The New York herald., 1868-05-06

the legal rate while the best grade Of commercial
paper passes on the street at per cent
The statement OF the public debt for the month Of
April Is published this evening, and when compared
with the last preceding statement 1t shows that the
total, after deducting the amount In the Treasury,
has decreased 1885, but we omit this amount
from the calculation the decrease is only no.
Yhe debt bearing coin interest has increased
$685., ,45o owing mainly to the issue Of new i've
twenty bonds the aggregate Of which has increased
from S. 424 1896 $50 to Az ,450 while the ten
Ierty bonds have also been increased about million
and q half by sales from the amount held in
reserve by the Secretary OF the Treasury. The
eebt bearing currency interest has decreased
TO still greater extent-namey, $21 800 7O0-in con-
sequence OF the purchase of seventhirty notes. the
aggregate Of which outstanding has fallen from
$l85, 100 to $163 400 $50 The compound interest
notes have been reduced about million and hall,
while the three per cent certificates have been in
creased two millions. The decrease OF s., 900 In
she matured debt not presented for payment is due
TO the redemption Of compound interest notes. seven
thirtes and temporary loan certificates. The in
crease OF $147764o in the debt bearing interest
fs attributable to the addition OF nearly that amount
Of the gold certificates OF deposits in circulation
There is an increase of sixteen millions and half In
the amount in the Treasury o40 Of which is in
coin and $s o44 100 in currency The statement is
funding operations are going forward rapidly, and
that the aggregate debt is meanwhile being reduced
70 limited extent We avail ourselves of this
sion to again call the attention OF Mr.. McCuloch to
the absence OF those details OF the debt specifications
Of the authorizing acts, dates ofthe maturity and
nnal interest payments which were furnished by Mr.
Fessenden, but which his successor has omitted to
give without good reason We remind him that il is
never too late to mend.
The gold market has been quiet and steady oil
cay, and the fluctuations were from 1SoH to l397S,
with the closing transactions at 1904. The supply
OF coin was in excess OF the borrowing demand and
The gross cearings amounted to SIS 600, the gold
balances to So 2046,155 and the currency balances
$2S658S2 The steamer Germania took out mil
lion dollars in speciea larger amount than has been
shipped by any one steamer for many months past.
Many OF the prominent operators still continue to
express themselves bearishly with view to pro-
ducing temporary depression for the purpose Of
buying preparatory to fresh upward movement.
The probable result OF the impeachment trial Is
much discussed, and opinions are now about equally
divided as TO the conviction acqutta Of the
President. 1t is generally believed that his convic.
'tion would be followed by an advance In the pre-.
MUM, while his acqnittal by removing the pre-
vaillng apprehensions and suspense, would operate
against an advance while 1t would not necessarily
involve decline. The Treasury sold small amount
OF gold and bought more than an equal amount of
seven-thTtY notes to-day.
The market for government securities was dull and
steady during the early part OF the day. but in the
afternoon 1t became 1rmer, and under increased
speculative activity prices advanced fraction. In
addition to the s2S e27 900 of compound interest notes
maturing on the 18th inst, ana which the Assistant
Treasurer In this city is now prepared to redeem on
presentation, S512,00 mature on the 18th OF August
e3l27 900 on the 1st Of September 1s1 900 on the
18th OF September, sk965, 600 on October /, and
t3,3oo0o0 october 10. on the lst of April there
were S5,393,0oo Of overdue compound interest
notes outstanding AT the close OF business
the following quotations were current:-Rcg-
Mtered 1881, 113 a 113S; coupon, 1881, 1l3
ns%; 6-2os registered, 1862 1888 1o71I; 5-2o's,
coupon, 1862 1917. a 1osH; do, 1894 1867 1861;
do.' 1861 1861 l067s; do, 1866, January and July,
ioc% lJ9; do, 1867, 1o04 1905; 10-40s, regis
tered, lO2s 1895; 1o-40s, coupon, 103 a I03h;
June 7'sOs, loT% 1o7'6; July 1905 1o7t4 1879.
may compounds, 1864 1l91I; August do, lis; Sep
sember do. ll7X October do, III.
AT the commencement OF business the stock mar
ke' was strong and at the carly session OF the open
soard Erie sold at 71K and New York Central at
szs'S. Az the first regular board there was mode.
ate degree speculative activity and the preyious
edvance was well sustained, while New York Cen,ra,
Eric ana michigan Southern were the strongest Of
the rahway shares. New York Central closed II.
hgher than at the same time yesterday, Erie tx.
Michigan Southern 21S Cleveland and Pittshuro Y
Rock Island u, Northwestern z. preferred l,., Pa
cinc Mali NJ quicksilver 1H, and Western Union
Telegraph ~ Government securities were dull I'm,
steady. At the open board at one O'Clock the marriott
was dull and slightly lower, New York Central
selling at 100 and Erie at 7o% At the second
regular board speculation was languid. ana
New York Central closed u lower than at the first
regular board, Michigan Southern u, Rock Island A.
Northwestern u, preferred u, Ohio and Mississippi
u and Quicksilver y; while Milwaukee ana ST. Paul
preferred was y higher and Pacific Mail u. Govern.
ment securities quiet but nrmer and prices ad.
vanced fraction In some instances. At the open
board at half-past three the market continued dull
and Erie sold at 7o,l and New York Central at 1851
1%H. subsequently prices improved fraction, but
there was very little business transacted, and at half
past five the market closed steady at the following
quotanons;-PacncM Mail eajf e3,I; Ohio and Missis
sppb oS So5s; Canton Company, 50K O to%; At
ianuc mah, 81 34h; Quicksilver, 20 90 Marposa,
S%; do. preferred 1ots a IL; Western
union Telegraph 3sk s7h; New York Gen.
tral l2s% l2s Erie 7o,s 7ok do preferred, 7sx
70; Hudson River, 1877 1as; Reading, 90 a ook;
McnIgan Ceatras lis a llsk; Michigan Southern
cS| s4S; Illinois central, LAT l<9; Cleveland and
Pittsburg, 81 O SIX; Cleveland and Toledo 1osu
1o6; Rock Island, % o o41l; Northwestern. asa
sSx; do. preferred, 7c,.; Fort Wayne, Io4Y losx:
Wabash, 81 q SIX.
Consos and American securities were quoted Thus
IN London to-day and on the previous dates men,
tioned;-
Aprn H. Apra "a Mosb
Conscls. esk q ssa< e3< ea1l eSX a "a
k1ye.twenties. 7ok A. 20 7ox 7o% a 70.
Zne........" DXa- 46Ka- 46H -
The foreign exchange market was strong but dull
sne demand for bulls for remittance against coupons