New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-03-31
COMMERCIAL AND MONEY MATTERS.
IL For sales of stocks. Sc Sc. fourth page.

MONDAY, P. NJ.
Although the money market continues stringent
and the clouds OF war look murky as las. week and
Sterling il still up to TO- ye, the stock market is ouoysht
TODAY and the advance in the fances considerable
AT the Second Board the upward tendency waa strong
The only explanation of the rise to-day s the suppos
lion that the bears have overdoue the short business
and are buying in.
The demand for Sterling has fallen Oft TO day, but
the scarcity OF bills still keeps the rates firm No.
bills are selling at el6l0; Francs 25f5 23;. The
supply Of bills has been somewhat increased by bls re-
ceyed by the Southern mails AT 10 bills pay fair
profit drawn against specie shipments
The money market continues close, and probably
will remain so while Sterling 10 per cent and specie
shipments impending.
The MUM Land Co. have declared dividend OF
fifteen dollaro per share, payable on demand.
Our paragraph about the Life Trust Co. was
wrong The following is correct Mr.. D. Thompson
the Cashier of Bank of America has been appointed
10 the Presidency OF the New.York Life 81 Trust Co
made vacant by the death OF Mr.. Townsend MIR. Pun
nett the Fist Teller Of the Bank succeeds Mr. Thomp-
son in the Cashiership. r
The ST. Louis Era, of the 18th inst says-The
steamer Rsdnor arrived yesterday with sos 600 in sp
Gle on board $50 900 of which is from the Branch BANK
of Lexington for deposit in the principal at this place
and $4,000 from the Plattsburg Land Once under Inc
charge of Mr. Hughes beon cling TO Government,
The lensthening of the Port Dalhouse Locks is
now completed The Weand Canal will be ready for
the passage the full sized vessels the Let of April
The Philadelphia Ledger says The Bonds OF the
ehiph Navigation Co. have advanced about 20 per cent
within the last three months The shares OF the Com
pany have been as avoraby affected The cause OF this
great and sudden appreciation Of the credit OF this Com
pany is attributed TO contemplated connection OF the
works of the Company with the Somervie On. j. Rail
road as well as to the fact that the Company about
making for paying the current interest on
the Bonds in coal at the mines Should the necessary
grant be obtained from the Legislature to enable the
owners of the Someryie road 10 connect with the
Lehish Navigation, and the connection be made there
can be no question that the result will be beneficial TO the
Navigation Company Thus far the application pending
before our Legislature make the connection has pro-
crossed without serious opposition.
At Cincinnati money is rather easier. Exchange
on the East quite and FRI, at per cent. Specie
Il al prem.
The Pennsylvania House has refused by vote
Of 80 to 81 strike from the Revenue oil the clause tax
ing Anthracite Coal 10 cents per ton. proposition 10
tax Biturnous Coal ?. mills per bushel lie before the
House.
AT New Orleans, the Times of the goth says;
There does appear 10 be much Inquiry for money
out of doors and market may be styled easy from
the fact tina. there is but little paper offering good as
natures at short dates will go down al SQlo per cent
discount and long loans secured By mortgage at III per
cent per snnum. The market for Texas Securities has
remained quiet but extremely firm, and holders show
no inclination TO part with their funds al present rates
anticipating they d. that action will shortly De
taken in the National Legislature with regard 20 the
debt We quote Red Backs Gle; Interest Notes 2ic.
Funded Deb. . 02Tc. Eight per cent Bonds 3O03lc;
Ten per cent do b 33c the dollar. There has been
few days for the OF the lat proximo, and draw
era have again succeeded in obtaining advanced rates
We quote Sterling 81 al per cent. premium Francs 81
%! c5 IS. Bills the North are scarce, and have IKE
wise been in active request. We quote New-York, 60
days !G2i per cent discount; Checks i6l per cent
discount.