, 1870-05-27

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The foregoing only ahows the amount Of e1-
ports OF the nine principal articles, footing up
an aggregate Of a2l0, ,SO0, 900 in currency. The
total exports Of ait domestic products during
the seven mpnths, arc Eiven At 1905. III, ,153 in
gold, and, il We estimate the average price OF
gold during that seven months 1t 1870, it would
sss ths poses ssts ss ass e ~ d.
this gross amount, the exports Of
the nine principal articles given above con-
Pr cenLI Per cent
Wheat and nour...i3 flfe AIMS. .......... X
TeSseos ......:...... . aops............ -.
The foregoing make p ReF cent cent Of ; o1r total
cept, perhaps, corn) being in smaller proper
tons.
New Orleans is looking after the grain
trade Of the Northwest, and committee OF
her Chamber Of Commerce we're appointed
some time ago to inquire into the best
method OF securing share Of it. The COM
mittee, after considerable deliberation, re-
turned the following encouraging report, viz:
That if q canal twenty miles long wero made
from the Mississippi River into Barr1taria
Day, with railway track and locomotives on
either eide Of the canal, for towing vessels in
to he lowed hundred 1nilcs up to Now
Orleans from the mouth Of the river and back,
at cost Of over 5000, and il the Mississippi
River we're shortened -FOUR hundred
miles by system OF "cut-oIs" such ns
vas attempted At yiek.sba1g during the var;
able vessels to carry wheat from Cairo to
Liverpool for ten cents a bushe1, or there
abouts, New Orleans might secure the grain
trade OF the Northwest The canal, to avoid
tie oxpensivo hundred miles OF towage, ia
what New Orlaans, as one Of The greatest cot
-4n 1F I, ,rr4l ahn tAy ha1 a
dozen years ago; but shortening the Nissis-
sipri four hundred miles is what might be
called tsneat little job" and If the pros
poets Of New Orleans for getting any of tho
grain trade Of the Northwest depend upon it's
accomplishment ahe may as well hang up
her fiddle"
The money market continues to ahow signs
Of increasing activity, the revival in The de-
rnand coming from almost all departments Of
trade. The banks still have plenty to accom-
nodate all firrt-class customers, and are taking
about all the first~class paper offered. In the
been advanced, and, instead Of being offered
freely at 10 per cent per annum, a. it was
three weeks ago, lenders are demanding par
The 1ow Of currency to the country, which
is the cause Of the change that has been
experienced in the money market during
tbe past two or three weeks, contin-
ucs in somewhat diminished volume,
and viii probably be the means Of making the
money market work closer than at present
some time during the next week. At best,
however, il can Be only temporary, as even
now bankers are anticipating tho stagnation
that usually takes place in June, and come Of
them arc buying Bonds at present prices to
hold over until they get the July interest:
Exchange continues weak at from 25 to so
per cent peg Fl 900 discount, the demand for
currency, as well as the incroase Of produce
hills on the market, being the elements Of
weakness in the price. At the counter, bank
e1s bnr at Lilo discount, and sell at par. Duf-
1alo Lils s1e taken at Il of, and Oswego billsat
At the Stock Board to-day gales were:
5000 American gold at.. 11s
5000 American gold at. ..1l4A
The following bids for and offers Of local
stocks we're also madc:
.......-.. Ria Astx5