306

AMERICAN —RAILROAD JOURNAL.

specie, $2,611,738 of deposits, and $1,689,685 of
legal ‘tender notes. They increased their loans,

$717,986; and their circulation, $27,904.

The average amounts of the Gold Exchange
Bank loans and discounts last week was 31,315,-
462, average amount of specie $524,770, average
amount of deposits $1,209,436. _

National Bank notes to the amount of $129,610
were issued last week by the Treasury Depart-
ment, making the total issue to 1,685 banks
thus far, amount to $313,055,776, against 8282,-
555,440 at the close" of the ﬁscal year ending
J une 30, 1866. From the total issue is to be do-
ducted the currency returned, including worn out
notes, amounting to $13,150,693, leaving, with the
existing 1,626 banks, (having an aggregate capital
of $418,858,931,) an actual circulation at this date,
of $299,905,083. The United States bonds held by
Treasurer Spinner in trust for National Banks as
security for circulating notes amount to $342,622,-
900; and for the public deposits, $33,116,350-—
making a total of $375,539,250. The Treasury
Department last week redeemed and destroyed
$369,185 of worn and mutilated fractional curren-
cy, and issued $411,462 of new. The outstanding
amount of fractional currency on the 1st of
March, 1869, was $36,781,548, against $35,511,127,
on Feb. 1, and $34,215,716 on the 1st of January.

The U. S. Sub-Treasury receipts, week ending:
with March 6, were $8,221,692, including 93,257,
013 from customs duties ; payments, $6,604,387,
including $2,-183,846'of coin interest; balance at
the close of the week, $86,924,288, against
$88,541,593, at the close of the preceding week,
showing a decrease of $1,617,305. The business
of the Office during the ﬁrst two business days of
the current week, was as follows: On Monday,
receipts, $799,494, including $318,000 from cus-
toms; payments, $946,515 including $176,000 of
coin interest. On Tuesday, receipts, $726,000
including $338,000 from customs and, payments
$4,217,841 including $108,643 of coin interest.
The balance at the close of business on Tuesday
stood at $83,286,391, against $87,930,325 a week
previous; and $90,889,560, on Feb. 17, 1869. The
aggregate receipts of the oﬁice in February were
$31,657,457, including $12,179,726 from customs,
aggregate payments, $26,789,619, including .‘,t1,~
923,545 of coin interest.

The outstanding amount of coin certiﬁcates on
the 1st of March, 1869, was 828,775,560, against
$32,659,520 on Feb. 1, and $27,036,020 on the 1st
of Jan., 1869. The Sub-Treasurer at this port
issued, last week, coin certiﬁcates to the amount
of $417,200, and retired $3,154,113 through the
receipts for customs. The coin certiﬁcates issued
by the Sub-Treasury office, during February,
reached $1,684,240.

The income of the Government has been on a
comparatively satisfactory scale, since our last,
in both forms of customs and excises. The
excises, last week, yielded about 41/4 millions;
customs at the port of New York, $3,257,013,
and at the outports about $1,100,000 (in coin)
more, making the grand total income for the week
equal to abou-. $10,023,042 in currency. The total
receipts of the National Treasury, from excises,
during the ﬁscal year ending with June 30, 1868,
were $191,180,564. The receipts fromithe same
source, thus far in the current ﬁscal year, com-

‘ mencing with‘J.uly 1, 1868, have been about 100

millions, according to the latest Washington ad-
vices.

The gold speculation has been active and ex-
cited again, this week. The price has been un-
usually variable and sensitive, the range having
been from 130@l32}§, and the closing quotation
on Wednesday 131%. The general tendency of
the market has been toward even lower ﬁgures, in
harmony with the increasing measure of conﬁ-
dence in business circles, and with the improved
political prospect. The delays in the formation
of the Cabinet of President Grant, on a perma-
nent working basis, have been the chief source of
aid to the speculative interests. The export call
for coin has been light. The customs demand
has been up to a full average, even for the Spring
season. The Sub Treasury received duringthe
week $3,261,816 in gold for customs, and paid
out 82,483,846 gold interest on the United States
10-40 Loan. The banks lost$l,3-15,969 on their
gold deposits. They now hold a specie reserve
of 19% millions, as against 203/L millions same
time in 1868. The specie exports, last week, were
only about half a million dollars. Thus far in the
current week, the shipments have been conﬁned to
$39,000 on Tuesday.

The Gold Exchange Bank clearances on Wed-
nesday, were $106,558,000, and the resulting bal-
ances $1,638,576 in coin, and $2,277,204. in our-
rency. '

The customs demand for Gold last week, ave-
raged $542,835 a day; thus far, this week, it
has averaged $328,000 a day, or equal to a
weekly aggregate of $1,968,000. The arrivals of.
specie from Europe, Havana and other foreign
ports, during the week were $75,812, and since
Jan. 82,097,452 against $542,587 same time in 1868.
The receipts from California, last week, were
$385,366. The total customs revenue of the Gov-
ernment, in coin, at this port, from July 1, 1868,
to date was $83,987,493, against 376,141,248 same
time in the preceding ﬁscal year. At San Fran-
cisco, from Jan. 1, to Feb.,1869, $715,753, against,
$380,074 same time last year.

