The New York Herald Newspaper, March 12, 1860, Page 9

ig : Hi il i i : F H H AH Ff ve F | fT i f 4 ke a E ‘Se 5 é d 8 ‘ H E EERE i | i i f j E es ile i il E i i 2 is i g EE i ze aE fe 4 BiH ii : E aEr ee i FE Ey. aff ae a i i 5 a ‘or the House of Commons to come, as it were, clusion, All he could do to consider well the great in- the question; they bad no right to horse for party or asa question on” which to fight, night after night, without dealiog with a definite object. (Hear, hear). The qnostion was treaty or budget. Suppose the government took the course ra- commended, aud bad gone through thetreaty, aud paszad resolutions, and recommended an address to the Crown, what would have been their position? They could not have gone into the detaiis of the treaty, and they would have been from considering ‘all tha propositions of the Chancellor of tho Exchequer—some 240 out of pro- bably 400 articlos. They would be shut out from consider- ing the treaty in bulk. They would have made no changes, and wold have shut out the House from the ex- ercige of ome of its mogt constitutional and valuable privi- leges and rights of examining seriatim every proposition that the Chancellor of the Exchequer laid’ before them. His notion, looking at the expediting of business, was, that they should go through the budget, accept what they could, and reject what they did not approve of. Doubtlese he might offer them many things they did not like, and there might be in the treaty, as in other things in life, that were good and bad, and thero- fore they might be induced to stretch a point had e thing chat was in the othe: hich legal gentlemen had called ‘the attention oi the House. Nothing could be more easy and rational than the ofeuch @course, He was afraid that honorable gentlemen opposite had no idea of the amount of inconvenience ana euffering which the pre- produced in the go ps but it ry Every opinion of the press, all had been in favor of the great change poise Fis asked honorable oe for the sake of party interests, not to be led astray. It was important for whole trade and commerce of the country that, this. question shouk! be epeadily eettled. When he met ny momber in private tho toue of ins discourse was—if these thing: are to be done, let us get them done. Ho ‘would no: argue, then, upon the provisions of the budges. He did not ehape his course 80 as to keep honorsbie gen- tlemen who now occupied it on the ministerial Dench, or ‘honorable gentiomen who occupied the opposition bensh, in their prevent position. If honorable gentiemen oppo- site lad courageously proposed a similar poloy, they ebould bave bad ag warm a support from him as could ! obtained by the present occupants of the Treasury benci. from an observation right honorable friend, the Secrotary of War, who, in Se the volunteer corps, 8aid they were apt to ik the best way wae to move in a loose order instead order. The it honorable geatlemsn, in- Sheed oft ta thas Hove order, indicated by’ the i i Fe it B 38 pe Phe BEsds q legislative sanction, and this retrenchment of the prorogative of the Crown is actually proposed and supported by the great conservative party. Taty Seda Spe Pea, Tonal uae re. eo thay a8 aa parts x ‘the treaty accept or condemn are mercial treaties, it is true, which require lative Fo OR, ey relate to the remielon duties, but they Chem every clause should be brought before the . # ‘ that sucn @ course would not be con- formabie to the constitution. Yet that is the proposition honorable gentlemen 5 g i he ‘tae acts of the Crowa ‘The tre! productions of country upon which there is to be no duty, and it states in the third articie that no cist hati be made on this treaty with regard to shipping; ig to say, that ship- ‘in 1860 is to remain lable to the same daties as ia is ‘That requires no ‘assent from this House. The French government aan no change, and no assent is necessary; yet the jorable gentleman requires that clause to be brought before this House end discussed. It ia perfectly competent for the houoradle mombor for treaty of commerco ving does not altef the shipping duties, and « resolution to that effect would put an end to tho treaty in a legitimate way; but to g0 into & treaty, g) if i | t i HH af i i : especially House. | find that im 1786 treaty was effected in which were mentioned several articles of considerable importance. Th» twenty-third article provided against the following articles as being considered contrabana, viz:—iron, lead, copper, pitch, coa', wbeat, barley and other kinds of grain, oro Visions-ser ving for food and subsisience; also, cordage, avers.) The right *| in if aes ie ut ipeanage ne iettet up! eel cil 5 ef I E g 38 ag tf i g F id as a 4 se 33 i : i H g £88 5 i EeEE Ps E § ae 5s 3! fi tie Hs i : et i # H b ik i i E i E rel nit France system in their country if they were not assured of recoiy- ing great advantages by these remissions ja Evgland. It is, therefore, the