New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-21
MONDAY, Feb. 20-P. ".


Gold opened Mt 900 and fell 10 1884 upon the an
nouncement Of the evacuation Of Charleston. The
closing rate was 2oos a2OOl. The disposition 10
buy fox a rise has been sensibly checked, and the
chief strength Of the market is now produced by
sanguine sellers for fan upon the military news
Gold is weaker than for long time and lenders
are obliged to allow interest TO borrowers upon
their greenbacks, which increases the difficulty in
carving it on speculation. The weakness in Elk
change is another damper upon gold more serious
than the loss of interest but the end is not yet.
When the evacuation Of Charleston is announced
in Europe it viii be accepted q fatal blow to the
remnant Of the Rebellion. The point gained by the
Union forces is city known by all the world, and
Its loss to the Rebels viii have more effect in
Europe than winning a dozen battles in localities
sought for in vain upon any map accessible 10 the
ordinary reader. There is no explaining the loss of
Charleston favorably TO the Rebels in Europe.
The news will help the price Of Government
stocks abroad send European capital here, and re-
turn "Secesh American capital" to the United
States for employment. Gold should come at an
early day from London and the price fall to $50 in
New-York.
Government stocks arc strong and wanted al
I'LL for IS of 1881 ll0b 0llO1 for new 5-2os, and
iii liz for the old issue. The l0-i0s are steady
at 1922.
The sales of 1905 are large. The First National
Bank sold $4,000 Liyermore, Clews q Co.,
1885,
Railway shares are lower ard synpathze with
gold 8here are few buyers for an advance outside
the circle Of professional operators The superior
claims Of Government stocks over the mass Of rail-
way profits have their effect in depressing specula-
zion, and Cor the moment the share market has
little support from the public. Pacific Mail took
another upward turn, selling at 33j. The Company
will, without doubt, secuye the China NAV con-
tract and sOoa have line of 1000 tun SHIPS at
work Cumberland Coal too another upward turn
and sold as high as 6iI with large business. A
good deal of stos. sold short At al a ~ remain to
be covered, and high prices are predicted. Tn, se
Is no corner attempted, but DE stock is vciy
hard TO borrow.
Exchange.is down again and leading names are
held at 1917, but 1917 viii command strong names
Merchants. bills are 1901 1863. Francs are lower
At current rates. gold will pay handsome profit
and will come from Europe
Freghts are dull and rates are heavy. The en-
sagements TO Liverpool are l30 boxes Bacon at IS
Cd, and i50 pkgs Lard at rs. Cd. To London, 80
tons heavy goods at lbs. Cd.
TIE business Of the Sub-Treasury was: Total Re-
ceipts, e. 3 s57 s5; fol Customs, 1901 900; Pay
ments 427 s07 Oh On account of Loan, $3l4, 900;
Balance, $26 ,325 81.
The subscriptions received at the Ninth National
Bank for the 100 loan this day were 500, 45O
The earnings of the Erie Railway for the month |
Of January were:
1865 ...... s90e. 3u 30 1904 ....... $3.50 500 so
Decrease. ...............-..S7255 2 80.
Prof. Bowen of Cambridge, in a recent letter,
suggests the following method Of contracting the
currency, measure he considers Of vital import
ance To the best interests Of the country:
In ORDER TO meet present current expenses the
receipts into the treasury from taxes AID loans united
must average nearly three millions a day. Let tie
faith Of the GoyernrncDt be pledged that osefh part
VI this sum shall be regularly devoted, re-
reYed 10 redetmjDg and destroying az equivalent