The New York herald., 1865-03-30

per cent, ss the quotations. win show
1o;SoA M..........l52 245 z M..........leiH
n:3oA M..........l6ix AIo r M..........ioiA
10 T. M..........lo-I M e'4o I. h-....''''.'AoA
l:oV r. NJ ...loo1
Gold Is sn for delivery. All the available coin
on the street has been borrowed and the difference be-
tween and regular transactions about half per
cent Speculation Is however, dead, and the market
almost paralyzed- Tho fall has been heavy and 30
sudden that epeculao outside OF tho market are afraid
TO buy for rfse while the bears unable 70 hammer
tho price any lower although their disposition Is 10 revive
panic in orer that they may cover 70 greater advan
age and the outstanding short interest Is very large
The stock market still in full possession Of the BEARS
the bulls beng tmid and ds,rustful in the present
unsettled ste OF aArs to make any atsmpt to stem the
downward ude Al the frat session Of tho board tho de-
ciine Of yesterday continued Erie az lower the
close than At Tuesdays second open board New York
Central 2x, Hudson River X, Michigan Southern y,
Northwestern y, Cleveland and Pittsburg 8, Rock
Island e, Fort Wayne 4, Cumberland IN
Government securities were steady, with moderate
degree Of activity under orders from parties desirous OF
Investing in them at the present low prces After tho
call and ct the open board 1t O'Clock tho market
continued weak, and quotations submitted TO further
decline At the second regular board there further
settling down Of prices Erie az lower than at the
nrs board Its downward tendency being assisted by
able report that the company would be unable to meet
the April interest on It's mortgage bonds. New York
Central was 2,< lower Reading TX, Cleveland and Pitts
burg l, Michigan Southern u, Illinois Central X, North
western u, Fort Wayne X. Hudson River advanced 1A,
Rock Island u.
Notwithstanding the weakness OF the general market
government securities remained nrm. In view of the
rapid decline in the gold premium and railway and mis-
cellaneous securities which have lately witnessed it
Is important that national stocks should be sensitive
TO these violent changes 1t Is indeed, obviously neces
sary to the financial interests Of the government under the
present paper money system that the market price of it's
bonds should be sustained for If the six per should
sink below par, exintercs they would offer greater
nducement to investors than the sevenhry loan upon
the sale Of which the Treasury dependent from day to
day for its means OF meeting the difference between
revenue and expenditure.
Al the open board half past three prices lower
Hudson River excepted which advanced y. Fort
Wayne the weakest stock the list, and declined
four per cent
The money market Is easy at per cont, but
lenders are exactng OF wide margins Commercial paper
Is in dsfavor and there is less general dstrust
of even the best Names owing to the shnkage of values
which has taken place. The discount rate varies from
nine to twelve per cent for the first grade but much
higher rates have been paid and offered in many by
houses OF BOou Standing.
Foreign exchange is dull but rates remain steady.
Bankers sterling at sixty days is offered at 109xa y,
and at ITO at short sight The sudden decline of the
gold premium has operated to check expectations
what and leading drawers look for material change
this feature Of foreign trade immed aely Hence
bills firmly held. The value OF the exports for the
week ending March 27 81 3Ol 742 against s. 3 075
for the corresponding week Of 1883 Large shipments Of
cotton not anticipated for little time to come
owing to tho foreign markets being already overstocked
The stock at Liverpool the 2sth Of February
was 677,690 bales against 23l, 500 bales for
the corresponding date in 1854. Moreover, the
fact that judicial proceedings have taken here by
the claimants OF lot of 3 bales OF the cotton seized
likely to conne that captured at Savannah chiefly TO
the home market; for attachments would In all proba
bty be granted against favor OF rebel bondholders
II sent to Great Britain.
The Ninth National Bank subscribed $215 900 10 the
series OF thirty to-day and sold $40 600
Of the old ISSUE
Tho announcement Of the new six hundred million
loan had depressing effect upon nvetwenties in Lon
don and they declined 70 SIX S3k on the 18th inst
On the Produce Exchange today broadsufs were lower
and In the merchandise markets there great deprcs
sion Many OF the holders Of goods bought at high
prices looking forward TO rise in gold their only
means Of escape from bankruptcy.
Messn. Muller, wilkins Co. sold a. auction to-day
a., $50 American gold coin at l62x |