The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-04
FINANCIAL AND CONNER GAL.

SUNDAY, Nov 3, 1861.
We are approaching the end of the year. and our
foreign trade continues to illustrate the extraordi-
nary sel-suificiency of the United States and the
dependence Of foreign nations upon them. Our
imports from abroad, up TO Saturday evening last,
showed q decrease Of sos 900 900 as compare
with the corresponding period of 1860 and $780,
100000 as compared with the corresponding
period Of 1889. This decrease is not to be traced
IN orr imports of tea coffee sugar, hides, spices,
drugs or the like, of which we are taking very
nearly our usual quantity from abroad: it repre-
sents the reduction in our consumption of foreign
dry goods and foreign manufactures of hardware
and objects of luxury. On the other hand, our
exports consisting mainly Of food--show an in
Of SIS 900 900 over the corresponding period
of 1860. and of $52 800 900 over the corresponding
period Of 1859 and average years. At this rate the
exchanges may well rule in our favor. The follow
ing are the tables for the week and year to date:-
IMronTs
For he treet. 1864 1850. 1861
Dry goods. ....... s402,7o4 l37s,2aa i6ia
Gent merchandise. l.loso24 2,924.eso 1922 .44s
Total for the week 1slo,72s 4soa,s5s 224t 900
Previously reped BOG 443,77o 1os s527s4 1sI ss5
Since January 1907 es4 49s 200 1856 lo7 zoe 1855
= 1859. 1860. 1861.
For the week . 81 aoS 800 2iSs,7sl a,so3,o4s
Previously reported g., 7s2o9e 775Oes4l 1o551 $50
Since January l. $50 oss $50 7s675, ia io7 955 5s1
IMPORTS oy SPECIE
1859; 1850 1851.
Previously reported. 81 56o,54s 41.s36se7 s25o,ss5
Since January H.. $50 $50 2l9 az OPS 391 sa5s 1855
Last Monday the banks showed specie average
10 Os.nC tv,o \,
Sub Treasury 81 900 in specie on account OF
the second Fifty million loan. It is hardly pro.
bable, however that the average TO be made up
tomorrow viii reflect this transfer, the increase
in the SubTeasury balance has been small and
the government disbursements very heavy. Not
wthstanding the very just complaints which are
made Of the dilatory manner in which public Gre
ditors arc dealt with at the Treasury Department
it Is o fact that the cash payments at the New
York Office alone exceed million day. Adding
the Sub-Trcasury balance to the bank reserve, we
find that the stock Of coin in New York does not
vary materially, Notwithstanding the enormous
operations OF the government. There is not much
less than $40 900 600 in bank and Sub-Treasury
a. the present timesay 50 500 900 less than there
vas 10Th Of August. Next week We shall
begin to receive heavy rcmittances of coin from
Europe. The bank loans averaged last Monday
sl47 26s Sac being decrease Of S. 1853. 792 from
the week previous, about so,000,000 decrease
in two weeks This very rapid contrac
ton represents, in large part, the popular
subscription To the loan. As fast as the
public take the Treasury notes from the banks
they arc struck of the line Of discounts The ord-
nary discount line is likewise steadily declining,
owing to the abandonment Of the credit system in
many branches Of business and the contraction Of
others. a further reduction Of the discount line
mist he looked for tomorrow, and each week sue
ccssirey until the third fifty million loan is nego-
tiatca.
Money i easier and more abundant than il was
week since Brokers arc seldom paying over
per cent for call loans and great deal Of money j.
lent at s. First class mercantile paper sells at
7per cent. Names less generally known. or less
fsvorabIy considered range from | per cent u
month upward. 1t seems to he generally under
stood that we cannot have any movement of conse
quence IN the money market for the present. or
until the condition of political affairs leads to some
radical change in the system on which business is
carried on. The banks are accommodating their
customers very libcraly, bit the applications for
discounts are light
Foreign exchange closed yesterday quite dull.
rates having fallen from ~ to X per cent during
the week On Friday, when the market may he
said to have closed, bankers asking rates ranged
from l07 to 1917 but we heard Of no real buSi.
ness over the lower figure. On Thursday lead
ing drawer sold heavily at 1911 Mercantile bills
range from JOG 20 loG%, aud are not abundant.
At these rates there is handsome profit on the
importation of gold from Europe, ana We may ac-
cordngly expect heavy remttances from This time
until the close Of our internal navigation. When
the canals close our heavy exports Of breaastufTs
must cease, as The railroads even when pushed to
their utmost capacity, can carry but a small
amount Of food. Meanwhile, however, we shall
probably take good deal Of gold from Europe