The Sun.
London, England, 1857-11-14 00:00:00

MERICA.

SOUT dAMPTON, Nov. 13.
The United States steamer North Star, Captain
Lefebre, arrived at Cowes this afternoon with ad-
vices from New York to the 31st ult., being two
days later than those previously to hand. She
brings 10 passengers for Southampton,l4 for Havre,
and 14 for Bremen, and a small cargo, but has no
specie.

The following is extracted from the money article
of the New York Herald of the 31st ult. :
" The stock market to-day was an improving one from
the opening. With mere activity in all the leading rail-
road stocks better prices ruled. At the first board Ohio
Sixes, 1860, advanced !A. per cent. ; Missouri Sixes, 14 ;
Erie bonds, 1871, 21 ; ditto, 1852, 1 ; New York Cen-
tral Railroad, 1 ; Erie, f ; Reading, 14. Pennsylvania
coal fell off 1 per cent.; Cleveland and T„ Ledo, ; Michi-
gan Southern, preferred, 2 ; Galena and Chicago, 1.
Illinois Central Railroad opened at 82 and closed at 83
per cent., with moderate sales. All the most prominent
Western Railroad stooks appeared to be in demand, and
were fr..ely offered. Almost the entire movement in
the market is confined to the brokers. Outsiders may
be picking up some small odd lots for investment,
but there is a strong bull' movement, which
is resisted by a few determined spirits, who
are not satisfied that we are yet out of the
wood in our financial troubles. The leading bulls' come
from the old bear' party, but there are a few of the old
grizzlies left, who have an abiding faith in the dishonesty
of managers of incorporated companies generally, and of
railroad companies in particular. The earnings of our
railroad companies for the month of October this year
will be far behind those for the same month last. We
understand that the New York Central receipts will show
a decrease of more than 100,000 dole. The Harlem re-
ceipts for the ueonth will Le about 90,000 dole., nearly
one-half of which will, we are informed, be net income.
This road is now well managed. The mil age has been
largely reduced, and a great saving in this way effected.
On the same amount of receipts the net earnings are
now much larger than heretofore. The whole secret
of this can be four'l in the face that there is now a
practical man at the head of the management, and he
seems to know how and where to save money without
injuring the efficiency of the road. We want active,
scientific, and practical men as presidents of our rail-
road companies, and not fancy financiers. Let a finance
committee of the directors attend to that, and let the pre-
sident attend to the actual operating affairs of the line
of route. At the second beard the market was rather
weak, and for some railroads stocks closed heavy. New
York Central Railroad decline 4 per cent.; Reading
is ; Erie Railroad advanced per cent. • Cleveland and
Toledo The movement in Erie this afternoon was to
some extent, and the sales were principally for cash. The
most irregular and uncertain stock on the market just
now is Reading. It runs up and down 2 and 3 per
cent, without the slightest difficulty. The only State
stock sold this afternoon was Missouri Sixes, at 69 to
694 per cent. The prompt and decided course pursued
by the Governor and Legislature of Missouri in pro•
viding for the payment of the January interest on the
public debt, independent of the different railroad com-
panies, and for the prompt payment of interest when
due, for all time, has had a favourable effect upon the
market, and will place Missouri State Sixes as high
upon the list as they ever were.
"The banks of New Orleans on the 19th were it is be-
lieved, in a stronger position, and were anticipating the
receipt of $400.000 in coin by the Cabawba from Haven-
nab, and $40,000 by the Philadelphia. The Bank state-
ment for the week discloses a considerable decrease in
every main item, the precise changes being as follows;—
Decrease in short loans
Decrease in specie
Decrease in circulation 1,332,025
Decrease in deposits ...
Decrease in exchange 105,166
Decrease in amount due distant banks 58,905
Decreaee in deposits proper

" The officers of the Connecticut banks are to hold a
convention at Hartford, next Monday, to take into con-
sideration the proposed cutting loose from the Suffolk
bank, and to see what they can do to help their cus-
tomers.

