The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-11-27

comparison Of prices current yesterday with those
ruling at the CLOSE Of the previous week. exhibits an
improvement in Treasury Notes Of per cent; Penn.
sylvaria aves, Indiana fves, " Erie Railroad new
u; Farmers Loan, u; and decline in Readi ng Railroad
Of 2K per cent; Harlem, u; Long Island, 1l Canton
Company, Ia, and Morris Canal, n.
The money market is steadily improving, and any
amount Of capital can be obtained at six and seven
per cent interest, the best securities In fact,
nothing but the best security will command money at
prices below ruinous points This shows the absence
Of confidence. The banks discount freely but there
not large amount Of business paper Offering and it
the impression that money will be unusually abun-
dant in few months in consequence of the limited de-
mand for 1t. Our latest sdvices from London state
That money plenty, at two per cent per annum,
hat but q small portion Of that Offering could find
employment This Is the result Of tho little disposition
exhibited to engage in any extensive commercial ope
rstons, and the contraction going on In all depart
ments of business Shrewd cautious calculating men
will not borrow money to engage in any movement,
unless they almost surety Of making profitable
returns and as the prospect at present is by
favorable for suoh operations capital goeS begging
at the most reduced rates Of interest.
The Baltimore market is represented being mode
rately easy Money in active request but great
tghtness existed. The rate Of interest cut of doors
was about one per cent q month.
The schooner Oregon at New Orleans from Tampico,
brought 500 SOC 90 In specie, consigned to the mer
chants.
The report the Secretary Of the Treasury presents
q favorable view of the finances of the govern
ment than has been generally anticipated even in the
lace of additional expenditures. It appears that for
the year ending june 3d. 1S49 appropriations amount
ing to $l0287 1856 required Nothing is said about
any reduction In the other estimates made out preyi
GUS the close of the Mexican war but now that we
have peace the Of the are
reduced to the peace standard the appropriations re-
quired for the army and navy much beyond
what will actually be wanted. There will be re-
duoon in these two items alone of more than thirty
millions Of dollars-an amount equal to the def
ciency after including in the expenditures the &c.
2s7 1886 named above. The deficit for the year
ending June go 1S4s has already been provided for by
the loan Of last June and the expenditures the
rent year will not exceed the from ordinary
sources it being estimated at So, 100 000 and the
probability at present is that 1t will be fully realized
The importations thus far this season. have been I'M
usually large, and is the impression that they will
be heavy in the spring The continental markets for
British manufactures have been much reduced by the
revolutions and we have no doubt our markets will
be crowded full, they being about the1 only places
where like cost can be realized 1t Is there
highly probable that the most liberal estimate Of
revenue from customs this year, will be reslizsd
giving the Secretary Of the Treasury opportu nifty
to exhibit . very satisfactory state Of the public
finances at the close Of his administration. ,