The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-03

Cainorp, which win thus count rvry day tho ave
RACES, the shipment of Saturday, 2i,h which 81.
5s0 remains to b. deducted from the lust average,
ard u this must BE- added the Of $l12 6,2 shipped in
the Persia tho 2sth Tho Sub Treasury receipts from
duties have beer heavy; the yesterday stood at
o4o7 against $5lso6 $50 the cse of last week
The interior exchanges tor Rc most part ruc in favor OF
the city but appears that the amounts Of gold coming
forward very inconsiderablo Altogether, it snems
probable thar the average, which $40 iaa last
Monday, may not exceed sls5Oo 900 to morrow BY the
time another average is made uv, another California re
mi'taHce viii be due. We rapidly approaching
the period when cotton shipments win tkc the place OF
geld.
is generally believed hoped thr the banks will
show reduction in loans morrow The late exnan
sion was entirely uDwarrantei, and lid 10 the ancipa
ton OF payments by importers, aud consequently o. an
export OF specie, which, however harness ntrinscay,
always creates uneasy .eiing among the tmid portion
OF the community During the pass week the indications
favor the belief that the hanks lees willing
TO discount long PAPER ghtencd their gen
al load is coubt true, managers urge,
that taking into consideration tho la, Sc crops and tho
prospect general prosperity. expansion OF Sis o
600 excessive for banks which ho average bal
lion reserve Of $50 OOo,O go Bat banks must
ber the first place tia, they will shorty called upon
crop60 day b!son New York areai, current at New
Orleans at per cent aiscount-s,, secondly tat well
administered banks will always crsiner the pubic tenn
Ter as carefully as theoretical principles Of finance The
public al the present time have entirely recovered
from the alarm Of 1867 that sAi. of banks pre-
81 me ON general confidence, 70 lend mach they
might after period OF long and universal prosperity.
The week has Witnessed another ATTEMPT % raise the
price Of money The heavy shipment saturday 2at.i,
alarmed many capitalists, and rendered hong paper hard
Of sale. Several rtmiicht lenders suceeetr raising
the rates Of demand leans and fo ia. seemed
possible thai money would rule higher than hai done;
hut few days trial proved the fus, al ie att. apt
With money abundant in England X per cen, per
anBum was naturally difficult establish ADVANCE
over six here; the oniy consequence the
that the shipment Of yesterday, ,aSt,ad Of bang
s2,coo,oo0, MS was expected when The Persia s1 81,
only proved 1886, 400. The rates yesterday
cali loans on nDdoubt-d security u ,er c-nt snort
first class paper, o ~ per emit long papir, u g
months, hrst Class, cnaorscd pr cent; second Glass
paper, 10 IL, according quality &C. The business
OF the country has not thus far become active enough -
consume the capital seeking temporary employment
Wall street
Foreign exchange opened at the commencement Of the
week with considerable strength at ilaa AM 1l"2 for
s,erl ny bills, and $40 5lah Tor f.a.cs Bit after the
Persia saiied the demand fell or tn foreign bankers
had sold freely for the steamers q" tn 9th, and iii
find the market active II ha. been For yesterdays
steamers the rates HOY 4 Tor 50 day hi. AMI
11ch q for sight bills London; for francs Shy
bls'4 tor co day bils amt $40 II 4 for sight TIE
with which money has ruled throughout the year
has led 10 much carrier payments than usual by import
ers and will account the pero teal sacssnng tho
demand for exchange.
The receipts for duties at the Sub Treasury have been
pretty heavy during the week in consequence Of
tnued large importaons There is yet sign Of any
falling or
The interior exchanges do not vary mich At St. LOUIS
and Cincinnati they becoming less favorable the
city Chicago the is still per cent, but bankers
contracting ahead to deliver exchange per
the close Of the noh. Al New Orleans New York
exchange Is falling.
harh