interest of the peopic in France, as well as ta this country, to see this treaty carried into effect. I ope with the houorable member for Birmingham that the great propositions involved iv the commercial treaty and the budget ought to have been met in some au:h way a the resolution proposed by the bonorable member for Fesex. Let there be a fair combat of the opposite priuci- ples set forth in the respective propositions, and let Par- Nament and the country. decide the contest. Heat, 188 hear.) Allusions have been made to the proceed! Mr. Fox. On two occasions Mr. Fox endsavored to form a treaty with Frauce. One of those atte, proved successful. In the first ij *ayc0 ry began with a resolution ssyiog whatever might be the jon of Parliageut in reg to peck the treaty with 108, that Parliament would justly re- pect the faith of the Crown; and the engagements which had been eniered into by the Crown should be inviolably adhered to by Parliament. (Hear, hear.) Now that was an honourable and constitutional course. "Ia the other in- stance, when a eel) ot commerce with France was con- sidered, as soon aa the House went into committee at the end of the first resolution proposed, Mr, Fox moved that the chairman should leave the chair, thereby pulilng a pegatine to the whole of the propositions which had beoa aidon the table by Mr. Pitt. That; too, was a fair and 8 manly course. His opponents, otherwise, would have de- been sucoesstul. Such constitution, unworthy of a party, and one to which Will never give ils assent, (Hane, Dag) Lord Patwurstox araurea the House that he would de- taine them buts very few minutes from the division at which he was sure they were anxious to arrive. Indeed, he should hardly bave thought it necessary to utter = word on the subject had it not been for the epeech of the right honorable gentleman who had just sat down. The Fre (‘*Ob, Ob,”? followed by , hear”’)—and by his noble friend the member for the city of London. (Derisive cheers.) He said « ty,”” for they bad torn the speeches on the other side to rags. (Laughter and ‘Hear, pear.) ‘The right honorabie gentleman had not & to stan upon. (Laughter.) Exther he pro- posed what was pertectly unconstitutional or ho - posed what the government had announced intention to carry out. If he meant that the govern- ment ought to go, article by article, through the treaty, and give the House a parliamentary explana- tion of exch, the cxecution of which rosted on the Crown. such proceeding would be fundamentally unconstitutional. Treattea formed by the Crown, and con! Stipulations which the Crown was competent to fulfil, or i indeed would pot require the approval or disapproval of Varliament in the aggregate, were no: treaties which con- atituticnally this House could deal with article by article. To maintain such cppomien would be, as his friend had sated, to place Us House in the condition of the Sena'e of the United States, which had the power of ratifying, the power of allering, which was one of the executive powers in the State, and'not simply a leginative assembly. It would ba fundamentally at variance with the estabdlizhed prin siples of the constitution, and wonld form — most dangerous pre- cedent, if the House was to take upon itself to go, article by article, into those parts of the troaty whish require no enactment Crown Mains intimated dissent. ‘Lord Patwexston provesded—Those who followed him, speaking on the other side, actvality supported the very Honge to go into commiltee. This was, indeed, the fair and Conatitutional drift of tbe proposal of the right honorable gentleman’s bap icc so that ho (Lord Palmerstoa) wondered that he should ever contemplate a division on the subject. Gauehier.) ae sald ye ham} ought to have an opportunity of ex; eir app = proval of the treaty, and tale the ‘House ‘would have an opportanity of doing. The government were, in fact, following exactly the set by Mr. Fox in 3787. ae ‘and cheers.) right honorable friend near im (Mr. Horsman) bad evient!y Sar & mosi elo- jaent ch which he intertled to deliver om the budget. ie sht himself there could not be a better eee est tou heat ora better audience, on Ww! oration, which i to eloqaent and his friend dashed into the logic of his . But the few words he did utter Le. grieog the tariff were le words, because if his argu- ment possessed any value he ought at once, disregarding the } 0 propose a nom-intercuurse resol! for and France. (Hear, hear, and oh,oh.) He said, ‘‘{ ob- ject to your because it tends to the wealth ‘and prosperity of France.” te hear) He would not deny that it increased the and England; tut anything that had a tendency lo make more wealthy, more commercial, more: Us, More prosperous, he oljitied (0. (Cries of “'No.’”) He ought, then, to move @ non-intercourse resolution ‘England and France to be consistent. (Cries of “(No” and “Yes.” bad tala thing of the kind, 4 raked ‘AD: . % Tord Talmanaos reslirmed what