New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-05-08
EXccaH impts
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over e8p:ss l3,OJc,Ol9 sI1,Vf7''f
Harrison 8 Fairchild Esq. has been appointed
Cashier Of the Bank Of Rochester in place OF ii w Da
vis, resigned.
A Revenue p i'll was passed by the last Legisa-
ture Of Pennayvana The Harrisburg Ineigeucer says
ofitIt Is generally thought that the bill viii prove
wholly inadequate 10 tho purpose for which 1t was de-
sIgued and the Government will be unable 10 continue
the payment of the interest on the Stale debt
The pennsylvania Reporter the OF the Admins
,.alon says apprehension the present Act will
prove entirely deficient and in all probability the credit
OF the State will again be dishonorsd.
AT Buffalo the Money Market was rather easier
The large amount If produce which accumulated since
the opening of navigation and which has been held in
anticipation Of nm improvement, In prices, ha9 materially
tended 10 increase the pressure OF money and forced
many parties seek for accommodations on onerous
,erms For 10 or Is day paper funds can now readily be
negotiated.
The Buffalo Commercial thus speaks of
branch OF trGde
Now Orleans sugars from Cincinnati, via the mismi
canal are beginning arrive, and although the grados
are infinitely superior any we have ever before seen
In our market our friends Of Cincinnati must bcar In
mind New Orleans sugars nj present are quite as 10"
In EewYork as ut Cincinnati with ;he advantage oil
per cent In the former city The freight from
New. York ia cents per 100 lbs less, making dill
ference Of about ic. E ID. in favor Of New.iork The
difference in moasses Is sl greater the value in New.
York being cents per gallon less Than at Cincinnati ana
the difference in freight ~ per ton
The New. Orleans Money Market Mt the last adj
vices was tightening Tho Times of the 2sih says:
The pressure for money, which for some time past has
maniiscd itself all commercials points and from which
we have been singulariy exempt since the commence
ment of the season. Notwithstanding totbs quar-
tor The very best description oshort paper has been
lntcry negotiated - per cent per annum' while sig
natures perhaps equally good, bu, being In commerc%
arlancc sirhted tainted have been dealt with ut rates
carving from / an per cent per month. The large
aud accommodating stocks Of Produce, and more parcn-
lsry of Cotton which is held in anticipation OF more ia
yorabe ndyccs from the other side has Induced many
sanpune and necess;ous parties into the adoption ol
even more onerous sacritces which viii be better M
derstood when state that loans prcd!caied on 'he
pledge OF such produce for period OF ten 10 fifteen days
have been made at II per cent. Long loans secured
bv mortgage are not much favor with c8paists ana
are negotiated with difficulty a, l5@ls per cent discount
per anpum The market for Texas Securities mas con
tnuod n very depressed condition. SO much SO tnat lor
The momcn, therc ia scarcely any market Whatever.
Red Backs l5dl6c Interest Notes, l1elSc, hAeht Ief
Cent Bouis 2lG23c; Ten Fer Cent do ~ O2'c on inc
dollar The demand for Foreign Exchange has been cN'
tremely limited Sterling, q 09 per cent prem Francs
oTl MS 30 The margin between checks ana une olIls
on ,ho North has again widened. the latter being now
Quoted nj az per cent discount, and the former at a
ner cent prem Tho Banks advanced their rates to-
Iav IN ; ner cent prem.