The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-26
morning were s2s, 5ss,72o %, and the balances
81, 1865, $50 Is.
The business at the Sub Treasury was as follows

-E4usA " % per cent.
The earnings Of the Cleveland and Toledo Rail
road for the third week Of March show decrease
OF 1905 from the corresponding week of last year.
The United States mail steamer Champion,
Captain Seahury, arrived at an early hour this
morning from Aspinwall, with the Pacific mails
Of the lst OF March, She brings 5000 597 in specie
The Erie Railroad Company has purchased the
line known as the Buffalo and New York City Rail-
road, running from Hornelsville to Buffalo. The
road 10 ninety miles long, and has been used BY
the Erie company under a running arrangement.
IT IL commonly called "Patchn's road,n and has
played an important part in the old quarrels of the
Erie and Central, when passengers were ticketed
through rom New York to Buffalo at five dol
lars. This link has been the only communiea-
ton OF the Erie Company with Buffalo, as the
Buffalo, New York and Erie Railroads. pay
ing road at present running from Corning TO
Rochester-is controlled by the New York Central
Company. The Buffalo and New York City road,
like several Of the lines which cross the Western
part Of the State, turns out a most unfortunate
speculation for the charlottesville Erie Compa-
ny getting the entire line for SIPS 900, equal TO
about eighteen cents in cash on the first mortgage
bonds The road cost about 81 900 900. This pur-
chase gives the Erie Company direct line from
New York to Buffalo. The price paid, though
very low, we believe is more than the road would
bring at public sale held at Batavia. The citi-
zens of Hornellsyille, according 20 Geographic
despatch are greatly rejoced at the SALE and fred
one hundred guns.
The National Lateligencer thus remarks on the
subject Of the Southern Confederate States Loan
1t seems BY an advertisement OF the Secretary OF the
Treasury OF the Southern confederacy that portion Of
the loan Of $5 0o0 authorized by the Montgomery
Congress- has been yet taken. That officer gives notice
that onethird Of the amount win he offered 70 public
on the TIN Of the ensuing month to oe issued in
ranging from $50 to 81 600 The Secretary sys that in
order to enable all portions Of the people throughout the
Confederate States ito exhibit their common interest in
raising funds for the common Defence books Of subscrp
ton will be opened At the cities and principal towns and
10 enable al persons conveniently - subscribe current
value in conn., He also states thai the debt secured
BY ga duty Of Of cent per h. or about 81 cents per
bale, on all cotton exported"
The Savannah Republican says
reference the tables shows that the decrease in re-
cepts has already reached $50 62 bales There to be
deoucted from this quantity, however, 13S 429 bales
which have gone TO market overland This still leaves
deficiency Of OIL 723 bales which, from the best nforma
ton we can obtain, apt to increase from week TO week.
The from plantations invariably reports the crop In
and the stocks in interior towns aggregatng but 81
bales this year against ia 00l bales indicate that the
most sangune short crop estimates have not been far out
Of the way The political troubles which have sgssed
country caused planters bring their crops 70
ket and the same reasons urged shippers TO hurry it of
to Liverpool the North. The result Is seen in the
the interior towns In 1859 tbs receipts all ports up
to this time 4s2 bales tables for he pre-
renee Of only few thousand bales Il the papsei con
tnues till September l. we VIII have crop Of $500 905
bales but the causes we have enumerated ABOVE, TO-
gether with the facilities for getting TO market, which in
every year. would 90 prove .lat II will be even
less than this figure.
The New Orleans Pico,ptnc Of Wednesday last
thus notices the money and exchange market Of
that city,
There was more tuoyant feeling n the market TO.
day. both for money and exchange Prime long paper s
in active request for preferred investment at 10 per cent
at which figure or two round amounts were passed
There also tran sctons at ii II per cent for good
Names but the offerings Of either class small The
Exchange market continues TO advance rapidly the
foreign bills within tho last three days be-
ing equal to u X per cent Clear sterling taken
to considerable extent at 1864 1915, with sales OF
and half since these rates have been attained On the
Sd Of November, 1850 quoted 1915 AZ the extreme,
and during the interval the market has always ruled
under that point, and for considerable period from
IL per cent below. Drafts with bill of adng be sold
at los 106, but there few Offering. Francsare
S
81 IS 81. 271a. Sixty day bills on New York have been
cold asl per cent discount. The supply OF sight
being limited further advance paid and the banks
established the counter rate at - premium.
The Chicago Tribune of March 81 SAYS
Exchange declined Nc to-day, the current rate being
6h per cent. Buyers few and their wants small,
even at that figure Customers could readily obtain
concession Of i from the regular rate on round
lots, and we presume that in some cases % were
granted. The banks paid customers per cent, but
outsiders were glad to get Az q AZ. The decline
has been slower than a. FIRST expected but 1t Is
steady and to the business public most gratifying They
would be pleased TO the decline Of today repeated
for the next ten days continuance for half that
time would be decidedly acceptable Gold scarce, but
not wanted Nomnaly II bears about the price
exchange There 70 no sensible change In the general
money market Of the city. Currency s abundant but
the opportunities TO II the Increase aud bank
anxious for sl larger calls. We have heard II
stated with whist authority know no that 81 500 600
of currency had been withdrawn from Circulation
since last November. the balance is proportionabiy
better. During the active business employment
be found for nearly all have always promising
that the bonds which II is based do not decline from
about present rates. An appreciation OF ten per cent
the State stocks held by the Auditor would render
most OF currency as good ~ such fuctuat-
ing Constitution" can well be made,
It is understood that Judge Miller, Of the United
Sta es District Court of Wisconsin, has rendered