he had stated. Ho to which he ovght logical tude was allowed to mem! of that , eapeciaily questions which directly or indirectly referred to finance and taxer, but inasmuch as the question before the House ‘was one simply as to the mote of proceeding, the whole of the right honorable gentleman’s observations were out of order. He had stated that Sir R. Peel never made a deficit; but in 1842 Sir R. Peel increased the taxes, and in ton was simply as t0 the mode o€ proceoding, and realy tion was simply as to the mode of pi , and really it mattered very little which was adopted. (More cries “Divide, divide.””) ‘The Houte then divided— For Mr. Disrae! mendment j vate houses. certain places the echo of jeu Fi i i i i i Hi i & I chargs you, M. le Prefect, department that probidition shall be henceforth respected. If, after a (riendly warning, this distribution o } fuiMment of its holy and salutary mission? “Who but peace, this external excitement, and there exists enactment which awaras to such & correc: tiowal Tue Seemineh aes Nak Saree once. penalty. tune to pregcribe its strict Witbout graver only it to it rew! You that in virtue of the law of the 16th Germinal, year ., abuses of thie nature may, after official information, be brought before the Council of State. In order to dircot our notice to this matter you will receive from the Min- bier of Worebip detailed instructions, of their faith; but he, that bis autbority, which is the keystone of ¢er which are ail HENRY TRE FIFTH OF FRANCE, ON THE ROMAN DIFFICULTY. ‘We may mention that the following letter fs safd to have been addressed by the Count de Chambord to one of the most eminent of who have advocated the cause of © — Vewtos, Jan. 25. ‘You bavo just rendered, sir, to religion and to society a service for which I feel the necessity of thanking you. A dark policy believed the moral sense to be weakened, and opinion suiiciently kept down, to venture, under @ vain appearance of zeal and affected meekness, to justify, e1 courage and promote, after baving formally promiacd prevent an odious act of spoliation, tha inevitable conso- quences of which would be to establish everywhere force in the place of right. In \jath, what possession is there more lent, myse splice, more worthy even by its 4 wanltices, all respect, more fre- quenly guas ul by treaties, more generally proclaimed as necessary for the tranquillity of the world, than the temporal dominion of the Papacy? How can we do other- wise than recognise in this work Ca & decree of Providence securing to the Chief of the Church, the pria- cipal source and venerated centre of Christian ctvilization, the epiriwual independence which is for the mut feel that to annul a right so sacred js to annul every other right? To despoil the Sovereign in the peraon of the succeszor of St. Peter is to menace all sovercigns; and to overthrow his throne, which bas stood @ thousand years, js to ap the foundations of every throne. It is sad to gee France thus made use of as the instrument againat her oynjconscience, ber heart, her traditions and all her interests, in order to carry out attem| which can end only in Dew convulsions. Thus, in common danger, to the voice of the episcopacy, which has raised the es alarm, are joined othe: meek, £0 1, 80 generous, and now Bo tried by affliction. Count de bord here quotes a pas. eage from pamphlet alluded to, which encourages E i Ht sentiments, pry ghee il = defei without proteetion, all } leaves wi lefencé, witho s out guarantee, tlie dearest interest of France, of re. ligion and of society. HENRI. OPINION IN ENGLAND, (From the London Times, Feb. 22.} ‘The breach between the Imperial and Pontifical Courts ig widening every day, and beging to remiad us very forcibly of an’ earlier peiod of our own history, when king who had himself in the ranks Spirit as as his own, which retorts upon him his own censares, apswers to the charge of impious and revolutionary principles by accusing the Pope, with the most perfect truth, of mixing up things sacred with things profane, and treating the rags of an odious tyranty asthe sacred cloth which covers the myaterics of the alar. ‘Thus etands the controverey beiween the Emporor and the Pontiff; but, having bold)y confronted the mastor, the Sovereign of France ig not the man to recede tamely be. fore the aggression of the servants, aud we now fut the pct government for Lode! time siace i roatoration of 18i¢ openly and ayowedly in a position of antagonism to the French clergy. In this respect the Emperor has to contend with a power which has derived principally from his own bands ‘ability to do him injury. he as- cended the throne he rallied the nation round him by professions of bis desire to put down the levelling doc trincs and suppress the infidelity of red _re- publicans end sociabsts, thought she found in him ber eaviour, and the Church ber surest and warmest protector. No one, we think, can deny that the Empe- ror has fully sccomplished the work which he under. took, that be has socialism and supported the Roman against all its adversaries. He might deem himself now if he had been con- t. The ‘was tempting, bat a far-sighted ae would have counselled ite rejection. on Wes teaches without tat, many Page ei ye po Gione : their subjec's, no sovereign has g i EI The ficed in order to secure sus pee iN A hal a Bik ltl? Bi t of the cl purchased by tation government, ‘tnd Miulster forced to ask from the Cham- bers money to B stats -anod oe of lying legends of apocry; Having executed ¢ conssedat ta order g A a & Ey ‘3 5. 