The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-06

this fail the largest aud corn crop over rslseo ia tho
West and, whether tne'e be war or NOT stocks are
low, both at home and abroad that Is anos. certain
vi command h'eh price. As to cotton, che plant
efs write 'hey see no reason Why they should do
vel ibis fail as last throughout the valley OF the Masis
spp the heshes Of Last spring VIII insure largely in.
ofessed yield this year From present appearances We
may couat oa GOOD snppy pork and beef in The West
this season Lastly, ii 10 certain that the annual remit
lance Of gcd from California will rather exceed than
fah enort Oh the average We presume that, alto
gether, duri'g tie dsca year 1869 90, this country
will export over $500 900 Oco Of cotton breads,us pro-
visions, specie, and other produce and merohandse
Such being The case, the increase imports should
fr'ehen no one Il 10 healthy indication Of returning
prosperity.
Nor need any one feel alarm at the outflow Of specie
Specie product q the coll Just like cotton or corn and
less inkrscally valuable than either Its export 10 not
more alarming than the export of cotton or grain 50
long a. our crops succeed there will always be gold
enough ie 10 the country for practical purposes aud for
the banks AS to the latter they well prepared to
meet tho returning wave Of prosperity Tho government
securities, which constitute from fifteen eighteen millions
Of their loans, being gradually absorbed by capitalists
for Investment II there war Europe these stocks
Will be eagerly taken up by Europeans prices consde-
rsbly higher than those now ruling. The money thus
liberated will enable the banks to afford ieen to eighteen
crcasiDg their discount line.
There Ia no change the money market Call loans are
offered TO the brokers at the bank rate being s. Very
choice lines OF short paper below per cent we
hear OF cssio1a purchases OF months paper at OK;
Che established rates are however for the former aud
for the latter Exchange firm but Inactive at nos for
serlipg and $40 5.ll Il for francs. The Jura which
sailed 10 day for Europe, took out ss62 949 in specie
The Arabia, from Boston yesterday, took sie6 O67.
Tho stock market, like the cotloa and breadstuiis
markets, was dull this morning, operators being
afraid to in any direction, in the absence Of the
foreign news, which believed possession Of
spectators. New York Central was very active at
small decline. TIE stock opened this morning at 73H
sold down TO 7ls time, ruled at FAX at the second
beard, and closed at that bid Nothing is yet Officially
known Ct the April earnings the estimates range from
eco to $4,000 decline. We presume that gna
estimate sl0o Go0-wiu not DO far from the truth
TIE competition continues lively, and the prospect
Of a settlement at present is small Erie was
lower to day. Tho falling of en- this road is very
considerable. Harlem better. Hudson River
hold at higher rates; the earnings for March show
an increase Of S. 5os. Rock leland continues improve
and very frly held the stock is freely lent by the
buls. Toledo better. The Michigan shares quiet
The stock and bond markets without change In the
afternoon the market unfavorably affected by the
foreign news, Pacific Mail which sold at so, being the
only stock which did not decline The market closed
heavy, the following being the last prces:-Mssours,
SIX q; vreinas, o7af 9s; Canton, 10 %; Cumber
land preferred. 1ss 10; New York Central, 72s r.;
Erie, tx "a Harlem, IL q Hudson River ,321 "a
Reading, 5o14 Is; Michigan Central 4sk * Michigan
Southern 1cA II do. preferred, 32si ~ Panama,
1917 12S Illinois Central, CA ~ Gaena and Chicago
c4ai ~ Cleveland and Toledo 1854 26; Chicago and
Rock Island, 6oh 81; Illinois Central bonds, IS ii Pa
ciic Mail, so az.
The business Of the Sub Treasury to-day fol-
lows
Total receipts. $270,O3S IL
-for CusCms .........,............... loopoo w
Balance 6,4Sl ,642 81
The exchanges at the Bank Clearing House continue
large, and the daily average thus far for the week.
ceecs SIS soc. Fer day. they are $40 So
Tie balances are 81, s46,sO3 70.
1he following is aatemen. of the receipts and expen
dures Of the United States for tho quarter ending March
81, 1859, exclusive Of trust funds.
Receipts
From customs (a) 1856 1852 10
Sales OF public lands. ............... 490947 IS
Incidental and miscellaneous tems..... 5o2 $40 s.
Treasury notes Issued under act OF Decen.
per 70, 1907 ol..................... ioo,UV w
Loan Oh lsos... s,eaoooo w
lotai
Gay Treasury notes received in March, amounting Ia
| t722 $40 ~, not included.
(h) Issued during the quarter ending 3lst December
1 1855, but not covered until the next quarter.
Expenditures.
CIVIL foreign intercourse and miscellaneous o5s Il
Interior (pensons and Ind;an) ...... 200, o40 IL
War. 4l62, 900 81
Navy ACKNOWLEDGEMENTS. 3,675,721 ~
Old public debt. SQ3 L.
Redemption Of bounty lard
stock .......--.-.-... 100 90
Redemption Of stock, loan Of
1s36.................... 1850 90
Payment TO creditors Of Texas,
per act Of 9th Sept, 1885,. 1898 80
Payment Of Treasury notes is
sued per act Of 23d Dec,
1857 3,0aSy3O0 90
Interest on public debt, includ-
ing Treasury notes. ....... Sf,o36 IS
3,l47 ,sS3 80
Total. sI4 ,T52 SO