The New York herald., 1866-05-28

e. Vo0a[
Tuesday .!Sa !1SSSSx
wednesday y..,..................!S .!SS SSoZ
1anursaay.'.'. - 3scn
Friday. 10y
Saturday........... ...........iSV54 100
The supply Of coin for delivery throughout in
Of the demand and from per cent to 10 per
diem generally paid for carrying. a1 IL.
Tho shipments Of the week from New York and Bos-
ton aggregated $ll,354 $40 Of which s5l7l, 400 was
exported Wednesday and So 61s3,374 on Saturday.
The exports for tho week ending April q and subse
qucny have amounted $22 sos 78l. Had it not been
for the government sales the shipments would have
been smaller and the premium lower, and the policy Of
the Treasury in this respect has been severely anmad
verted upon. Gold much any other commodity
should be left to the operation Of the natural laws Of
supply and demand, and the reckless course OF the
Treasury in seeking TO control it by sacrificing the
means by which 1t hoped to the end, reflects
unfavorably upon the judgment and foresight Of
those concerned The encroachng tide cannot be kept
back by broom; neither beyond certain point the
government under adverse foreign exchanges control
the price check the export Of gold during period Of
suspension Ike the present.
The money market Is rapidly recovering from the ef.
feet OF the Treasury blunder; and the Treasury ITSELF II
Is right to say, has done its best to allay the
monetary disturbance Its acts had created, by
facilitating the payments for the gold by the banks
and offering to take year certificates compound
interest par and interest inead Of currency
also by waving the usual ten days. notice Of the with
drawal OF temporary deposits and calling in for redemp
tion all the year certificates of ndebe edness dated
in June, July or August 1854 The interest on these
will cease after Thursday the 3st inst, and the Secre
tary OF tho Treasury has instructed Mr. Van Dyck the
sub Treasurer to cash them In this city,
thus saving tho holders the delay which would
be Involved in their transmission to Washington. About
six millions and quarter Of tho temporary loan upon
which the ten days notice waived paid Oh last
week. and the balance In tho Of
bus sness Saturday Lad been reduced Sill AIT
Loans were made At per after Tuesday but
on Saturday there Was excess II capital Offering at
this rate and tho prospect favors extremely easy
money market at per cent before the present
expires.
The stock market developed great recuperatve power
ON Friday, aud prices average recovered the de-
cline they had undergone; and tho Lsndon
of the 18th instant reached here Saturday
buy, stimulated BY the increased abundance Of mon y,
intensified and prices advanced from TO five per
cent thro ghout the railway list Cleveland and Pitts
burg. Fort Way ne, Michigan Southern, Reading and Now
York Central the most buoyant, and esne.
cialIy the first mentioned which closed strong
at 81, evident sign that Is being cornered by
some OF the pirates Of the street, who intend 10 wreak
thor vengealce upon the ''shors" At quarter past
I'VE yesterday afternoon the entire Market Fro ex
cepted closed with very firm tone, quotations being
as sfollows-New York Central at 95s< u, Err 67A
Hudson River ll3 u, Reading 1lOX a V. M'ch,gan
Southern 79I x, Cleveland aud Pt,spury %, Rock Is
land a3jk e4, Northwestern 2s1s H-prcicrred 5sk
a Il, Fort Wayne OF 4, Canton 80 a u, Cumberland
45ll 10, Quicksilver So 81
All the indications favorable 70 q period
Of active speculation and much higher prices,
especially as concerns the Western stocks The
advance Of the gold premium, tho large earnings of
nearly all the leading AMI the restoration Of the
briefly interrupted monetary ease which but be
proong d, will each add tire 10 the flame Of specula ion
the sto ESchangc, while just now the bulls have
important uncovered 'short interest to aid them in
the upward movement
Government gold bearing stocks were depressed
early in the week by the news OF tue panic
in England and Gveweniles declined l5S per cent?
but subsequently they improved and Saturday bc.
came strong, and fveweniies of 1862 sold at 1O,ss
against l0o on Wednesday. The amount OF bonds thus
far returned does not appear to have bcen large.
Foreign exchange unsettled by the state OF aars
abroad and there very little business done any
but bills at short sight, tho rate for which England
steady a, about Ill, while bills sixty days were
quoted at l0e1s u, closing at 109iS With tho
news that the Bank Of England had advanced its rate
TO twelve per cent for loans public stock although It's
discount rate remained at ten and IL had not avaed
itself OF the permission Of the government 10 exceed
the limits OF Its charter by increasing Its circulation
the rate for sight bas advanced " Bills ON raris
at sixty days closed nomnay at 5I2k 5I3I; three
days 5.sA sax OF Hamburg. 81 a u; on Amster-
dam, AK ~; on Frankfort, ~; Bremen 7ssl so;
on Berlin 7Jt AZ The panic having subsidized In
England tho authority to infringe the Bank Charter
will doubtess b, Withdrawn II evidently given 100
late 10 be Of any material In averting disaster
Tho restrictions imposed upon the Bank OF England are
source Of danger 70 the country In times Of panic and
will be well whom Sir Robert Pecls act Of Is44 re-
pealed and the circulation Of the Bank rendered more
elastic great influx Of money into the banks Is GER
tain 10 attend tho return OF confidence, and
new period Of speculation will sprng up
from the ruins OF the old After the panic
Of ls47 the csee OF tho Bank Of England increased
from fii'e7ao to in the space Of couple Of
mon'hs and after the panic OF 1857 rose from |
AVo''io TO 1's2o,o5o within six weeks; and history,
IN 'h as In most cases, Is likely to repeat ITSELF
1he merchandise and produce markets were unsettled
oy the foreign news, tho rise Of gold and arprchens ons
rs'ns 70 domestic monetary afairs but nj the close
connd nee had returned and prices were wc
AZ slight advance upon the previous week
Cotton was particularly buoyant In antlcipauon of n
snort crop and advanced 6a o cents per pound Tho |
receipts at all tho ports during the week ea o,
about nineteen thousand bales while the exports wore
about twenty nve thousand bales The stock nj all ,e
ports Norm and south. a, the present time Is estimated
at <Oo, 100 bales What will be the extent Of the ,s,
cropf s the great question with specuia,ers I'm ,bs
staple.
Government securities were quoted on each sa,urs.v
a. tha tsost four cls fall. |