The Express.
London, England, 1848-08-03 00:00:00

COMMERCIAL INTELLIGENCE.

NEW YORK, J lax 19.—1 n the money market there is
unexpectedly quite a pressure, and from l i to 11 per cent. a month
is paid on good paper. 'this rise in the rate of interest has had the
effectof checking the mown,' tendency of foreign exchange, and billion
London. which were brisk at Ito and had sold ut 11101, closed hes s ily,
and good bills were obtainalge at 9/. C.S. stock and treasury notes also
Pelt the effect of the pressure—the latter were offered on the 15th at
Si, without tlnihns takers. Considerable sen..ation had been coca.
aimed by the failure of a small bank In Albany, one of the safety fund '
institutions—the Canal Back. The whole circulation of this tank
does not exceed, as will be seen by the annexed statement, 189,000
dole. The capital of the bank was 4.10,000 dole. The whole of this,
and of the depocts equal to 113,000 dole more, will be Net , and even
then it seems doubtful whether the circulating notes will be paid.
Corron.—Thers has been a fair demand for export, and prices are
Arm. Th.. sales for the Last three days reach 4,400 balm, viz.:
Cord. Flo. Mob., N. 01..0 Tex.
2,500 bales 1,900 balm.
Interior 4l to 51
Ordinary to good ordinary
Middling to good middling.... 6 to 61 to CI
Middling fair to fair 6l to 6 61 to 7
Fully Lur to good fair 7 to 7 7 to 8f
Fine nominal. nominal.
FLOUR, &c.—The receipt. of flour in thin city rinse the opening of
the caned, amounts to 553,290 barrels ; the receipts now exceed the
demand, and priors have a downward tendency. Sales of common
brands and lots in poor order, made at 4 dole. 57 ie. to 4 .101 s. 9 lei. ;
Oswego, Michigan. Brooklyn, igic , at 5 dole. to 5 dole. 121 e.,
and 5 ads. :c.; pure Cieneftee, S dohs. 50c.; fancy Ohio,
S dole. 50e. to 5 dolt. ‘l2's. 'the market was dot well sup.
plied with common Southern flour, which wee held at 6 dots.
200 barrels rye flour sold 3 dots. 621 c. CO barrels corn meal were
taken at 2 doLe. Sic. What in good supply, but the de-
mand wan limited; Genesee offered at 1 dol. 20e.,with only Idol. 15e.
bid; •ales of Ohio made at 1 dol. 121 e. Corn in good demand for the
eastern oi,,..sts, and .0 lees quite firm; NR:OA of road yell iw made
at .54c. to 55c.; flat yellow, 520.; mixed lids, Suc. Northern oats in
fair request at 43c. to 41c. ltye, Cie. to 65)c.
Paovisions.—A speculative demand exists in the provision market,
and priors have advanced; sales of mew pork have been made at
11 dole. to II dol.. 121 e., and of prime at 8 dole. 75e. to 3 dots. 94c.,
which price was refused at the close foe 500 barrel.. Prime lard (in
barrels) brings 7.e. to 71c. Bei fie grin at 6 dole. 50c. to 6 dots. 75c
for prime, and 12 dole. to 13 dole. for mess.
Naval stores remain inactive. The last sales of crude turpentine
were at 2 dole. 37jc. to 2 dole. 50c. Spirits of turpentine is held at
35c. to 3Gc.
Ashes are firm, and good demand. Pots, S dole. ; pearls, S dots. 871 e.
per 1001 b.
Whisky is rather heavy. 100 barrels of Ohio sold at 22c.; states
prison Nirrels and drudge/maks ate held at 23c.
The rates of freight ore to Liverpool, for cotton In square bales,
5424. per lb.; flour or,' turpentine, Is. 6d. to Is. 9d. per barrel;
grain, Sit. to 6d. per bushel. To London, 2.1. per barrel for flour, and
other articles in proportion. To Havre, nominal.