs Of 1876, 104H =;
Erie third mortgage bonds, a5 a u; Michigan Gen.
trail ss. first mortgage, 9s,s 100; Illinois Central
bonds, rs. 9214 Il.
It is understood that the Senate will to-day pass
the Treasury Note bill, with the legal tender
clause, and provision requiring the interest to be
payable in coin. 1t is to be hoped that no differ
ence between the House and the Senate on this
latter point will leopard the bill itself 1t is better
that the interest on the whole public debt should
always be payable In coin. But if no specific pro-
vision to this effect be made in the law. and the
Secretary be left free TO pay in coin or paper as he
chooses he will of course pay in the former when
ever desired to do so. for the sake Of maintaining
the public credit. The mercantile public are ex,
tremely anxious to hear something about the Tax
and Tariff bills. and it is earnestly hoped that they
will be reported by the committee this week
Every hour is precious.
The husineaa Of the Sub -TreaaurY to-day WAS as