The New York herald., 1863-05-04
FINANCIAL AND coMMERc c IAL

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SUNDAY, May 8, 1868.
The foreign trade q the port last week exhibits
bo new features. The imports OF foreign mer-
bhaadise, exclusive Of dry goods. amounted to
,07s sll, to which add tho imports Of dry
goods, 81 ,s66. .25l, and the aggregate foots up
1881, ,062 Against this we exported 81 ,79s 800
bf produce and merchandise and 1894 ,99s of spe-
bie-in all. $S,09S ,S07. The trade OF the week
hus again leaves a balance tgainst the port,
which will have to be settled in specie sooner or
ster. 4 E
The limit OF 100000, 900 fixed by law TO tempo
kary deposits at per cent in the United States AS
instant Treasures was reached on Friday last, and
no more money can be received by ub-Treasurers
on this account. The fact tells the story of the
pey market in the past and foreshadow its future
For several days previous to the closing of the ac
bount the temporary deposits had exceeded two
millions per day. This large amount Of money had
been loaned to the government at per cent nter-
bst on call after ten days, and with tho under
standing that it should remain in the hsnds of the
government at least thirty days. Now that no more
suoh deposits can be received. the largo amounts
Df moley paid out by the United States in re-
dsmption of maturing debt certificates, and in
ehe payment of troops and contractors, viii
have to seek employment elsewhere. 1t can
pot he emnlas.a =. =. :a ~ purchase Of percante
&6ber, for the simple reason that there il vt,s
little good paper in market. The best names
tsl readily at five per cent. Among the brokers
he revival Of speculation has created an inquiry
Eor money within day or two; but the s,ib-
Treasury disbursements d,fiing single week will
nore than satisfy the.wants of the Stock Exchange
R~-.
i've per cent for money. Tho old established
houses borrow at four and some Of the street
.Apeculators are glad to be accommodated at six;
but in open market the fair rate is five per cent.
1hc circumstances to which wo have alluded viii
.probabiy prevent this rate being maintained, and
Rhe prospect is that in June money on call will
not command over 8 a 4 per cent in this market.
Country banks and capitalists are already looking
| bat for satisfactory investments in the shape of
ilividend paying railway securities and debt GER
t6cates. in order to anticipate the impending pie.
Ghora OF money.
The Secretary Of the Treasury, who was in Bos-
Ton last evening, has intention of Offering loan
Dr even issuing his new interest-besrlng legal
BENDER notes for the present. His calculation is
that the voluntary contributions Of the people, in
ehe shape Of conversions Of currency to $40 bonds
viii for time at least, more than defray his en-
tire expenses. In the course of the summer he
viii be forced to resort to his new legal tenders,
But meanwhile he is selling $40 bonds so fast that
he deems it unwise to check the movement by the
announcement of rival loan. Yesterday over
two millions of currency we're converted at this
point alone, and since April over $50 100000 of
4 sbonds have been thus negotiated. The govern
mont disbursements are so enormous that this
sctve absorption Of capital is not felt and money
seems to grow easier from day to day. Not few
OF the new bonds viii be used by new banks on
the basis Of issues Of currency under Mr.. Chase's
act. ee
\. The feature Of the gold market last week
was dulness. 1t closed yesterday at about $50,
and exchange ct l65 l66 for bankers signatures.
Thepe is very little speculation going on in gold
The act Of Congress-, which has been affirmed by
our State Legislature, has placed it out Of the
power of the "old clothes Dealers of William
street to organize great operations for the depreci
alton Of the national currency, and has very seri
ously crippled the schemes Of the copperhead
-cottoa and exchange dealers. Every one 10 salts
fed that gold must advance under the effect Of in
creased Issues Of paper money. But the period Of
che advance is uncertain, and IN the absence of
active speculative movements the market 10 inac-
tive. business in imported goods Is slowly re-
covering from the dulness which commenced
early i'm March; but the trade inquiry for bills is
still very light. rR
ThefolIowing table shows the course Of the stocf