The Sun.
London, England, 1857-11-06 00:00:00

NEW YORK COMMERCIAL REPORT.

FRIDAY, OCT. 23.
Ashen—• The receipts were light and prices were firmer.
Pots were saleable at 61c, while pearls were scarce at
6c, and few or none to be had at that figure.
Breadstuffs—Flour : There was a good domestic and
eastern demand, with some purchases for export, while
the market was firm and closed at an advance of about
5c per brl. The sales embraced about 9,000 to 10,000
brie, at about the following quotations :—Superfine
State, 4 dole 70c to 4 dole 80c ; extra State, 5 dole to
5 dela 25c ; Western Ohio and Ohio superfine, 4 dole 70c
to 4 dole 80e ; extra Ohio and Western, 5 dole 25c to
5 (leis 70e ; Canadian superfine and extra, 5 dole 10c to
6 dole 75c; Balcimore, Alexandria, and Georgetown,
5 dole 40c to 5 dole 50e, ; Southern fancy and extra,
5 dole 90c to 7 dole 20c ; choice extra family and
bakers' brands, 7 dole 25c to 8 dole 500 ; rya flour,
3 dole--24c-te, 4 dole 60c ; corn meal, 3 dole 25c to 3 dole
80c. Canadian was firmer, with sales of about 400 to
500 brie at the above figures. Southern was in
better supply, and prices closed heavy for common,
while extra was unchanged, The sales embraced
aboat 1,500 barrels to 1,800 barrels at the above
figures. Rye flour and corn meal were steady at the
above prices, with little doing. Wheat—There continued
to be a good demand, while prices were without change
.of moment for prime to choice lots. Common and me-
dium grades were easier. The sales embraced abOut
25,0.00 to 30,000 bushels, including red Southern, at 1
dol 25c, 1 dol 30c, a❑d 1 dol 34c ; prime to choice white
Southern and Tennessee, at 1 dot 40c to 1 dol 48c ;
Chicago spring and Milwaukie red, at 1 dol 04c to 1 del
; and Indiana and Ohio white, at 1 dol 25c. Corn
wag easier, with sales of 20,000 bushels; Western mixed
at 69c to 70c, with one cargo out of order at 68c. Rye
was quiet at 80c, Oats were steady for State and
Western, at 47c to 50c.

