The New York herald., 1867-02-09
FINANCIAL AND COMMERCIAL.


FRIDAY Feb. s-6PM
The gold market has nuctuated between l3TK and
iSsH to-day, the opening price having been l37S and
10 ciosing one 138 Loans made without interest
at per cent for carrying The engrossng topic
OF 'nversaton in the the Reconstruction
bill b fore the House Of Representatives and the proba
bes OF It's passage. 10 generally expected that
vote woA ID have bean taken upon II at O'Clock and
owing TO a disappointment this respect the market
was held I'M suspense. Should the bill pass the House
the premiuu will undoubtedly RISE but this tendency
will be checked temporarily to extent by sales 70
realize ON The PAT Of large number speculato who
have bought sodn anticipation Of sharp advance fol-
lowing the passage OF the b Should the bill not pas
however the undsrtone Of the market 70 arm that
can hardly be expected 70 decline materially, II at
ALL and u noticeable that every relapse brings IN heavy
buyers and quick recovery ID the result The Custom
House returns for the month Of January show that "
recsved at this port a. o20 in bullion and specie
during that time 81 4S2Sl0 Of which came from Cali.
fcrnia and $12c from foreign porta Our exports to
foreign ports, tho other hand amounted to 81 s5l
showing gain during tho month Of 3S7o7S.
The stock market continues dull under the prevailing
indspostion Of the street to operate largely either d.
rscton- Too many houses have been severely crippled
By the losses q she last three o. months for speedy
renewal Of tho speculative activity which marked the
summer and fall Of 1855 10 be possible Tho old ball ele
mont has been prosFated and new capital must take the
place o. what has been lost before another period
can be witnessed. Money Is flowing towards
the Stock Exchange from outside SOURCES, but
tue process Of recovery in this way necessarily SLOW
The course OF the market will be more decided in the
event Of the passage Of the House bill suspending con-
traction Of the currency during the present year.
even II the loan certificate bill should pass, but the lat
ter is a measure obviously in the interest OF tho
hopt hat 4 daro obc
bc passed IN Its stead substituting plain
legal tenders for the outstanding compound interest
notes as they mature To pass the Losn Certificate bill
would simply be to grant further subsidy OF four mil
lions per 10 the national banks and embarrass
the Treasury by compelling to redeem them in green
hacks, demand aer ten days notice, the law
provide The amount ofcompound notes out
standing the 1st inst $143 O8a the dates
at which cese mature may be estimated from state
ment made ~ the Secretary Of the Treasury to Congress
the 2sth a May last at which time she total amount
outstanding $107 14l. or these s3oOo 900
stated juno Is 1867; $47, 500 900 De-
cember Is, 1851; $67, 10000 on Juno 15 1858, and
$40 5l2 l4l ON December Is, 1858. Fifty and haif
millions would according 70 tbisaccount roach maturity
during the current pear, bm allowance must be made
for tho twenty -four millions which have been cancelled
in the interval The Treasury, It would from this
anticipate serious difficulty in providing for them
as they mature. The loan certificate bill nct how
ever framed mako provision for the redemption or
those notes. but provide convenient pcr-
manent interest bearing for tho national banks
than tho compound interest notes afford.
The money market is still easier than when we last
upon it. and the majority Of Stock Exchange
loans made At per cent. with exceptions
seven, while large balances left with the leading
dealers in government securities at per cent First
class commercial paper u In very limited supply. and
that sixty daysk taken at per cant discounk
Owing the dulncss Of business the Stock Exchange
the demand from Tho brokers Is light, aud large |
amount Of money in the aggregate u lying idle in the
banka sse' sa
At tho ton O'Clock session Of the cpen board Michigan
Southern sold = 7oK z0k; Rock Island, % a0ok;
Northwestern Ss--preferred, esx ~; Fort Wayne
osk At tho rst regular board the market steady
New York Central closed v lower, Ere y, Illinois
Central y. Fort Wayne 4, Chicago and Alton y. Read
ing y highor, Michigan Central u. Cleveland and
Pttsburg l. Cleveland and Toledo q, Northwestern X
preferred 4, Canton l. Government securities
neglected Coupon Ave-twenties Of the issue
advanced y. Tennessee skies Of the new issue
wsre n higher Al the one clock open board !
prices we're generally u k higher. At the
second regular board there material change in
the tone Of the market. New York Centra closed y
lower than u the nrst board, Erie 4. Northwestern
~. ~,
Illinois Central Y, Cleveland and Pitsburg Y, Canton
n, Western Union Telegraph y. There was moro &C
tivty in government securities which were nrm Cou-
pom ve-twentss OF the Issue Of 1895 advanced Y.
At tho hafpast three open board tho market was /
inactive and barely steady. New York Central sold a.
at lo2; Erie, sox; Reading. 104 n 3I Michigan South
ern, 7sK; Cleveland and Pittsburg. ss L. l0,; Rock
Island, ssX; Northwestern s7K-preferrsd, % osK;
Fort Wayne, osk; Canton, 20; Western Union Tele-
graph, 4lX %. 81 Subsequently there very little
business done. and It hapast ave the market closed
dull but steady a the following quosations-New York
Central, lo1x *; Erie, 5ek n; Reading 1o4 K; |
Michigan Southern, 76k k; Cleveland and Pittsburg,
SAX Vi Illinois Central 1os; Rock Island osjs %;
Fort Wayne, % . k; Northwestern, SIX ax-pre- |
ferred. esK Vi Western Union Telegraph, AZ o e; |
Cleveland and Toledo llots 100; Cumberland SIX |
Q 10
The foreign exchange market active, and bills /
were in good demand Bankers bills England at |
sixty days, 10sK . y; a. three days, 1857 1924;
commercial bills 107sS k Francs ut sixty days. Sis
5.2s; at three days 6i3k SIS; bills Berlin, T1k /
72k; on Bremen, 7sk 70; frankfort, Al Az; |
On Amsterdam, 4oX AK; on Hamburg. % c61S on
Antwerp, 622k a6.lSK.
The importasons Of dry goods At this port for the
week ending February compare follows with those
or the preceding week.
- 1yansl1| 7,ynnsy,|;-. 1SFse. ,,sd. Via. z,,-
.sss!:s:ss:: sss:" :! WOOL ,s.s 50 .ssssss
Manufactures OF cotton 270 49,, o43 z45 234 01e
Of s sI isssds
Miscellaneous. ........ s4s 1osliS 7sl 1880
Total. ......... 4s0i 81, ,soi, 800 soos sl,lsAss2
.:ss!:s:s.:: !. ss::ss @ =: 9 ss! ssss;