3 Ee 5 § iL how dearly hg bought the ran as far ip peeing he has been slow in improving the lesson. . Itpublighed the encyclical letter of the Pope, aud twas suppressed without a moment’s hesitation. We could not Jament, like some of our cotemporaries, over the fall of this intolerant journal, or invoke the doctrines of freedom in favor of men who systematically trampled on them all, pte besa ns be giring rice a fsb wan w tolerance, if, wi oaperous, it was to monopo- Hie a ‘ maby the persesutor, and, when al © sympathy of the persecnted. The War in Morocco. SPAIN’S TERMS OF PRACE—WILL THE QUEEN SEND The Espana of id, ultimo, moni conditions for peace with Morocco, which somewhat difler from those by telegraph, viz:— a ‘That a port ofthe atlantis oust shall be conceded to Spain forever 2. That forty square leagnes of conquered territory shall also be ‘up to ber for the mili. tary posts as she shall think fit. 3. That an indemnity of 600,000,000 reals (125,000,000. ) shall be paid im the space of six 4 That the Spaniards shall ‘Tetuan and the bapxe of the river from that town to #ea, until the in- demnity be paki. ‘The Zspana of Madrid, however, does not positively tee the F of the statement. to combat of the #h (’Donnell * wounded nn 2 spat ll ie om the r’s Brother, who lett Tetoan with 1,000 ens 3,000 except men. A Madrid :—The Queen re- RR TSE ig ng ogi ‘peace, qi ' and expressed her great at the progress of events, aT oS egpeeey ober at anny eS eee F consideration, re thanenprened boreal 8s This is importance wench attached to tho q of the emancipation of the a question referred to the deputies from the nobuity. Several reports circulation as to the pro to neation is making, which exclusively absorbs Ss atente of the inhabitants, and renders them quite indifferent to foreign politics, Iam in a position to inform that all the prepstatory measures for the emancips: take 108 on sire! , aod then will fall bacon that the Emperor ly wi who, for an to understand, would avai’ thomselves of to paralyze the completion of a work in material and poltical pros: Russian empire is ongagod. A of effloient pablic functionaries in tho pro Vinces have been invited to St. Petersburg to assist in tm- ‘oving different branches of tho public administration. 19 censorship ig reorganized. It will henostorth form a division of the public service, under the ral direction of the Minister o: Public Instruction. Committees of Censorebip'of Moecow, Wilna, Kazan and Revel will be directed by separato chiefs, who will not be Bubject to the Director ‘al at St. Petersburg. ‘There are to be eighty-five persons employed in the censorship, and the ex ieee pas vena. ‘e are g the publication tho new statutes re (ee mectane and traders in Russia, A is to ade in the taxes paid by that class to the govern- Hy ‘The colonization of the newly acquired territory on the ‘bapks of the River Amoor is p1 a with “avfloulty. The. in Russia owo altogether 860 steam vessels. Commercial affairs are at present completely stagnant in Russie. There were, how- ever, contiderable purchases of oats made latoly at G tessa for the Adriatic, This fact has given rise to reports un. favorable to the presorvation of the peace of Europe. Tu & scientific point of view, the late oruise of the Rus- sian ebips-of war in the Japan seas has been attended with some successful results, for in the beautiful ‘bay of Corea they discovered three largo Islands not to be found om any existing chart, and named them America, Na. ebodka and Voyyoda Foepectivaly. America Island lice 4 the furtnest ena of ta} land of Chuan, in the Gulf of down as ip bee PN 80 sec. E. long. bie faeiy while Vi very capgerous reefs surroundidg its approaches, Is given as lying in 42 deg. 14 min. 30 geo. N. § 17 min. east of Greenwich. The English Prize Ring. THE BATTLE FOR THE CHAMPIONSHIP OF THE WORLD. the London Times, Feb. 22 At the Tale of Ely sessions, the enlet constable, in his report to the magistra:es, observed:— % nize Bit ios the so called championship of Eog- adver! to take place on the 16th of April, be- tween an Englishman and an American. These disgraco- ful exhibitions could hardly take place in this locality if the directors of the Myre Bt to follow the example of the South Eastern directors, and refuse the combatants and thelr friends special trains. The chief constable algo, adéreesing the wagistrates, said he should like steps to be taken to prevent the belligerents Monit Seer) isle, During the last flv years, he added, the } police ex- pepses incurred solely on account of priza fights had been in 1865, £3 11s. 1id.; 1855, £6 Is, 6d.; 1857, £5 83. 