The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-11-02

The total earnings for the year 1855: were - S07
and for the year ss45 So so l9 showing an increase
OF s. 1873 942. The earnings in september last were
at the rate OF eleven and naf millions per annum,
estimated at over nine millions for the current
year. The common stock outstanding May 81, 1855,
amounted to $I3 o2i preferred. $l2 es4 49, The
funded debt was $l2 02o 49, the unfunded debt since
liquidated, only $50 sos
The money market easy at seven per cent on tho
Stock Exchange owing 10 a general disposition to lend
Al call nj that rate in preference discountng The
consequence that only first class commercial paper IS
marketable at q 10 per cent the transactions at the
former rate being exceptional. A report was
circulated noon 10 the effect that the
Secretary OF the Treasury was about TO place
. new loan on the market but this absurdity
was officially coniradicted by the Sub Treasurer
hero and tho Department 1T Washington. Mr.. McCul-
och under necessity to borrow, and does not in
tend TO loan Of any kind, or take any action
whatever whlch-wlI nrcc, the money market-at least
not during the present yearater which the sense OF
Congress will be taken upon the subject Of the finances
and the policy TO be pursued. The next bank state.
msnt will show a considerable increase In
the deposit line owing 20 the return flow
Of currency 10 repair exhausted balances here which
set in at the close OF last week Just now the subscribers
the Atty million funding loan feel temporarily impov
crushed to that extent; for having lodged their CON-
pound with the Treasury, and not yet having re-
ceived the nvetwcny bonds in return they are lett
without security O: any kind either to sell or borrow
upon. But after they receive the bonds their wealth
will be increased accordingly, and the vacuum
created by the withdrawal Of the interest," bearing notes
viii be nllod with funded representative, and this will
partially restore the monetary equilibrium In circles at
all disturbed by the fundng operation. The Treasury
Department to those who have subscribed to the
tha fsstto a~ia
sblc regardless Of any supposed effect which the new
issue may exert upon the price Of the previous issues
Of nvs-twenties In the Of close money market
Tho gold market steady, but fraction lower than
yesterday. The opening price was 1854 81 which 10
remained til the close Of business with tho variation OF
v only above and below.
The shipment Of specie BY the Scotia aggregated
sseoooo.
rse cashing Of November coupons which being
reosivod from abroad contributes 70 the floating supply
Of coin in the street.
Foreign exchange was dull but arm. Bankers bills
a dirty days were quoted at l0sk 100. and liok a.
three days There Ia largo amount Of Southern bank.
err bills drawn against cotton Offering and these with.
out city endorsements pass at 1osx r. The unusually
large mportatons which have been going forward for
long time past and still continue undiminshcd-thoso
for September last having aggregated In gold value
so4 400 against only $40 4so for the same month
last year-completely Offset the increased exports
of cotton and other products which have recently
rot In. The latter werc valued a only e1ss2s,34 In
currency for the month, showing an excess OF I'M
ports over exports equivalent In value TO moro than
eleven millions in paper money. The reason why the
foreign exchange and gold markets have not ruled higher
than they have done In consequence OF this dproporton
IL In the large shipments Of securities which
have been made In place Of bankers bills drawn against
gold The exports exclusive OF Specie for the nine months
ending with September valued NJ Sill, AS, lis
In paper while the imports valued st si4s 32a ooA
h. sid, exclusive Of se7, st2o7l Of goods withdrawn
f,n sarcbolse. No better commentary upon the
v IN our import trade than these figures afford Is
nc,s.,d my would, however, indicate better condi
to-, i. .,nss II ACCOMPANIED by Z correspondents sx