The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-30


tainty with regard to the amount which viii be
required by government. Besides the 1000, 900
Just lent to the United States government, the
following loans are abont to come on the market
United States Treasury notes .s4 600 900
LIMOS per Cent
PepDSyivaua DO ....-................s. SVUcW
vcw jersey
Vermont... oV0IW
SeAt{M <vVpvVo
Total................. .............$ $40 600 600
This Is exclusive Of what New FORK and other
Northern States may want. This prospect can
not but lead to serious thought among fnanciers,
and to general unwillicgness among men of
means to tie up their money in property which
cannot be converted any day into money without
loss. At the morning board to-day the market
was dull and generally lower. Virginia 6s fell
l; New York Central, -; Tennessees, Il; Toledo,
Il; Hudson, Il; Harlem, 4; Illinois Central. /.
The exceptions TO the market we're Rock Island,
which advanced "a; Galena, which advanced
"a, and Missours, which advanced e. After the
board the market was dull. in the afternoon very
little was done. The market closed dull the fol-
lowing being the quotatons-United States 5's,
1874, rs 1917; Tennessee 6's, AZ 4e1l; Virginia
6's, As q 461aa; Missouri 6s, 40'. Al; Canton
91s; Cumberland Coal preferred, 81 a 6; Delaware
and Hudson Canal, 81 "a; Pennsylvania Coal,
76 80; Pacific Mail, 631l q GA; New York Central,
7l7s ~ Erie, e21s 2214; Hudson River, "A
s411s Harlem, lO5s a II; do. preferred, &c 2614;
Reading, 3l2s a 3lH; Michigan Central, Ala
AS. Michigan Southern and Northern Indiana, IL
q l2114; do. guaranteed, % 265.; Panama, l0SH
q 104; Illinois Central, G9s4 20; Galena aud
Chicago, 5714 SIX; Cleveland and Toledo, 22l4
2211a; Chicago and Rock Island SSH 33a44; Chi
cago, Burlington and Quincy, "a 50; Milwaukee
and Mississippi L. 1878; la Crosse and Milwau.
kee land grant bonds, s 2; Illinois Central
bonds, 90 81.
The business of the Sub Treasury was as fol-
lows to-day
Receipts. ......................... $.s5 ess 80
For customs. ooo o00 W
Payments Ss6 e9s 6l
Balance. esl4 SEA 81
We are happy to announce that Mr.. Cisco, As
sistant Treasurer OF the United States, has with
drawn, at Mr.. Lincoln's request, the resignation
he rendered the President on March 4. Mr.. Cisco
is most efficient and valuable public officer, and
viii be of infinite use to the government during
the present war.
Tomorrow at noon the Secretary of the Trea.
sury opens the bids for the slie0O0 900 loan 1t is
understood that there will be no bids. The act
forbids the Secretary from entertaining bids
below par, and the advertisement was mere for
mality to exhaust the resource afforded by the act
before proceeding to the disposal OF Treasury
notes. II is understood that an agent OF the Bos-
ton banks viii tomorrow offer TO take some
81, 900 OOO of Treasury notes at par.
A despatch from New Orleans reports the block.
adc OF that port complete.
The cotton question has absorbed 30 much at.
teDfion whenever the commercial aspects OF the
war have been considered that few people have
thought Of another article-tobacco-upon which
the war viii produce quite as marked effects. To-
bacco has been pronounced by political econo
mists to be second only to salt among the neces
ssries of human life. OF that necessary the
United States, and chiefly the seeded portion
OF them, the chief producers. Assuming
that the United States produce ia round num-
bers 100000 bids. of tobacco cash year,
perhaps 100 900 are grown within the limits Of the
COME derate States. Virginia alone yields an ave-
rage of 10000 hhds. The war depriyes the world
Of this supply. The export of tobacco from Viz.
enia and North Carolina begins in the spring and
lasts through the summer il il doubtful IL one
third of the crop Of 1860 had been shipped when
the United States blockade sealed the Virginia
ports. Since that blockade the price of tobacco
has risen 100 per cent hero, while the warehouses
in Virginia are choked with hogsheads and pack
ages, unsaleable at any price So tar az
the North is concerned, this state of things
will produce no greater inconvenience than
probable advance in the price of an
article which every one consumes. Ohio,
Connecticut, Pennsylvania. Maryland and Nilsson.
ri all produce tobacco, and the Northern States
and Canada will have to look to them for sup.
ply. Connecticut, especially, in which State much
attention has lately been devoted to tobacco
growing. will reap o handsome harvest from the
change. But Europe will suffer very severely
from the blockade. In the first place, an enor-
nous advance in the price of tobacco in Europe
seems inevitable; and in European countries
where small incomes and slender wages rule, the
advance will be severely felt. Again, We ship to
Europe, on average, something over $50 900 900
worth of tobacco every year-about three-Afths
the consumption of the maritime countries. ON
this import, four recommendations Of France,
England Spain and Holland an average re-
venue OF $Gt, COZ, 900, as follows
British duty tobacco. S2i 600 900
Dutch duty tobacco ................ 20 900 OCo
Revenue from monopoly in France. ~, 600 0CO
Revenue from monopoly In Spain......... 5000 900
TOTAL. 5iCoo,po
TLsse are round 6gures-a fair average for Sc.
yersl years.
We hear from Virginia that the planters are put.
ting IN less tobacco than usual this year, and de-
voting greater breadth Of land to corn and wheat
Our Northern Primers must take care to increase
their tobacco plantations in consequence