The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-30

in borrowing for axst periods, On the most apsx
opabe secarrv the d,scount market sesan peE osa
may be quoted as regular rate for dst class &oer
months 10 run both 10 md cot OF bank Names 'e's
generally known 20 at o. while the other band very
choice short sccepssnces done At Some "ness
pess has been created The market by the pocy
which has been pursued by tho banks lending on CALL
at jow rates OF interest, she pledge Of commercial
| psrer In the event Of any strioeency In the
het, and a general bank contraction, II IA fora.
seen tfat the banks wonld call in these loans
and that an amouutor suc;ooee-s' D.
per would he thrown the market. The last optuon
However sppes 10 be that have seeo toe worst or
the monetary disturbance growing out Of the var. TX
change Europe has bean mainained throughout tao
week which inStfy specie shomsus; current
terms beng 10 iloA for bankers sixty days sterling
bilie, and 1losS for sight drafts; SIX $40 a5i14
for francs Yesterday the exchange market showed
sns Of Weakness many that the leading drawers
win lower their rate next week One leading drawor
who sskedS1o% Monday, lowered hs rate on Friday
10 mex, and found that this ton high.
Many reasons have conourred ,ndpce large specie
shipments at ,he present time Exchange very high,
owing she large impcr.,ops for the SOUTH sod the
export breadsps Again. the rates Of interest risug
Europe and bankers have srgS unproinc,vs
snces here delighted have prospect OF employing
the IN fruitfuy s Paris European
Again, it is we'll known the outbreak OF tue ia
Europe has shaken plumber Of European houses which
have connect here; these connections have very
naturally shipped spece sustain their European 'eois
Again, no tell bow the may
such shape tia. Insurance Offices rnsv demand var
premiums; several habtuai shippers have deemed l.
prudent anticipate any movement by sen ting
abroad at once the gold which, under ordinary circuu-
stances, they would have forwarded in small parcels
throughout the Finally, the has created
sort Of revusion among the manufacturers Of Continental
Europe. The German banks have csrtaiisd suddenly,
obligng their customers to reaze their g,ods any
crhce This fac, win several Of the specie re-
mtsnces which have lately been rent from hence. I.
will have been noticed instance, that leading dry
goods the United States has been large ship
peno doubt for the purpose Of takug advantage
enbasrsssraents Of the German spinnes, and buying
cheap goods.
Here abundant reasons for the heavy specie ship
ments which have caused 90 much excitement IN nnsu
cia circles. only remains to c0nciliate the fact OF
these unssual shipments with the steadness Of prices
both Of merchandise and Of stocks ard aaure wneber
they are likely TO prove substantial injury TO the
country Ur..l
The shipment Of specie and bullion from The port Of New
York during the month OF May which endog has
been IN round numbers Sill $40 000 The aggregate snip
ment OF specie and bullion from the United States during
the fiscal year 1859 viii not, therefore, vary much
frsn the following
EXPORT OF DOMESTIC SpxcTE AND BULLION, 1859.
Ten months july April Inclusive from T.. 800 900
inSe do ::.imsicd ''','''''.''.'.'.'. Sc0 S"S
Total export from New York. S45 900 900
ADD estimated export IRON Boston ...... 5000 900
DO. do San Francisco, &c............ 10 COO 900
-----
trnafed domestic export Of United States $6S 81 100
This s very large export though only about three
millions in OF that of the FISCAL year Of 1861
ference to the and navigation statistics will
show however that far from the export Of the present
fiscal year being excessive it is really smaller than The
very reduced expert CT 1857 would justed 10
other words that the year 1853 lief. with surplus
gold and silver hand which the p,sseut large export
has not nearly absorbed The focviug the tables
| MOVEMENT GOLD snyEs IN 1861
Domestic co and bullion exported. $50 h77 one
| Foreign do. do. 90. ........... 9o5S ,~o
isss ieFesn oo imported. ~ Al coo
Actual amount sent abroad $50 67a $50
! HovEyEyr IN 1879
Domestic coin and bullion exported k2 ,c7 600
Foreign 90. DO. do. 1929 900
$50 $40 Of0
Lsss foreign do. impaired .......... 19,272VO0
Actual amount sent abroad ............ SO 35S 0f0