The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-12

The demand for customs duties aggregated g. 29 4
Tho that the Treasury will anticipate tho payment
OF the May interest fve.twentics Is yet without
foundation in fact.
Foreign exchange dull, but moderately firm under
the influence OF limited supply OF cotton and local COM
morcial bills and the large import movement going for
ward The steady decline in the receipts of cotton at
the Southern ports Is interpreted favorable to reduced
exports and corresponding scarcity OF exchange The
receipts at New Orleans for the week ending March
only Il 800 bales The total receipts all the ports
since the close Of the estimated at 81, 900
baes The exports from this port for tho week ending
the 9th inst aryer than usua-namey, IL, az
bales while the receipts the week ending the 9th
only 10 POI bales The stock at New Orleans
the It'll was about 1s6 900 bales, at Mobile tho Sd,
76475 bales Savannah the Sd, 10 sos bales, at
Galveston February - 1920 bales The stock a;
Liverpool February a. AIS ESQ bales OF which
pa $50 American The aggregate stock about
100000 bales larger at the time last year.
but IL included only 5000 bales Of American.
Tho prospects Of the next crop still
what dubious. although less than few months
since. Estimates OF the probable number OF bales
matter OF course, dior widely according the opinions
OF those making them. Critical authorities, whose
vris nal estimate was million ~ OF bales
sanguine that tho crop will reach million and half
two millions of bales In some districts II
represented that not more than ono fourth OF
Tho former will be put under cultivation,
and In others from third TO half; but In Tennessee
aud Texas expected that the placed under Guilt
walton VIII at least equal that Of any former There
is lack Of harmony reported between employers and
labocrs instances and intending planters have,
said made sacrifices escape from their plantations
rather than struggle with the difficulties Of reorganzs.
ton Political reconstruction arily procede
che perfect reorganization Of the labor system OF the
South full development OF agricultural
and the restoration Of southern credit and tue
that great work Is perfected the the cotton trade
will rcfum' Its colossal proportions and the wealth OF
the South be made tributary TO the resumption Of specie
payments Bankers bills on England at sixty days
closed at 1885,
The money market worked gradually easier during the
week and on Saturday loans IN many casrs made
At Fix pcr cent mixed colaen hourh the regular
rate remains at seven The demand from the Stock En-
change has increased In proportion TO the volume OF
business but the supply offered at call has been
than adequate 10 meet II, and unemployed bal
snoes have been lent IN some cases at i've
per cent In the discount line the supply Of FIRST class
paper has been limited, and rated at per
cont but inferior grades have been growing less in favor
owing to the declining markets for dry goods and all
description Of merchandise, we'll most kinds Of
produce and the dss the part Of lenders thereby
Induced The recent sales by auction OF foreign dry
goods have undoubtedly been made at loss To the i'm
porters There strong pressure TO sell among the job
bcrs and the these and the importers lack Of
confidence In the market sustaining Itself the the
country dealers hold back from buying. Meanwhile the
stocks OF both foreign and domestic MANUFACTURES
accumulsnng rapidly. The mills are running on fun
time and the aggregate supply WILL it considered be
h excess Of any probable demand for considerable time
10 come with the gradual recovery Of the gold pre-
MUM however tho dry good, alike with all other mar.
kets. will be likely 10 assume nrmor tone and then
thoss who are now deferring their purchases will be
Nser 10 buy at higher prices Continued and prolonged
bao In the money market may be looked for, because
DE government cannot afford 10 have g otherwise
70 long as Il has Sis, ooo 900 Of Temporary depQsts
liable 70 be called for within ten days and In the case OF
tvsalY aYs nnlons 0f clssnHs House certificates on