The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-02
FINANCIAL AND COMMERCIAL.
n ON Ell n A II X Il T.

SUNDAY April Id =. NJ
Tho week closed much higher aud buoyaut than
Il opened. The arrival OF the steamships Allan dc
and Asia. with dates IRON Liverpool TO the 18th or
March, placed rs In possession Of al the advices
necessary 10 remove the unpleasant doubts which
previously existed relative 10 the position Of polit
cal Affairs throughout Europe, and commercial
transactions have since been made understand
ipgly. Better prices have siGce ruled for stock
securities. and our great staple exports have been
in better demand, at better prices Although the
prospects OF peace are not at oil encouraging the
public mind on this side of the water has become
more settled, ard all interests have become more
reconciled to the probable continuation Of tbs war.
Il La exertng o powerful conservative influence
upon fnsnca, and commercial transactions through
oot the world; and had been for years rapidly
expanding our currency and credit systems. had
been carrying all sorts OF speculative enterprises,
and had becons 50 imbued with the spirit af
extravsganoe, it was absolutely necessary some
check should be exercised to prevent such
an initiation Is would lead to terrible collapse. At
that time the indications Of war in Europe frs,
appeared. and they extended and became
skengthsacd the attention OF capitalists and active
business men was turned TO that point. This, at
first, created caution. and finally led to contraction.
slight coll PIE was realized aod ror time q se.
we're rtvulsion threatened. After several months q
Ina tvity and economy, the danger dsap peared, aud
since tho time have gradually improved. But for tao
war In Europe, we should have been by this time,
again in the whir pool ofspscuahon and in fair way
of bringing up with serious relapse. The war In En-
rope has been salvation, aud 1t has really been
blessing 10 this country But for the restrictions
placed By the state OF thinss in Europe upon our
speculative operations, about twelve months SINCE
we should have been by this time either in the
midst Of, or upon the eve Of a revulsion equal to
anything ever experienced on this side OF the At
lsntic. Our progress was checked ct tho proper
time, and we were saved fromla series OF serious
disasters.
The banks Of this city will probably show TO-
morrow slight decrease in discounts. but no mate.
rial alteration in other departments We do not
look for any reduction In the amount Of specie on
hand. Since their last report, there has bsen but
one shipment and that from Boston. This week,
there will be two steamers from this port for Eu-
rope, and the expectation Of specie will be 70
extent; but California steamer with weeks later
news, and perhaps large remittance Of gold, must
be near at hand. The steamer from San Francisco,
Of the s,h Of March, Is overdue via the Nicaragua
route. Her arrival may be looked for hourly. Tha.
she win briag larger amount OF gold than either
Of the last two steamers there Ia not much doubt,
but perhaps not to the extent OF the weekly re-
mittances previous to the panic. We look
for favorable accounts from California, both in rea
tion TO the gold product and the return Of public
confidence The receipts Of gold by each succeed
ing steamer will without doubt show an increase,
until we reach again the usual average weekly
amount. The money market exhibits no signs Of
change, and we do net see the most remote probs-
biity Of any strngency. Tho business season Ia
about over and several wcsks Of Inactivity will toll
low. The demand for money Is therefore likely TO
be limited. This springs trade has been unusually
limited, and future payments must be easy. Money
Is and Is likely to continue abundant and cheap.
The banks are II il true, considerably expanded but
they have been forced TO let out their d scout line
on account Of the accumulation Of specie. They
have about reached their max mum, and we look Tor
q steady movement for some time.
Albert H. Nicolsys regular semiweekly auction
sale Of stocks and bonds will take place Monday,
the I'd Of April, at 12t o'clock, at the Merchants
Exchange.
The Boston journal says that the October cou-
pons Of the Ogde nsburg first mortgage bonds will
be paid on Monday, April 2, by the trustees Of 20
cond mortgage, who have possession Of the road.
This being tie first resumption OF payment by any
Of the three roads which have been obliged 70 Gus
pend duriIg the troublous times through which our
railways have passed will be joyfully welcomed ~
an indies tion Of returning prosperity.
The first annual statement Of the Oriental Mutual
Insurance Company shows that the premiums re-
ceived for the year ending the 18th Of February
were 1927, 479 SO. The net earned premiums were
$522,346 81, from which deduct SAL ,4l9 ~ for
losses, re insurance and expenses, showing q net
profit Of 927 TO- % the very satisfactory resat
Of tie business for the rst year. The assets OF the
company amounted on the 2sth Of February TO
S79O 244 90, Of which s703 1857 81 we're In premium
and subscription notes. The board Of trustees have
declared scrip dividend Of fifteen per cent tbs
net amount Of earned premiums, for which certif-
Gates win be issued on and after the IAN OF May
next.
The annexed statement exhibits the transactions
Of the Assistant Treasures Office during the month
Of March, 1866
ASSISTANT rREAsuKR's OYyIcg-REcnprs AND DrsBuRE
MINIS.
March 1st, lS55-baance. ........... " ,6il 267 30
Receipts.
On account Of customs. 80. S2,4l7,4 28 So
I" patent fees. 1851 rs
+" Post ONCE. 467, 500 ~
/" transfers SOC, 600 90
a. miscellaneous. ~ 1893 10 5, 403 557 10
ann