The total receipts of California gold at this
port, since July 1, 1868, have been $15,767,874,
against $23,096,863 same time in ﬁscal year 1867
—’68, showing a decrease in the current ﬁscal
year, of $7,714,355. The experts of specie, from
this port, last week, were $507,843, against
$1,543,290 same week last year; total, since July 1,
1868, $28,692,304, against $40,106,020 in 1867-J68.
Government disbursed last week through the U.
S. Sub-Treasury here, on account of the coin in-
terest on the public debt $2,483,846; since July
1, 1868, $65,642,192, against $53,519,606 same
time in 1867—’68. The specie exports from San
Francisco, from Jan. 1, to Feb. 12, 1869, were 84,-
784,186, against $4,789,669 same time in 1868.

Foreign Exchange opened more ﬁrmly, on a
moderate demand for prime bills, but closed
tamely and heavily, with an increasing supply of
both bankers’ and merchants’ drafts available.
Bankers’ prime sixty day bills on London closed
on Wednesday at 108%@109, and on Paris to
5.211/4@5.171/2; sight bills on London to 109
@109§§,' and on Paris to 5.16%,c.@5.15. The
offering of produce bills has been again quite
moderate this week. The week’s exports of do-
mestic produce and miscellaneous goods from

this port have been to the currency value of’ $2,-

T..-

865,839, against $2,574,845 same week last year.
total, since July 1, 1868, $111,633,425, agagnsﬁ
$124,748,882 same time in preceding ﬁscal year of
1867-J68.

The dealings in the Public Funds have been on
a less extensive scale, since our last. The oﬁ'er-
ings of bonds have been moderate. The home
and export demand has been checked, temporari-
ly it is conﬁdently believed, by the unexpected
Cabinet derangements. But there has been no
pressure to sell, even on speculative account, as it,
has been felt throughout the week that with
the formal organization of the executive branch
of the National administration, and the prompt,
and harmonious action, which is assured, of the
National Legislature, the public credit will be
greatly strengthened in the home and foreign
markets, and higher prices will be realized on all
the funded obligations. Values have been com.
paratively well supported, during the week, de.
spite the diminished activity in the market.

U. S. sixes of 1881 closed here on Wednesday
at 115%@116%; U. S. Five-twenties of 1862,
118}4@1l8}é; U. _S. I-‘ive-twenties of 1864 at
113}§@114; U. S. Five-"twenties of 1865 at
1123/8@1l2%; U. S. Five-twenties of 1865, con-
solidated, 116}g@l16L_.§ ; U. S. Five-twenties of
1867, 1l2§»§@1l2}‘/,1; U. S. Five-twenties of 1868,
112}§@112%; U. S. Ten-forties at 105@1(l51/4;
U. S. Six per cent. currency bonds, 101%@l02.

The latest quotations at the London Stock Ex.
change compare as follows with former returns:

. Feb. 24. Mar. 3. Mar. 10.
Consols . . . . . . . . . . .. 93 93 927
U.S. 5~"0’s of 1862. . . 79% 81% 82%
Erie............... 2414 243/,,__ 241/,
111. Central . . . . . . . . . 971/4 97 97

A more active speculative inquiryhas been
noted for railway and miscellaneous share prop-
erty, chieﬂy toward the close, and prices have
shown much more ﬁrmness and buoyancy. The
National Stock Exchange, an independent busi-
ness centre, has completed its organization, and
formally commenced operations on Thursday, the
11th inst. This makes the third Stock Exchange
new open for business in this city. The regular
and the Open Boards of Brokers, however, con-
tinue (and are likely so to do,) to control the bulk
of the dealings in share values.

A restricted business has been transacted in
produce, since our last, though in most instances,
prices have been quoted easier, especially for
Flour, Wheat, Pork, Petroleum and Naval Stores.
Middling upland cotton closed heavily on Wed-
nesday at 29@29% cts. per lb. The stock of
cotton -now here is estimated at about 112,500
bales. The receipts at the port this Week, have
averaged about 2,500 bales a day. The re-
ceipts at all the ports, since Sept. 1, 1868, have
been 1,731,000 bales, against 1,725,000 bales same
time in 1867—’8 ; exports, same time 881,000 bales,
against 1,071,000 bales same time in 1867—’8 ; stock
on hand at latest dates, 395,000 bales, against 331,-
000 bales same date 1868. Total crops of l867—’8,
2,430,893 bales; total receipts at ports’ year end-
ing Sept. 1,1868, 2,240,282 bales; total exports
thence, same time, 1,657,015 bales. The experts
of domestic cotton goods from this port, 511109
Jan. 1, have been 2,385 pkgs., against 2,201 pkgs-1
same time last year. ‘From Boston, 2,981 pkg-in
against’ 2,276lpkgs,,sa_me time in 1868.‘ At the
Live Stock markets, this week, Reeves have been