The New York herald., 1867-01-30

passed, although s hardly likely that II will bs during
tho present session. Mr. Spauldng, Of Buffalo, in
letter to the Comptroller Of the Currency says that
would bc breach OF faith to do 90, but this IS incor
rect and in view Of the saving OF nearly twenty millions
Of gold per in interest the bonds deposited as
basis Of circulation the subject Of the exchange should
receive careful consideration.
The money market is without change, loans being
made freely on good coaterals and wide margins TO
6rst class houses per cent while under other
conditions borrowers find difficulty 10 supplying them
Selves owing to the dstrust OF lenders The leading
dealers In government securities are at the came time
enabled borrow Ave and six por cent owing TO the
preference shown for these coaterals large por
on Of the funds the disposal of the banks unen
ployed, owing to tho extremely cautious policy they
pursuing with regard to loans, and which has re-
suited Ia forcing many OF the heavy sales Of stocks that
have been made during the last week. In tho discount
line there is very little doing and oven the best grade
Of commercial paper Is with difficulty negotiated at
8 per cent the general quotation being a9
At the early session Of the opcn board Erie sold 1t
52; New York Central, o6k Northwestern, 50 do pre-
ferred, SIX; Rock Island, o1; Michigan Southern. 81;
Reading 1904 Fort Wayne, o. At tho FIRST regular board
there heavy business transacted and at improving
prices in most instances the tone Of tho market having
became nrmer New York Central closed per cent
lower than 1t the time yesterday. Erie 4, Hudson
2k, Reading 1A, Michigan Central Y, Michigan South
ern ~, Illinois Central X Cleveland and Pittsbury 5
Cleveland and Toledo Q Rock Island 3K, Northwestern
2H, do preferred s. Fort Wayne 4, Toledo, Wabash and
Western 1, Alton and Terre Haute 1;S, Ohio and Mis-
sissipp certificates 1X. Pacific Mail OK. Atlantic Mail
QOioksiver 3K, Canton S,s, hariposa proferred az,
wesssrn Union Telegraph ~. Government securities
dull and barely steady. sevenhlfty nstss Of che
second series declined y, third series North Carolina
sixes new ~ers * lower; Tennessee SKIES (ex c} q.
AZ ths one O'Clock open board thep pA5kst steady.
and Ns~ Ysrk Central sold y ", Erie ssx, 5sS;
Reading tolx : Io2k; Michigan Southern; SSx %;
Cleveland and Pttsburg, 75N : 70; Fort Wayne, "
az; Rock Island, oaK %; Northwestern, "a a4k;
do. preferred 6sH 50.
Al the halfpast two regular board the market had
arm tone, and confidence in higher prices generally
expressed. New York Central closed higher than st
the nrst regular board Erie I Reading I. Michigan
Southern 1H, Rock Island Y, Northwestern L Fort
Wayne " Ohio and Missssispi certificates I. Pacno
Mail 8, Caichsilvss T. Marfosa PrsserrUd ~, we.s-
Union Telegraph Z. Government securities wore meg
iected except Nvewenties Of the new issue Of 1885,
which advanced =.
AZ she hapsst three open board prices were without
material change New York Central sold u PIX %;
Erie, 6lh Slk; Reading. 102K; Cleveland and Pitts
burg, 7sx q; Cleveland and Toledo, ll7k k; Rock
Island, ssk; Michigan Southern, cox X; Northwest
I'm, slx-prsfened, 59H . v; Fort Wayne, o4H;
,.rreS Central lis (exd) Canton, ~; Mariposa pro-
tnus nv tSs Compound ntsrsst .n'As -.-. xuosed
llsx; October lxi M Bscsrn.- % ,ss~ ,,n ~
May, 1885. 1i1A llasz august, I1ox III. sao,.,.'
Der. l1oK X: October, lax Ak.
At half past Ave the mar.t closed s.ro,c :, ~ s,
lowing prices:-New York Cetral osx %: Rr,o ssx
| . v; Reading 102i< 4; M!csUan southarn eo,< 7o.
Cleveland and Pittsburg, Is; Ack Island oax a o..
Fort Wayne. % 4; Northwesis, ,s k-nrs,srrod
ooa y; Western Union Teiegrap a. =. CleyeIand
and Toledo. 1l6.
The New York Central Company hA,eclarcd n. mana,
semi annual dividend Of three per cont on reb
ruary 90
the foreign exchange market continues =, .n1 -.
receipt Of sterling bills from the So, ,eras "a
slightly depress rates. Bankers bills on Es,.rd !,
sixty days were quoted the close at 1oSx 900. 4
three days. lo9}s li0; commercial bills. 1o7k az
francs at SIXTY days, $50 Sis; at three days. 613y
SIS; bills on Berlin, ~ 7sA; on Bremen. 7sK 7oss
| on Frankfort, ak Az; on Amsterdam. Ak eAH;
on Hamburg, 3sis 36ss; on Antwerp, $40 6.17h.
The gold market opened at 134, but by noon had I'd.
vanced to 134h and subsequently II remained firm 1t
13ik . y, closing ct 134H. There active bor-
rowing demand for coin, and loans were made at q
| per cent for carrying and without interest II
| s announced from Washington that At q meeting Of
the Finance Committee Of the Senate this forenoon the
CONSIDERATION mouse
and after brief debate . vote takcn, which re-
suited in the rejection OF the bill There nothing to
regret in this the bhi passed by the House, i'm
posed restrictions upon the Secretary OF the Trea
sury, either az time amount and IL meri.ed reec-
ton that account The Secretary Of the Treasury
should have no discretionary authority whatever 10 sell
gold and Congress should pass bill amendatory Of that
which authorizes him to sell at his discretion Tho
gold the Treasury boards tho better viii be for
the public credit and should therefore be sold The
present bill seemed 10 have been framed the interest
Of the Secretary for the purpose Of facilitating Jobs like
that Of May and juno last which became public
dal The government sold about forty millions OF gold
at that time within mesth and mainly within week.
and yet the price advanced from 12sk the LIST Of
Nay 70 1874 on the 18th Of June showing conclusvey
that the Treasury powseH TO control the PREMIUM
and that the more II sold the higher IL Moreover
the Treasury nes BY supplying the market freely slim
uased It's sxportason and between tho 9th Of May and
the end Of June exported from this port and Boston
3l3 PSI ,6ao in specie The course Of gold u that rc
msrkable period greatly disappointed those belonging
the Treasury clique who were operating for .
fall. aud who were compelled to cover thcir
'shorts" At heavy loss. n Congress withdaws,
as We advise, the present authority OF the Secretary
sell coin an end will be put 70 jobs OF this kind conn.
dence In the public credit will be strengthened, and the
premium viii eventually BE- lower than IL otherwise
would be 10 consequences Of the Treasury hoard
Mining stocks were quiet and rather heavy. Az 80
rsf board Consolidated Gregory csed S1 4oower
than At the same time yesterday selling at - 70; New
York Gold lSc., selling At 81 oo loryd loc, selling
ns7 20; Smith and ParmeIes soc. ssiIIng - IS o6
Quartz Hin selling at 90 90 tbs second board Con-
sodatcd Gregory Gold closed 81 IS higher than ~ tho
arst board selling a 80 %; Smith and Parmsec aOc
selling so Is Coydon was $50 lower. selling ~ ~ l5
"a Qxsh- Il.
city to-day ~ follows:-
kecs,pss g. 12s e26 Customs. .. .... 9l700Oo
Payments. Ll41, ,oes CON notcs....... l7s,000
Balance. i0s, ,16o, zt
- -----~-.. .-esni sf exports terousvs y s'seis'