New-York tribune., 1881-03-28
JupROVING MARKETS.

With reason or without, the business inter
ests of the country were nearly united In re-
gordinU an extra session of Congress at this
time with apprehension. At the beginning OF
the past week, there was general belief tlat
an extra session would be called. AS the
markets are usually oveT-hasty IN trying to
discount any future event, the tendency to de-
preston in business was general. Toward the
close Of the week it became known in this city
that the probabilities had changed, with the
oninions of several of the Presidents advisers.
Some imprOv in tone was at once per-
ceptible, which the official declaration OF tine
Presidents decision is likely to confirm. The
different markets may then be expected TO
adiust themselves, each to its proper and
natural conditions, being free at last, for Il
time. from the legislative aud political influ-
ences which have so long continued to disturb
them. Before long, however, the preparations
of the Treasury for the payment OF bonds
abont TO mature will begin to have powerful
influence upon the markets. aud that influence
should be decidedly favorable unless the plans
edopted should be Unexpectedly unwise.
The most powerful of immediate influences
ia the rapid movement of specie from Europe.
The effect as yet, is mainly negativej the
strincency in money has been prevented,
which many expected at the close of this
month. But tho larger effect Will be felt
when the April payments are made, and the
money thus employed flows back again to
commercial centres. The imports of gold last
week. moreover, though So, 149, 86S IN amount,
nave rot vet been felt in bank balances, much
lcss in the bank statement. The payments by
the Assay Office amounted to only $633,377,
ord this is about the sum which arrived on
Saturday, tho 19th but was not included IN
the report of that week. The imported gold
which arrived on Wednesday and Friday will
On into the banks early this week. The inn
morris last week were much the largest of the
veor thus far, and make the aggregate at this
MORT S1O,O47,0 ,044 in gold (besides about
1900. 900 III silver, against only 81, LOG, All
IN oold to the same date last year. The ex-
ports of gold have been only $118,210,
aoainst S1,O35,333 to date last year. At
Ieast 81 5000 more in gold, now on its
wav. should arrive before the end of the
month. and considerable shipments are reported
TO arrive early in April.
All fear of stringeucy in money is over.
Thongh the banks reported loss of
Al .3s3, 100 in specie, and surplus reserve
Of only 81, ,708,775, it is well known that the
cold already here will more than meet all
further demands for the April settlements.
Indeed. as was anticipated some weeks ago.
those demands have proved smaller this year
than ever before, not because the payments
70 be made are small but because the supply
of money in other parts Of the country is
large beyond all precedent Since the 18th
of February, the week before the disturbance
began, the specie held by the Treasury and
the banks has increased S10,263, $40, while
only $500, 600 has been received from the
mint, and the decrease in leRal-tenders held
by the Treasury aud banks has been only
So, ,7s5, 1874, so that the actual outflow of both
kinds of money during the past six weeks
has been only $1,O22,244 To-day will cOm-
mence the prepayment of $7,385, $50 quarterly
interest on the four per cents, which will re-
turn to the market more than the $4,000, 900
which the Treasury has absorbed from it dur
ing the past week.
The condition Of foreign trade continues to
promise additional supplies Of foreign gold.