The New York herald., 1866-09-17

The supply OF coin for delivery WAS easy sud loans
made from 332 per ccai r-r dem in favor os the
lander 10 sfaL" Tho demand for castoms duties az
this port aggregated s30o7 600 while the payment Of
con OF the sub-Treasary interest on the pubic
deot wa s2o2 900 OF tho slo7 500 OF specie exported
f1As 6Oe III silver bars aud coin The total export
coin and bullion from this pors and Boston since the
beginning OF Nay amounts TO $sl,a5s iss Tho recen.
and prospective por aons or foreign coin wi far
been advised, aggregate about SIX millions Of
doIlsrs How much gold will be shipped 10 us this
year from Elrops no one can tell; but probably very
little indeed. Even such shipments are unpron;
able, owing 70 tho advance in the rates OF
change; and unss the shippers Of the gold
bought their exchange before IL rose above loois,
tho operation cannot TAIL 70 involve then IN losS-
Had It not Tor the unusual and cx,reme depression
NJ for exchange these foreign shipments OF
coin would no, have bccn madc The cause Of this de
PRECISION lay the syy shipments Of avetweniies
speculation and otherwise, which immediately followed
rle termination Of the war In Earope The supply OF
hills from this flooded the market aud reduced
bNnkere' sixty days bills England 20 100, notwlth.
standing the balance OF trade l. largely against
us, aud that therc Is mercantile "short"
Interest Ia the geld market OF probably thirty
millions OF dollars Tho condition Of exchanges
wholly abnormal, owing TO the export,
ot securities which, for tho time beng, reversed the
natural order Of Things There was double incentive
to ship gold from tho other sic for loanng
= rer cent day in Wall street for weeks iogcthsr
and with exchange low and gold u would
hare been surprising II We bad not imported gold Who
would not send from Europe New York n shcre
reasonable prospect OF making in,cfcs.
by lonnng ~ There were parties, doubtless, who
caused gold be here for the sake u lcanng
out from day TO day The shippers Of fvc-twentss
dercd proceeds TO be reurned 10 them coin,
ing profit In doing At the rates OF exchange
insr currsn,, and so endeavorcd 70 MAKO
. profit in both Ways Tho telegraph facilitated her
operations At tho time that 4 enabled merchants
bankers and Others instances TO establish credit
abroad without coming into the exchange market TO
suy bills With the arrival OF portion Of this gold
Gre the demand for bills suddenly increased and the
rates rose iu sympathy 10 point which VIII rends'
il.',re shipments Improbable
-sat the balance Of trade Is heavily ssnr' y ~
rstus ot this port sunicisnty shc~ "li' w io'cs"
mpotsons from tno Of January TO the is' OF sep
smbe OF tho euren year were valued al 80 - $40
in spess. me exports to foreign ports exclusive Of
.pccic from the Is, OF January 70 the 9Th
inst were valued only si37,l6s,sa2 In
currency 70 argue. therefore, that these shipments OF
gold likely eouunre 70 an etcut which will 10 Of
ms,ersl as5lstancs . resurning specie pymona
stc osetfaie ther Importance and u regard slccas-
tire srd sporadic movement Ia ,hs ughs Of napraI
ope,a,,ou o, trade. Moreover, cannot always NY
or~n steady demand TO- bonds sorcad, aud thes
sx2oFt a. ,yos the contingency uf their return
The foreign .xseangc --.s a.l 90 satur,sv
and bankers, bis England s,,y uays wv,. ouo, "a
"A lo7 Y, sho~ sight los The advance Of the weck :,
been, equal about one per cen' This has stimulated
a. ,rite extent the export Of cotton the total Tor the
sr sJm all the pors having been IL, ,s7i bacs while
-. escspts we're only ssto bales The total stock,
.ssh South, according TO the latest esamsiss ID
$50 $50 bales The advices from the se.sh respecting
ms new crop are not very favorable. cad some Of Tue
pisassp escape disappointment will be eecaase ccy
havs sc.ed On ,As princIpI, embodied in shs nasin
'Doar count ysur ohIckess before they arc haiohed
ms stock marsst es-sed firm on Saturday sftcrnoos
Ne ssdsrmsn,Iorsl quotations Erie 'sx ~ ssv
Sork csnira, iosk Az. Hudson River i2ix ia
Beading ms . X, Michigan southern ssksh o,,,.
tzna and pussbus ssk Y. Book tsAnd loak - -