, 1863-07-21


or would furnish II larger and more profitable
business
From the independently
new YoRk MONEY MARKET.-The money mark
It has become much easier. The fall Of stcks-
burg has given nore confidence to capitalists.
Call loans are making at to per cent-the lower
rate on,y to rstrclass borrowers. The collaterals
offered b. others are still, however, very vigorous
II teEutinized and the speculative railroad stocks
tor the most part rejected. Business paper ia
at 6H to 6K per cert according to date: Long dates
are not in demand. and very few are Offering: Tue
commission houses and Importers sell solely for
the rnle-notee the exception. Sudden aud con.
stant'y recurring fluctuations in the price OF gold
are now looked fos, and merchants have to cal
in conformity Is iar as they sfe able God IS now
at 1a1 per cent to which price it fell last Wedues-
snd the ustuston has PEEP from
last week was $40l, ,936, making 2iaa7 S8s elnce
the first OF January, which Is one'thiEd less
than during the corresponding r. period 2 @ Of 1892.
banks report daily average last week OF 33s,-
566,395. which is an increase on the week OF q
quarter Of million. The foreign exchange mae-
ase hs Sas9Ess
err sterling, and ass per dollar for trancs The
bank returns show an Increase Of 0,5s9 In their
daily increase loans, and the net deposits an in
crease Of s. ,8s6 the amounts reported being,
loans, 3175,02sT T63, and deposits, St60. .915,77l.
Compared with last year, tie increase Is very
great namely: q millions in loans' and a3s mil
The business Of the port continues active, but
there is an expectancy that tho exports Of bread
stulls will fall off, from the bright prospects of an
succession Of three bad har7ests there, much to
our advantage The imports last week amounted
to $50 !s3 and exports Of produce to 3 ~, ,9?0;
Ploaasss %ssa1s Res It, Ss91s nRSSs re- dsaas 81
stock market were larger on the week past, but
partly at lower pEices. Governments, However,
f@9 sortRue 9%a xad' 55m' and the public demand
holders Of speculative stocks look ioE farther
advance in prices ont OF the necessities Of the
Government forcing 1t to increased Issues q legal
der notes, but the expected necessity has not
customs. taxes, and loans being sufficient 1t pres
c,t Tic anticipated receipts from the income
tax arc by many supposed to be large enough to
advantage to the community, and 1t is thought
will continue, though with fluctuations.
RAILROAD cosSzcr1os WITH TIE WEsr.--We
understand that the negotiations which have been
Tor some time in progtreB to effect practical con-
solicitation Of the live lines Of railroad, riz: The
osaensbprg, with lie East Boston Freight rail
was coneunmated on the. first of the present
month and The line is now in practical operation;
The steamer st Lawrtnce, which was launched at
Ogdeneburg some weeks since, commenced her
@ Soaenn and tI gs g On the
specified above with the Grand Trunk railway.
aid transporting freight cars and passrnsers. 1t
the came tin,c an express passenger train WAS
put upon tho line Having Boston at 6 g. M,
arriving at Og1ensbu1g the eamo evening,
., going through to Chicago in fosty-nine hours.
The roads forming this line are making every IT.
fort, by providing the best Of accommodations at
Low fares to increase the business connections Of
Boston with the West. Nearly every day since the
arrangements were completed, Quantities Of flour,
oats and other merchandise ha:i' arrived at Lom-
batd's wharyes, and been discharged direct from
the cars into warehouses, thns saving the expense
Of ttamirg. extra handling, &c. We believe that
this consolidated line Is to have Important bearing
upon the business interests Of Boston, particularly
ii our merchants By the establishment Of lines Of
ct, amers and packets to Europe will furnish An
outlet for the flour, grain and other produce which
will find itR way here.