New-York tribune., 1867-10-07

in calling for more lrreueemaDle currency ~ sayS
Tn the present trade demand for currency we believe
the secretary will make mistake, he did In August
as well for his position before Congress at te ehs
Inanson besides again stutfyng his Boston
letter Of last Summer We apprelend that Congress wiz
come together I'm temper prompted by the urgent de-
mands o he west for more circulation only disposed
to add to the volume OF National Bank Currency now
limited to s9Oo 100000 b 10 rererse ne contraction g me
Greenback Cureney and the spectators in gold 1t Is not
improbable may soon be found ac'ns upon ths coh'e
Repudiators will learn at an early period after
Congress meets that the policy OF "Micawber" VIII
not be ITS rule of action 1t will declare its intention
to pay the National debt in coin at maturity, and
spurn alike the idea of using any more irredeemabe
due bills or of allowing the National Banks to in
crease the issue of irredeemabe PROMISES What the
country needs is less not more currency Livery dol
lar outstanding which cannot be redeeneo III goid
an e,cess and the sooner it is Cancelled by funding,
the better. The buying power of goid dollar Is
now forty five per cent greater than that OF paper
dollar, and National sovency can only DC a''eu ny
making their buying power equal in making paper
dollar redeemabe in gold.
The Chicago, Rock Island and Paclhc Raiiroao
have declared o semi-annnal dividend OF u cent
The total imports at New-York for the week COLL
pare rs follows:
prv Goods Esst d' ssse5 Ds 81 ;Rs ss .scss
Gen. mchandise.. 2i79,2o 22522i2 2S0O,1lo 1fo.ol.
Total. .No25,4o2 a,lll,SOs ss72s,fl5 s,5S9,5Ss
The Ncw-York imports of foreign dry goods COM
pare as follows: ,,o-
For G< W.s 1ss5; .Iss5s:s 1s6e: ,,1ssi;s lsez;
Entered at 1hs port SI SssS SSsScS iscSsis
niS% s%% % isSs. ises 50 3, .7,,s isSn; Il,
Thrown on market. 629O6,695 l0lG99i23 7V5'J'o'
The Bank Statement will showa decrease in loans
of sOOOOOO of deposits $36Oo0O0, of specie slOooo
and an increase in Legal Tenders of sSGOOOO, and In
circulation $4,000.
The earnings of the Western Union Railroad Com
pany for the week ending September 30 1867, were
1867 s3753s rs 1866 4.4o1 OF TncreasesSiS2 81
The Cincinnati Gazette of Friday says:
The demand for money continues active for mercantile
purposes and drafts made on the repositories by
the Treasury Department to-day with notice OF furner
proVinS and although the general tendency Is toward
coseness, there Is still capital enough 10 take an nrst
class q" short Gs s soed eTSane r paper is plenty
IL per cent and call loans are made az vow PEI ce'
approved collaterals.
The Chicago Republican of Thursday says:
There is no falling off in the demand for money butthe
Applications for Ioans are Increasing and the market is
working closer There further drafts from the
country for currency and some OF the national Dahk
which are depostorce for Government funds were also
drawn upon This has caused further reduction In the
supply Of currency. Tho bankers are ANTICIPATING a
stringent market and In some cases limiting thslr
fayors to depoor or those to whom tnsy h are o
change has yet made Depostors are supplied at 10
per cent but the leading figure in the open market ior
unexceptonable is IL per cent, and good conner
cal paper rated at 205 per cent The Applications
are chiefly for regular business purposes and the dlner
ent branches OF trade are well represented There
very little long dated paper Offering the demand being
chiefly for short accommodations
The Miners journal Of Saturday says:
The 1uantty Of coal sent by railroad this week Is
s0320 Il by canal 5Jfor the week l030l OI tus
against 73l for the corresponding week last year
We have change 10 note in the trade. The demand
sll exhibits nm Improvement, but at prices not re
mineraye TO operators. The trade sums up tins week
as follows, compared with last year.
--1SG6.-) -ISo7.--N
Week Total Week Total
23l224 ?,Soi.505... 2o5,sl2 s,357,oS9
9,3jTs31 2Jl,22t