New-York daily tribune., 1844-01-24
Comnerctal and uoncy Matters.
r-For sales at the s,ock Exchange &c see Last peg

~ar sales at The Stock Enchqns, &C. see LGs' pGe
The stock market was firm to-day, and a good
feeling was evinced strengthened by the character
of the foreign advices. The sales were to consid-
cradle extent.
Sterling Exchange is held at 9 prem. for leading
bills, withou, muchdemand; Francs 5 32!.
The Receiver Of the Merchants Marine lnsur-
ance Company has declared a dividend OF 10 per
cent $500 having been heretofore paid), payable on
the 26th inst.
The news by the Britannia is highly favorable,
when considered in connection with the various de-
partments of regular business. The same improve
ment exists in Europe which Is 50 apparent III every
section of this country. Bullion continues to flow
into the vaults of the Bank of England. Money is
seeking employment at from | to 2 per cent and
calculations are confidently made that the rate OF
ineres, on the funded debt Of England can and will
be reduced to % per cent. instead ot3.
The bullion in the Bank of England has reached
the enormous and unprecedented sum OF IA and one
half millions sterling.
The same statements IN regard 10 the great abund-
ance of money in France are made by the French
press. and by letter writers from that country.
The demand for American Stocks for the Cont
nent had been very considerable and prices had ad-
vanced beyond those of our last dates; but the
news OF the Mississippi Election and the tone OF the
Presidents Message had caused falling of in the
demand Itwas supposed that the President would
have been warm upon the subject OF public faith
They quote, however, Illinois and Indiana Bonds at
Al. PENNSYLVANIA Is at 60 Ohio at 90; eX-dividend
Kentucky at 94; and other stocks in proportion.
A letter from one of the first houses IN London
states that should Pennsylvania evince disposition
or manifest serious ntentention OF paving her div
idends. bv levvng such taxation as will cover any
deficit IN the revenue, may have farther ad-
vance. not only in PENNSYLVANIA but in the Stocks
of the other States not paying interest. The de-
mand for such State Stocks as have continued to
pav the interest is constantly increasing, both for
stnent aud speculation: and the time Is not Tar
distant when we Shall be compelled to call your al
! tcntion to this business.
Monevis likel, 10 be more abundant than ever dur
inc the present quarter The dividends are not Yet
paid, vet the discount Foreign Bills is per cent
This extraordinary condition OF the Great Nations
of Europe should induce us TO examine with more
attention the situation occupy. With resources
nnbounCed and increasing wealth, our credit Is sun
under q cloud Could we but induce Tie deiauitihg
States TO meet their Obligations we could command
money from all quarters OF the globe III rate ol IN
terest far below that which we arc now paving, ana
nj saving of millions of dollars 10 the Country
The advices. on the whole, by this steamer we loon
unon as the most favorable that have been received
for a long time All the departments OF trade, 3o'I
in England and on the Continent, are IN heaithy
operation and promise 20 continue so tor some tiihe
One fact is mentioned in letter from hl9i
source. which is of some Importance as bearing Oh
the supplv of the precious metals. II Is thal lnt
sands of a riverin Russia which have formerly ylcld
pd 70 the Government about t60O,t)O0 per annlun o
cold have the present year Welded J. 4,Uoo,UVV
This is enormous, and ii it continues Will create
revolution in monetary matters.