New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-11-20
COMMERCIAL AND MONEY MATTERS.



The Stock Market was again depressed today,
sOseisy Harlem which fell Of 81 v cent The cause Of
srse decline tine sale OF 500 shares OF the stock
b,pO,hecs.ed by the Company with the American Ex-
change Bank 40 There appears to be some mystery
bou, this stock understood that the loan WAS
arranged and that the stock would not come on the
MARKET The fsncies generally sympsthised with Hsr-
.n There were sales of Treasury Notes at the Sec
osd Board at discount
In Exchanges there is not much doing. There
nsr supply Of Sterling, and quotations steady at
@90 for leading bills. Francs are 5.23s a 22t, and
kHtrm.
Tsre 10 more doing in Freights. Cotton has
pn engaged st4d Flour at l5d and Grain at Cd Heavy
soSs lssQ25s To the Continent there Is not much
da,s
About half the receipts at the Custom House are
pwln Treasury Notes, and the smount paid In would
larger but for the obstacles thrown 10 the way OF
sar reception The Custom-lIouse gives no change,
phst the note must be the exact amount or lees snd
rsass troublesome formalities which drive many TO
xgod to save annoyance.
No arrangement has yet been made to pay the
ardue Treasury Notes at the repositories ana 'hey
uuss be sent to Washington An order from the sec
nsry TO Mr.. Bouck to pay them here would be greet
eavenence TO merchants.
We understand that drafts from Mexico on the
Oonmisssry here are refused payment under the INV
sous rule that the duplicates must be all presented at
ne ssme time with the original This is a very en-
Afrssslpe reousiton as OF course the duplicates oil
drafts are either KEEP, back or sent forward by offer
snt conveyance No merchant ever requires the pre-
sensation OF more than oi set OF bills
Tha rLot, - without much ChaUEF--n0
worse than before The Banks discount moderately Tor
their dealers bu, call In nearly all their oans The
by the Acadia due, If favorable Will have
very impor,sn, effect upon the Money Market.
The report OF the suit Smith VS.. Mechanics
BANKING association in yesterdays Tribune Involves
principle Of ths utmost Importance to s our banking
Institutions II mere verbal notice from 'no cc'A "
dealer given a, the desk during business hours while
the Teller is engaged with others 10 ren'er ne DsnA
liable 1. no, too much to say that the Banks had bet
ter wind I'D as soon as possible But In this case II was
not proved that the Teller had received any notice
The testimony OF Smiths Clerk only went 90 iar s'
prove that he told the Teller not to pay any cheeks oil
certain description. But on his cross exsu'ns"on NC
ssys that the Teller busy and made no reply we
hold that proper notice could only be gwen I'D "rne
and that such notice TO the knowledge Oh tue
President or Cashier. Suppose such Veroa' no'oe
to have been given and the Teller sfterward
absent and his place taken BY suosher CLERK no" co
,oeb clark have had any knowledge OF such notice
We presume trial will be- the result Al less. -
To Be hoped tina, no such precedent will be regarded Is
Law.
Gov Neil Brown IN his message &c the LeSlsla
tara of T.nne.see recommends the continuance OF The
Bank Of Tennessee and the restoration OF poron 81
Las, o The branches discontinued by the last Lesiss
,o,s He ,,sles that no provision has been made TO
hs Ara, iustslment Of sl250o0 on the bonds Issued
for stock io the Union Bank soon TO fall cue 10 saa
ton 10 tbis is the deficiency in the proh oil the bSok
If Tennessee to NEE, its Notwithstanding on the
lat of July lsi7 to sll5243 49-mssipg together NE
.yyree.te sum of S2402 4s A. to be supplied oy 'ne
Treasury or in some other mode The Governor says
,n,, If the Legislature deem that the income oil tne
s.. will be insufficient to meet It's liabilities IL toer
du,y 10 resor, TO taxation.
The subject OF tares on produce has attracted
much attention s.ey and the imposition to which deal
ar. i lard butter tsow sc SC have been subject by
frsuSuen, packages have been unbesrsble. We see
ma, the New Orleans Chamber of Commerce at 9 spe
e,.l rre ,,pgs has unanimously recommended the scop
,,o of cual tares after the Let day of January ls4s
This il the only true system aud should be universally
.so,,ed The resolutions OF the Chamber were
s,..l,,s That II Is recommended by the Chamber OF
al Nes Orleans that the per centsee system
OF t.re, now existing the articles OF lard butter
ehee,~ tslow s,ssrin. sugsr aud rice Dc abandoned
tom rd sf,er the hrt dsy Of January next lo4s ana
Tbs, scsu.i tares be allowed 10 lieu thereof
Rssolrsd That In contested cases II 10 reeounivnoeu
TIA, nve Der cent Of the packages selected eqas)
the two parties 10 the TRANSACTION De empueo SUI
tsh,d under their inspection, TO form the o@ Oh INC
-.-
R,solrsd. That II be recommended that the expenses
a enp,yipg weighing and rePaekiog be borne eqasn>
b. The parties .....,
Rssolsed Toai il be recommended that two per cent
be- allowed as tsre "a coffee 10 bsgs from and alter ihs
hr,t dsy OF January next le4s.
This subjec. Of esin,erestto many oil our mer
chants and they will be- glad TO that their complaints
have attracted attention IN the right quarter.
TIE number Of passengers transported from Oct
49, 1876 10 Oct l6 lsf7 over the msd River and lske
Erie Rsilrosd, % 035. snd the smosnt received
therefor SIS ls0 Is the amount OF freight sl9oo7 p
t,al tll7s4s 6i. There were $40 s97 bushels whest
transported over the road during the same period.
Coat OF transportation for twelve months 80 o4e a..
The length OF the road 10 l3sa miles Of which l02 arc
a. oversiion The cost Of the road far completed,
viz from ssndssky City 10 BslfontSne IL s7os2o5 &c.
The supsr.uuc.aie 10 completed, AM the iron Is now
beng laid between BclfOusaiuc and West Liberty, dis