The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-20

At the evening exchange on Saturday the closng price
was 1861.
The stock market sympathIzed with the course OF gold
only partially; but at the close It was dun and weak
Government securities greatly depressed and there
was disposition to buy II tho decline in gold should
continue there is prospect OF considerable further de-
preston az many lots now held slender mar
gins will have to be pressed for sale. The
subscriptions to the seven-thirty loan viii also be
greatly reduced, and in that event the government
will probably be forced pay the thirty notes
to contractors who will Immediately throw them upon
the for currency like certificates OF
indebtedness the bon dcs os quarts Of France issued
In 1896 and subscquc ntly
Foreign exchange was weak In the early part Of the
week. but firm at high rates at the close Bankers ser
ling at sixty days quoted at 1881 and 1o9,z
ITO at three days The advance Is due 10 the decline In
gold which prevents the shipment OF fve-twentes un
less at q loss, and shuts out q profitable foreign
market for produce BY the ,ntly compiled sta
tiscs OF the Custom House In this city appears that
the receipts for duties this port during the eight
months ending February IS SIS sos less than
those for the corresponding period in the previous year.
nearly FIVE millions OF which decrease during January
and February The receipts for the eight months
ending February 2s 1894 s4s $40 and for the
eight months ending February 20, 1865, s33 1857
Estimating the receipts for the year according TO the
las. mentioned figures they would aggregate only $50
2sb $50; but in view of the rapid decline during the last
two months and the increased tariff which Is into
operation the LIST OF April there to look for
considerable falling OF in the future, unless the de.
uand for foreign goods should stimulate import
trade The tariff will prove much prohbiiiye
and complicated In It's workings than the present one
and moreover 1t is full Of uselcssly troublesome
lions which would do credit TO the Crcumlocuton Office
stl.l
owing the shifting OF loans and the general dlstrus
consequent upon tho arrangement Of values. Seven
per cent has been the rate call and strictly first
class commercial paper passed slowly at $ 10
per cent But there has been very little bust
ness done in the discount line dry goods and pro.
duce paper being almost unmarkeabc. The heavy de.
cline OF prices In the markets for the last has en-.
dangercd the sovcucy Of houses aud lenders
arc not unrcasonaby critical other customers There is
large amount Of outstanding short credits and IobbnR
nrrns have suffered severely the decline Of values alb.
sorbng much OF their capital a. well former profits;
but tho large commission houses represented TO B.,
doing nothing 10 aggravate the prevailing panic
In petroleum stocks there has been marked
decline in the absence Of buyers and
every department or business and speculation
has been depressed by tie fall in gold. But while the
litter, By rs force and sudionncss has dono great
injury, excessive Use h equally to be deprecated and
should any combnslitns be formed TO the price up
unrcasonsby nigh again. the Treasury will do well to
check A. rsr ne possible by anticipating the payment
Of the Interest on ths May coupons. Under present
circumstances, however the Treasury will prepay
the interest In question What want is to have gold
freed from the evil influences OF gambling in H. and
approach made To stability Of value in the currency
On the I'd inst the directors Of tho Bank ~ England
again reduced The rate OF dscoun. from I've per cent,
1which has stool sine9 The 2eh q january 10 fourand
ehar Since Ieagay fs4, Tie following ci,.SSrss l. 4