"The interest on the State debt of Pennsylvania, due
Feb. 1, 1858, will, we understand, be paid in specie. In
the Bank Suspension Law passed by the Pennsylvania
Legislature, it is stipulated that the deposits by the State
Treasurer, or to the credit of the common wealth, in the
several banks and other corporations, and all banknotes
which are now or may hereafter be in the Treasury,
during the period of suspension, shall, from time to time,
on demand of the said Treasurer, be paid by the said
banks, or other corporations, respectively, in specie, in
such amounts as may be required by the Treasurer to
enable him to pay the interest accruing on the public
loans of the commonwealth.
46 The dry goods trade the present week has exhibited
rather more vitality th in has been witnessed hem since
the panic set in. The first auction sale of importance
since the panic came off on Wednesday, the 28th inst.
The sale comprised au assorted and valuable cata-
logue of French goods of late importations, chiefly
by Messrs. Curtis and Co. The terms of the sale
were four months for approved endorsed notes, payable
in the city of New York, for all sums over 100 dole.,
or 5 per cent. discount for cash. All bills under 100
dole, to be settled in cash without discount. The cata-
logue comprised about 725 lots. The sale drew a good
company, and the bidding was in many cases quite --
spirited. Some lines of the cheaper qualities of silks, COMMERCIAL INTELLIGENCE.—Ocr. 30.
such as seli for $1 or less, were wanted, and were quick Ashes.—The market was unchanged, while small
of sale at steady prices, Common styles of goods, in- sales were making 610 for pearls, and 7c for pots.
eluding plaids, stn., such as were dull before the Breedstuffs.—Flour.—The market has displayed ite•
panic setin, werei heavy, and several lots were passed. creased activity, with a good demand both from domes-
sßo rl
rail efas.hawls and some lines of mousseline de laine were tic and foreign export trade. Prices were also firmer
was said fair
ro
prices.
c about TlhOe sale,
615 however,rcent.tabkeel on wa st
haewphroi prices mbyed9icuulto lOeper
Tbuaerr,calies
footedespecially uf for r
aboutthe
obtained for similar goods p auction in the grades.
sold by earlier
season, or before the pressure came on. One or two Superfine State
sales of considerable magnitude are to come off next Extra State
week, one of which is to comprise a catalogue of French Western Ohio and Ohio superfine
Extra
goods, imported by a leading house en six months'
Ohio and Westernp 5 30 5 90
credit. A heavy sale of cotton domestic sheetings Canadian superfine and extra 5 15 6 75
and shirtings is also to come off next week. The Baltimore, Alexandria, and Georgetown
5 40 5 45
jobbing trade has been irregular this week, tome Southern fancy and extra...........
days looking brighter and promising, though late in Choice extra family and bakers' brands 7 25 8 50
the season, qui.e an improvement in business, Rye flour
some exceptions, with regard to certain localities,
collections were coming in rather better than what might Canadian flour was firm at the above quotations,
be expected. The disposition of the large auction houses with sales of about 500 barrels. Southern brands were
to resume sales at a credit of four and six months was is fair demand with sales of about 1,200 to 1,300 brie
considered to be a token of returning confidence. The within the range of the above quotations. Rye flour
cards still appeared in front of wholesale dry goods and corn weal were quiet at the above quotations.
jobbing houses offering to sell by retail at wholesale Wheat was again active and in good demand both for
prices. These cards were also hung out by wholesale milling and for export. The receipts and supplies of
clothing houses, offering to sell 'at tremendous reduc- Western were light and the market firmer. The sales
tions in prices.' Tnis course of the wholesale houses embraced about 40,000 bushels, including Southern
