The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-26

The export Of gold by Saturdays steamers aggregated
$l3e 1885, of which the New York took s1O3 500 the
City of Boston 1885. making for the week $40, 207
The demand for duties port amounted to
S2,509,4is.
Thu speculation in the leading railway shares was very
brisk, and Michigan Southern Rock Island, Cleveland
aud Ptsburg and Northwestern preferred were rarticu
larry active at advancing figures There also rather
buoyant but spasmodic movement In Hudson Rycr and
Reading The advance was most marked in Rock Island
and EichIgan oulhcm owing TO the pros an extra d.
vdend from the former the resumption o. eight per
cent dividends by the latter company. Cleveland aud
Pttsbug bought largely in view or negotiations
foot for leasing the road to the Fort Wayne Company
terms said 10 be equivalent to eight per per
on the capital but outside parties viii probably
consult their interest best by leaving the stock alone
Late Friday afternoon q sudden squal caught the
market under full sail, but It passed in
Q few minu,es In the interval, however, Michl.
gan Southern dropped for moment to IS,
after selling at s3I the day, and reacted
10 sos 81. The bears, who had rushed In to sell
Short were scrambng to ''cover," at loss The
market closed firm Saturday, the following being the
quotations at halfpast five O'Clock Rock Island ll5A
118 Michigan Southern SIS Il, New York Central
92K q, Eric soy Il, Hudson River 109I Y. Read
ing l0l "a Northwestern 27i4 ~ preferred 55k SO,
Fort Wayne 911 q 90, Quicksilver 40 4 u.
show Of armness, and a disposition to purchase
on the part of importers stimulated by
the fall In gold. Afterwards, however, the
supply OF bills increased while tho demand sackeued
and rates became irregular Bankers bills England at
sixty days declined from ios = on Monday to l07 q
Saturday. This condition OF the market of
sisted tho depression Of gold Cotton and cotton pros
poets continue 10 exert governing influence upon the
price OF exchange and the increased receipts at tho
ports during the past wcck-iho total being about
900 baes-indueed ''bcarsh' state OF feeling
among both sellers and buyers. This was strength
cned by the nrmness OF tho Liverpool cotton
market and the active demand for American from the
Manchester spinncrs aud for the continent, and the
Impulse thus gwen TO shipments from this SIDE. Tie
exports from this port larger than usual those for
the week ending the 10Th inst. having been 1888
bales The receipts for the week ending on tho I'D
were 10 ITS bales and tho market very active and
although It opened weak on the whole, firm, not
withstanding tho dropping tendency OF gold The dry
goods trade was also active although at
lower prices and the prolonged stagnaton which
has thus far In the year characterized this
branch OF business seems to DO giving way to moro
natural condition Of things Tho decline in tho prices OF
both domestic and foreign manufactures since tn,
mcnccment OF the wear has been twenty five to
thirty per cent a rl Of the losses sustain by
importers and iote hay be inferred from this Cotton
has during the same time experienced sim heavier
decline; but II Is stl hgh-niddng which worth
average llS cents per pound in 1852 being worth
IL cents. Taking into consideration, however,
the uncertainties attending the next two or three
crops, may be that the staple Is cheap at
present prices especially u Congress should Ivy the
proposed of Eve per pound upon at the place
Of export or manufacture.
The money marke, has been through Ut easy at I'VE
per cent with few exceptions at six and this condition
OF monetary affairs Is likely TO continue and do much
towards stimulating speculation for rise on the sto'
Exchange--a tendency which VIII be strengthened by
the restrictions imposed b. Congress upon the Secretary
OF the Treasury with regard TO tho currency An easy
money market will In fact be indispensable to the la,tc'
until the whole Of tho scvcnthrY notes and other Inter
est bearing obligations are funded.
Government securities were quoted on each saturday