New-York tribune., 1867-07-24

with reasonable safety make an expansion on cal
loans until capital is neededrtO the crops, and
they seem disposed TO take this course.
The following are the quotations of Exchange: Lon
don nj 60 days 11OsO110 do. sight, l1Os1lO9 Paris
long, 512305.114; do. short, 5.1laG5Css; Antwerp
51GlG515; Swiss, 516l05.15; Hamburg, %s0SCs;
Amsterdam, 4.0Ha; Frankfort AZ Bremen, @97es;
Berlin, 72!072I.
In Freights the engagements to Liverpool are 4oO
hhds Tobacco on private terms, and per steamer
5000 BUSH Corn at 3d., and 400 bales Cotton at
I'd. To London, 20 bbls. ROsin at 2s 40 tuns Wood
at oOs.. 1000 bbls Flour at 1s Cd. 10 Hamburg,
1900 bbls Spirits Turpentine, and 200 bbls Petro-
leum at As Cd Norwegian bark to Cork for orders,
with 1000 qrs. Corn at 5s.
The transactions of the Sub Treasury to-day were
Receipts for Customs $6l4OoO; receipts for Gold
Notes $228OOO total receipts 81 ,7j7S6 S3; total
payments 1889 800 IS balance $132, ,221, $50 II.
The EXPORTS exclusive of specie, from the Port of
NewYorlx TO foreign ports for the week ending July
%, 1867, were $3,S92,S94.
Itisnow understood that the Treasury has deter
Mined and wisely, to pay the compound notes ma
turing in August TeserviDg the three per cent eert
tfcates until the time when, from the salesOf long
bonds customs duties and internal taxes, the cur
rency debt cannot be paid it natures. Congress,
that often apologies for non-contractiOn with the
Secretary is out of the way and the sooner the
sale of long bonds and the purchase of SO notes is
resumed, the better it will be for the solvent
portion of the people and fdr the Treasury.
While Walist. is in ferment, and call
loans GO begging at low rates, is the
Secretarys opportunity to force the payment of com
pounds and the funding of the debt falling due in
June and July 1868. This policy would intensity
the pressure impending when the crops are moved,
= l. oI,o o4a
would the crop to immediate SALE instead of remain
ing tho football of speculators as they would do
under an easy money money market The road
to specie payment never more clear than
at present, and nothing but culpable timdity
in the administration of tho finances can prevent
fall in gold, accompanied by steady disappearance
of the irFedeemable paper money under which the
country suffers. No man held the Treasury De-
partment who equals Mr.. McCulloch in his knowl-
edge of the financial evils under which all business
labors and of their remedy. 1t only remains TO be
seen whether he has the courage TO the power at
his command
The earnings of the Chicago and Northwestern
Road for the second week in June were:
1907 947 1866 S22sl 5000
Earnings of the Detroit and Milwaukee Railroad
for the week ending July IS:
1867 549 1866 $40 Increase. s5,I23
The following is the annual grain review of VIII
liam T. Coleman & Co, San Francisco:
SAN FRANCISCO June 2The close OF tho harvest year
1867 is an opportune 10 review the many vics
sudes that the grain trade OF this state underwent our
ing the interval The experience so acquired will be q
practical monitor for, future guidance. FIRST 10 may be
well to remind friends at distance that the climate
this coast is peculiar From November 10 April
the rainy seasons prevails, and during this time
the average rainfall amounts 70 about 22 inches.
The remaining seven months are almost wholly
barren Of rain but moisture from the sea, and
heavy nightdeWs 20 far 10 cOuDteract the effects
of uninterrupted sunshine Late in the dry season the
ground becomes so compact as TO render plOwing Inn
pOsshe till the first moisten the surface. This Is
the critical period Of the for farming Operaons for
If the wet be delayed the preparations OF the bus
bandman becomes cOTrespondingly retarded The
Winter OF exceedingly favorable for farming
operations the rainfall well distributed over the
period In our last circular gave few, figures TO
SHOW the result OF prOpitous season. aud We now
suppement by appendng extended statistics in fur
fhtT exemplraton The receipts this port Of grain
and OF California product during several years, are
detailed in the following table: