New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-03-08
COMMERCIAL AND MONEY MATTERS.


SATURDAY, p. m
The Stock Market rather active 10 day, and
the prices Of fancies were generally better At the
Second Board some Stocks bad downward tendency
Morris went up TO l2l. For Investment Stocks there
Is fair inquiry. and rates are well maintained
The Sterling Market is very much depressed.
and leading banking house has been buying largely
today at per cent for the purpose Of importing Spe
Gle Some sales of little known Bills reported
low az 2. per cent These rates pay large profit On
the import Of Bullion. and immense influx Of meta
must take place while the balance Of trade remains
much against Great Britain at present. large por
ton Of the bills being purchased paid in sixty
day paper which IL thrown into the market for nego
stion at sag per cent. Were the Money Market more
easy the Notes Of Exchange would probably improve,
other houses would go into the purchase Of Bills
The Freight Market is not very active, in conse-
ouence Of the holding back Of shippers who making
an effort to obtain lower terms Vessels however,
not plenty and the figures little lower. The
Relief Committee took up the brig Duncan 81 Sc Cd for
Cork and market and three four small vessels
chartered for Ireland g % and ed for Grain To
Liverpool gid was paid In bags and ship her way
20 Southern port was taken 81 Esd. Cotton to
Liverpool is Ea3d.
The 81 900 and $50 Certificates Of Stock under
the Twenty three Million Government Bill are
ready and being issued in exchange for Treasury Notes
The Notes selling at per cent The old issues
are quite plenty in Wsls and considerable business
is doing at / a per cent premium.
The bill now before our Legislature authorizing
the Controller 10 receive the Stock Of the General GOV
eminent security from Banks under the Free Bank
ing Law is calculated 10 iDure the securities OF our
own State and It's passage would be an impoliiic snd
unnecessary act The banking interest Of the State
now interested in sustaining the credit of the State
large portion Of their funds being invested in these &C.
curtes and being absorbed the Stocks are kept out
Of the market and do not fucuate with every vacils
ton of the Stock Market This steadness of course
gives them an additional value ia the eyes Of capitalists
The expermen. of taking other Stocks than those of
New-York was fully tested when the Free Act first
passed and entirely failed and the amendment restrict
ing the Controller TO New.York Stocks dictated by
the soundest policy Throwing of this restriction in
favor Of Government Stocks will be bad precedent
and will tend 10 weaken the security the public pres
ent hold for the redemption Of Free Bank Notes With
the country in a state Of war i, is Of course doubtful
how low Government Stocks may fall. This movement
is unnecessary as the supply Of NewfoTk Stocks is as
get ample for banking purposes, and II will be time
enough TO take the restriction Of when the supply
fails We have now the best banking system in the
world and this continued nkerDg no, calculated TO
improve IT,
The amount Of exports from this port from list to
5th March inclusive was s5O5,5s4 The arrivals were
49 and the clearances 90 Number Of passengers PIG
OF the exports from 9Th February to 4ih March lnclu
siye, there were
To Grsat Britain Corn. 1881 bush Flour, l6l7j
bbls Meal, 226 ties do, $500 bbls Cotton $50 bales
Rice go tee Oats, ~ l95 bush Tobacco, 1880 los
| MT Beet
Cloverseed 500 lbs Wheat, s446 bush Lsro 90 1853
los Bacon, $1,000 do Rye. l5s2 bush; Pork 80 tics
do l75 bbs Becswax 3,l4q lbs Cheese. l6OUb do !
To FrGHc,-Fiour, $50 tbls; Rice 100 tee do SIS
bags Bone 1882 lbs Cotton, 1877 bales
The export of domestic cotton goods from Bos'
ton during the month of February AS bales ard
cases.
The following rsble exhibits the healthy condi
ton Of the Boston and Albany Railroad The receipts
are upon freight shipped at the East Albany depot
1s4s. is44: 1s4s; 1896 ls47
Jan S662i ~ 1866 90 20,2l6 p 2e749 o. 5lOr9 %
Feb 5l93 ~ 1908 81 1884 81 22344 Sc 1870 Os
The. amount received in the month OF January alone
is almost equal TO that received during January end Teb
rusry last year The increase this year over last Is
s44.362 81
The Marshall Statesman OF Feb % says
The contracts for grading the first fourteen mile. OF
the Central (Michgan) Railroad, West OF kslamszoo
have been let Farther contracts for grading about 70
miles more are to be let next month. We believe Il IS
their intention TO have the road finished through to
Lake Michigan and In complete running order by the
Fall of ls4S. The timber for reisying the first tiy
miles OF the road West Of Detroit TO- we are informed
already on the ground and the iron contracted Tor The
rails are be the heaviest and most durable KIND ana
the relayng will be commenced soon alter the opening
of navigation The Company have purchased new DE-
Dot grounds at Detroit and forthwith to commence
the erection OF spacious car and store house Its pro
posed dimensions are enormous and when completed
IL will probably be the most extensive puhuhe Vi e
kind in the United States
At Baltimore there is an increased demand for
money but thus far it has been met by the Banks
Good paper Is discounted al the legal rate and none OF
that class finds its way to the street
AT Charleston . s25 shares OF the Greenyille
Railroad were subscribed for.
In the Virginia House oil Delegates, ON Wed
nesday the bill giving the guaranty of the State to
100000 worth Of the Bonds Of the Chesapeake and
Ohio Canal Company so as 10 insure the completion Of
the work to the coal nines passed by the decided
vote Of 81 TO So
The Vicksburg Sentinel learns that the severe
rain of the 7th ultmo caused considerable damage to
the Vicksburg and Jackson (Mss) Railroad IL Is said
the whole bottom Of Bakers Greek has been over
flowed and il Is feared tina, the bridge or part OF the
causeway has been destroyed.
AtNew Orleans the Money Market still contn-
tight the pressure being caused BY the dculfy oil
moving forward produce in consequence OF the scarcity
of shipping and the constantly declining rates OF tx
change The offerings in Bank are so much larger than
those institutions take hst good deal Of paper
necessarily finds its way into the street where II is ne
gotated at II per cent per month But little doing
in Texas Securities Treasury Notes l2i 1870 Interest
Notes IA. a l5e Eigh, per cent Bonds l90lsici Ten
per cent Bonds 20i 2lic the dollar. Foreign and
Domestic Exchanges continue heavy, and drawers have
again Teen compelled to submit to lower rates sier
ling 1924 1904; Francs 5f47l d5f55; Bills on New
York, at co days q as per cent discount Checks la
Il per cent discount
SALES OF REAL ESTATE
BY Srif & MorgaE-Lot on South side Albany BASIN
near West-st- l9 by 40, $500.
Narkets-Carsf,lgy reported for Tie Tribune.
SATURDAY. March g.
AsHEs-The market is quiet at s6-Sss and >isli lot
Pearls and Pots