The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-22

Already failures are numerous, IN 1act, out they VIII
not announce themselves unless under compulsion,
and credits mature during the next fortnight they will
likely appear rapid succession, and how far the
evil consequences Of the legal tender may extend is
entirely uncertain.
Only one stock board failure reported today
In the street; but ether failures were expected In
the dry goods trade house Is announced be-
sides which, several other suspensions rumered,
and similar reports prevail with regard to frms
IN the produce trade From present appearances
formidable list OF bankruptcies may be looked for and
general commercial panic, unless rise in the gold pre-
MUM corresponding effect upon prices for
stocks and merchandise Nearly all the spectators in
gold and stocks are eshortn and they still using
their best efforts to renew panic and precipitate
the fall Of gold for their ACKNOWLEDGEMENT.
Such horde Of Pariahs and Judas lscarots
rs endeavoring to fatton themselves
upon litary victories before assembled in
any country, excepting France during the great
Revolution They speculate in the fortunes OF the coun
try just they would gamble at the faro table 1t TO
b. regretted these cosmopolitan vutures aided
IN their endeavors by who pr0fessedy friendly
20 the financial commercial interests Of the country,
and who sell gold down beyond the limits Of for
their personal enrichment. That the men will
be forcing gold upward IN like manner, for their
profit, suggests an unfattenng reelection.
The stock market improved after the first board and
at the open board o'clock 1t u per cent
higher. At the second regular board the improvement
partially cst and prices declined to nearly low
point those of the morning Government securities
however showed decided advance. Five-tweaties
81 higher, tenforties ~.
At the open board at past three increasing weak
shown and the market closed with downward
tendency
The supply of money is abundant TO meet the wants
es borrowers but lenders very distrusu Of credits
aud values. The rats for call loans with wide
gins is per cent and for first ecass commercial
paper IL per 1t Is tho intention of the Treasury
TO keep money easy by deferag drafts upon its deposits
in the national banks h ire for the ten days
The probabile Gro in favor Of TIE money market
tnung unsettled for long time come, the nuctu
atoms in gold and the Of values
likely to- be frequent ana rapid during the remainder
OF the war, andfor some tisae afterwards.
There further considerable decline in the pro-
duce and merchandise markets to-day accompanied by
great want OF condolences in credits and prices. But
sowards the c5e of busoess aquieer feeling prevailed
under the impression that the panic engineered in the
gold room had exhausted itself.
Foreign exchange is very 6rm at I0sxa Y forbankers'
sterling, sixty days, and 1oss 1loA short sight
The business the Sub Treas ary to-day was as fol-
lows
Receipts Or customs. els1, 600
Total receipts --.-..-------.-~ a,sJS 259
Payments aaS w.
Balance ,oSoiuVt
Subscr p.!ons to government lof IN. ...... 20 900
The aggregate value of the ports exclusive Of Specie
from port of New yerk to foreign ports during the
week ending March q, was So COS, ass
TO THE EDITOR OF THE HERALD.
The HERALp money article of last week reported the
failure OF firm largely ged in the tobacco trade.
Though the fact nj dther substantiated nor the
OF the parties pbis he'd, yet the announcement
extensively discussed commercial circles, and the
supposed name OF theILrm unhestatipgiy mentioned.
That during the prees siolenI ductuaons OF the
rency and false Is with respect to the stand
ing Of business will frequently arise is matter
OF surprise, and year reporter in publishing prevail
ing aud wibedi the names of the respective
firms, is perfectly excrsa ,le
In the present insianc, however additional injury
may result from the that the senior partner OF tho
firm alluded 10 is assent from the country aud
quenty unable to conrad 1T statements evidently resored
20 by competitors with no. friendly intentions
Without aspiring 10 the title Of Amicas Patp, have
the pretension claim That Of friend truth, and in
Tho capacity unhesitat ngy prone the
prevailing sheer fabrication deroid Of all foun
dAton
Being somewhat <lmilhr with the general operations
of the reported firm, ana not aware of aay liabilities in
the shape OF notes accp ances &c, of there being
such in circulation, and, consequently there lis nohng
10 fail on.