New-York daily tribune., 1844-09-03


Lake Erie.
Spurious notes are in circulation at New Orleans
pufportng he of the Bank of Louisiana, of the denonina
ton OF five hundred oars-not however bearing my Isse, I'M
notes OF some broken Rank The ysnet,e the arms OF Ten
and the right margin az Indian Princess ana on Tie
lett It medallion head. und backs done IN Ied
The following remarks from Fh0mpsons Bank
Note Reporter also the views OF many Of the leading men
IN Wall street. and are we think IN The main correct
We are OF opinion that exchange will from 9 10 10
durng September and TINT nnnfhef million o silver Will lie en-
ported We find that our leading bank are not aver TO
this movement OF specie They reason thn the effect VII I've
the OF interest na en9be them TO keep Their
cy will the draft. be 10 an alarming amount We upprekcnd,
however. that bankers acting with their accustomed
fae for any length of time while the
of best houses sought for III London nj TO "a cent
Such houses Brown & Brothers. Prime, Ward L
King, Jacob Little X Co. command English capital TO al
most any a"nt =, aoo ig rue ,e 81 nna wneh % our III d
TINT foreign capita will be filling The most de lrab'e channels
II true that imports nr the time beng exceeding our
exports Il also thu. all egula dry GootS importers
importing aud that the mnrket for foreign goods
depressed st1e, that consignmen to this country
and extreme follows another. will
our exports very short time exceed our Impo und re
the increased amount will be the result
1t invariably the that when the prco' OF the greu sin
diminished Quunty OF goods There arc TOO few Of our me
chants who understand cause md effect sufficiently IN ms
per 6u,hel his sranaIy is swept-a gees the market and
but moieiy Of the taken in cash the fqmy take
snnush oany The eSpess OF taking to market It IS to
STsi Gs o5 a or % e e n q"a he s a
Ton and the Cotton grower, Tobacco, sc. &c.
From this infer thrt the Fall trade Will be
smaller than the general expecation. aud heavy fall in
mrce AMI large surplus OF goods will be on the HANDS OF our
bbers and Impo ers whn will be s'l woe the pay for
goods sod will not be tohcom according 10 expectation.
'fhe advices by the Ilibcrnia in relation 10 Amer-
Securities rather favorable Holders were firm.
and in there were not many stocks chungnG
hands One house the street which has by previous
received large transfer has 10y the Iiher
received but small amount. Pennsylvania Stocks
higher abroad than in this market On the action OF that
State appears depend the movements o loresn capital IN
relation stocks II she the interest on her public
debt and If the nD> arrangement c0sunnated by the
imposition 10y the Legislature for the payment OF
of the o that State there would no doub, be
demand for the Securities si the States AT largely
prices. Already the attention of foreign capitalists is
turned nvser extent to Stocks and holders
much less disposition sell The following letter lrsm
of the most respectable London bankers who hss devoted
especial attention 10 American securities
Iospos, 18th August. 1914
We are keeping Singic Pennsylvania, because
consider that State the PIVOT which market al pres
Ne are o opinion that almost every bargain here effected
Amencan Sscure' with reference 10 that State and not
until she shall resume the payment ol n'eIe on hei det shall
know whit 10 depend, and consequently how To aci
We haye Is, .nd lenn>y yvanlr stock NJ b OF Newly ork
Sine Stock we bought largely Ut 9S 81! aud III other
'15s s S"Ss W lSF FIVE is45 50 81 do
peS"syvamia F,veS Is t9 0ho Sxes 81 asd: Nasncueit;
,snE F,Ss, lq5 fyc. on q "B y" sras s 8 g i
Fve BsnE ~ s.g ~ Eve, & zaI Is da s Ma5yGsd 3 g
Kentucky sixesgl Tennessee de 81; York CITY FWes9
4 : Bank a6 IS.
Money continued extremely abundant London bu, the
pec of political afn had slightly depressed The Funds The
Tahiti aud Tan ce had been the grounds o slight fears
TINT the good understanding between France ind England
might be disturbed This had had lis effect the English
and French funds; The Globe of the 18th says:
The funds been farther depressed this morning. the
news the East beng Of anxiety real assumed,
10 The specunors Cono i immediate transfer have real
izsd cS 49,, and ,5 9SS and for have been
hehe than Ssa S9 Esclequer bull. have "hained 1S 10
-5s urenu;n Bank stock has quiet lj1s. The
% per enis realized nl7a l0l the reduced lC.1s
10 Gl and the per cents Sts To "a AnnnitlrS
!S}i.
The Railway shnres have been rather f,ely offered
day and although there exceptions the general tone IN
favor OF buyers.
The quarterly average of weekly liabilities and
assets Bank OF England shows slight dcceae in bullion