The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-27
FINANCIAL AND COMMERCIAL.
SUNDAY. Nav "a Is81

SUNDAY, May o. 1867.
The past week was one Of gloom and deprsssiou on
che Stock Exchange and the decline in all the leading
speculative railway shares and especially Erie and
Northwestern, very Marked considering the album
dance OF money and the previous course OF the market
The stock market closed unsettled It hapass Eve on
Saturday at the following quotations, the depression
being influenced TO some extent by the belief that tho
bank statement for the week will show large decrease
In legal tender notes. say above three millions, and
moro than double this amount in deposits the loans
being down two millions and the specie million and
halt the increase Of the balance in the subrsasuy TO
sls2. 2sl, 220 being sufncient to account for the
decrease in the legal tende:-Nev York Central ok
*; Erie 5sX 49, Hudson, lOox lol; Reading, los .
=; Michigan Southern ooKa n; Illinois Central, 1l5K
AZ; Cleveland and Pit,sburg, tax X; Rock Island,
* Ak; Northwestern SIX 50; do. preferred, S7k
y; Fort Wayne, s5X Y; Aariposa preferred, Tx
10; Ohio and Mississippi certificates. rs Ak.
Government securities were moderately active and
arm in the early part Of the week, but subsequently
tey became rather dull and heavy and closed steady at
ssght decline from the highest prices touched The
er activity in them ct present Is due TO the conversion
srons Of the Treasury the demand for export being
,sry light and it Is TO DO hoped win continue 90 for
here Il already far large IN amount Of our bonds
teld In Europe and liable be returned TO NJ 1t any
tme 20 BE- compatible with our own financial safety.
The gold market was on the whole nrm, the range Of
he week having been from 1867 TO 1857, with the
doslng transactions Al 137k Tho failure Of Fraser.
trenholm Co. . source Of temporary uneasinesa
n consequence Of the large amount Of bills on England
which they were known have outstanding; Tut thus
n heavy losses BY the suspension have Eanspred
tho liabilities Of the arm are variously estimated at
rom three i've millions and tho government It ID
ascerainsd has lien upon any part Of their property
AZ Wb~A
Amand for coin for export aggregated only ST. oo
exclusive Of . shipment Of 100000 BY the Cor
aca for Havana not recorded In the Custom House
return. The demand for customs duties ct tho port
amounted to 000 and the disbursements Of coin
interest ON the public debt At the ubTreasury were
sl,49s0oO.
There was moderate business transacted In foreign
exchange during the week, and rates were well sus-
ianed, owing to the light supply Of bills in consequence
the limited exports from the Southern ports
md the limited exports or produce in general from the
North At the same time the demand for bills has
,sen larger than usual owing to remittanoss by i'm
,orten and account Of fve-twenty coupons
sn here from Europe for collection The rate for prime
nkers sterling ct sixty days was at one time no. but
Is the close 109N the highest quotation. Cotton
bills arc negotiated with dinculty, owing TO the
struss OF credits by the recent failures in the
xade and this having tho effect OF checking shipments
H the staple, Is one reason why they are 20 light
although last week they aggregated from all the
ports 800 bales Of which the Southern ports repre-
spsnt 1913 bales The receipts on the other hand,
were only 14s54 bales, making total since the LIST
n last September Of l.7l2s51 bales against l,sS7ese
bales for tho corresponding period Of the previous
year. The total foreign exports since Ssptem.
Der l aggregate l,2o7,4sl bales. against 1sso,oee
bales for the same time in 1860 Tho
tock on hand at all the ports M according 70 the latest
returns 213 bales against 4os 2os at the same time
ast year. The stock Of Ill countries at Liverpool on tho
ION instant sls05o bales; and ct London 45oll
tales and was them estimated that there were $4,000
Saes Of American aoas and $50 100 bales Of Indian
making total Of SIS 1el baea The fact that the cur
cont receipts OF from India larger than those
hom the United States noticeable because shows that
cotton culture still being perssvered in there, and that
NE supply from that likely 70 continue ON large
soas Tho imports Of American cotton into the United
Kingdom In 1868 aggregated 100 bales and Of East
Innn lb44o7S. or Brazilian 4o4 sos bales were In
ported the year, Of Egyptian, 2o0oSs; Of West
Indian 274 Of Chinese and Japanese only IL
Subonsd the highest prices obtained FOR the lead
fng stocks sold the first regular session q the Ex-
change on each Saturday Of the past four wssks:-