34; 1858, £3 Ts, 4d.; 1850, £3 1s. Sd.—making @ total of £21 10s. 5d. The eso boa pce for the be hing fight (Heenan and Sayers) is at the junction of three counties, near Lit. Ueport, and he suggested that a letter should bo written to the Directors of the Fastern Counties Railway, asking ‘them not to grant aspocial train for the purpose of con- veying the parties down. it was rekolyed that this should be done. ‘The Baltimore Methodist Episcopal Con- ference on the Slavery Question. This body, which was in session in Winchestor last week, passed the following resolutions on the subjec} of slavery, by a unanimous vote, 132 delegates being pro- sent: — Reaclved, That we sincerely deplore the ‘tion of the slavery question, both in the Church and and ear- nestly hope and fervently pray that this disoreditable and disastrous strife may speedily cease. Resolved, That this Conference disclaims having the feast sympathy with abolitioniszm. On tho contrary, we aro determined not to bold connection with any ecciesias- tical body that makes nou-slayeholding a condition of memberehip in the Church, and that we are opposed to apy inquisition upon the motives anderlying the relation of master and slave. Resolved, That the subject of slat should be com. mitted exclusively to the jurisdiction of the respective con- ference in which it may be found to exist. ved, Bo action of the General Conference can influence us to violate our principles and practices, as ind!- cated in the: declarations; but that we will stand a interests of our people to the last ex- a8 ministers of the Now spel of the Son of God, both to master and slave, and to devote ourselves wholly to our appropriate work of winning souis to Christ. lived, That we solemnly remonstrate against the continual aggretaive discussion of the slaver: the menrperaes ‘and periodicals of the Chi question in —— ived That bg hee in eal te, our ereen publishiog nds, Dewspapers, » 48 precludes our pe from the benefits of them, while they are in no false or Hegitimate relation to the Union, but are faithful to its covenants, is an ubuee of trust. Tar Perms or BatwoomnG.—Profersor Wells, says tho Wetampka, Ala., Spectator, attempted to ascend in his balioon cn the 3 inst., which came near proving disas- trous io him. The balloon having been tnilated, he stop. ped into the basket, and gave the word to ‘let go,” and ‘was not het but immediately afterwards, when he was not ready; they did ‘let go,"” and the wind biowing from the west, the balloon, Lightning apeod, was borne upward: he swaying forward and back, with but one foot in the It firet struck ‘& wood pile, thon 6 fenoe, then the side of Coosa Hall kitchen, then the eave: of the kitchen, off the shingles, ‘and afterwards the eaves of the Onoen Hall, when at See he feat FINANCIAL AND COMMERCIAL. Sunpay, Marcir11, 1860. ‘The movement of foreign trade at this port was unusually active last week; the importa were over a million in excess of those of the corresponding week last year, and more than three times greater than those of the corresponding week of 1858. The excess is chiefly in tea, coffee, sugar, hides and_ metals, of which there have been an unusual num- ber of arrivals during the week. It isnot pleasant to know that, with few exceptions, nearly all these imports net a loss to the importer. Teas and sugar are rather better than they were a week ago, but the importers state that they are still considerably below the cost of importation; and the statement bears on its face every evidence of probability. With regard to coffee, hides, and one or two other prominent articles of foreign mercbandise, their market is no better than it was a week since, and the loss netted by the importers must be quite considerable. Money would be saved in many instances were the goods which are now flowing into warehouse and upon the market at so fast a rate reshipped to Europe without delay. If the large importing houses continne to accumulate stocks here in expectation of better prices, 1860 will prove a8 poor a year for them as 1859. These remarks apply with additional force to the trade in dry goods. Though the import entries of dry goods last week were below those of the cor- responding week last year, the year’s import to date is largely in excess of that of- the correspond- ing period of 1859—though it is not likely that the consumption of the country has largely increased, and notwithstanding the heavy stock of goods which was wintered over in consequence of the low prices last fall. This state of things has re- sulted, as was natural it should, in auction sales and low prices. The sales which were held