Mobile daily commercial register and patriot., 1841-10-11
(Commercioi Correspondence ofthe Register.)


 NEw-YoRK, Oct. ?, 184l.
 The feverishness of the money market has some what increased during the week under the combined influences of the movements in regard to Mcleod seizure of Col Crogan the border tue rise in for eign bills and the consequent continued shipments of specie, together with the stoppage of the Commercial Bank of this city. All these events have conspired check any disposition to invest that might have isted the part of either banks or capitalists. An increased pressure is apprehended from the ton of the banks, but this cannot affect the regular business of the city because of late it has been fined to cash basis and the banks have been unable to find suficency ofgood bills for discount. Those at short dates constantly maturing, consequently pressure that quarter is 10 be apprehended. The country banks have however, been more liberal rather less cautious in their movements and have pushed their business depending upon the accommo- dations obtained from their corresponding banks in the city. This has been encouraged by the city banks by of the above mentioned inability to employ their funds in regular way, consequently any traction fall upon those country institutions ,and many of the weaker expected to stop, in the same manner that the city redemptions of all were stopped by the curtament of the city banks in 1889, to protect themselves from the movements of the U. s. Bank at that period. The difficulties arising from political causes may be expected to with the favorable termination of McLeod's trial. That event is however doubtful, the evidence against him is strong and direct, while his chief defence to he to sustain aibi, through the testimony of his kept mistress, Miss Thompson. It Is highly probable tl,a la nd al ordered, which may be as detrimental to commer- cial affairs almost a conviction. This uncertainty continues to have depressing effect upon stocks and prices of all stocks have fallen. The govern ment have issued proposals for S2,000,0OO of the loan raising the rate of interest per cent. the limit of the law, without success-no offers have yet been made for and probably could be done over S. This is unfortunate just now when foreign bills are so high owing partly from the panic in ton bills, because if the loan was taken it would be sent forward and drawn against like the lost OOO 900 taken by the Bank of Commerce against which | that concern is drawing at 10 per cent Other bills | are selling at-Sterling, 9aa92; France f5I7ta | 5.lSa; Amsterdam 404a40a; Hamburg 36sa364; | Bremen 7S2a79 The amount of sales has been small and remittances in specie have been to a fair extent. The rates are-Mexcan dollars l2a2 | Spanish 5a5a; American halves 2al; five francs 95; sovereigns $4 S5; Am, gold prem. The shipments have been follows:-
 Per Mediator for London,. .......... BOG, ,000 |
 e Charles Carroll for Havre ...... .192,912 |
 South America for Liverpool l5,O ,OOO |
 Steamer for Liverpool, about. .. 3OO,OOO |
 Total. .sO7 ,9l2 | At the examination of the bank commissioners in | August, our banks held little over $5, ,OOO OOO.- They now hold about $4,OO0 ,0OO, which is about | equal to the circulation. The banks are generally sound The stoppage of the commercial bank crea- ted surprise. It has long been totterng, and there one or two others that will follow.
 Domestic exchanges do not vary materially. The usual demand Cat this season) exists for Northern funds, but rates do improve under it. The fol- lowing the rates
 Philadelphia, =. 2Sa 2a Montgomery. g 9a Baltimore. ... ..l2a 1s Tuscaloosa. .9ia 10 Richmond ..... .3sa 3l N. Orleans. .. S4 a B Charleston. .... .l4a la Louisville. ..6t 6l ..2 2t Nashville. ...l0a a Il Augusta. 8 St. Louis. .94 10 Mobile. ......S Saa 8 Cincinnati .. .sa s The cotton market has been heavy and although no actual change in quotations can be made-holders have shown disposition to concede the reduction demanded by the shippers. Some new crop has been rece,yed, the quality of that from New Orleans is good; but the Georgia averages middling to mddlins fair only of the latter sales have been at 9l. The whole sales of the week may reach 27O0 bales, of which 1850 Upland 74alOt; 800 Mobile 7lalOa; 250 N. Orleans 7aa1l. The market is now waiting the advices per the Acadia expected tomorrow.