New-York daily tribune., 1858-04-07


100. Total acrsAs. in exports, 10000 bAeA
The Boston Pos, thus speaks Of the money market
thst city:
The Boston banks now hold above etga and a
gaarter sNioHs OF specie In addition 70 very s1ge
amount of New. York funds. There is however no
spe cal change In the OF money Blt the act OF
heavy accunulsijobs everywhere Is more and more
geLerslly appreciated and a time rolls on WITHOUT
bringing any unfsvorebe change To TIE Market tnese
sc,uuua,iOns are fat coming 70 De Considered as
alr ost permanent ones, by tue most cautious
and tluorCus. The consequence Is that tue osoks,
while retaining their ordinary business rates OF oa'
cent are rapidly realizing ths idea tna' they oug.
10 ,erd large sums special negotiation, a. or 2
cent, As yet, however, not much mas been done 10
the banks below the egsl rate. Outside loans, now
ever, are daily made a. >, though q cent. may o.
sisted as the current street price for prime psper nut
the demand for money everywhere - extremely light,
and although general business is slowly but decidedly
improving there is noshere exhibited any CONSIDER
able spirit of enterprise, even VI speculation. Both
the money and stock markets indsed, duh enough.
New.YoIk owes Boston million or two of dollars,
aud Newiork funds, therefore, are a drug.
we learn from authority tha. the balance of the
mortgage on the Cary Improvement Compsnys prop
city was paid off las. week. The Company now
stands free OF debt, preparatory TO paying It's nfst
cash dividend the goth list The signs OF the times
We rsrt the belief that the Chesea Horse Railroad
viii soon be located and put in operation and that tire
large building on be property will be speedily ened
Meantime, the stock s sod a. price which after de-
ductirg tie value Of available assets on hand, is
equivalent TO less than cents per foot for the real
es,ste-the sctual average of the past sales being
,erenteer cents per foot, as per snnusl report.
"Since November IL, the New-iork bsnk osns
have increased from $95 600 900 to sl09 100000 THIS
large increase, in per- ID Of unex smpled sagnson,
is beg ming to attract attention. Many believe that
apy further expansion will bring trouble for next
Autumn ard Winter or whenever the accumulation
If specie at the sesoosrd shall begin to disappear.
The idea is that the banks cannot, on the ayeraSe
susta;n larger loan than the present, and ths. al
further secumuatons should be quietly held il coin a:
the presenloans simple earn handsome dividends
We suppose that in the long rum the banks Will lene
ell they can but a. far the pubh good concerned
they should be exceedingly c'utious at this time
There should be forcing OF money upon the public
especially where tie loans as high and ar
earning much usual. Ever since the panic, th'
banks Of Boston, hsppy 10 say, have pursued
liberal but conservative cOure. They have relieved
their customers as much as prudence would warrant
but they have not yet, urged loans ct low rates
upon the weak and speculative and such, We have
reason believe is the general tone OF management r
New-York although surrounded by an immense stock
market and with thousands OF their customers more
or less embarked in it, the NewYork banks have un-
undoubtedly lea comparatively large sums on stock
,olls.erafs