last week were, as a general rule, unsatis- factory to sellers; a large proportion of the lota set down for sale was passed over, in many instances goods were sold considerably be- low the costof importation. The foreign dry goods importing trade will not again prove profitable ‘until merchants learn moderation, and keep their supply more évenly adjusted to the consuming ca- pacity of the country. The trade in domestic dry- goods is doing well; the demand for domestics, both for export and for consumption is rapidly increas- ing; @ few more years of such trade, and the spia- ping capacity of the East will be doubled. Ameri- can spinners ate proving unanswerably their ca- pacity to compete with foreigners, notwithstand- ing the cost of labor and fuel here. The week closes on a more active cotton market, notwithstanding the news from Liverpool, report- ing a tendency to a decline there. An actual fall in Price in the European markets had been expected to result from the first advices of the enormous crop; thus far the demands of the trade have sus- tained prices, Last week’s report showed a re- HERALD, MONDAY; MARCH 12, i980.~TRIPL® SHEET. a ee colpt at the ports of 129,000 106, against 70,000 ward the canals; it 1s hardly likely, however, that same week last year, and 119,000 me: 565,000 1868—making the total receipt to date », bales, against 2,944,000 to wame date Inet year, w."? | 1 done will have 1,998,000 to same date of 1858, Esthuates now vary between 4,300,000 and 4,500,000 bales. One leading house predicta a crop of over 4,500,000 balea; another—whose estimates, by the way, have been hitherto very wide of the mark—does not think the crop will come up to 4,300,000, and looks for a falling off in receipta very shortly. We sec no reason for expecting anything of the kind. Common sense and the recent advance in negroes ehould satisfy every one that the area planted for 1869 was unusually large; the weather, we know, was favorable; and there is no ground for believ- ing that the entire crop has been hurried to mar- ket. There are, no doubt, at least three-uarters of 4 million bales of the crop of 1859 yet to come for- ward, The breadstuffs market has been active through- out the week, the receipts having been very light, and the home demand active. There is nothing doing in either wheat or flour for export, but the necessities of consumers are causing prices to ad- vance. In corn there has been no change, the re- ceipts having been liberal. The newsfrom Barope, though a trifle more encouraging than previously, is still far from real the expectations of specu- lators, who expeo'cd at this time to see flour $8 or $10.a barrel. The receipts at Chicago last week were moderate; the only excess over last year is in corn, which {comes from Southern Illinois. The stock at Chicago is heavy, and will move for- ward rapidly when navigation opens. The pork market has been dull throughout the week, and a further decline has taken place, not- withstanding the report of a short crop. Beef is steady, with a fair demand, both from consumers and for export, Rice is dall, with a declining ten- dency. Tobacco is firm. The following are the comparative tables of the trade of the port for the past week and since Janu- ary 1:— Imports, For the Week. 1858, 1959. 1860, Dry goods...... “ 2,284,904 | General merchan’e 8}288,124 Total for the week. $1,707,954 Previously reported. 18;191;483 Since Jan. 1....., $10,050,431 ExPonns. 1858, 1850, For the week....... 1074000 -2484,24 2,080,872 | Previously reported. 6)840;105 74511401 11,541,067 | Since Jan. 1,..... $9,016,193 "6,035,615 13,631,059 | Exrorts or Srrcm. | 1858. 1859, 1860, | For the week....... $207,807 1,427,650 115,473 | Previously reported. 9,661,805 510431109 2,500'848 | Since Jan. 1...... $0,649,702 6,470,710 -2,742,8a1 The movement of specie has been in favor of the | bank average, the export having been nominal, while the receipts, both from the interior and the Sub-Treasury, have been moderate. The balance in | the Sub-Treasury last evening, was $8,207,909, | against $8,734,208 at the close of last week. The | last bank average of specie was $23,083,812--$2,- | 312,916 more than the banks had showna week previously; many persons expect an increase to | the neighborhood of $23,500,000 to-morrow. The | steamship Atlantic arrived tvis morning with \ $1,198,711 in specie on freight, so that the bank | reserves may fairly be expected to rise to $25,000,- | 000 within week. For some time to come it is not likely that the Sub-Treasury, heavy as i the duties are, will take much coin from the | banks; of the $6,200,000 placed at the credit | of the Post Office Department in the Sub-Treasury here on the passage of the Post | Office Deficiency bill, only about $4,200,000 have | been drawn, leaving $2,000,000 still over duc on ac- count of last year’s service: This money will be | drawn gradocally in the course of the newt few | weeks. A