The New York Republican State Central Com-
mittee had issued an address to their friends urging
them to instantly organize in support of the prin-
ciples and candidates of the Republican party.
From Washington a despatch informs us that the
President, hearing that ex-Prsident Piece contem-
plated visiting Madeira for the benefit of his wife's
health, had, through the Secretary of the Navy,
tendered him a passage in the steamer Powbattan,
which was on the eve of leaving for the East Indies,
touching at Madeira.
The Liverpool packet-ship Jacob A. Westervelt
took fire in New York Harbour on the 23d in her
cabin, and before the flames could be subdued she
was damaged to the amount of about 2,000 dots.
A meeting of the directors and shareholders of
the New York and Erie Railroad was held on the
22d in the lecture-room of the Mercantile Library,
for the purpose of raising subscriptions to relieve
the road from its present financial embarrassments.
About 400,000 dole. were subscribed, and a com-
mittee appointed to collect subscriptions.
A convention of delegates from New York coun-
try bank was hold at Syracuse on the 22d. 0 wing
to the insufficiency of the notice given—the cir-
culars calling the meeting having been destroyed
by the burning of the mailbags on the Central Rail-
road a few days ago—there was but a thin at-
tendance, only 36 delegates being present, re-
presenting a capital cf some 6,000,000 dole. Re-
solutions were adopted recommending the coun-
try banks to discount to the extent of their
ability, and to aid in bringing produce to the
seaboard ; also appointing a special committee to
effect au association for the mutual protection and
interest of the banks, and to arrange a system of
redemption and exchange. Tha delegates expressed
themselves very freely with regard to the city
banks. The meeting stood adjourned, subject to
the'call of the special committee.
Several large and extensively known houses in
New York had signified their willingness to receive
consignments of flour and grain from the West,
among whoMbesides Messrs. Spofford and Tileston,
we may mention Messrs. Grinnell, Minturn, and
Co., and others had been mentioned as willing to do
the same thing, and to pay freights and charges to
New York, with the view of aiding in the move-
ment of breadstuffs from the interior to the sea-
board, by which the present pressure might be
alleviated and exchanges equalised.
Commercial affairs continued in a very unsettled
and unsatisfactory state. The 11, ew York Rercad
of the 24th, in its review of the previous day's
money market, says :
"This (the 23d) has been every blue day in wall-street.
So far as the stock-market is concerned we see nothing
in the immediate future but depreciation and disappoint-
ment. As for speculation, it is out of the question.
The bulls have a very gloomy aspect, and outside
holders of stocks who want money must make up their
minds to take lower prices. At the first board to-day
Virginian Sixes declined 2 per cant. ; Bank of Aim rice,
1 ; Cumherlind Coal, ; Pacific Steamship Company,
2 ; New York Central Railroad, 1i ; Galena. and Chi•
cego, 2z ; RFadieg, 1 ; Michigan Southern old, 11 ;
ditto preferred, 1 ; Panama, le ; Illinois Central Rail-
road, 1 ; Cleveland and Pittsburg, 2 ; Cleveland and
Ti ledo, 1 ; Chicago and Rock Island, li. Illinois
Central bonds alvanced 1.1 per cent. There is no life in
the market.
"At the second board the decline in prices was to
some extent upon a very limited amount of business.
Nearly all the transactions were for cash. Virginia State
Sixes fill off 6 per cent-. • Erie bonds, 1871, 2 ; Pennsyl-
vania Coal, 4; New York Central Railroad, 3 ; Had on
Railroad, 1 ; Michigan Southern preferred, 1 ; Erie
Railroad, A ; Reading, 2 ; Panama, 2 ; Chicago and
Rock Island, 4u ;La Cross and Milwaukie, Stocks
are rapidly running back to the oil level.
"The apprehensions in financial circles regarding the
course of the money-market and money matters gene-
rally are as great now as at any timo during the present
revulsion, and the panic is as wide-spread and as iutende
as at any previous period. The next steamer from
Europe is looked for with the greatest anxiety. She will
not bring the worst by a great deal. Up to the date of
her departure they had received in England nethiag
worse than the suspension of the Philadelphia and Balti-
more banks and a few heavy failures among the com-
mercial classes. Wharf the news of the suspension of the
banks of the City of New York arrives in London there
will, beyord all doubt, be a panic equal to anything
realized on this side. The susee melon of the Bank of
, England and the Beek of Franca are events we shall
not be surprised to see reported by any steamer after
that. We do not see how they can continue specie
payments in tie face of an active demand for gold for
shipment to the United &etas. Wo understand that
a large amount of sterling bills of exchange were re-
turnee by the Europa. Bills drawn by the Pennsylvania
Bank in Linden were returned protested for non-
accep' ance. They are supposed to have been mere kites
for vpeculative purposes. Bills drawn by Robb, Hallett,
and Co., in London, were also returned non-accepted.
The return of them bills must create a great deal of difii•
culty among houses here who remitted them to meet
maturing liabilities abroad. The acceptances in London
in antic potion of remittances from this side to meet the
bills, have, of course, been made to an immensa
amount ; and as no remittances have been made since
the revulsion here commenced, the position of houses in
London must be rendered very precarious.
"Tee assistant-treasurer reports tc-day as follows :
Total receipts $102,597 94
'IAA payments ••• ••• ... 140,997 06
Total balance ••• . •.. 5,910,106 52
Of the receipts to-Jay $41,000 was on aecount of duties.
" The total number of faileree officialy reported
since the let of August is about 000. It is estimated
that the total liabilities of these su,pensione will anaorn-
to full 90,000,000 dole. It will be seen by this that
there is plenty of food fir a general bankrupt law.
During the whole of the revulsion iu 1837 :he number of
failures reported in this city was about 500 ; but the re
tures under the bankrupt law, in 1841, showed that
5,000 took the benefit of that ace, showing liabilities
amounting to about 50,000,000 dole.
" The announcement of the suspension of Robb, Hal-
lett, and Co, this morning created some surprise. Tnie
is a branch ef a house of the same name in New Orleans.
The bank of James Robb, of New Orleans, is a stock
company, and therefore a separate concern. The house
of Tallest and Wilfe, of San Francisco, was founded
some years since by Mr. Robb, but it is, wo believe, in
no way connected with the houses here, except in their
eschaege operations, which wile we understand, be pro-
perly protected. Messrs. Robb, Hallett, and Co. have
a branch house in Leaden, and they have done a very
large foreign exchange business. A good many of their
bil s, it is reported, came back by the Europa.
" The Lebanon Valley Railroad Company has been
obliged to suspend its work near Aarrisburg, and 550
labourers are diesharged from its unfinished sections. _
" The work upon the whole line of the Auburn a:ol
Allentown Railroad was stepped last Wednesday, owing
to the suspension of Messrs. Chntcau, S.a iford and Go.
All the workmen have been discharged.
"The. etc:unship Persia, from Liverpool,
tyae boutnce f
rdoulue
at this per:, with seven days' later inte
Europe. Her arrival is
bring will be of the
lookeefor. We
have no doubt the edvices she wi11,1,0
full fiirco of our
Nnn before
f
most unfavourable character. Thu
in
financial revul-ien
her depeiture, ant the, will
Effect will will havoLost
'rho difficulties and embarrass-
meets the nenee-ra'r". E -dead heel: doubtless, been
meets of the 13.;0k of .
ts
s.verely ar•gra"--;l by the iu lli gence
country, and we may look for
teken out from this ,
ee account
meet gow .s. l'ae bankruptcy of our large
rselroeti companies must be unfayeurable in elligeece to
a !ergo body of European and to those houses Sbandan, Captain
QUICK PASSAGE. The clipper ship
directly erm"ce cd with the tioancess a these companies ',Vela r Grei has just made the pas age from the Q.it:bec
tie Lowe will he cf the most startling importance. The to 6.1 -d
seventeen days, which, so ar as we are aware,
Aiiglo-American banking houses el London will be the ' Ye f(1. 1 ton record for a sailing ship. She is
most serious sufferers by the collapse in our railroad cis th.
A-
es
.1 nautical men a perfect inedel, which
considered al
credits. Several of them must be very deeply not little for our Clyde buildenz.-0/$3l/01Q DGtily
involved , says. a
and their capitals, however large they may be, may not. Mail,

