twenty-seven millions less, and while our exports of specie were also seventeen and a half millions smaller.  The receipts for customs duties, however, fell far short of the usual amount, and the movement of goods out of bond was correspondingly light.  Under the improved feeling visible on Monday, the 29th, the foreign exchange market became less unsettled, and rates began to improve rapidly; so that on Tuesday bankers’ bills on England at sixty days had risen to 106-1/2 @ 106-3/4, and mercantile to 104-1/2 @ 105-1/2.  Before this, however, the Bank of England had advanced its rate of discount from three to four per cent., and again from four to five per cent., and we had received cable advices of the shipment of about eight millions of gold from England for the United States, with further shipments in anticipation, partly the proceeds of American negotiations previous to the panic, and partly to make grain payments.  The shippers of cotton and general produce were cheered by this opening of a market for their bills at such a decided improvement in rates, and on the Produce Exchange the return of confidence was marked, while quotations, which had been depressed, showed an upward tendency.

Meanwhile, the Stock Exchange opened punctually at the appointed time, and the opening prices were higher than those previously current in the informal market on the street.  But it would have been too much to expect a settled market after such demoralization as had prevailed and such ruinous sacrifices as had been made.  The improvement was not sustained, and prices were depressed from two to eight per cent., during the next three days, chiefly under sales to make settlements between parties on the street.

Occasional failures, both among stock and banking-houses and the mercantile and manufacturing community, and in as well as out of New York, were still reported, including three large city dry-goods firms; and the pressure for greenbacks to send to the country continued to be so severe that from three to four per cent., was paid for them, as compared with certified bank-cheques, for several days, though the premium dwindled to one-half and one per cent., before the end of the week, advancing a week later, however, to one and one and a half.  The difficulty of moving produce from the West also continued very great, owing to the almost total dead-lock in the domestic exchanges, but otherwise the excitement and alarm attending the crisis seemed to have passed away, leaving only its depressing effects still visible.  Money became comparatively accessible to first-class borrowers on call.  But the bank statement was again omitted on the following Saturday, and it was announced that none would be made until after the banks had resumed greenback payments, and till the certificates of their own creation had been withdrawn.  The deposits held by the banks at the close of business on that day, October 4, had been reduced to about a hundred and fifty-three millions, against over two hundred and seven millions and a quarter on September 13.