New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-01
TUESDAY, Jan. 3l-P. ".

TUESDAY, Jan. 3l-P. n.
Gold has been much excited undcrpeace rumors,
orders for American stocks from Europe, and con-
segment low rates for exchange. The opening rate
was oil, followed by quiet decline to 2O5, rally
to 2O6I. and sudden return to 2o2! The closing
rate was 2C5s
Government stocks are al higher under fresh
foreign orders, the nov sscertained fact that no
more gold bearing bonds arc 10 be issued, and no
more currency authorized. The old 5-2Os are rated
Of lO91 a 1884, new at 1857. The iO-iOs are quoted
st lOl.
The announcement that the Treasury Department
has intrusted the sale of the 73O notes to the firm
o. jay Cooke & Co., has given new confidence IN
the administration Of the finances. The leading
dealers in Federal stocks have been associated In
the plan as agents; at an early day the entire ma
ehinerv used in placing the j-2Os will be revived.
These 500 notes axe the most desirable security
upon the market, and cannot be too fully COM
mended TO parties having idle money. They are
free of local taxation pay than legal interest
and at maturity are convertible into goid-bearlng
per cent bonds-now selling at u premium. AS
new speculation they are preferable TO any of the
bubble companies so steadily urged upon the public
and should be taken 10 the extent Of one million
per day at least
Stocks are all down again, and sellers are pressing
contracts for future delivery. The temporary firm
ness gained by the large dealings in Erie has dis
appeared, and there are no buyers except to cover
short contracts. Upon the street after the Stock
Exchange adjourned prices were lower, and at the
Second Board the desire 10 sell was very great.
New-York Central fell per cent ex dividends
Hudson River per cent Michigan Central, 2;
Cleveland and Pittsburgh, .; Michigan Southern,
]; and Rock Island 2 per cent AZ the close there
was arecove-y from the lowest points, but 10 buying
for al advance by the public or BY specializing
brokers who were overloaded With stocks, al higher
rates.
Money continues abundant on call, at 6G1 per
ran, and at these rates Stock houses are unable to
nae the capital offering. There is no disposition 70
Inv commercial paper, which, under the weakness
inreo,d. is,consdered extra hazardous The fall IN
gold has checked business in all quarters, buyer'
asking concessions which sellers refuse to make.
The result is that merchants are left with theli
goods 70 be marketed later at lower prices. Con-
tumers have made up their minds that eod Is 10 DC
pernaneDty lower under souHder system a Ma
uonai finances, and buy from hand to month only.
The drv goods auction sales open discouragingy
for importers. To-day the catalogue Of wider
nines g. Mount included Cloths, WooleDs, Linen
Goods. Sc. The latter articles went very low-62-
inch heavy bordered Duck bringing 81! 039c, and
-inch heavy Barnsley DO. GOc.. the prices being so
aesponding as to cause the Withdrawal Of nearly the
whole lot 26nch brown Drills sold at,6c.; 3o-iDch
Spanish Linens, l9lVj4057c., which, at private
sale, command 30 a5iqJ9c.; and 27-inch Elastic
Canvas, A. n f6c. A single sample Of 81 brown
Hollands was disposed Of at 4Oc., and al 90. al
SIC The wooden goods-nferior grades especially
sold heavily at different prices.
Exchange tends downward and the quotations
are nominal. Leading importers are not ready p1r-
chasers at 1899 for gold, and expect much lower
rates. The supply is large, and it is understood
that good deal Of Southern as well as Northern
money is now being transferred 10 the United
States. The European adyices in regard to United
States stocks are favorable, and at an early day the
demand will have an important effect upon OK
change.
Froights arc firm. Tie engagements 70 Liver
pool are 800 boxes Bacon at los; 1909 ties. Beef
part at Is; 800 boxes Cheese at l5s., and per
steamer, 800 bales Cotton at id. To London:
100 ties. Beef at &c.; 200 hhds Tobacco at 27s. Cd
To Bremen: 80 hhds Tobacco at OBS, and 30O
cases do. at I5s. To Antwerp: 900 tuns Logwood
81 2as. and 10 Rotterdam, lJ0tLDs Logwood at OBS.
The Supreme Court OF the United States has
Affirmed the right TO exempt Government stock.
from local taxation. The case decided is that Of
Eow-York banks as 10 the power Of State 10 taz
banks whose capitals are invested in United States
bonds. The cases were made on the laws Of New.
York of 1868 Under the previous law OF 1857, tho
Supreme Court q tie United States held that &C