The New York herald., 1868-02-09
FINANCIAL AND CONNER cIAL,

SATURDAY, Feb 80 r. u
Wall street has bsen In . hopeful speculative mood
to-day and the Stock Exchange large business was
transacted In railway shares advancing prices Erie,
Michigan southern and Rock Island the most ac-
tivs but there well distributed animation in
the rest Of the list and the improvement was main
tanned up TO the close No reports invented
by the bears. In Erie. to disturb the equanmity OF
stockholdsr and the price OF that Observation-Disclosures
ritz advanced at one time to TAX. The statement OF
the public debt for tho month OF January excited very
little comment. although II shows increase after
deducting the amount in the Treasury Of $40
the balance Of currency In its vaults having been reduced
to $25 67S,160 and Of coin to $9s, 162 Of which
$40 96l9 $50 owned BY the public and represented by
certificates Of deposit There was an active conversion
movement during the month, and more than twenty
three millions OF seven-shry notes were Withdrawn
while million and quarter than this amount OF
1ve-twentiss issued The rumor that fifteen mil
lions OF ten-forty bonds sold In January
dictsd by the statement, which shows increase Of
less than three millions in these bonds More than three
millions OF overdue compound interest notes were
redeemed within the month and million and
three- quarters Of three per cent certificates were
issued In exchange for q portion Of tho same Mr.
McCulloch still adhercs to his system Of Withholding
important details OF the public indebtedness In these
periodical returns He omits to specify the different
Kinds OF bonds bearing tho OF interest," also
the authorizing acts the dates OF maturity and the
amount OF interest payable annually each class Of So
curtea Mr. Fesscnden used to give these details and
why should Mr. NcCulloch omit thsmt
The gold market strong and moderately active
under the influence Of fresh from Washington.
regarding the possible action Of the Reconstruction
Committee tending to the impeachmens Of the Pres-
dent and the fluctuations from l42 to 142H with
the closing transactions the highest point Of the day
Tho shipment Of $7o6645 In gold and SILVER (chiefy
gold bars) BY the steamer Vile de Paris making o
total bullion and specie export during the week OF
$1,o44o57. also strengthened the undertone Of tho
premium. Cash gold was in somewhat more active
borrowing demand than for several days past and loans
at rates varying from three to six per cent
The gross clearngs amounted to $67 the gold
balances to S. 6s4 and the currency balances to
$500. 685. The Sherman Funding bill was good
deal discussed. but ths general opinion is
that 1t stands chance Of becoming law and that II
It should BY any possibility do 1t will be Of
teria consequence docs not make the conversion
OF hvewenties into the proposed I've per cent bonds
compulsory and without this clause Is Is nugatory. It
was rumored late In tho afternoon that the Treasury
had been seller Of gold during the day in order 70
prevent the premium from rising under the mpeach-
ment rumors but there evidence Of this In the
gold ROOM neither is it probable that sales for this
any other purpose were made by the government
The daily range Of the market during tho week was
Aarc tad.