The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-01
Increase. 81 500 $50 sllol liso,-so
Decrease. 1851


Decrease. 2l6.sls
The decrease in the specie line is very small
considering the export 10 Europe. To-day it is
understood that the hanks hold nearly ss 200 COO
There is some talk to-day in well Informed cir
clss OF an embargo on the export OF specie.
Such measure would be strictly constitutional,
and no foreign Power which prohibited the eA-
port Of lead and guns to the United states, wheh
we wanted them most, could object to our pro-
hibiting the export Of gold. Whether the export
movement is likely to continue active enough to
Justify the step il . matter OF debate. Many
think that it would have been better for US had we
adopted policy of non-intercourse with Europe
when the war broke out, and adhered to it
steadily ever since. mat
The news from Richmond has led to more eau
ton in lending money. We quote call loans 511s n
8 per cent; mercantile paper, short, s; four
months paper, sa7; certificates of indebtedness,
par; green backs, 10is4 as.
Exchange advanced to-day, partly in conse-
quence of the news, to l2ox anrI, closing at
1907 u, and gold TO ~ r. The latter
closed 1887 bid. Four European mails viii be
due tomorrow, and the bankers are looking for q
fresh supply OF. bonds from Europe. In some
quarters the opinion is expressed that we shall
not hereafter receive as many as We have received
within the past few weeks.
The stock market was very unfavorably affected
by the news from Richmond, and especially by the
reported concealment Of important facts by Secre-
ptary Stanton. Government stocks fell q per cent
at the morning board, and throughout the day the
market was extremely depressed. Central opened al
ga decline of "a since saturday-feIl to ~ be-
tween the boards, and 9lzs at the second board;
- a. iAp Nail do
clned Il. at the morning board, Erie "a, Erie
preferred q, Hudson River ~, Michigan Central
~, Southern "a, Panama l, Illinois Central 81,
Cleveland and Pittsburg l, Galena /, Toledo IA,
Rock Island l, Missouris q. After the first board
the market was very heavy, and there were no
buyers Of stocks Operators seemed to think that
the refusal Of the Secretary of War to permit facts
to be published was far more alarming than the
news % published in the extras. At the second
board stocks at fret were lower, Central selling
down to slIs; but afterward there was rally from
this extreme depression, and 9211 was bid. The
following were the closing quotations at
half.past three:-United States 6's, registered,
1881, 100 . =; United States 6's, coupon, 1881,
1851 1857; Treasury notes, $40 per cent,
lo411s lo414; Tennessee SIS, 571s IS; Virginia
Sc, 5s14 81; Missouri s's, 5O11. s024; American
gold, 1887 a 1895; Pacific Mail, lie 1857; New
York Central, s214 s2sS; Erie, s61S as14 do.
preferred. 6s1s es1.; Hudson River, 46 . As111;
Harlem, II IN; do. preferred, 40s4 Al; Read
ing, SO 5sH; Michigan Central, 50 q 621l; Michi-
gan Southern and Northern Indiana, 26ss 26ss4;
do. guaranteed, 69s4 6ss94; Panama, 1873 1887;
Illinois Central, 60ss 500; Galena and Chicago,
7O1s n; Cleveland and Toledo, 4s14 1875 Chi
cago and Rock Island, 67T IS; Milwaukee and
pra;ria dp Chiep a Illirois Central honds
rs, 96.
After the second board the market became quite
buoyant There was advance of "a in Erie pre-
ferred, "a in Harlem preferred, "a in Michigan
Central, Il in Southern old, Il in guaranteed "a
in Galena, x in Toledo, u in Rock Island, "a IN
| Cleveland and Pittsburg. There was an active
| demand for the Western shares.
Legal tender notes are very scarce indeed and
so are bank notes of the denomination Of fves.
Every broker has orders to send legal tender ives
to his customers in the country; but they cannot
be got. So much for the terrible expansion Of
paper money which was to overwhelm us
BY reference to an advertisement in another
column, it will be seen that the firm Of Messrs.
Duncan Sherman Il Co. has been dissolved by the
expiration Of their partnership. Mr.. Alexander
Duncan and Mr.. G. H. DabDey retire, and the
business win hereafter be carried on as heretofore.
by Messrs. w. 3. Duncan, Watts Sherman and
David Duncan. None Of the capital heretofore
contributed to the firm BY Mr.. Alexander Duncan
viii be withdrawn.
The exchanges at the Bank Clearing House this
morning were $50, 03O,l3l so, and the balances
81, 76s, 216 rs.
Tho Standard Fire Insurance Company have de-
clared . ssmi-aAnaal dividend Of five per cent,
payable on the s0th instant; the Nassau Fire In
surance Company Of Brooklyn. semi-annual divi.
dend Of seven per cent, payable on demand; the
Mechanics and Traders Fire Insurance Company,
. semi-annual dividend Of seven per cent, pay
able on demand; the Empire City Fire In
surancs Company, semi-annual dividend
Of seven per cent, payable on demand
the Bank Of the Commonwealth. ssmi-annual d.
vidend Of three per cent, payable July s; the
Trademarks Fire Insurance . semi annual dividend
of five per cent. payable July To- the Goodhne Fire
Insurance Company, semi-annual dividend of four
per cent on the capital stock, payable on demand.
and fifty per cent the earned premiums, for
which certificates viii be issued To the policy hold
ess on the 10Th of August; the Lamar Fire Insu-
rance Company semi-a dividend u five per |