The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-05

during the week wcre:-
Monday. ..............."........ 137h t36H
tuesday ...-....'....-.'...s.... lol l3o1s
WEDNESDAY .......s.... ............ ldI l5oA
Thursday. .................. 1861 1919
ffaay ..-............-.......... IJ1b 1921
c~turuay ..........-............... 1914 1914
Foreign exchange dull but moderately firm under
q hight supply Of cotton and local commercial bills
Bankers' bills England quoted the close at
losk . a, three days 1923 y, commercial 107k
nos, francs dong datel 40 525, short date 5l3Z
box, bills Antwerp 6.25 a 62lZ Hamburg 80
A. Frankfort soA Z, Bremen rs a a. Swiss bills
b22S 62IK, Prussian thaes II AZ.
The money marke, has been throughout easy at
per for call loans. with EXCEPTIONS chiefly gov
eminent securities at six The Sub Treasury disburse-
men,s and drain from the Westward increasing the
supply Of oanable funds ai this centre The discount
line has been quiet per for nrst class
mercal paper
There has been dun and declining market In the dry
goods trade during the week. and at one time semi
panic like Of feeling prevailed The stocks held
By importers and obbers have become very large and
buyers holding on IN anticipation Of stil lower
prices A. the close, however there a steader feel
ing exhibited and when n that prices have touch
cd their point thee will be rush Of country deal
en buy and quick reaction will be the result The
lmporaions Of late have been enormous and In excess
Of the current demand The foreign sold valuation Of
The total landed at this por, during the four
weeks ending with February only srIne short
Of seventeen millions ef dollars si6 Toi s7s whereas
Cor the period last year the amount less than
four millions (ss eeol and In lse3 only 90 o27 ss7
Tue total entered nj port the LIST Of January
and the ia of narh had aggregate value Of
ss2s7o,eop against only ss.o7s s5s In the two cores
ponding months of isss and $40 2S7 oas IN isea The
probability that these heavy imporsations win 90 far
Klut the market material reduction IN the
49, A.
reason A,yrshend panic IN ne trade although there
n lille doabs that sales VIII be made IN
Some Instances a ioss 20 the importer
Wills 90 have been importing the manufactured
article thus largely, have been onssttng The enecs
upon our foreign exchanges ny shipments % The rae
material 70 . great sxirut osherwze would b. COZ
psed 70 pay wide differences IN specie; and even - 70
A. there mu<i b. . oontnaed hr.k expors movement IN
cotton fully oa-ss tho effect a. import trAsa We
Imported 81 THIS pors between isi Of January and
the 2sd of February 70 the am~-.s % more than forty
seven millions o. dollars In soid v~iue, exclusive q
freight charges and customs duties and exported
exclusive % specie ths value % iiste than
thirty ave millious IN currency value Much q ths
cotton exported. however, goes drect 10 Europe
from the Southern porss but the bills drawn
against have their et upon the marksi for exchanges
hero Tho receipts Of late al New Orleans and Mobile
have shown steady although M, heavy decline. and
market hsre The receipts 81 the Atlantic ports s,
estimated si about ten ihoasans bales per week The
total receipts all the ports since the close Of the
src estimated ID million hundrcd and seventy
thousand hales The receipts IN this city the veek
ending Friday last returned at es7s bales, ana
che exports for the week ending February ~ Il am
bales
Al the petroleum and mining board considerable bus
done In Colorado and other gold sOeks such
o. smith Parmlee and Consolidated Gregory, and this
revival Of activity them mainly attributable 10 thsr
improved prospects consequent upon the adoption Of de-
suiphurixng processes, which. although new 10 this
sounly have been long successfully employed Europe
BY these the 'tangs''-,he refuse nom which IA
been stamped-hnhuto regarded worthless can be
turned profitable account oil the metal remaining
them being extracted In the furnace through which
they passed Tue 'Iyonp process IA that
most generally known, owing 70 . gentleman
Of that name having established furnaces Cor
The purpose 81 Black Hawk, Colombo, and
there 10 . large cake of metal, weighing one hundred
and nay pounds and valued ~ ti,ioo IN coin,
The Presidents II The Rank Of North America In
this city, obtained by hts dessiphurrng proces for
which mag mention there h patent the discovery
- mentioned being old The cake referred 10
IL In the state In which from the furnace an ID.
mixture Of gold and svc and the latter prcponde>ses
% largely In wcsxht although light In value that
experienced eye might be led Into the Of suppo~ns
II silver The desuphurixins process 10 likely to b.
adopted speedily by ell gold mining companies - n
cures an absolute freedom from and largely
increase the yield Of Tho precious me,ax In this Ugh,
therefore, 10 opens . nov era In The minins
history OF the United staie-: but ho~ FAR
The incrsassd ains from this viii be Offset BY -
ditionai expenditures has yet 10 b. fully tested
In this connection the following estimates recently
put forward Of the yield Of gold and silver during the
eighteen years extending from is<s 10 ises may be
quoted The total production OF gold al The World
during that period valued s 60 The
average n,e Of slss. sss per annan The weight of
che whole would be olS7 TONS nineen,hs ane s<2
tons svordupois OF nne gold equal 10 so- tons ~
mum Tho silver product Of the period valued
n o. Gao 200 90, ~ The average rae q go on IN
The weight Of this nine tenths nne would BE- a. f tons
or ose tons pure silver equal issa yes orn
che proportion Of about eight tons of silver 70 one q sid
should the yield Of precious nessn continue ca ths
scaie Tor long time 10 como, probable. the value
1.-THE precious metals will be slightly lowered In propor
Ton 70 the aud chsapnes with which they con bs
Mined and they viii enter Into general In The
ara and manufacturer Already an immense stimulus
ha boon given In thn dirccton tho discover,ss N
osomia and AussraiiA and the increased demand fos
oo~ purposes than coinage has 70 large czssns css
sae scresssd supply; and the prediction u chsvssss
snss His would In Tina maize silver shs n,sss valuable
'aiv q the Two. and thereby dsrangs cur slAnd-
values, Is likely ssvss 70 b REALISED Zoe ne To-
sne incrssssd suppiy a gold kas hsd 10 -
prscaps easc upon Ne vsIus yss In rotation 70 aivsr
""s sssvscs 70 The rumorsd amalwmasisn q NE
Wsssn unAoe end the United ssAsss fslsuupA Com
nss@ ne kochssssr Ustss q rhursdsy iass s>yss-
be- beea announced that terms Of consolidation nsA
Uuios "a DATED Sesss rsisusph Conpsa,ss By WHEN
eeanuo1 ~ ~ &rscsosp. the nnss q Ne too ssu.
lenss 49, - s1aeas1 b oes M dirscsou q ~
~ ~ - niehs ed his morning and viii rspsr Tits
nesoseaoa nsseana u Ne Beard he result q NE