The New York herald., 1865-03-16

10 80 A. M..........177 2:20 r. M............l77's
IL :25 A. AM.........l76H 400 7. h............17S
IL 2;25 r M..........lIsA 900 r h............iHH
l:zO r. M..... .if4A
The stock market did not sympathize fully with the
decline of god and the rsi board it active al
though heavy The theory that railway stocks selling
below their real value specie basis and that there
fore Their market price ought be unnalenced by
further fall that may take place in god is entertained
by some Of the heavy fall which has already
taken place few OF the 'shors" beginning to buy
in The ''short interest Is undoubtedly large, but the
efforts Of operators for q rise ungded by outside
buyers, and this leaves the market inhercnty weak
Erie y lower the call than at yesterday rs second
board, Hudson River l. Reading " Michigan Central
1x Michigan Southern y, Illinois Central, ,1h Cieve
land and Pitsburg u. Rock Isard u, Fort Wayne ~
Cumberland 81, Quicksilver 1X Government secun
tics depressed. Coupon Hvetwenties declined "
new issue u a -, tcn-fortes u y.
At the open board at O'Clock the market dull
and nearly steady. Eric improved e. At the second
regular board there general advance. Erie was ~
higher the close OF the FIRST board, New York
Central u. Hudson River y, Reading y, Michigan
Southern x, Illinois Central y, Rock Islandlz, Fort
Wayne lh Cumberland y. Cleveland and Pittsburg was
u lower, Northwestern u.
Government securities continued heavy. Five-twenes
Of tho old issue were ,s lower, ten-fores y.
At the open board hafpast three the improvement
In the railway list continued.
During the last three days there has been marked de-
preston and stagnation IN all the merchandise
and produce markets, and this par
scularly observable oday. On the Produce Exchange
there of failures in Philadelphia and ese
where The decline Of yesterday followed by still
heavier to-day in wheat -four, corn pork and other
produce. The fall in pork during the past two days
has been nearly two dollars per BARREL making about
dalio htr cntia havo
sympahzcd actively with the general markets, the
former declining to 80, and the latter to 81
for middlings There is settled gloom among
the mercantile community who hold goods paid for
at high prices and numerous failures threatened.
They begin feel that the Legal Tender act which
increased their nominal wealth. is equally powerful 70
carry away again and leave them poorer than before
The evil of inflated paper currency is to be found in
the evil nacts upon trade by the violent yet subtle
disturbance Of values.
At present the fall OF gold is sensation There are
ton sellers to buyer in the market and public sen
mcnt almost unanimously declares that gold must so
much lower The consequence Is that the market will
immensely oversod and that the fall will be pre-
cpitaed much below the point which 1t will settle
after this panic Of excitement over and that then after
bottom" has been finally reached, there will be grand
rush Of the 'shorts to buy in, and corresponding
scton in public opinion At present the prevailing idea
Is that its end and thas gold has value
above par
Money has been rather active to-day, owing TO the
shifting Of loans and the call has been strictly
seven per cent governments. Commercial
paper regarded with strus owing TO the depreciation
of market values the best grade only is taken at
10 per cont Foreign exchange sagnant at 107A for
bankers sterling at sixty days
The steamer Ocean Queen, from Aspinwal, brought
&431, 1872 in specie
The business at the Sub-Trcssury to-day fol
lows
Receipts from customs. Sl99, 600
Total receipts. 3oi2 5OS
Payments. oo.,ys
Subscriptions TO government loan. ......... 642 900
Tho aggregate value Of the exports exclusive Of Specie
from this port during the week ending March II, was
S3572 500 The exports for the week compare follows
with former returns:-
1863 1894 1885.
Previously % lou roporicd IS sSs $50 soiOsoa 4sSi74s
Since January l.. $40 oOo 7os 81 40slos 4'5l7, eos
The New York imports compare rs foows:-
1853 1884 1865
General s sn merchandise seSsoi a7ssHi a5sasoa
Total for the week. s. 29i, ,os4 s25o,i24 s,7o0,2sa
Previously reported. S,a7i,os7 4sss'so3 r. ,2oS
Since January l. s35 COS OF 4slos,o27 2e,37o,S4
The commerce Of New York from July /, compares as
follows:-
1929 1904. 1905.
Imports, mdse S12s 253 6s7 1871 3e5, ,401 1o2 o300s1
Exports produce. 1877 394 3l9 1l0065 IT, 1898
Exports, specie. A. 324 951 3s,452 320 20237, 38l
The following is an official copy Of the act amending
the National Currency law
Be IL enacted by the SENATE House OF Represents.
tives OF the United States OF Amera in Congress
bed That twenty OF said act be amended
that said section shall nd as foliows:-
SIC. 21. And be IL furthr onactcd, That upon the
fran and a a
vdtd In the foregoing section the association ma ing
the shall be entitled to receive from the Comp
troer OF the Currency circulating notes OF different de-
hereinafter provided, equal in amount TO ninety per
centum the market value OF the United Satss
bonds transferred and delivered, but not exceeding
ninety per centum of the Of said bonds at the
than five per centum per annum; and the amount
OF said circulating notes TO be furnished to each
association shall DO in proportion 70 It's paid up
capital follows, and no more.-To each asso-
citation whose capital shall not exceed five hundred
thousand dollars ninety per cenum OF such capital 10
each association whose capital exceeds i've hundred
thousand dollars. but does not exceed one million dol
lars eighty per centnm or such capital To each asocia
tion whose capital exceeds on dollars docs
exceed three millions Of dollars seventy i've per centm
OF such capital to each association whose Cap tai
ceeds thre millions dollars sixty per OF such
pal And that nded and fifty millions Of dollars
OF the amount or circulating notes authorized e. be
issued shall be apporoned 70 associations IN the states
In the District OF Columbia and In the Territories accord
ting 10 representative population, and the remainder shall
be appooned by the Secretary Of the Treasury among
associations formed In the several states In the District
OF Columbia and In the Territories having due regard 70
che existing banking capital and business of
such state, district and Territory
stock Exchange.
WEpynnAY. March 15-l0:30 A N.
$1,000 o s 6's, 1851. 100 100 shs N Cent RR 1o5X
1000 US 8's, 81, reg ll0 100 do. .b30 LOO