The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-03-26

weeks more, even this extraordinary figure will be
found below the Truth. We doubt, however,
whether even this iucrease of production will suffice
for tue increased consumption Of the world.
The movement Of specie has been very slight
since last week: the bank average to be made up
tomorrow will not probably show much change,
though it may exhibit small decline In oonse.
quence Of movements Of coin to the interior to be
used on the opening Of navigation. The last bank
average was s23 ,l7i 1888. The Sub Treasury ba.
lance continues very steady; it stood yesterday
evening at ss,l22672 against 5000 400 1.-THE close
of last week. The receipts from duties continue
handsome, and the expenditures Of government
unusually light. The accumulation OF eight
millions of gold in the Sub-Treasury here, after
most of the overdue Post Office bills have been
paid, and while the government Is paying six per
cent for money, affords another illustration OF the
sagacity and skill with which the public finances
are administered. The steamer Baltic has arrived
from Aspinwal with $S9S, 730 in specie The
corresponding remittance OF last year was only
| 81, O32, 3l4-so that, if the Vanderbilt steamer
brings over $4,000 the remittance this year will
he in excess of both. The probability is that the
| total receipt will be over 81 100000.
| Money continues to work very smoothly, the
! rates being somewhat lower than they were at the
close Of last weeb, and the tendency being still to
| lower rates. We quote call loans at q ST. &C
cording to the nature Of the security offered; par
! ties going in search of borrowers on call are
obliged to be satisfied with A. First class short
| acceptances, under GO days, 60 readily at s 81
| per cent; and the same quality Of or months
! paper with two undoubted names, commands a
| ready sale at 81 6. Lower grades Of paper
| 20 at a a 10 IL, according to stand
| ing, &c. There was little futter for day
! or two last week in the money market, which
was caused partly by the demand for money
| by the country banks to prepare for the opening
of navigation partly by the revival Of speculation
on the Stock Exchange, and partly by some little
uneasiness In noneysd circles with regard to poll
teal movements in Europe. Within the past day
or two however, some of the large banks have
been free lenders, and the market has resumed its
former aspect. The latest intelligence from Europe
does not encourage the idea that any great war is
likely to grow out Of present complications
war between Sardinia and Austria, which seems
possible, would have no material influence upon
the commerce of the world
Foreign exchange is fat and dull. The dry
goods importers not in any great hurry to make
| LueI IemltlauSes ouu llC CApoito Va PiouuSo iOui
this port and of cotton from this and other ports
have provided about 50 500 900 more exchange than
the same staples did during the corresponding week
of 1859. Thus we continue to quote sterling bills
1851 100 for city bankers, and 1854 for good
commercial bills; for bills on Paris 5.l6l liz for
city bankers, and 5a73 20 for good commercial or
Southern bins. The shipment of bars by the Van
derbiIt yesterday was not account of bills drawn
OF present At this time last year the export of
specie was pretty active, and bankers were getting
| 1893 fer their bills on London.
| The domestic exchanges continue to work quiet
ly, with occasional purturbations at St. Louis and
Chicago-due more to fluctuations in the value Of
the debased currency Of the Western States than
to any change in the real value of New York
funds. At Philadelphia, New York bills have de.
clined q fraction, though not enough to induce
movements of coin. At New Orleans, the rate is
| premium; as the shipments of cotton decline,
exchange viii naturally advance and specie flow
Northward. The amount Of gold held at New Or
leans is larger than the banks need, and more than
they will keep throughout the summer
The course Of the stock market during the past