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ceeding will give abundant means to the Treasury Department, by extending the employment of the demand notes. The $20,000,000 of certificated, need in making exchanges at the clearing house, are about all absorbed. Some of the financial authorities point to this action of the banks as a new and irresistible proof of the tendency to expansion, of which we always hear so much, but some how or other see so little. Gignoux's painting of Niagara was sold this morning at Stevens, Williams & Steven's, 343 Broadway. About one hundred persons were present, and the breading was not very lively. The first bid was $1,000, the second $1,050, the third $1,075, the fourth $1,100, and the fifth at $1,150 as which it was knocked down to Mr. John Butter, who purchased the picture for A. T. Stewart, Esq. The sale did not include the copyright, that being reserved by Mr. Gignoux. Immigration has come almost to a stand still, and the figures vary but little from week to week. The number of ar