New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-14
New YORK MARKET.-The News OF the TN INST
has the following:

mas the lOiOWlnbs
The gold exchange has been steady IN.
der fiuctuaton of three-fOurths of one IL
cent, from I54 to l544, closing at l546.
The large demand for customs at present is alone
sufficient to explain the strength Of the Market as
the customs yesterday amount to one million two
hundred and fifteen thousand dollars. Go!d IS 10
% cent higher to-day than it was this day last
year. At this rate Of resumption, the premium
will be i70 next year July g. We wish now sim
ply to call attention to the fact 1t seems very
manifest that, judging from both their theories
and their practice, the financial doctors nave hot
understood, and hence not successfully treated,
the disease that is eating out the vtas OF the poll
Vical system of the country.
FE A rotten and unskillful administration of the
financial affairs of country Is APT 70 pc sure
=. precursor of its humiliation. The lending rate OF
gold was fat in the morning, and the currency was
simply exchanged for the gold at market rates,
one party getting the gold and the otner tne cur
@ renep without interest; but later in the day, as
higS' fonr per cent was paid for the currency,
Che first,day for some time that the tables nave
been turned, currency being at premium and
7 gold at u discount. The principal borrowers OF
t2old are merchants and this is the most obstinate
class Of shorts with whom the market ever n"s "
deal. & .1fs "a = a. =, a = :. A., ,,,1
NEW YORK. July 9The following s9Stl4gsa IS the 0apN
~ Loans, s25l ,534 1873; increase, So 66O, $50.
Specie, 50 1865 266 increase, 81 ,068 O48. Circula'
ton $685. increase sss9 sS 80 hegsl
ers, $79, SAL 638; decrease, 5ASl,oOz' DeposleSi
$2O5, 789 Gil; increase 81, 442,5SS.
YIELD OF GOLD gAND SILyER.-The following
estimates have been recently made OF the yield OIL
gold and silver during the eighteen years extend
ing from 1913 to 1856
The total production of gold all over the worlt
during that period was valued at 81 ,S4l ,5OO OOO
at the average rate of $l95 63S, 1888 per annum I'M
weight of the whole would be 6l57 tons, nine
tenths fine, or 5542 tons ayoirdupois of fine gold
equal to sofa tons per annum. The silver produc
l of the same period was valued at 81 620, 46OOOO
e. at an average of $50 022 az The weight of thi
nine-tenths fine would be 47,743 tons, or 43 SO
tons of pure silver, equal to 1882 tons a year, 9
in the proportion of about eight tons of silver t
one OF gold,
CAN1prAN REyENuEs-An Ottowa correspond
,ent saws the Canadian custom revenues for 1866
will be very large. The importation for 1886
amounted in value to S36 ,00O,OOO and the export
to $50 900 600. The importations and exports 10
fhe same period in 1866 amounting respectyel
tn S44 100000 and then balancing in that period
great prosperity. The customs receipts IN tn
4 same period of ten months in l864-65 came
81 100000 and in the corresponding PERIOD
~ 1863 az to- So 300 600. Two months have yet
be added to this return, and as the feGelps SO IL
have shown a steady increase on those OF las
wear total customs return of about Sl,25O,OI
NAV be expected as the result OIL Inc uauln
P't'''0-1 - Montreal Gazette.
The Boston Traveller, Of Tuesday, remarks
e. The money market is abundantly well snpplit
with currency, at low rates OF interest," ana
aisa present there are more lenders than borrower
and it is not likely that there will be much alte
81 alton in this easy condition OF financial analfs
81 long time to come. This country VIII probaDl
before long, be kept in countenance, by q &c
eral suspension of specie payments on the oth
side of the ocean, in the event of any further COZ
plications of the great powers
s-t -. ESQ.,
DEBT AND CERTIFICATES OF INDEBTEDNESS.
The Financial Chronicle gives the following as
advantages to the treasury from the payment
its certificates of indebtedness:
In the first place. these certificates bear =
cent. interest, which, in the present condition
the money market, is regarded as a very high "a
for loans having only sixty or ninety days long
to run. Secondly, the paying of of these 80 IN
lions of indebtedness will draw out of the treasI
q large amount of currency, which is lying il
there, and will convert this unproductiVe balaI
into useful means of economy.
H. Again, it is evidently an advantage if but one
the numerous and perplexing multitude of sect
Ties could be expunged from the necessarily &C
nlcsted list of our government debt.
The call loans have, for several reasons, q pr
claim to pc paid OF; but on examining