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MONEY MARKET.
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.N.uuH 0iey 70. % ieet rising
Louisviue' May 70. a feet, inches
MONEY MARKET.


Monday, June I-8R. M.
The market vps heavy this morning, and prices fell
on fraction. Harlem declined I, Norwich and Wor.
csssr4. Reading J. Reading Railroad Bonds |, Long
Island l. Farmers Loan t. vicksburg went up I, and
Morris Canal closed firm at Saturdays prices. At the
Second Board further decline took place in Harlem,
and prices atshe close werc very much depressed The
sales were only to limited extent.


A government specie draft for 100000 made s ap-
pearance in Wall street to-day and the amount will be
made by the deposit banks of this city This specie
intended for shipment to New Orleans via the Mssis
spp river We may look for drafts Of this kind very
quenty and the surplus deposit here will rae
be rapidly reduced The from customs collect
ed at this for the month Of May amounted lN7s
l07 g. The appropriations made by Congress for tho
Mexican war, amount to twelve millions of dollarsveng
the whole Of the government surplus Avery short time
will srce the rate of expenditure experienced with
in the past month, up that amount but Congress
may deem it proper before the treasury becomes
petey bankrupt to pass act authorizing the issue Of
treasury notes. which would relieve the money Market
and furnish valuable mode of making remttancss from
extreme section Of the country to another An en-
powerng the Secretary Of the Treasury issue treasury
notes. bearing nominal rate OF interest for twenty mil
lions Of dollars would enable the government carry on
its financial operations much effectively than under
the existing system


The value Of imports and exports of this port for tho
month Of May, was follows:-


CoMMrRcE P0Rr NEW YoRx, MAY, ls4o.


Imports.


Dutiable merchandise. ............ 4l6os6o
Specie. s................... ......... a7as6


$5,4sss97
Domestic merchandise 1'.' sa,sas,ose
Forsign merchandise dutiable. 2os,sea
Specie. ~. "s' 80. asi,osi ioI


Excess Of imports exports. -. 50 s73 s4s
Daus. collected hr' Eve msnth' Is.s s.aas dae ss
Excess Of duties collected first Eve months


Aoso. So4a,oio 70


will be observed that the value oimports past
month has been quite limited For the rest Of the
there WILL probably, be great deficiency compared
with last year.


The Delaware and Hudson Canal Company have de-
clarsd ssmannual dividend Of eight per cent payable
on the sth Inst


The hrst efect Of rupture in peaceful relations
with foreign powers upon commercial matters has been
felt In the South and Wss and business Of all kinds in
these sections has been completely prostrated. Conf





depression exists The producers Of the interior
afraid forward their supplies the Southern ports in
consequence of the failures and the mposs
bility Of realizing their shipments. The merchants
Of New Oeans afraid to forward their consignments
Europe to the Atlantic ports for of capture and
con6scaon, and the runous rates charged for
Our principal agricultural productions being thus de-
prved Of market become reduced in price, and holders
and producers suffer ruinous losses not surprising
hcuI.
and that much embarrassment exists in the commercial
world.


We have not yet felt the effect Of this state Of things
at the South and West in this city but there pos
sibty Of escaping it This being the grand centre of
ell the commercial operations of the country, any de-
rsngemsnt In trade, in any section ultimately be
felt here and the brunt of all losses generally falls upon
houses in this city. We trade with the parts
Of the Union and markets generally found here for
the principal products Of the country Credits FORM
cd and prices regulated by markets and whatever
tends to depress the money market Of other cities nva
riably reaches u.s. and its effects experienced here
with greater severity than anywhere else The intimate
connection existing between this and all other cities OF
the Union induces think that have yet to expe
riencc depression much more severe and much more
ruinous than prepared for expect and fear
tho result. Tho very anticipation Of rupture with
Mexico, produced much embarrassment in CONNER.
cal circles and the reality cannot but increase the
evils It il tho uncertainty that hangs over every
thing connected with our financial and commercial al
fairs that is doing 90 much mischief


His perhaps fortunate for those interested that for
some time past there has been disposition opportu
nifty for the commercial classes to launch out into any
great specuation- is fortunate that the difficulties we
now experience have been long anticipated, 1 We
have in measure become prepared to meet them, or
there would have been very different result Even under
those circumstances have the greatest fears as to the
result ; but had credits been much inhated-had our
;mportations been large and foreign indebtedness
greater than usuahad every thing been inflated and
prices very much advanced there would without doubt
have been similar to those experienced in 1887 and
1885, and rcvulsion would have spread through the
country, sweeping in its every vesigs OF pros
perty, recently SO encouraging and so healthy


For than two years, there have been indications
Of the present state Of things, and from time to time
checks have been given to business which, at the mo.
ment were considered unfavorable, but which have
proved to be Of the most beneficial character az they
served 10 prevent rapid inAaon Of credits and cx-
tension Of trade and keep down that disposition to deviate
from the regular course Of business general in this
country.


The annexed tables exhibit the movements in produce
Al Now Orleans this season, compared with the cor
rrsoondiac period last year, with The quotations st
several dsss tAs ysss sAswsas ~ decline iapress'-'