The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-24


There was very decided improvement in the market
today, and prices for nearly all the ancies went VI
and per cent Long Island went up II per cent, Har
lem 2, Canton II. Norwich and Worcester H. Reading
Railroad Morris Canal Pennsylvania SIS l, Farmers
Loan II. The salss were large at the Improvement.
Atths second board the sales Of railroad cks
very large, and further improvement Of several per
cent realised Harlem went up II per cent. Read
ing O. Norwich and Worcester 4, Morris Canal l. Read
ing Railroad Bonds 3, Long Island II, Canton II. We
fear the advance too rapid to be sustained Although
there evidently foundation for the Improvement,
have impression that cannot continue long at
the rate realised within the past day two. the
ney market is much easier than was and the banks
having become satisfied that the Independent Treasury
bill will be so much modified, that no immediate or ra-
pd contraction in their operations will be required have
been liberal in their discounts and have therefore
relieved the market from part Of the depression which
has weighed so heavily upon the commercial classes
generally and upon stock spectators particularly.
The movements in the Senate in rela N to the Inde.
pendent Treasury BILL will be likely to have very ia
vorable effect upon the stock market Tho Chairman Of
the Senate Committee Finances, in answer to some
questions fr,m Mr. Webster, stated that II had bseQ
unanimously agreed upon in committee to recommend
certain notifications of the specie clauses, in the new
Treasury BILL that they should 60 into operation
a. passed by the lower house. This will make some
difference in the operation of this BILL 1t viii give
more time for the banks to regulate themselves BY It's
provisions.
The Chairman Of the Finance Committee also stated
that the Warehousing BILL and bills for tho establish
ment Of nnts in New York and Charleston wsre under
conside ration and would be reported to the Senate q
possible. The warehousing bill has been made
the order Of the day tor the 18th proximo and it will
probably pass. In some shape, before the Independent
Treasury bill comes up This is considered an allsva.
ting measure that win prevent any unfavorable
effect from the operation Of the financial policy Of
the governmental viii bring about the change that
policy will produce in the currency, In credits, and In
the commercial system Of the country generally more
gradually than would otherwise be experienced
If the government would only adopt plan to get
rid Of the surplus revenue previous to the establish
mont Of the Independent Treasury BILL the enforcement
of the most restrictive provisions in that act would not
be felt in the slightest degree, and those doing leg
mate business would hardly realise any change in the
financial policy Of the government. We trust the &c.
nate will pass all these bills in proper shape with the
new tariff BILL possbls-that the lower house
will concur at once, 20 that the commercial classes viii
have ell the time possible to regulate their operations
accordingly. We would suggest the policy Of having
the Independent Treasury the tariff and the warshous.
ing bill all 80 into operation the same day. viz ON
the lst Of Jan uary, lsl7.
The commerce Of Havana for the past year. com.
pared with has increased buta very
fling per cent The exports Of tho principal staples q
the island of Cuba wers in many instances less than In
previous years. and the tonnage engaged in the trade Of
the port has not increased per cent from that of the
previous year. must be taken into consideration In
viewing those facts that the crops Of the island last
year were belowan average and the expectations
qusny moro limited than they otherwise would have
BEEN There was Do falling of in the foreign demand,
az the exports since have been unusually large.