, 1865-04-08

Averote dallJ increase OF principal. 81 I31 LEG
FIN gold, 016, 63t; in currency, SIS, 5ss9.
According to the atove statemen =, The increase
in the public debt during the past 1at days has
been ut the rate Of +a,ls4,1b6 per day, which is
more favorable than has been rsuslly reported by
the leading New York commercial journals. who
hare been in the habit Of estimating the daily in
crease at $500, ,000 per day. There Ia decrease
In The Certificates Of Indebtedness outstanding
amounting to 84,563 0C0 hut there is an increase
IN the Unpaid Requis1ions OF ,74Q6as-the
whole amount OF these footing up s114, ,a5obl8. It
was reported some time since that these Heonfs,.
tfons had been all paid up. but the statement was
only eo'd-room fiction. 1t Is proper, however,
TO state that the Secretary has now IN the T!eas-
ury, to meet part Of these, the sum Of $56 pa4
This. We preenne, Is In the various United States
DeposttoIfes throughout the county, and the
fear Of creating commercial disaster by m uudue
atrtngency N the money market during III. recent
decline in prices, has doubtless prevented Secrc-
tary Mccniloch tsom drawing on them as close as
usual. This probably accounts tor the large
nrnount Of Government funds which are IN tho
National Banks In this md other cities ar present.
The decrease In the one md two year I've per cent
notes Of $50. ,7bo, eincc the 31st Of October
last, Is duo to the order allowing jar Cooke &;
Co., OF his agents, to receive them in payment,
with interest added, for seyen-Thirty bonds.
As the Copperhead organs throughout the
country have been working themselves up to
desperate pitch Of excitement because no stats-
ment Ut the debt was made last month, wo trast
they will NOW be satisfied. The debt Is large,
hut We have In the Department Of
the freaenrya maD, who, above iii Others, il
careful and prudent, and will do nll in his power
10 reduce 1t rs fast as possible. One thing mus:
: be borne In mind; Mr. NcCn1loch Is only few
weeks in office fand 1t Is scarcely possible that his
policy GIN be discernble in tue present statement
lie stands committed against any further Issues OF
eold.bcat1ng bonds, and the rapid,ty with which
The seyen-thfrty Loan Is being absorbed ,by tl,a
people, tho increase Of the Internal Revenue, and
the prospect Of speedy termination Of the war,
Will enable him 10 place the National Deb in sucE
ehspe as to be controlled without embarrassing
the government Or uneeltllng ya1aea. It will then
cease to te foot ball for Wall street specuato1s
to kick hither and thither as their interests die
tate.
To those who are determined to be dtspleas.a
with the statement, or to be hypercrttcs, there
may be found some ite1ns which, with The Gift or
fo1eknowledge, might hare been different; but
1t mnst be matter OF coazratulation to all to
know that the public debt IL several hundreds OF
millions of fdollarB less thsn tbs moneyel interest
in New York has been representing 1t to be within
the past few weeks.
TO-DAY Gold was easier, in consequence Of the
glorious news from Gen. Sheridan, but the dec.,ne
was only temporary, and the general marke,s
were not mat=rtaly affected. Operators both hera
and In New York have made up theiE minis for
the present that Ill bnr victories for sometime to
come hare been already discounted, and that gold
cannot remain long below $50 In any event.
Whether Or not this view Of aalra Il correct, is
useltss to inquire for there is no precedent to 60
by, and columns might be written On the subject
all In in 1aNF tall H. ,.A1n -F
Treasury Note, day by Day, a. our ARMIES proceed
in the subjucatton ofthe rebels, Ii ta.k Unknown
IN the books, and We can only accept the solution
given uk As the true one, on the pr1nclple tnat
''water will ind It's level""
Apart from all this. however, 1t present gold IL
larEely'" oversoid:'' both hers and IN New York,
and this keeps II higher than. is natural. This,
however, eau only affect 1t temporarily.
Tho Produce markets Today followed gold,
prices falling after the news from Gen: Sheridan,
and ral]ylug again towards the close The trans
sctious were unusually heavy, but thcre was
none purchased for shipment, although narIga-
tion will be open III weeh or tno. The dsmand
1s rholly BY spectators, aud'a large proportion
lion Of the sales arc for future delivery. :Proyi-
sions were dull and lower, owing to less favoraba
news from New York. >
The money market remains quiet and steady.
There Is f.ir inquiry for money, but ths market
is still stringent, and the banks discountng
little as possible. The rate i. therefore nominal
at 10 per cent per aunnm. Street rates nrc Arm
At 1}@2 per cent per month. Cali loans are ac-
tive At 10 per cent per annu, on prime securities.
Eastern exchange was il very achge demand to-
dsy, and under Hight supply the market was
Grp, at par buying and t prem selling. Most Of
the heavy houses mad to express currency to meet
thcr drafts.
There wns gbod attendance ut tho Stock Ex-