have been very injurious to the city and adjacent counery white at 1 dol 45c to 1 dol 53; chiefly at 1 dol 500 fur
retail trade, who had laid in supplies before the panic while Tennessee prime ; red Southern at 1 del 26c to
set in. The export trade of American piece goods con. 1 dol 30c; damaged Southern ditto at 950 ; Kentucky
tinned light. The domestic tea le in American cotton and Ohio red at 1 dol 15c, and Kentucky white at 1
goods was moderate, and prices without change of dol 20c; lowa spring at 1 do! dc; Chicago spring was
moment, while sales were light. The auction sale next scarce and firmly held at 1 dol 3c. Corn was scarce
week will be some test of the market prices. Woollen and receipts light. Sales Western mixed wore limited,
goods were heavy. The decline in wool has had a depres- and for whole sound cargoes 78c was asked ; some out
eing influence both upon manufacturers and upon prices. of order sold at 70c. Rye was quiet at 75c to 80c.
The depressed condition of the wholesale clothing trade Oete—sales of State and Weiteru were ;reported at 45c
bes caused certain lines of woollen to be neglected to 47c.
and prices depressed. Fancy goods of nearly all Coffee was quiet, and sales were limited, without
descriptions have been lees active and the trade dull. change in price. Sales of 400 bags Maracaibo were made
Should the present stock of American goods be much re-
at private terms.
doted, and cotton decline in price. we may expect to b
and small shipments to Liverpool on owner.' ac-
Eastern mills, many of which have been drivel" to work count.
short time, or have suspended operations.
Freights were steady without change of moment in
"
rates, but somewhat less active. To Liverpool about
The Express of the 30th says :
10,000 bushels wheat in bulk, were taken at lid ;
" The most discouraging nowe we have to-day is from ships' rates were steady at 8,1 'a
d some 2,000 to 3,000
New Orleans. The cotton factors are in trouble, and
barrels flour were reported at 2'n
s 6d , 200 bales of cotton
money is no easier. The $300,000 in specie we sent them
at 5.32 d, and some dead weight at 25e. To Loudon
yesterday by the Black Warrior, will be something to
100 tons oilcake, at 253 to 27s 6d, with some flour re-
mend matters. Canada is feeling the pinch. From To. ported at 8s and grain at 91. To Glasgow two vessels
ronto we learn that Messrs. Ross, Mitchell, and Co.,
were taken up—the first, a bark, to load with flour am
importers, have faded. Their liabilities amount to about
3s, and grain at 9d ; and the other to load with flour at
$1,250,000. And the worst of it is, that their failure
'
4i, and grain in ship s bags at 10d. To Havre cotton
will be likely to pull down many country houses. The
was ; earl ashes at
reported failure of M e
ayor Hutchinson is incorrect." dole ; ricengaged wasat 9id dols,p and bones atB dole and pots 9
The Philadelphia Press of the 30th says : Fish were quiet, with sales of a cargo of Marblehead
"The Collector of New York and others capable of to strive at 3 dole 25c; mackerel was dull and prices
giving reliable information state that it is their opinion nominal.
the receipts at New York from Customs will run up in Hay was steady, with moderate sales at 25c to 65c for
three or four weeks hence to the rate of 100,000 dollars shipment.
a day, and that the receipts at other ports will increase Hides are without any demand or animation. The
in proportion. In this event, then, there will exist no stock is large and receipts continue heavy. There is a
necessity fez the Government to negotiate a loan or to light demand for shipping. The sales were 3,550 city
issue Treasury notes ; the revenue from Customs will be slaughter at 6c to 64c cash ; 2,500 Western, 7o for ex-
ample for the economical ad ministration of the govern- port ; 1,000 dry Porto Cabello, 16c cash.
met t. Nor will there exist any ground for refusing to Leather—The stock is very large; prices are entirely
