The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-04-27
FINANCIAL AND COMMERC IAl..
RirNnAY Anril DC Ia

eUNDAY, April 70, 1858.
The foreign trade Of the port for the past week
again shows Q balance against US, which must
sooner later lead either increased exports of
bullion or to such an advance in gold and ex-
change may give fresh impetus TO the export of
American securities. The aggregate import for the
week offoreign merchandise and produce, exclusive
Of dry goods 50 272 $50, to which add 81 &c.,
s67 Of dry goods iDpor ed, and the total foots up
-, s49, 256. Against this exported 81, $50
Of produce and $500 l55 OF specen all So 1863 sal.
The apparent balance Of 81 500 900 thus shown
against the port is probably nearly million less
han the real balance, in consequence OF the diner
suce between the specie valuation Of our imports
and the currency valuation Of our exports. The
Gall in gold, which at the first eminently de-
srabe, has involved results not at all beneficial to
our general commerce. II ia now well ascertained
that while gold ought not to rise to l70 or to any
such point for the sake Of the currency, II is fully
- desirable In the interests OF general trade,
that Il should not fall below $50 so long as the war
lasts.
Money became extremely easy last week. At
the close Of the week all the leading lenders were
anxious to place their funds at five per cent, and
the leading brokers were sbundantly supplied at
-four. Over q million day is paid into the Sub
Treasury on temporary loan at five per cent. As,
however, the disbursements Of government are In
excess Of its receipts the absorption Of money ut
che Sub Treasures by conversions and deposits
produces no effect upon the money market, and
the rate Of interest tends steadily downward. As
the legal limit to depositshas been reached,
the Stock Exchange will be the only market for
money seeking employment on call, and the rate
VIII probably fall TO per cent. The Score.
tary Of the Treasury has been IN town for
. couple of days, but has developed nothing of his
purposes. He will probably leave town for wash.
ington tomorrow. II is quite likely that he has de-
tcrmised upon particular plan, but Is willing 10
be guided by events and the temper Of the fnan-
sial community. He has positively declined TO
place q loan in a foreign market; the limitations
10 the contrary published in the London journals
arc gratuitous and baseless, and are designed
partly 70 bring discredit on the finances Of the
Union, and partly TO extenuste the unprincipled
conduct Of British bankers In subscribing TO the
rebel loan. The resources OF this country are
amply sufficient to carry US through the struggle
IN which we are engaged without q dollar OF
i,reign capital. II foreigners want TO buy our
bcads they must send here and purchase In open
market. With regard TO loan here the intima-
iicns are contradictory. A fifty million ten years
aosa has been confidently predicted, and the rea-
aons for Offering such loan at the present time
command general approval. Yesterday afternoon,
however, 1t appeared likely that nothing would be
aons at present except, perhaps, TO authorize sub.
soriptions 70 new bonds at the closing Of The per
cent deposits. The Secretary appears fully TO re.
sixe the importance Of preserving the money mar
hss IN an easy condition, andsvoiding unnecessary
pss1ps. yhe new Treasury notes sss sos printed