The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-09

The receipt Of 81 237 81 in specie by the steamer
Costa Rica from Aspinwall, has added to the weight
already floating the Market aggregatng about seven
millions, and correspondngy enhanced the difficulties
in the way Of the large holders .
Foreign exchange very weak, and bankers bills at
sixty days offered this morning 1879 a 10s
Short sight bills quoted at 1881 lOe, and mer-
chants bills at 1904 1914 1884, FL aH.
The money market slightly unsettled but call loans
governments made freely per cynt with
exceptional transactions six. To the Stock Elk hange
the ratio strictly per cent The disco int line is
moderately active at 10 per cent for st class COM
mercial paper. Increasing caution shown by lenders
miscellaneous coaterals in view of the in
the gold and the apprehension OF further decline
ofthe premium and the applies to discounts, owing
to the unsettlement of values in the merchandise
markets In the latter extremely dull state Of feel
ing exists which favors depression. 3@tE
Moreover an impression prevails that the new Score
tary OF the Treasury will do something to bring down
the price Of gold, but what that something is no one
know The fact appears to be overlooked that
the latter has very limited scope for the exercise OF his
own judgment legislation having tsthcred him to
tain of action, and that whatever he
might adopt to reduce the gold premium would be liable
TO the contingency Of producing opposite effect
direct sale of gold stock in Europe has been
spoken of among the possibilities; but this
would be paying rninous price for money, and
would tend to impair the national credit ins proportion
to its extent for with each fresh issue Of gold bearing
stock inflated paper money basis the danger OF the
interest exceeding the gold Of the government
becomes more imminent
The Treasury has gone far in the issue Of rredeema-
BILE currency and has, by the depreciation thereupon
cons quent, engulphed itself deeply In debt
that it can neither contract Its currency nor
commercial panic and the voice Of the whole commercial
community would be raised against any process tending
TO such result 1t will be, however within the power
OF Mr. McCuioch to prevent an aggavation OF existing
evils and by suggesting for increasing the revenue
and other measures pave the way the future improve
ment of the public credit and in this he win have the
support of the entire people. Z
1t Is to DO hoped that he will meanwhile the adj
visibility Of publishing regular periodical statements Of
the public debt WHICH his predecessor was unwise
enough TO discontinue. As#
The holders Of the and three cniSnotes OF July
IT. 1861 hardly require to DO again reminded that the
power Of converting Thorn into pcr cent bonds
tho 10th inst but may not be without use to quote
the Treasury circular giving the requisite three months
notice, which reads thus ,.a1k a1eNH
Treasury DxpARrnsyr Dec 10, 1884
Notice hereby given Of the readiness Of this depart
ment 10 redeem on presentation by payment IN lawful
money or by conversion into bonds authorized by law
the hree years Treasury notes. bearing interest at the
rate OF seven and per centum issued under
che act OF July IT. 1851 Interest will cease on all such
Treasury notes not presentedafter three months from
this date at which time the right Of conversion ceased
Holders thereof win govern themselves accordingly
W. p FESsENDEN, Secretary Of the Treasury.
Tho business the Office OF the Assistant Treasurer
in this city to-day follows:--
Receipts from customs Observation-Disclosures. 1915, 900
IOtal rccelpsS.. ,to9,ooA
sos aa0
balancs. 40, 900, QUO
Subscriptions 10 government loan. Innocence. "a 500
The New York exports for the last week compare as
follows with former returns
1853 1884 1885
For the week 1900 So, 749 6s4 3333 1853 1857, $40 /
Previously reported. 81 los, 7s6 26,769s6s POS
Since JAN s35 935 4s0 80, 10302l as "a 748
The New York imports compare as follows
1858 1894 1855.
Dry goods ........ g. 422 215 1876, $50 800 TIT
General merchandise. 2S5 209 2,Sl7, TAG ,SO1, 237
Total for the week 81, 707 4N 6,393, 296 1lO14
Previously reported. q 66S 30 464 007 25l