The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-12-12
tal. ,42e Jos l,sss,sss l,7as,sl9 2l4, 42a

This table shows at all events that as compared with
the corresponding week Of last year. imports
the decrease and exports the increase But We
fear cannot be taken criterion of the present
ment Of trade.
The movement Of specie since last Monday has been
against the bank average. The export, per viso on
Sd and Africa on It'll, has amounted TO about 5000 ooo
against which $462, 600 arrived on Monday from the
South small parcels Of specie have continued 10
arrive from the interior where the exchanges continue 10
rule in favor OF the city The last specie average
$50 o46, 667. California steamer will probably arrive
early this week with the usual semi monthly remittance,
and the present rates Of exchange specie canno be
probably shipped to bills drawn here London
and Paris, there prospect that specie will accumulate
for the next month two. The Sub Treasury balance
remains very steady. 1t stood yesterday evening at
Sc o4 against S. 432 the close of last week.
Notwithstanding the advance money Sub Treasurer
continues to dispose Of small lots of Treasury notes.
chiefly savings banks and other financial institutions in
the country.
From the movement Of money throughout the week, it
is inferred that the banks have pursued prudent
servative throughout the week. The price OF
money is not always however, certain guide to the
policy Of the banks, and the statement of TO-
morrow may show reduction in the loans.
We have to believe that some members of Con-
transact the business of the country and not make
buncombe speeches slavery, watching the
Of banks with considerable interest," order de-
termine whether any legislative enactments required
for the public security. general rule, there be
no question but the less trade rammeed by laws the
better IT works Usury laws protective tariffs and the
like have always done mischief than COCA But,
the other hand there principle absolute
cumstances cannot modify IT. and it can be shown that
the of the banks is directly calculated TO bring
about repetition of the disasters OF 1851 the country
would unquesuonably be gamer by any legislative pro-
ceediDg which had the effect OF checking them their
perous It the Of the trainers Of
the law under which New York city banks to
keep them straight by Of inevitable aud
inexorabe rcceivershp in of suspension
OF specie payments. That intention has been foiled
by the judicial and Illegal action Of the Judges
of the Supreme Court in 1857. And, as matters
row stand, ii is not affair Of vital consequence
banks themselves whether they suspend specie pay
ments again in 1860 not Their profits have hardly
suffered by the suspension OF 1857 Indeed may be
question whether they would not make more money by
indugipg excessive expansion during spring,
and an excessive conractiDn followed by suspension
next fall than by pursuing safe conservative
throughout the year. Under these circumstances,
cannot see that any mischief would Congress were
10
country and replace matters the footing on which
they stood before the New York Banking law was null
fed by judges Al any rate, the subject well worth
searching examination the OF the abest dnan
ciers In Congress.
Money in active demand The first four days Of last
week, and, with very exceptions per the
minimum rate for paper. But Friday and yesterday
the demand fell of, and rates declined fraction at the
close Of the week the were very prime
short acceptances, per cent; money cal G a Gls
first class endorsed paper, very choice, 81 Z;
binary first class, 4 fair paper two names To- lower
grades, 10 Is 49, &c. In the month December there
Ia always some extra demand for money to close &C
and effect settlements the close Of the year we
see why any strngency any active de.
! mand, should be expected after New Year
| Foreign exchange is considerably lower since last
week. Some Of the leading bankers sod freely for
the Africa at 1927 for sixty day sterling bills and
for francs. Hessrs Belmont & Co. continue to ask
considerably higher than these; and there is Q f.iy =
Of good Southern bank bills 100 1897 for $, spp
5.16M 5.l7k for francs The Northern b. - -
are competing with each other actively sv ~.
Of cotton bills at the Southern ports tb -
change received here by each malt j, v.rv
So long as cotton continues go FOR ward 40 !, =
present, there is no prospect tbst foreior
rise materially or that shipper, can cover thai In,
| Specie The shipments which are no c,,,o so.,.-
on account Of bills drawn a month and six weets 49,
The domestic exchanges continue % worry vv,,h
able seadiness Notwithstanding the cessa,o, ~
gram shipments from Chicago, sight biis On N.o y -
commune " RUE ~ about par for gold AMI tho ,,
premium for currency. At New orans a., ,s- eI''A'
Of the Southern importers the comoeut,o, ;, -.
ern buyers keep bills New York so bi,h "a, -
does not, and cannot yet, now Southwark 49,
The trade tables Of the year are made IN wo
oy hno that there has been this year a much 49, 20
port OF foreign goods at New orle ans thu, 49,, fa'
price OF sight bills on New York at The ciro, 7
as follows the price being expressed in ,be ned
Inc cities where the bills are drawn ency
IhlcaRo ACKNOWLEDGEMENTS. 80
r. LOUIS rcmiu
Dr..
Roetor ''''''.'''.......... par a 1iC
ACKNOWLEDGEMENTS.
nnah ...s... ACKNOWLEDGEMENTS. /"
NJ '''.'-.- -. ............911
urSCOut
Inc following has been the course off, *
during the past three weeks ie stock mar
N0u 10 Mn, %