New-York tribune., 1867-09-19


and Toledo road to the Cleveland Panesvie and Ash
tabula The meetings have little public Importance,
and the whole affair is simply piece OF railway
strategy. of which "a good thing" is to be made by
the manipulators. - -
Tho following elbows tho exports Exclusive OF spe-
che, from New-York to foreign ports, for the week
ending Sept H. and since the beginning OF the year
Eqs,Sasy Eqs tns ys9s Exported SI ss
Since January l. sil.2oi.ass slss,sSoco7 eiaoia6sl'
The Chicago and North Western Road earned the
second week in September: ...,
1866 i73 Il .Si76I2 IS a
The Chicago and Rock Island Road earned the sec
ond week in September:
1866 ss9,5i2 1867 f22ocoi lnc...'-...'sSio'
W.P Wright says Of cotton:
Complaints OF rain from some sections continue TO %
received but the injury docs not seem TO De b
rating broad o the condition OF the crop over t
whole OF the cotton growing region the promise IS goou
for liberal yield Two millions and half OF bales con
tlnes 10 lie about the prevalent estimate, snDcct 70 n
crease or decrease Developments occur The reeeps
for tho first week in this season amount " too prs, @
AGAINST 5000 the same time last by Telegraph We
learn they sghy increasing though sne yeoW IN wr
which OSr, % reald 10 re This
cause however may expedite them 10 the poi.s ~ & sno
Atlantic The exports are Sonea 70 hes gs,nst so
last year With the large stock OF cotton ID LVeipoo, &
light stock here and the slight h sS VIII be-
comparatively small for some time 10 COME
The London Economist thus alludcs to the low rate
of interest in EDgland
Cheap as money Is. no one who knows the marKce f1
doubts that II IS likely to befor time as cheap Inc
accumulation Of gold In the bank the scarcity oI gOoa
bills the want Of and energy In the trading world
are conclusive How long 1t VIII continue 60 no
wise man will prophecy The Economist publishes tDie
showing the course OF the rate OF discount for some Time
sreon 9 con.e"Udnt on Isi lasted iii the Of
s5 but that the depression following upon 1857 WAS esS
severe much shorter, and only lasted at most TIL inc
Autumn OF ls6O after which for months money was
very dear again But In both there there we're pc
cuiar circumstances which tended In the case OF oi W
make tho depression longer and in the case or 1897 10
make shorter Befoe the proper @ od
cries In California and AUSTRALIA hclped 10 cause
another. In s60 by series OF blunders the BANK o,
France ran down It's reserve 10 very 10" ponn az =,
forced p the rate discount both In Paris ana hefe 80
that neither period an exact precedent ior wnht We
have to expect The PANE nd on ISS SS, &
AS compared with ls47 1866 was probably less severe U
the mercantile classes and upon the nation In l4I tne
reyenue.yas far more impaired, and the number OF
strictly mercantile failures was much greater having
reference TO the magnitude OF trade NJ to t"o coie
pondng periods On the other hand In 1866 the pressure
the banking classes has been very Hucn gIsci, anu
pay upon those whose trade ana HE Is their ieu
as IL did We cannot undertake to prophesy In de-
tail readers but think no careful person can
look at the above figures and remember that bullion Ill
the bank il now R2374O0 much greater than at any
OF the dates above given without feeling sure that money
likely be cheap for many months 10 come W icass
After that we must try spell out each new cause as IL
arises AS money becoming cheaper that not popa
BILE; the bank would rather lose than gain In pront Dy
and would not get eighth bills. and without
some action the part OF tho bank the outer market
likely TO remain much as 1t Is
Lehigh Canal coal trade for the week ending