carry on works for which appropriations have been al- nominal. The receipts were 46,000 hemlock, 5,550 oak.
ready made, if any such design was ever contemplated Sales, 1,800 hemlock, 1,150 oak. Steck, 251,000 hem-
by the Administration.
lock, 34,200 oak.
The Hartford Times says the following Connect- Molasses-30 hbds and 50 brls. Cuba muscovado mo-
ticut banks are still paying specie : lasses were sold on private terms,
"New Haven County—Meriden Bank, Meriden; Naval Stores—Salesyesterday and to-day comprised
Home Bank, West Meriden. about 600 to 730 bls. spirits turpentine at 40e. ; crude
"Lichfield County—Norfolk Bank, at Norfolk; Hurl- turpentine was quiet, and sales limited at 3 dole. 80c.
but Bauk and West Winsted Bank, at Winchester. About 700 Ws. common rosin were sold at 1 dol. 35c.
"Hartford County—Connecticut River Banking Com. per 310. b. delivered.
pany at Hartford. Oils—The market quiet and prices unchanged.
" Middlesex County—Middletown and Central Provisions—Pork—The market was less buoyant and
Banks, Middletown ; East Haddam and New England easier for mess. About 200 to 300 ble. were sold, istolud-
Banks' East Haddam ; Saybrook Bank, Essex ; Deep ing mess at 20 dole., check to-day, and at 20 dole. 25c.
River Bank, Deep River. The bank at C iuton and the usual way. Prime sold at 16 dole, 25c. Beef was steady,
Middlesex County at Middletown are the only two in the with sales of about 100 to 150 bile, including country
county that do not pay prime, at 6 dole. 50c. to 7 dole. 50c. ; mess do. at 9 dole
" New London County.—New London Bank, Now 50c. to 10 dole. 50c. ; repacked Western at 10 dole. 50c.
Lo don ,
_• Colchester Bank, Colchester." to 12 dole., and extra do. at 12 dole. 50c. to 14 dole.
Tho _Hartford Press says that from six manufac- Prime mess and beef hams were nominal. Dressed hogs
turing establishments in that city no less than 700 were selling at 7c. to Sc. Lard was steady, with sales of
persons have been discharged, and more have been
250 bls. at 10c. to 12c , with a small lot of sweet choice
put on short time. at 13c.
In Boston, as in New York, wholesale dealers in 4ltne—Sales of about 200 casks were made at 3c„ to
.
I°.
silk and millinery goods have decided to limit sugars—The market was active, and sales were more
credits to four months. The dry goods houses are freely made. The sails embraced about 1,500 hbds., in-
reducing their prices.
eluded in which were two cargoes of Cuba muscovado,
At Wheeling,
Viiginia,
,the Belmont, La Belle, low grades, in b end for export, part at 'lee. Lett for cash.
and Missouri lion Works have determined to sus- The remainder was sold to the trade, chiefly within the
peed. , range of 65c., Vec , and 81c., with a small lot of common
At Brownsville, Pennsylvania, upwards of forty 1 Porto Rico at 7c. 200 hhds. Molado were sold at 40,,
men have been dischvged from Snowden's foundry, and 600 boxes brown ilavannahs at Bc, The same grade

routed by Alvarez with great slaughter. The entire
coast of Yucatan was reported to be in the hands of
the revolutionists.

A letter from Puerto Cabello, Venezuela, dated
the Bth inst., says that—
" The pressure in the American money-market has
caused a decline in all kinds of produce here. Our Go-
vernment, too, is in a fix, and some of the initiated are
not silent in announcing it insolvent. There is no im-
pediment in internal improvements, nor curtailment in
the salaries of officials. The country is perfectly quiet.
The new coffee crop never promised so well, and the
yield of the present season will exceed anything on re-
cord. Washed coffee is scarce, at 15c per Pi of this cur-
rency, and unwashed 121 c to 13e ; cotton, 14c per lb ;
cocoa, 30 dols per fanega of 1101bs, and inferior classes,
26 dole ; indigo, 103 c ; hides, 24c to 26c ; deerskins,
9 dole 500 to 9 dols 75e per dozen ; goatskins, 5 dole to
5 dols 10c ; 20 dole for 2,2401 b, and some as low as
16 dole ; ligeum vitas, 12 dole to 13 dol.; per ton ; and
brown sugar, 6c to 6ic per lb."