" Coffee—Tae auction sale held to-day was a fair one,
sustained prices. About 1,310 bags of Rio were sold
at 108 e to llac—average, 10 60c ; 700 to 800 ditto.
Marcaibo were so'd at p t ; 50 Rio at 11c; and 100
mats of Java at 16 is ; and 40 Maracaibo at 12c.
".Cotton was quiet, the stock very light, and no sales
of mo►nent were reported. Sales were made (reported
yesterday by telegraph) in New Orleans at Vto to 10c
for middling to good middling, with sales of 3,500 bales.
Freights—To Liverpool about 15,000 bushels of corn,
la bags, were engaged at Gig ; 10 tons of oil at 22s 61 ;
flour was quiet at 2s 3d, and cotton at Ad ; 400 boxes
cheese wore taken at 25s ; 400 barrels lard at 20:. j and
300 barrels rosin at 2e 3d. To Landon-11 barrels ashes
were taken at 27s 6d, and 300 barrels rosin at 2a 31.
To Glasgow-5,000 bushels of wheat were engaged yes-
terday, in have, at Bd. A vessel was taken fi,r deals,
to load at St. George's for Liverpool, at 775. Rates to
Havre were unchanged.
Fruit—The sales wore confined to about 200 to 300
boxes raisins at about 2 dole 50c to 2 dole 60c, and layers
at 2 dole 75c to 2 dole 60c. Halves and quarters were
unelianged..

Hay was in fair shipping demand at 55J to 650, with
sales of about 300 to 400 hales.

Iron was dull and prices unchanged.
Limo was quiet at 62(.: for• common, and at 1 dol for
lump.

M
lases—Sales of 50 hogebeads Cuba muscovado
and 34 ditto Porto Rico were made at private tering.
Navel Stores—The market was steady for spirits, with
salon of 400 to 500 barrels at 40c.for cash. Crude was
firmly held at 3 dots 50c per 280Ib. Common rocin was
heavy, while sales of about 2,000 barrels were reported
at 1 del 35c to 1 del 40c per 310Ib delivered, and
about 1,200 barrels strained No. 2 were reported at 1
dui 05c per 3101 b. Other kin's were quiet.
0 is—The market was heavy, and sales-of about 3,000
to 4,000 gallons of American linseed were made at 63c
to 65c cash. The chief movements in crude sperm and
whale was confined to shipments hence ar.d from Now
Bedford for Europe on owners' account. Smad sales of
relined winter bleached whale were reported at 85c,
four months. There was no movement worthy of notice
in other kinds.

Provisions—Pork was dull and lower ; the sales were
clnfined to lots of from 100 to 200 brie, including mess
at 20 dole 500, and 16 dole 500 to 16 dole 75c for prime.
Beef was in limited demand, and the market "heavy ;
sales of western repacked were made at 12 dols 50„ to
13 dols 50c, and 75 b,le extra country prime sold at 9
dols 25c to 9 do's 75c, and old and new mess ditto at 10
dole 500 to 13 dole ; other de,criptions were unchanged.
Bacon and cut meals were quiet and nominal. Lard was
unchanged, with sales,of 100 to 130 brie at 12c to 13c,
and choice at 14c. Butter and ehee,e were unchanged.

Rice—Sales of 2,250 bag,..170f -671cu:taWere made at
p t, and small lots of Caroline at 33 to 43.
Sugars—There continued to be a good demand from
the trade. and pria,.s were firmly maintained. The sales
embraced about 1,261 hhds, included in which were 261
.12
lihds. Porto Rico at 6ic, 810, and 8 c, and the re-
mainder Cuba mucsovale at 6,ie, 71e, aid 83.
Tobacco—The business 13 unsettled and very little
doirg. The sales embraced 23 hh-1,,, Kenimeicy at 8,,,
to 14u ; 32 bales Havana, at p t ; 133 bales Cuba, at
this article
article •
p t ; 9 bbds stripes, damaged, at auction, at 33 to 6:}c,
average 613.
T—hSeraelesisofy4eotOnbortlshinng-eredominagdehai at INNV'hooisilLY
the trade is per;ectly stagnant. We have nothing to
report either for cash or on time. We .
ime. ' e continue our
quotations, for we cannot give a correct value to any
description of wool. A cash buyer can make his own
price for any kind of domestic.