New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-03-14
a. sid; and to London, $50 hhds. Tobacco at 2os
Attention is directed to the Card Of the Uniteo

| AZ 5ld.; and 10 London, lou hhds. lopao0o ~ -'
Attention is directed to the Card OF the Uniteo
States Accident Insurance Company.
Exports, exclusive of specie, from INC port VI
Ncw-York TO foreign ports for the week ehdine
March IL, 1866, 81, 669, Gel.
At an early day we understand that the secretary
of the Treasury will reduce the interest Oh 'n'
Clearing House certificates to per cent lhsteao o.
). and upon ordinary deposits to instead oil
per cent The payment i'll full OF the Cleaning
IIonse certificates is one of the next steps to b'
taken in bringing the national balance sheet into
more compact form. The Treasury is in condi
ton TO contract materially, and a similar policy
will be forced upon smaller borrowers.
| The National IntcRigencCr says:
Money is so abundant in the commercial centers that
speculation fourshes though regular business IS AZ
stand Speculation in the City OF New YORK mas I o
week past been directed strongly TO real estate NJ nu
vancng prices the auction sales amounting 10 qudi
ter of million Of dollars day. This shows hol on,
the abundance Of money, but the want OF employment
| for 1t in any regular business. -, 49,. -.
MANY persons marvel at the fact that the prices OF
living are still maintained at the rate which pre-
vailed when gold was 200. An actual scarcity oil COM
moditcs caused by diminished production ara suuuen
" increasing consumption has been and st IS among
the causes Of high prices IA wei the redundancy o
paper cnrreBcy. But prices tend downward, ana mus
decline very sensibly even without any reference u
the ucress of any scheme Of contraction. hundreds OF
thousands Of men, lately in arms, and large consumers
must now become producers and beside these the 'as
current of immigration brings daily aecessons 10 oui
means Of production. .u
Observation-Disclosures prices having declined 20 per cent
during the past week. The Southern demand Tor goos
which was so brisk during few months following lnc
close of the War has subsidized and the supply mas eh
ceeded the means Of payment. The South mas heaIy
exhausted the resources which renamed 10 H. hIs' ~!
War in cotton, tobacco naval stores NC hnu Wy
prospect of production for 1861 IS FAR IRON Deg Eoou
| Some business men anticipate general cecnne OF
prices and as a consequence OF II, contraction OF
| bank loans which will fall with severity upon BANK
debtors Banks are generally increasing instead oi
diminishing their loans. Tie loan line OF the New.
York city banks before the war was Sl2O OOOVO, ana
il is now s2i00OO0O0. though legitimate business
is falling of. When the banks shall, from prudential
reasons contract their loan line everything upon
which these loans are based will suffer decline III
price
Inc National BANKERS Express will at IN early
day, be absorbed" by the American Express, and
its associate express companies the Adams" etc.
and opposition avoided. The express companies OF
the North arc conducted in the most efficient man
ner, and their stocks are among the most valuable
in existence and rarely to be had.
| The Michigan Central Road earned. the FIRST
week in March:
1865 S74 339 1866. 1923 Inc. ...sl.5si.
The Canadian lines, together with their most I'M
mediate connections the New-York and Michigan
Central routes after the 18th OF March, will prob
ably not make large gains over 1865.
Ii was reported upon the street that an extra
dividend of per cent is TO be made by the
Pittsburgh and Fort Wayne Road. Al the an
nual meeting it is stated that a further issue
of stock will be proposed and carried, as
the bondholders can have no reasonable OBJ
lection TO the sale of stock for the pur-
pose of improving the road and adding to the value
of the bonds. The propricty of continuing the cur
rent rate of dividends while selling stock for con-
structon is another question to be considered The
first three months traffic of 1866 will compare with