The New York herald., 1865-02-16


lZ:6o r. M...........Soo o:oo l. M.......-... .loo5s
1:30 r. M.......... .206B
The foreign exchange market continues stagnant
Bankers sterling at sixty days is quoted at 10SA ;
at three days 1094 r. Both gold and exchange have
against very depressing influences in the large
exports compared " tn the imports. While the ex-
ports from this port for the week ending February 13
valued ST. sla the imports for the
ponding period only 81 516 466, and comparison
OF the since the rst Of January, shows Of
exports imports of els sl4 exclusive OF specie
Included in the exports last 3061 bales or
cotton.
And while exports have been thus unusually heavy,
receipts OF gold from California have been unusually
large namely-s2 95s lel, whereas the receipts up to
the 7th OF February OF last year. less than thirteen
hundred thousand estimate therefore, based upon the
returns Of former years. longer applies But while the
legitimate demand for gold for export is thus diminished
the fact must not be overlooked that in proportion
our mporations fall of so will The customs gold reve
We have already gold bearing debt involving the
OF $63 43l Isl annually and this will be largely
increased in tho future by conversions of seventhrty
notes at their maturity Beyond the amount OF
thirty already authorized 1t is not safe go but II
may nevertheless become necessary to meet the urgent
OF the Treasury further issue OF these
notes beyond tho one hundred and seventy millions stil
remaining unsod under the aendaory Of the present
hands OF the Committee of Ways and Means making
gold interest up six per cent and currency interest up
three tenths per optional with the Sec
reary should be amended by striking out the former
privilege and substituting therefor the power OF
sion into six per cent bonds OF two hundred millions
the expiration of three years from their date, during
which they would bear and three icnths in
rcncy And in addition to this power should be given to
pay than ten per cent in currency without the
conversoary privilege for the other four hundred mil
Hons aud the Secretary should be required dis
pose Of these al par, but at tho best market price,
The authority to issue interest bearing loyal tender
notcs-scycnty millions OF which still remain unssucd-
should BE- revoked We are glad to find that renewal
OF the privilege Of issuing these Is all tho currency Mr.
Fesscnden asks for in his bill
Our remarks Of yesterday upon the first report Of the
bill published apply equally to the bill as it is now repre-
sented be- and protest against investing
the Secretary with power indefinitely increase the
OF gold bearing bonds which could fail to work very
great evil
The money market Is becoming more sluggish under
the limited demand from the Stock Exchange. Six per
cent Il hc more common both governments and
ars railway securities, although transactions with
the latter as colatcrals still made at The
rates paper show change, that OF the
bcsL grade passing al 10 per cent.
recent amendment Of the Clearing House rules makes
provision for change the hour Of meeting BY vote OF
rtha OF the mbers; another requires all
of the associaon report weekly, for publication,
III r tota Of legal tender notes; while third makes
tie bank clearing another responsible for days
settlement.
Tho payment q the FIRST semi annual coupons on the
sevcnhrty commenced TO- dry at the SubTreaury
and national Gepositares.
The seyen.thirty loan IS meeting with sue
ti-apo ohouf fia ne no
tends Itself by'which these securities class of in
vcstora who would otherwise he entirely of the
ket The subscriptions in this city day by Jay Cookies
agents include he following sums:-
First National Bank .................... 5000 600
Liycrm,fe, Ciows Co. Observation-Disclosures. 500 600
Total. 81, $50 900
In the report Of the puhc debt just communicated by
Mr. Fcssonden to the Committee Of WAYS and Means the
unpaid reqpistons stated be si25 s47o41 and the
balance in the Treasury only so252 o5s The pressing
need in which the Treasury stands FOR money is there
fore obvious and as besides the internal revenue
ccpt tins loan the only Of supply, its present
importance TIC government is very great,
The business at tho Sui. Treasury to day fol-
lows
Total rcceipis es5o5o
Receipts Tor customs .................. l32oOo
Payments ........................ 4s67 ,os5
Balance. 80 llB40o
Subscriptions to government loan .......... 5S2 900
The bghsss GaGh prices q tie railroad and miscells
ncous shares n e rs session Of the Board Of Brokers
today compare with the quotations Wednesday Of
week Gi foows:--
FHs Feb. Is.
American Coai Co. o................... 10 ~
Cleveland nnJ Pittsburg RR. ........ SIX s5k
Chicago and took Island LR. ........ 95sS g7h
Chicago and Northwestern RR....... 35 35h
Chicago and Northwestern KR pref. 65H 65is
Chicago, Burlington aud Quincy RR. lis
Cumberland teal Io................. ~ Doe4
Chicago aud Alton R2. 2............... 30 90
Chcaeo aud Alton prefenci......... %
Central Coal .......... ................ 20
Delaware aud huason canal Co .1eo 1e5
Hudson River RS. .l05af los
Illinois Central ri, ;................l lleS
Michigan Ceutrai RI. ...............1 III fi5
Michigan southern RR. .............., col s7x
Maripoea Miany Co.,................,1t n u
New York Central FR..............I12 1Igx
Now YORK md Erie RR............. TSN nv
New York and Eric preferred. ~ 90
Dhio and Mississippi certificates. 2Ih 27N
Rit8hprg, Fort Wayne Chicago hk saA 90
Reading Ik......... ..............iuo n8
! Government securities at to-day we're quoted as
folows:--
Registered skies of 1881.
Coupon siSes ~ ,iOh
Coupon hvctNc Mice tus
Registered nyetwentios.
Exos oi 1861 10y
Coupon ton fortcs
Ono year cerlcatce so1s
= State bonds wsro registered at the following prices
Virginia Bs....,...... 90 Ohio G's, 1879. ..lVoT
No Pacific RI 6g..... 20 Tennessee V's, 1870. %
('opnectclt ....... - North Carolina 8s.... 6sK
Illinois war loan ....... 30 Missouri 6s...... 05
indiana 6s........... 80 California rs s.......l53
The aggregate value Of the expors exclusive Of specie
fSeu this port during the week ending February a.
t107s sl3 The exports compare a. follows with former
ffumb:-- .
roy tbe week. ..... s4,ssG,6sa s,54e,l3o 707s,Sia
fEovoasy reported. 1sooe,27s 1e,essaa2 2bizS,sS4
nAos sssusry Lisa. .ssAsOe a0.aos,ssa sa,ae4,iU