The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-07

The Chicago Democrat Of March says
The Illinois Central line singly delivered nearly ten
millions OF bushels OF grain last In the two months
Of January and February has sent about three millions
OF bushels OF grain the Southern markets II England
Is purchaser through this better informed
journalist than the writer In the London Times may dis
that the grain produced the line Of the illinois
Central alone, and which Is almost solely due to the
building u this has most important bearing upon
the price Of breadstuns Liverpool The quantity OF
grain this road rs able 70 throw INTO the market, com
paratively small may be compared with the entire
bulk imported into England, nevertheless, potent TO
keep prices down. years Of scarcity below the famine
point In Us revilngs Of this great enterprise let the
Times give credit for at least tais service 70 the
people OF Great Britain.
The New Orleans Picdyune Of Wednesday last
thus notices the money and exchange market Of
that city,
The money market showed increasing signs OF activity
and some round negotiations % paper we're made a. ~
choice piece going Is for signatures equally
good but less generally known The offerings OF really
desirable quite small and should the impress.
Of early settlement OF political differences become
general there will be great scarcity OF the right kind
Investments In other Words the surplus Of unemployed
means Is far more than ample of all the good
that DO had. One grain OF confidence will bring
one hundred grains OF capital, Inc stock market con.
feeling Foreign exchange was again hrmer, but the
offerings beng light transactions limited. Sterling
done at 104 l0ss4 and drafts with bill OF ladng
at 100 103k Francs, 5f.a2h 40, aud the whole
from 81 80 81 40. sixty bills on the North
Su S su, mere soo are reSSs
checked freely at "a add the banks ask p at the
counter.
The Chicago Tribune, under date Of Saturday
evening. remarks
The money market s abundantly suppled-far beyond
the present wants Of legitimate business The prospect
OF early opening of navigation becomes better every
day and the large surplus Of which the banks
have been carrying 30 long viii ind active employ
ment. The Ia TO be opened on Monday, and heavy
receipts OF may be expected from the ILLINOIS river
and In three four weeks the spring business will be
fairly commenced. Indeed should the south winds and
the weather continue another week ten days shall
expect 70 hear that the straits open Exchange de-
cned 70 sew cent TO day and dull at that The
pshks paid customers 81, but few willing TO pay
ous'oets above per cont, and 5k probably all
tha' could be obtained for round lets
The 81. Louis Republicon OF the I'd inst says:-
We have no changeto note in money movements which
are quiet ~ usual Although Eastern exchnnge Ia re-
ported ~ st eight premium In Ch,caxo the rate
mere nas not advanced beyond 81, at which, however IL
N hrm New Orleans sells the sams rate Tha ,rana
actions are In banksDle funds Currency al discount ~
~ 70 two per cent
At Cincinnati says the Gdzeoe.-
There was pretty full demand ror money on Saturday
tinued easy for rst class paper while for nanss that
were not Up to No standard close IA herei ,snre
We quote 10 ~ per oent for prime paper and 10 for
call loans. There good demand for Eastern en-.
change but the receipts fair and the market with
most OF the houses was easy at quotations. Nothing
rabie IVES purchased at AK Transactions In New or.
Leans continue limited scae at par buying and
MUM selling There demand for Western
money OF the supply, and the market
better closing advance Of per cent for Illinois and
wlscensiD, which we now quote ~ 7 discount.