The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-28

before Prime long paper, which was in re
than while second class names rule at or Der cent
The offerings in the street not large at bank they
are free and almost up TO the full line Some parties
providing themselves with money In advance Of their
qurements anticipating serhnps higher rates Of interest
hereafter
The London Econo,nist Of May IA has the following
IT. then, the war is likely to be confined to Italy and
perhaps, exclusively to Northern Italy, s 1t likely TO in
terrupt that increase in foreign trade which s pro.
duciDg healthy additional demand for money! We should
certainly say uo AT the best, trade with Austria,
and even with Italy, though considerable as q whole, s
not ouch as likely BY any probable dimnuton which it
VIII sufcr sensiby 10 affect our entire trade The chief
increase which has recently place in our export
trade has been TO the United States TO British India
our colonies and to Northern Europe. None of
markets will oe affected by the in Piedmont and LON
hardy. On this ground therefore, may reasonably
expect a continued increased demand for capital and
tendency higher rate Of interest 10 be maipained
Again II plain from the sha,tsr cd state Of She Inan
finances ba, and TO no small extent
mus be obtained from this side The apparent OF
any real, decisive and effective means Of meeting tho
known deficiency in the noaD treasury Of most
unsatisfactory features In the future of the money market
Further remttaDces Of silver must be made; and further
nroaGs upon the bullion of the bank order to obtain
that silver, Will be required. Again In some way or
exchequer will require aid Two millions of boais were
aAd OF last week from balances which permanent
y spare that amount the navy estimates, ncldng the
sudctn expenditure recently conI acted, will probably
show increase of little Less than millions upon the
whole II is probable that either In the shape of loan 10
FORM shape Of Increased taxes the orfnarv
revenue Of the year must be lpemenet extent Of
at east i've niIons Then there tho various foreign
loansihe Russian, the Austrian, the French the Sud
nanEhch viii have Is least come indirec, elf Ct upoo
our MARKET though not 80 great 10 be uigch fl. Bat
taking ali these causes together AID atribunng We do
most importance 10 the extension our trade u
that there s sufficient ground for looking 10 the
course OF the year TO further ia the rate interest
The money market Ia doubt for the time abuudsn,ly
suppiiedthe bank have rather exceeded the ne:es
city OF the IA the sudden advance Of two par cent
but oos0g forward for some time ~ cone 1t is probable
thst the piestn rate viii be rather increased taan ai
mnished.
The President Of the Cleveland aod Toledo Raiiroad
Company in crcula. soliciting proxies for the coming
election, says:-
Erroneous reports having lately been circulated, for
some uhappar,nt purpose IN regard u tle affairs Of this
company and that various cults had been commenced
aganft by the towns along the norhera DIVISION and
That the floating debt had largely increased &c &c; IL s
deemed proper, in advance Of ,he regular state
mept, 10 correct any wrong mpressions that may have
arisen from such s1uTcts.
No euR have ct been commenced agains. the compl.
Dy ny sny OF The .osns along the northern divisioa
The oa'ing 1eb, liz less than II at the time OF tao
anr oal repors year ago the bills abo VI the CON
paby, My l. 1859, we're s3il G36 90.
The oueiptas Of the ROAD npahizny with general
probation eit ~ the Wsst,rn S.stee, has been cxcoed.
ineB ocpr sted the Mugs show large fslng Off
Ron pegloue years The fpnii1g expenses, hawevcr.
have been tban rrop0rtoncoiy reduced TDr earn
pgs for the preentyelr tndrg May 1859 (party csu
msed weic s14 ta2 =! about $3.50 goo less ih,u for the
yeai cydpg jane 1857 Che fu5nug oyasnsos for tbn
loft year (pofty ,stlmatcd) $685. b5s e5 about
Slcot0o iffs tnn for u yepr ending June 1851 The
running expenses a. present arc about $50 Go0 per month