New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-05-26
COMMERCIAL AND MONEY MATTERS.
z For sales Of s.ocs., DC. see Jony.a pese.
?. n

uay inc STOCK nstEes h2vlng Gen. Paroles and bis $4,000
men in buckrsm on its chest There va. rattle, good
feeling before the morning dispatch from Philadelphia
received in the Board when prices down. After the
Board prices recovered bit again heavy the Second
Board Six cheers given at the opening Of The frs.
board By the mad for the victories OF Pslo Alto and
Resaco de Ia Palma. Thlse eIuoerance Of patriotism
speedily checked by the hammer Of the venerable Pres
ident
The Exchange market continues 10 decline and
while the low check approximations Of exports Of pc
Gle they operate unavoraby upon the prices of produce of
which the of Exchange Is important element: We
quote Sterling sag; Francs 35a5 30; Guilders 500
S9I Marks Banco $50 35i
The Money market is tighter than il was last
week far learn me deposi: banks are con
tracing and discounng about the amount Of
the!r receipts regular customers In The street paper
GU, Of the first clsss is difficult Of negotiation.
The Freight markets. very active and the amount
o, tonnage in port unengaged quite small. Cotton Arm
at id and Flour in has been refused at as-
although know Of engagements over that fgure.
The Courier taken up to-day for Trieste and British
ship to 20 70 New-Orleans for Cotton.
The notes of the Washington Bank Of New York
Will be redeemed par presentation at he Comprol
ers Office on before the first of Juyand all notes no.
then presented will be disalowed.
The Merchants Fire Insurance Co. have declared
third and Anal dividend Of twenty and onesiItn cent
on csis for osses by FIRE Of the 18th July last
BILE on the 26th inst.
The Bartlett, Steam Mills, at Newburyport, have
declared semi annual dividend Of u per cent
Exchange was very irregular al Mobile al the
dates and The pressure for considerable The
advance OF freghts operated unavoraby II was very
difficult sell bills excepting Of unquestionabe character
The Bank rate for sixty day bills NewYork was Ter
cent dis Sterling per cent LSh: Cheeks on Sewfork
discount American ships were getting ID for Cotton 20
Liverpool and s0tc TO New York. At New Orleans the
rate for Liverpool ID to Havre lc; 10 New-York
alc. Flour to Lverpool7s TO New York 25 Grain
Liverpool 1901 I'D; to Sew-York 23a2oc The amount
Of tonnage unengaged was limited
Alvin Bronson and Luther Wright have been
elected President and Treasurer OF the Oswego and sy
racuse Railroad.
The Money market at New. Orleans had expert
enced little relief but private letters state that nine fail
ures had taken place In one day Exchanges little
better Sterling 81 a6. Francs, 5oc5 40: New York
Sixty Day Bills 304 per discount; Sight u discount
The Commercial Timcs In reference to the embar-
rassnent says:
1.-THE past dnys have elapsed without presenting
the ell ghtest Improvement In money matters In fact we
regret say that things daily becoming worse and
worse Several failures have taken place since our last
and 10 the present cramped condition OF the money mar
ke, only surprising that 40 few s,oppages have ac-
tuay occurred The course which our banks have pur
sued In steadily refusing any discounts has forced bor-
roers into the street where they compelled to sub
init TO the most rates for accommodations rang
ing from 72i per cent per month II is out OF the
oueson that such state of things can continue much
longer without seriously compromising the soveucy oil
the mercantile community, and sincerely trust that
our Institutions will perceive the proprety OF
imuediatety adopting some remedy to this unfortunate
condition OF nars II is obviously their own interest to
do 90 and they have nothing 10 fear but much to gain
In the pursuit ot more liberal policy For some teo
DAYS ms, the Banks have extended the slightest re-
lief 10 the community. and whilst these institutions are,
Of course best judges o their own cspces yet o US
II appears ,n Ruar thai with wefed Golfers and occu-
pyng stronger position thar mort ot The Northern
B.nks they should cseverinely refuse all accommo-
dalton their CUSTOMERS That they occasionally take
limited amounts Of Exchange will not deny. but the
generosity which would dictate the purchase OF 90 DAY
bills ut 3ld4+ cent discount. and Rerward check Tor
them par 6tR cent discount 10 rather oil quesuon
able character.
The business community in New Orleans continue
without relief and a most disastrous state Of things has
come about, The Price Current says:
1.-The combined circumstances TO which we have al
resdy referred having suddenly Frustrated trade yet
remain in force and the entertainments resulting rom
,he operation are bearing It'll almost unparalleled Sc
verify upon the mercantile community Inc eSuaorur
srippent course pursued by the banks Immediately
on receipt of the OF hostties having commenced
ON the banks of tbs Rio Grande confined with advhDc
lug eiaht put sudden and violent stop 10 tne preV'
ousy healthy and prosperous state OF trade ana the re-
yusiou unexpectedly. ana WIN such htounoihe
farce that all engaged feel its effects In
greater less degree Whether the emergency caleu
ior so severe curaimcnt the part OF the banks Ia
douht,d Nv many sna unless relief Is obtained 10
more liberal discount than present the consequences
must be- disastrous. Unusually heavy supplies OF our
principal expert staples burtheu our warehouses; ana
continue accumulate and large amount OF tonnage Is
wanted for their transportation 10 other markets.
The Charleston Mercury OF "Wednesday says -
Wa r,ouss,ed 10 state the State Bank has not de-
cned bu, sin continues usual 10 receive the h oil
the Banks the interior on deposit or III payment o cues
The Augusta (ieo) Chronicle ssys:-The banks
Of thin CITY refused Saturday Last receive In pay
ment or on deposit the bills Of the Bank OF Georeeo~n
C. Wa believe that this course was suggested by
similar policy the part OF one or more oil The Banks oil
Chsr,eatoa.
The Michigan Senate on the last day passed bill
n repesl the charter Of the River Rsi,n Bank. The
Housesruck il out and inserted substitute, directing
the Attorney General proceed by quo rarrGno. The
Senate refused TO concur and between the nothing
VIVA. dome The Cleveland Plandeser of Moudsy ssys:
we have converted with several gentlemen acquainted
with the st4rs of the Bank who say that she Is album
dainty able to redeem every dollar Of its circulation
L, sdds-"we have the more confidence IN ihi, Bank
from the fac, that It's charter granted by Demo
cratic Legislature Gong time acol signed oy Gov Ass
and il, President is Mr. Wing, lately appointed L.
Marshal by President Polk The Plandeset ~ OF
The receipts Of the Central Aiich.) Railroad for
the month Of April were 49,.
r,...,,-, $50 90 6O76 rs
ro. p;h,s ID $50 IS i94l' 90
T,,o, TO Of ll0is %
e., ,,o-s ,ba, one hundred per cent increase. The
monthly receipts since December last have been as oi
lsi5 1876
lows: 64la 1898
y yAuua.s 7?0S IA 254
seolusi' 6e7T ~ o54
ms war .llUls 257