New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-06-05

Of them carrying their aversion far as to make
them prefer to carry past due compound notes rather
than national bank notes. What with paying coyl
pounds due in June, July and August, and disb urs-
ING the interest on the compounds in June and Julv
and collecting the income tax the Treasury PROMISES
to be felt in the money market as sensbYas at any
time during the Rebellion, with this difference: Dur
ing the war it was the creator of currency
tho purchaser for everything. ard the great
employer OF labor througlosS the coun-
try. It's whole operations were stimulating
end unnatural. 1t is now moving in reverse direc
ton steadily withdrawing thescuTency it fro ely
issued and by this process reducing the market value
of the entire property of the country The processes
of nature through the promise of an abundant CROP
are helping prices down, and the unwelcome fact is
apparent that the debts the past to be paid by
the proceeds of crops selling at daily declining prices
While the profits of trade and the property of pro-
dncers are thus being reduced in market value the
Government steadily regains from the labor of the
country taxes to Ethe extent of $500 Co., 600
10 pay interest and ordinary expenses.
With good crop of cereals, cotton, and farm pro-
duce there follows naturally cheaper labor cheaper
manufactures, and general return from the gam
bling which has attended all business for the past
six years TO the moderate profits which reward COM
mercial pursuits in ordinary times. The process is
one which, though healthy, will surely change the
names of many commercial houses, and sweep off
mu titude of traders.
The National Banks make, on July l, their regular
quarterly statements to the Controller With each
quarterly period for some time there viii be o de-
creasing number of banks to report,
Exchange is quoted as follows: London, 60 days.
i10s; sight 11Os; London, prime commercial, 1O9l@
1905; Paris, long, 5l2l short, 51O Antwerp. 5150
b.12l; Swiss. 5150512l; Hamburg, 36l Amsterdam
frankfort 412I141A. Rremeu 5Q2 Berlin 72IGD
ri.
In Freights, the engagements to Liverpool per
steamer, 100 bales Cotton at 7-S2d.; 500 boxes
Cheese at 2Os. To London. 400 hhds. Tobacco at COS
To Glasgow per steamer 1OOhhds Tobacco at 27s Cd,
and 1900 BUSH Peas at Id. To Bristol, 1900 bbls.
Oil Cake at EOS.
The business Of the SubTreasury was: Receipts
for Customs, $4,000; for Gold Notes. 1921 600;
Total Receipts. s9,725,1 &c. Total Payments,
se0O7s1 Ga; Balance, $l2G,SO4,11S so.
The Commercial Adretiser says
private dispatch from Washington reports the follow
ig changes in the condition Of the public debt shown
By statement of June compared with that of May
s sYetg t6iIties Dec Dec S70SS0SS
COMPOUND notes tc Dec ICSS 0So0
United states notes Dec l'o0oOO
Sci nont of oii; in the Treasury is stated at ooo
co. and of currency at S7OoO0O against SS3oOOoO ON
May II this last tem showing an increase OF so0OCO
Of the money market is readily accounted for.
The Michigan Southern Road cared the 4th week
iu May:
Gs27 1866 .....s145471 Decrease S2o94
The whole month shows loss of $4,000, and the
net income at present is not sufficient to pay the in
terest on the bonded debt.
The Rock Island Road earned the fourth week in
May:
lSeis62.7e0 1866 s1OOo61 Decrease 192
The whole month shows decrease of $53,l9.
Earnings of the Detroit and Milwaukee Railroad
for the week ending May 60:
49S 1866. .SS345s Decrease
The following is a statement OF coal transported ON
the Delaware and Hudson Canal for the week end