New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-12-08
COMMERCIAL AND MONEY MATTERS.
, r., SALE, Of SOCKS. SC. see Fourth Page.
SATURDAY. ?. ".

SATURDAY, P. "
The Stock Market was heavy Oday, under the
depressing influence of the Message and 1.-THE sn.
sency in the money market losns on sny but good
stocks and all descriptions rather easier Loas
Island and Canton the weakest
In Foreign Exchanges there is nothing doing
Tie rates are as before and heavy Sterling scsi
Francs 27i a. POT.
There was very grea; disappointment felt yesteT.
av a. the non srrivs of the letters received By the
Cambria All business transactions were in consequence
brought 10 stand both buyers and sellers being unwi.
ling TO come into market upon newspaper reports. In
Cotton Flour and Grain the market wss perfectly stag
nso as was also the case with Fregh;s The esec, Of
the ativces cannot Of be known until Monday
The news such have. is favorable for Cot
ton than was looked for there having been some specu
ation Induced by little occasion OF Oregon lever but
for Flour and Grain the advccs not so good as those
m the previous steamer. The deficiency of the crops
excepting of Potatoes had been everrHed and some a
vices STATE tina. the quotations were hsaVy sac OF
5000 bbs states Flour reported NJ 52s Cd sterng IN
bond but reported to have been Made at
Bis Sd sterling Under the news specGs'; W. sac oil
1000 bbs Cenescc made yesterday ri ~ 0V ue.I'eF-
able nj the end OF % days.
The Bank of England had raised the discount rate 10
81 per cent and this had tended continue the revu!'ion
in the railroad share market and tie fancy schemes
had been nil prcked, and the rejection had injured some
of the legitimate roads They were however, recover
nr Tbs money market relieved by the bursting OF
these schemes and the removal Of the apprehension that
immense sums would be needed for carrying railroad
projects. One of the London Money Market Reports
under date Nov 18th says speaking OF the advance OF
the discount rate by the Bank:
The propriety of this step following closely upou
hc former rise in the rate of has been much
hlt w doubt
show that it ia dictated by sound policy and Will pro
ducc healthy state Of the trade OF tho country The
market was in the first instance. much depressed and
the funds then have experienced considerable Hue
tuation frequently rising and falling or per cent in
The course OF one day The sales have generally been
of speculative character while the purchases have
brcn real In fact the character of the business in the
English funds has undergone complete change instead
of the transactions both OF sale and purchase being
arrc and unfrcCuent very quantity OF business
tor money-thc public awaiting themselves OF
the present low prices to invest The individual trans
actions nre extensive, but the quantity OF stock ab-
sorbei this way has been Of sufficient Importance 10
support the market against the extensive speculative
sales tia, have occurred It would also appear that the
mania torspecuston had considerably abated and that
much capital which before the recent depression in
shares would have been devoted 10 railways. is now
seeking the safer course If investment in the public
funds a decided change has taken place in the value
money The late crisis has materially shaken the credit
OF many commercial houses, who from their successful
counexon with railway enterprises were during the ic
yer of speculation in first rate credit and had nm almost
unlimited command OF cash The fall in shares has ope
rated very prcjudicaly these parties not only does
their credi; sut.. but their means cramped, from
the utter i,uposs!biliiy Of reaizog money any largo
extent upon any of the schemes. With the utter
annhilation of almost all the schemes and nearly
total cessation Of speculation in them much sounder
system business appears to have arisen in the Stock
Exchange and money. which formerly in great de-
mnnd at extraordinary OF interest, IL
quite abundant, there We urc glad to find from DAY TO
day an increasing confidence in Consos. and in the
,abishcd lines OF railway. which ia most satisfactory
The markp. O day shows 1Tinuess than Tor
time past, Consols closing 96i to J.
business in the manufacturing districts was not gene
rally favorable but there nothing epprehen
sion.
The exports OF this port for the week ending Dec.
were sis5,a79, of which sis2is6 were in American
The arrivals 90 OF Is American and
the clcarances Is of which 10 American. Passen.
gers arrived 1923
Exports Great Britain from 2stt Nor. 10 iM Deo in.