large increase in loans is looked for to- | morrow. Several of the heavy banks havo been anxious to place their fands as low 4s five per cent on enll, and have done their best to clear the | market of all the good paper offering. The last | Joang average was $125,012,700; this time last year, | the banks, with $26,769,905 of specie, had $125,- | 221,067 of loans. They rapidly increased their loans to the neighborhood of $130,000,000 in April, | and thus gave an impetus to the commercial move- | ment, of which the principal phenomena were the | unusual export of specie last summer, and the | over importation of foreign goods last fall. | Money is easier again. We now quote call loans 5 per cent, with afew rare exceptions where the | securities are not particularly available at 53.6. | First class mercantile paper, 60 a 90 days, goes at | 6, sometimes with a brokerage included; good busi- | ness paper, with two good games, 4 ® 6 months, | goes readily at 7, andesingle names, very choice, | 7@ 8; houses less known range, as usual, from 8 a | 10 a 12. There is very little market for what is éommonly know as second class paper; the course | of tradé warns lenders to be on their guard against | paper whose value depends upon the profits of commercial speculations of the day. | Foreign exchange has been dull all the week. | There was no first class steamer direct from this | port; hence some importing houses postponed their remittances till the Cunard steamer of Wed nesday next, The closing rates of the week are, | for bankers’ bills, 108] a 109 for 60 days on London, and 109} af for short sight; for france, 5.15§ a 5.174. Mercantile bills are in the market at 108}. é for sterling, and 5.17} a 5,18] for francs; the sup- ply of Southern paper has been more liberal daring the past week than for some time previously. It is needless to add that at these rates no gold can be shipped against bills. This time last year we were shipping a million a week, and the foreign bankera were holding at fully one per cent above their present rates, The movement is later than usual this year, but it will come soon enough for the benks and those who depend onthem. The following table will show the movement on the Stock Exchange during the past month :— Feb. 11. Fb. 18. Feb. 25, Mar. 10, ++ 60% 80%* = BOK BRIG ua uy 3% 395% = 40) Cy meg erie. 8% 9 9 9. Michigan Central 38 8TH 8I%—% «897, Southern guart’ 18 M4 1635 9K Tiinois Centrat 5634 561q 66% 6g % 61% 69% 63 62% 63K AG 19% 19 2036 1831; 134 13856 | wx 8640 8036 | 91% = BK WBE | The feature of the week was the strong upward movement of Friday, when Central advanced two per cent, and the Western shares one per cent all | round. No particular cause has been wasigned for the advance, It was due in some measare to heavy purchases of Central, made through brokers who were believed to act for the Albany party; partly to the effect of the recent debates in the Legisla- tare, which lead to the belief that no measure will be passed that is calculated to inflict permanent injury on that property; and partly to the gradual increase of business in stocks, which fs usual at this period of the year. It is impossible, at the present time, to form an opinion with regard to the future of the railroad bills before the Legislature. A tolling bill hss passed both houges; but the Senate bill fs nothing like the House bill, and whether the two bodies will agree to roll their two bills iato one, which shall be satisfactory to both, is not by any means clear. The fate of the Pro Rata bill ia the Senate is still more uncertafn—to say nothing of Its fate at the hands of Gov. Morgan. With such a Senate and such a Governor, anything is possible, and the wonder is that George Law and his friends should have been satisfied with asking the Senate for all the streets, when he might as well have asked for all the houseain New York. It is proba- ble that some tolling bill will be passed and will become alaw. The Central seeks to advance its rate for way passengers to 2} cents, and offers on this condition to pay in three years $500,000 tg. week of | tho representatives of the | Ja it rups will submit to this additional tax. Whatever to be tndone next year; for the Wovement is radically wrong, end would have “Epecved the countenance of Governor Mor- wait bad he een an independent, high minded, man, The traffic on the Western roads continues to im- crease, with the exception’of the Galens, whicl: shows 8 falling off equal to $2,903 for the first week of March. This is explained by the fact that the receipts of wheat and flour last week at Chicagw were no greater than during the Week in 1859 ; while the receipts of corn (of whiols there ig little or none on the Galena) were very heavy. A meeting of the Rock Island directors has been called for the 25th, at which a dividend of 3.