Mobile daily commercial register and patriot., 1841-08-16

In stocks very little was doing United States Bank had declined to Al l4i. This is said to be owing the immense quantities forced the market by foreign holders.
 In Foreign Exchange, for the Great Western, which leave the 7th, bills rather scarce and pr ces of descriptions improved shade Sterling is quoted at s3, with st per prem; French 5 25
 There only one million and half of the twelve million loan thrown into the market. Of this amount s3OOOOO obtained in Boston, from St to 2-5ths interest-and s5OO,Oo0 in New York at 5s per cent, through Messrs. Ketchum Rogers and Bement ts whom the Secretary had addressed himse and who made him prompt offer at the same for the twelve millions This declined
 At Philadelphia there was quite panic among the holders of the of the U S. Bank The correspon dent of the Journal of Commerce says:
 The discount upon in the three four days have up from Is to 23 cent and indeed few pur chasers found the latter pricesome of the brokers refuse buy them at less than 25 per cent off for cy, for specie. There many who under the - y0rabe put forth by the managers Of the bank and it's retaners, that h would pay only all it's debs but leave something like half its capital invested their money it's under the system which the bank adopted of funding it's circulation al cent interest," payable any time in the same currency Many of these unders are now frightened and drawing their depos-
 ties and crowding them the market for whatever they will bring.
 "In short there is general fall of prices U. States Bank is down to l43 which IS lower than it ever before sold in this market"
 On the 7th in Baltimore, there sale of 40 Mo bile cotton 12tc.
 NEw CorTos.-The steamboat Kansas brought down two bales of new crop Saturdaythc first of the The qualities are different, one chasing air to good fair and the other fair They grown by Mir. T. Gilard, Monroe CO.,, and consigned to B. Boykin, Esq., whose office, learn they will be exposed for sale today It has been well handled, hut somewhat cut in ginning The and staple both good though the lively should like to cotton of that quality. Upon the whole, we consider these samples very favorable specimens Of the coming crop certainly much superior the first arrivals last The last year (x haes arrived here the 22d August, and sold for SIC The year previous the first
 The above mentioned cotton has been sold to-day at lla cents.
 Wm Mex. Ball, Cashier of the Branch of the State Bank of Arkansas and Fayetteville, recently absconded to Texas, leaving the bank minus S64,OO0.
 The quantity of lumber brought into market from the forests of Maine the year. is estimated in the Portland Advertiser to be hundred and sixty millions of feet which on an average worth per thousand feet and yielded Sl6OOOO0. It is added that the other rivers in the state yielded sxty-fve millions more which will make the aggregate product of the year S2 OOO.
 On the 2d inst the citizens of the county of Coweta (Ca) met and aer the reading of preamble setting forth the inconvenience and loss attending the depreca ted currency of the state adopted the following resolu tons, and pledged its members to adhere to them
 lst Resolved That ater the first day of Nov next,we will receive in payment of debts due us other than the bills of promptly specie paying banks, the bills suspended banks their specie vaue specie being the basis.
 s2d. Resolved, That urge upon Legislature rig orous legislation the subject of Bank suspensions in time of peace"
 We have already noticed similar proceedings of meet ings held in other parts of Georgia The consequence of this determination repudste the ragged currency of worthless money manufactories has been to make the bankers of the look sharp to their aairs They scent the storm the distance and already like discreet mariners, are beginning to prepare for it.
 These are about the rst indications we have had that