New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-05-19

For Sels er Soch,. Sc. zee FaurtA PAGE
TUESDAY Pm

TrEsDAr,PY
The stock market bad downward tendency Al
the srst board but there serward better feeling
and the market trmer Al the second board Ter
cent Treasury Notes soli At ST. seller o. ihere Il
steady demand for these notes fer Investment There
large sses Of Pennsylvania S. to day and runor
~ss saost thu, the purchases made Erglsh &c
count which is not very likely, considering the cod.
ton the Lorion money market state S. .od at 100.
which Is higher than they have been for long tine
Tbs advance 10 state stocks Is the result Of The a
dcious POLICY OF the late Legislature 10 refusing 81
nit Government stocks basis for banking under
free system There large demand for these stock.
from the Banks about going Into oPefson snd an oeer
of par was made for lot OF co hcd By Of
the wallst Banks and refused
In bills there is bat little doing Sterling IS
heavy ,6ia7 per cent, francs 332i. The increased
movement in produce Is giving the market lsge cup
ply Of bills.
The market lor lroighis is firm, but Lot very
active There j. considerable fresh, Offering bat chip
masters are endeavonng 10 obtain an advance To L"'
erpool 3s Cd and led is asked vessel was taken Tor
Bristol at i5s for heavy freight.
The money market continues very easy ana on
nrst Glass securities loans negotiated at per cent
Paper /. no, plenty and the bes, is sought alter Pr
cent.
1t is stated tha, the steamer would have brought
100000 more In gold than shs did, but thst large
bsnkng house withdrew ,bs, amount after i ws
shipped for the purpose OF dseounng their own pspcr
refused by the Bank and Of syeriipg the hostility hN
institution.
The following letter from Manchester IS from
source worthy OF attention
Correspondence OF The Tribune
MANCHESTER. May }. ls{l
The gradually increasing exports of specie 10 the tn
ted states since the hrst OF January have added mate
rally TO the pressure upon the money market N Los
don but until recently lie severity has not been %
much felt among the country bankers.
The Directors of the Bank OF England Ia order 10
love the wants OF their customers, contio ued their lice
OF discounts with very little curtsment until about The
20th ultimo. when they found themselves IN position
calling for the most stringent measures and the eoarse
they have adopted has created such panic throughout
the country that the usual Banking facilities have
been available and during the past two weeks b"
been difficult 10 negotiate nrst class paper, having sixty
days TO run less than to per cent while for our
months paper as high as and 10 per cent per snnsm
I has been taken
of Gold during the past tour months amount 10 four mi
! lions two hundred thousand pounds sterling ard It's
supposed that about three and half million, more WI
go forward in the next tive months and a. large guam
titles have been recently shipped for speculauons eS
changes wa look for decided advance In your market
! on sterling bills before many weeks espse
We do not anticipate any decided improvement VI iue
money market here for the next six months The e.,
| treme pressure on the money market has depressed
prices of many descriptions of goods and most quAlu'
of gray cloths can be bought at the rates eurreuin
| March but we do not anticipate a farther declines
present stocks very light and most OF the nli
are either working short time are closed entrey
We remain very truly yours
The Bowery Fire Insurance Company have de
eIsred dividend of per cent
The Hudson Republican says" We hear It as
serted that the Controller Is about to give notice for the
sale OF the Hudson and Berkshire Railroad"
There was a good deal of animation in the pro
duce circles today aud the attendance on Change ".
large The market Tor Flour sustained in the nee
of yesterday but Corn fell on somewhat, The private
letters contain very favorable accounts for besds,u-
from London and the Continent although the Liverpool
market less favorable than the Telegraph reports
made a. The desttuton the Continent Is greater
even than former had represented, add large
suPrhe- ~ Iom thls Country 10 supply the ~sns
OF al Europe.
The export Of Domestics from Boston Tor the
week ending May Is. $50 pseksges-yslued at 81
! 775-yiz To East Indies l46 packages Rio JaneIc,
les do Hsyu, 9 do Bananas, 10 do, 81 Peters. M
| do.