# 3} per cent, payable in April, is. expected to be de- clared. Tho Michigan Southern resumes payment on Monday on her first mortgage debt. The de mand for State stocks and good railway bonds com tinues very active, and prices are rising rapidly California bonds are higher than they ever were since their creation. Imports’ (Other than Dry Goeds ané Spec: t the Port of New York for the Wi Ending March 10, 1860. . Value. China, glase & carth. ware— Chipa...... 81 $4458 «2961 alabs, 7048 Gambier... 1,431 10,188 _ Gums,crade 109 = 2,610 - az ‘arabic. 67 1,568 _ or “ copavi. 28 131 — Tndigo...... 120 16,821 : — 166 4 120 Pepper...) = 18305 Stationery, &e.— 00k8 , 72 «1 + 6 Ff 18 (1,208 ets 189 “ = ae Paim oil. — 32% Paints. ke. — 20% Phoephoro: + Fustic,M.ips 13 43 Reg actim'y 60 Cedar 323 Rbubarb.,. 1 § la. 205, 532 15 Soca, bis't.2,115 Soda, eal... 331 Soda; ash. 749 3 43 60 pres Instruments. Mathematical 8 Mueica’.... 62 Optical ®urgical.... Jewelry, &¢.— bas. ak 236 Jewelty.... 16 1h75 89,078 Vutches.... 43 65,739 Oil paintings’ 13 6/896 Tealber, hides, &t.— Paper t’ngs. 29 1,668 Brisilés... '27 6,764 Porfumery. 101 10,688 Hides, dre’d 87 81,436 Pipes.. _- 8,272 Do. undr’d — 116,445 ° 3,801 3 ‘90a 38,632 662 11,665 15,1 20,907 1,383 414,089 65,328 is 660, Tot Same sera 5,066 $3,288,196 CITY COMMERCIAL REPORT. Saturpar, March 10—6 P. M. Asnms.—Theo market was steady, with small saics of Pots at 53<0 , and of pearls at 5ic. BREADSTUFFS. —| ‘The market was active, and the rices for medium and higher gra tes of Stato aud Wenterm nds were better. Thesales embraced about 12,500 dbis., closing within the following range of quotations :— Superfine State, . easeanace® egsacessss Pere ree hrs pied 2 pve tee susssuses ts e a firm, with sales of about 450 bbis.’at $5 Southern flour ‘was active, and prices higher, sales embraced about 8,600 to 4,000 bbis., closing within 21 i a Ee Se bj ER | the above rango of prices. Ryo flour was steady at quo- tations, with moderate sales. Corn meal was in fair de- mand at quotations, while transactions were Wheat was higher and in good milling demand, with sales of about 13,500 bushels, inciu req ‘3 t fee hen in $1 4234; po sag ge fn an cago spring at , and pari a cargo of white Canada at $1 6234, in store. was firm and in better request, with sales of about 20,000 bushela, at 78. a 79c. for Western mixed, unsound Southern at 76c., and white and yeliow Jersey and South- ern at 793, @81c. Barley was firmat 77c. 89c, and barley malt was at 9c. a 92c. Oats wore unchanged; eales of Western and Canadian were made at 435<0. & 443¢0., and State at 44c.n 45c, Rye was heavy, with sales of 5,000 bushels at 85c. for Northern. Corre#.—The market took a decided rise today, and cloeed stiff at an advance of fall 4c. “oy 1b, for Rio, amd it. to 3c. on the week’s sales. tr om- raced 800 bags Rio, chiefly at 13c. a 13%c; included ia the sales was one lot of 300 bags Rio at 14c.; 800 mats of” were ee Part at 1534c.; 400 do. Porto Rico a& 100 do. Jamaica at 12%c , and 100 do. Capa, at 13a, —The market wax unchavged, and less spirited; embraced about 1,200 bales, closing on the basis of 11346. ¢ 11 4fc. for middling uplanda. Faesanrs.—to Liverpoo! 80 boxes cheese were cnengat, 198- i at 308., 150 boxes bacon at 253., 300 bbls. rosin at 23. 20 bhds. Rams at 258 , 600 tierces lard at 26s., and tlerces rice at 258,, 500 8 600 bales of cotton at 9-324. a 5-16d., 160 do. Soa Island at 7-164, and 160 do, uncom- pressed cotton was reported al |. The sailing vessel Sword Fish was chartered for Hong Kong for tho round sum of $11,500. Fisu.—The market for dry cod was dail, and ja the ab- sence of eales of moment quotations were nominal. Mack- ere! were firm, with fair sales No. 1 at $16 75 « $17, now held at $17.9 $17 25, Herring were quiet, with moderate | sales at full prices, —The market was steady, with sales of akout 1,000 bales at $1 06, for ebipment. Hors —The market was steady, with moderate trans- tions. The last comprised 120 bales at 6c.for eous- mon and 15c. for to prime, Tron.—fcotoh pig was ly, and within a day or twe some 200 tons have been sold at $25 50 a $26.8 627 be tom, six months; and 60 tons Welsh bars at ¥% aod do. common English at $43 60; 100 do. refiwed at $64, aix months, and 2, do, Engliahir ails a 917. two or three days 2,000 bbis. common have been sold at 90c., and 450 bbis. lump Rockland at $t 36, cash. Motseeee.—fales of 60 hhds. Cuba muscovade were made at 31c. a 32c.,and 60 bbls. New Orleans at 4ic., ee ae te Texas at Be ¥ - AVAL Stonss were quiet and spirits turpentine gg ey low No. Lrosin were soldat 80. , Lp Ra edo cbanged. Moderate sales: ofl ieee eee Ge and at 60. Provmions.—Pork waa heavy, market Bg! cl . Rice was dull at 37,0. a 43. Seep.—The chief demand was for clover aud Timothy of which sales were making at unchanged prices. Scoans—Tbe market was stoady, with sales of about 1,200 bhds., inclnding Cubs, within the range of 6%6., 7c. A TKe. Incinded in the sales were 160 ‘Peri Kico at 674 1Me. Wuisiry —Seles of 400 bola. were m "mt 24a,