The New York herald., 1862-02-01

OIL stock or late, ana hence, n0twithstandinQ
the spectators, prices are barely maintained.
The future of the market depends upon ths
capacity of the present buyers to carry
the stocks they have. and upon the supply
OF cash stock which may yet come upon the mar
ket So far as we can Judge, the market has
already taken all or nearly all the stock which has
been in the hands of the late bulls, and the circle
of buyers appears to be widening. At the morn
ing board there was general advance in Erie SO
curities. Erie (old) rose ss preferred a, and the
fourth mortgage bonds 21Is. 1t is expected tina,
Erie will be in demand for English account. New
York Central rose q, Hudson a, Michigan South.
ern "a, and guaranteed Il. There were large pur.
chases Of Pacific Mail for cash, and it rose u per
cent. The books will close in day or two for the
February dividend, which, rumor states, will
be five per cent. Spectators predict PAT
dividend off for the stock. The decline
of the morning was ID in Rock Island, a in To.
iedo, a in Galena, "a in Illinois Central, Il in
Michigan Central, "a n Reading, and Il in Mis-
souris and Tenncssees Government skies, which
are unfavorably affected by the inaction of Con-
grcss, declined "A per cent. At the close Of the
morning session the. market fell off fraction.
then rallied on an absurd rumor to the effect that
the Governor Of North Carolina was ralying to
the side of the Union, and afterwards fell of again
on rumors of an unfavorable tone in the private
letters per the Africa At the second board things
dull and closed unsettled, the following
being the last quotations:-United States 6's, cou
pom, 1881, 80 X; do SIS, coupon, 1874, 7s 1914;
Indiana SIS. = rs; Virginia G's 81; Tennessee 6's.
~ "a; North Carolina 6's. 80 a; Missouri
6's. AZ n; Pacific Mail. 0s74 a 09 New York
Central s3Il ~; Erie, 341s q "a; do. preferred,
57Ha q; Hudson River, 3s24 a 80; Harlem, l2s. a
l3; do. preferred. 3OA 81; Reading, Al a 70;
Michigan Central, 5lA 52 Michigan Southern
aud Northern Indiana, 2154 %; do. guaranteed,
l2aH Panama, ll3 "a; Illinois Central, 6OA
6l Galens and Chicago, 67% a 6s; Cleveland
and Toledo. 4l54 az; Chicago and Rock Island,
54Is $50; Chicago, Burlington and Quincy.
62L So; Milwaukee and Prairie du Chen. 201%
I'll Cleveland, Columbus and Cincinnati, los LOG;
New York Central "a. 1876, 1917 Erie third mort
gage bonds, "a; Michigan Central e's, first mort
gage, 100 n Illinois Central bonds, rs, "a a 96.
Among other items of news by the Africa we
notice that the British Commissioners of Customs
have removed the prohibition on the export Of
saltpetre and lead. The recent action of Great
Britain should teach Congress to lose no time in
restoring the duty on lead to the old fgrre-three
cents pound. When foreign lead paid this duty
we not only produced all the lead that was needed
in this country. but were exporters of the article.
It is only since the duty was reduced that we have
become dependent foreign nations for one of the
most essential materials of war. The restoration
Of the old duty will, in very short time. render Us
again Independent Of Europe for supply Of lead
and will, meanwhile, yield very handsome reve.
nue to the government.
We learn that the United States government
have leased the Merchants Exchange for the use
OF the Custom House, with the privilege Of buying
it at fixed price. Mr.. Barney will move into his
new quarters on the lst of May, and will be ac-
companied by the Appraisers, Surveyor Of tho
Port, &C.. who have been heretofore lodged in
buildings hired by government in various parts Of
the city. The present Custom House building will
he used for the Sub Treasury, whose business has
been vastly extended by the war, and whose pre-
sent Accommodations neither adequate nor Sc
cure against fire. Nothing has been determined
with regard to the future location of the Merchants
Exchange. Many merchants seem to think that Q
small room in connection with the Chamber Of
Commerce viii answer every purpose, especially
IA, since the openng'of the Corn Exchange, the
business on Change has dwindled down to the en-
gaging of freights and the sale Of few bills of OK.
change
BY the Africa, arrived this morning, we have 3D.
vices from London to the 18th inst inclusive.
The demand in the discount market was noticed az
rather better, and there were few transactions be-
low two and quarter per cent Barring Brothers
& Co. state that American securities are without
change or business. e. F. Satterthwaite says
We have had Auctuaing market In Amer can securi.
ties since last Quotations materially improved on
The solution Of the Trent dcuy but gavo way rapidly
ff,a glnnp M ria
nsats New York Philadelphia aud Boston. Such n
event. tho view Of British capitalists might possibly
no the forerunner OF national financial paralysis
lmpcd in the history Of tho United States. Illinois
shares which had been Al discount, declined to A. and
Erie after touching 29 gave way to 27E At the close
the market is steady, but nothing doing.
The London Times OF the 18th thus notices aud
quotes the market:-
In the colonial department. Canadian descriptions were
again rather frmer Grand Trunk closing at II H and
Great Western IL u. American securities fiat,
the bonds and shares Of tho Illinois Central
ianads five per cents 93 90.
United states 5's 1874. 70
Virginia oS...... 20