The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-04-12


Week ending Loans Specie. Oyctlaiom. Deposils
April .si2s, 702,l92 26,782l6l s,22i753 81 737 i3s
April g.. l2s,sS6'7S2 2S,74s,ee7 s44s,4ol ss,l42SA
Increase. 81, lss,b $50 ie,5Os 227,7Os 4o6 400
me increase in the specie column unexpected view
II The large exported the last statement
made up Had the banks shown decline Of S750, 900 in
specie the street would not have surprised. The
steady increase in deposits also encouraging feature
mo discounts have again reached point At whi'h little
eariailment will be wholesome. Though the actual ad
vaAces Of the banks on mercantile paper very far
from the aggregate above presented, yet still the
public Is naturally uneasy when the bank expansion
reaches one hundred and thirty millions will be the
part prudence for the banks rather to cut down than to
augment their specie line during the ensuing week.
There ia rather activity In the money Market and
lenders obtaining shade higher rates We quote call
loans day at FIVE per cent The movement is not based
any real causes, and Is probably merely sympathetic
With the activity Of the market in Europe. Exchange
tnues to rule high the leading drawers asking
sterling, and SIX for francs The MARKET however,
u not active. Bars have risen to q premium, and
scarce. This will operate TO curta the shipment Wed
aesdsy, as at ITO for sterling, it will not pay to ship
coin.
The stock market exhibits to day positive and quite
active demand for stocks from people outside Of Wall
street. For weeks past there has been active
outside demand for State and bonds which have
consequence advanced considerably in price. To-day
railroad stocks in for fair share Of the demand.
This partly due TO the substantial improvement in rail-
way property which has been the fruit OF the revusion
and which is convincing all who have any acquaintance
With railways that the crisis in their fortunes past But
other considerations and other facts have likewise had
their weight tempting outsiders into the stock market
Such are
lst-Thc extremely favorable accounts Of the prospects
W.
ray that the various accounts from the West justify
The belief that the crop Of this year will be unexamped
amount The last fall very considerably
larger than usual and such favorable for the
farmer last winter and this spring have been known
for thirty years.
2d-The steady revival Of all kinds Of trade and indus
Try, evidenced by the Custom House returns, the
strikes among workmen for higher wages the increased
exchanges at the banks and thereports Of merchants and
manufacturers throughout the country.
3d-The quasi certainty that the European Peace Con-
sTess viii at least POSTPONE for year two general
war in Europe.
4hThe continued advance and speculation cotton in
The foreign markets The of profit reaped by
the planters Of the South from their cotton this year will
probably considerably exceed hundred millions Of dol
hrs large portion Of which will, OF course come here
for investment.
6th-The continued abundance Of money ct homo and
abroad It quite likely that shall six per cen.
money market here this fall the revival Of business will
Of itself lead 10 this But the condition Of the govern ment
treasury which must continue TO pour out gold than
receives w-together with the receipts from Cafor
MIA and elsewhere-fuly counterbslance the export to
Europe.
6hThe certainty that no breach Of the peace is this
year. to grow out of relations with Great Britain,
Mexico, Nicaragua and Paraguay.
7th-The prospect Of further additions to the worlds
sock Of the precious metal, from Fraser river Pixies
Peak and elsewhere.
Sth-The prospect Of an enlarged market for manufac-
lures in lnda-which has been since
the outbreak Of the rebeion in Chna-respecng which
Lord Egns report the probable future trade Of
England and the United States with Hankow and the
neghborng owns in Russia which, since the introduce
ton Of the railway system is decupng it's consumption of
foreign manufactures in Japan and elsewhere.
9th-The fact that for eighteen months the citizens
.he trading countries Of the world have been comparative
" idle, have lived economically, undertaken
serprses and gone through general process Of quda
zion.
The aggregate Of these favorable facts and prospects
presents picture, the like Of which has, perhaps,
been witnessed before by Oldest business men, and
foreshadows for the early future period Of such
tivty and prosperity This country knew
before.
Whether Wall street. and the public securities dealt In
there likely TO participate in the general revival Of
activity and speculation the intelligent reader needs
advice to enable him to decide 1t Is true that three
fourhs of the members Of the Stock Exchange CONSIST
ing, however OF the youngest and weakest houses
general rue continue with more courage than they
displayed after the crisis, to sell stocks for the fall But
che opinions and the example Of these must go
for what they are worth is due say that
Ev,h
With occasional exceptions, they bulls at the wrong
time and bears at the wrong tme and the consequence
b. that as experience teaches, than FIVE out of
every hundred Wall street obbers retire solvent
dhion.
The most active stock of the day was Pacific Mail,
which, after closing on Saturday at s5al opened this
morning at 81 o. and closed this evening at 89K
bid The despatch in the morning papers Of to-day with
regard TO the stoppage Of the Vanderbilt line on the
Pacific, b pronounced by the agent wanton and
baseless fabrication. That limo will continue TO
carry passengers through TO California heretofore
New York Central very active this morning and ad
vanced per cent The Western stocks all active
Ut advances but the bears have gold these largely
that in defence they for the present driven TO keep
On selling, in the hope that disaster will
extrcate them from their predicament It is supposed
that for every share Of Michigan Southern guaran
teed, Rock Island and Galena, on the Market the
bears have contracted to deliver ve Hudson River was
higher All the State stocks and bonds continue TO ad
vance. In the afternoon there was reaction and the
market closed dull The following the last prces
Tennessees, 93X q o.; Missouris, ssX n vrginias
9sK co. Canton, 1eK 20; Cumberland preferred, 22K
%; New York Central, rex "; Erie, eX a 10; Har
lem, 12X 10; Hudson River, 3a,s u; Reading, box
X; Michigan Central, SIN q v; Michigan Southern
13,s NJ do. preferred 4ox v; Panama, 12l 12l &;
Illinois Central, 6SX 50; Gaena and Chicago, 67x VI
Cleveland and Toledo, c2bs " Chicago and Rock
Island 5ex y; Illinois per cent bonds, ssk n; Pa
cinc Mail Steamship Company, 81 ASK.
the business at the SubTreasury was to-day
Total receipts $500 368 SO
For customs. OBSERVATION-DISCLOSURES. 1900 90
Total payments. 45l ,ZIb 81
baiance i,l ,ofl oo
The exchanges ut the Clearing House this morning
larger than any day since August H. 1851 amounting