The New York herald., 1862-04-02

1860 1861 1862
pos the week $sos' 5s SgS ees % so o oSS S
Since January SEQ, ,s4e 594 SO Cos 6ls a2.eo6i4o
Though less than last year, the above is good
exhibit, and the aggregate, though nearly q mil
Ion short of that of the corresponding period os
last year, is also satisfactory.
The money market is without change. The dc.
mand for call leans is slack, and rates are a Z
per cent, as heretofore. First class paper ranges
from to per cent, the former being an excep
tional rate. Certificates Of indebtedness come
more slowly into the market than was expected,
many people preferring to wait for legal tender
notes.
Foreign exchange closed strong; leading houses
could sell freely at Ill., but declined to do 80.
Francs range from sos to SIX, with few first
class bills at the lower rate. Gold continues to
advance. To-day it sold at l02, and bids fair to
rise steadily. The street jobbers free sellers.
as they calculate that profit of one per cent
every sixty days will cover any loss. This de.
pends upon circumstances. If we begin to export
gold freely, the premium may advance in .. week
enough to absorb the interest for year. and the
short interest is large that any panic in tho
bullion market would put gold up to "a 8per cent.
The stock market is stronger, and prices are
higher. At the morning board to-day, however,
governments were again offered at 90. 1t has
transpred that some heavy short sales of govern
ment skies have lately been made by parties whose
disloyalty has been q general subject Of remark.
In most continental countries spectators who try
to discredit public securities at periods of national
peril are liable to prosecution. Only few weeks
since, in profound peace, French banking house
was prosecuted by the government of the Emperor
for dissuading the public from buying the public
stocks Of France. In this country, hitherto, the
government has never had occasion to resort to
of repression to prevent bear sales of it's
securities. Whether it still afford to despise
such assaults upon its credit is doubted
in many quarters. The public sentiment of the mer
camille community would be de cidedly opposed to
any such restrictions upon trade as would be re-
quired to meet the exgencies of the case. But at
the same time public sentiment at the Brokers'
Board, and among the leading jobbers, ought to
prevent the Stock Exchange being used to produce
q depreciation of public securities at time when
it is vital that the national credit be maintained.
The leading speculative railway shares were all
higher this morning business was done in Cen
trail, Erie, Rock Island and Galena at an advance
of n n. Between the boards the market was
firm. At the second board the demand for Erie
Toledo and Central was better other stocks
showed but little change since the morning. The
market closed with healthy appearance, the
following being the last quotations:-Unite
States 6's, registered. 1881. 90 . 9S; do. 6's.
coupon, 1881, 9211 %; do. SIS, 1874, - q 81;
Indiana SIS, = 70; Tennessee 6's. 56H q 81;
Virginia 6's. 81 a 6sH; North Carolina 6's, es q
6s14; Missouri 6's, 6las 5l5s; Pacific Mail, S7H
s7zl; New York Central. S2T SO; Erie. s7N
371s; do. preferred, ,elss q 6ls<; Hudson River, 3s
36h; Harlem, l2H1 l2aa44; do. preferred, so1l
3lZ; Reading. AK 4211I.; Michigan Central, 65T
Sc; Michigan Southern and Northern Indiana,
22A %; do. guaranteed, 46 a 46z1; Panama,
ll9Ha 100; Illinois Central, 6l1 6l1s; Galena and
Chicago, 6S 6SH; Cleveland and Toledo, ASK q
46H; Chicago and Rock Island, Sc q =; Chica.
60, Burlington and Quincy, 81 g.; Milwaukee
and Prairie du Chen, 25114 25ss4 Cleveland. Co
lumbus and Cincinnati, ll2 ll2H; New York
Central rs, 1876, l0l a l03; gold, 102 a 1929
The Hon. E. G. Spaulding member of the Com
mittee of Ways and Means in the House Of Repre-
sentatives at Washington, stated yesterday that
the Reciprocity treaty with Canada had cost this
country not less than thirteen millions Of dollars.
There is reason to doubt the truth Of the state
ment The Hon. Mr.. Ward, from the Committee
on Commerce, reported on the 5th es February
last that the treaty was unequal; that Canada had
taxed American products forty-ive times as much
as the United States had taxed Canadian products;
that our manufacturers and merchants were in
reality paying the bulk of the revenue of the
government OF Canada, while our customs enue
collected the frontier does not defray the cost
of collection; that from the time the treaty wa.
made, in 1854, the Canadian government has
ever dsregarded its spirit, and increased
the duties on all leading articles of i'm
port from this country; that discriminating
tolls and duties have been established by
the colo NAL Parliament, giving to colonial YES.
sells, and British vessels. advantages over
American craft in the trade flowing from the great
lakes; finally, that the reciprocity established by
the treaty was entirely one sided, and, while il
gave Canada the benefit of our markets duty free,
practically placed US on the came footing "a
strangers in theirs. The following table is given
in the report of the Committee on Commerce, to
show the spirit which has animated the Canadian
government ever since the treaty was made:-
Artils. Duy Beftrc he T,eoty Present Dutu
Molasses. l6 por cent 30 per cent.
Sugar, refined. ...... az 40
Sugar, other ....... 2Ill 30
Boots ana shoes .... lzh 70
Harness. ........ l2h ~
Cotton goods I'm "
Iron goods. ........ lzts ~
SILK goods. lZH
Woollcn goods. l2h ~
In other words, the Canadian government no