New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-22
COMMERCIAL AND MONEY MATTERS.
For Sales Of Ssoeks, &c. zee Fourth Page.

MONDAY r. NJ
The excitement in the Stock Market continues
and the sales larger at generally advancing prices
At the Second Board there little reaction. For
the present rapid rise In fsncies there sufficient
basis II has been caused purely by speculation
among the bears and bulls of Walst aided by the out
siders who have been drawn in by the temptation Of
making rapid fortunes. The in the Money Market
has enabled stock obbers buy and large qusn
ties Of stock and prices have thus been advanced far be-
yond the actual value. Some of the fsncies have IN.
doubleday improved in value lately through legitimate
causes but rise Of to per in dsy can only
bs sscribed TO speculation. The condition Of the coun-
try at large Is highly prosperous. snd Of the non
dividend paying railroads the receipts have increased
but ss general thing there is good reason that
fancy should be per higher than Il was last
month The revulson which inevitably follows these
rapid rises in the Stock Market must aud We con.
slider 1t our duty advise the public large 10 let stock
gambling alone It ia quite dangerous and expensive
az the cards the dice.
In Bills there is nothing OF importance doing. Ster-
ling is quiet at G06i, Francs 1921.
Freghts are active and steady. There is large
demand for grain vessels Of moderate tonnage. For
Liverpool the ship Kate Hunter taken at b Cd
for -four and l0dald for grain; three other ships were
taken Be Sd for -four The New World has 90 900 bush
els Wheat at l0d In bulk and 1000 at l0d in bags seve
engagements Of parts Of cargo made at 3s cd to
Liverpool and Dc to London. 1000 bushels Corn were
shipped at 3D. and vessel was taken for Bres al % cts
for grain.
After the Board today there were some cOnsid.
cradle sales of Treasury Notes at n premium.
The amount Of specie imported at Boston for the
week ending June 70 is sll72sO Exported during the
week $4,000
At a meeting of the stockholders Of the Central
Railroad Company held IL Detroit all the Directors Of
the past year reelected The construction of the
road to Michigan City will probably be completed with
in year sixteen months The committee appointed
to decide upon Western terminus have selected New
Buffalo for that point -
Theresolution proposing subscription Of 100000
the part of the Baltimore and Ohio Railroad TO the
Pittsburgh and ConnelsviIe Railroad Company. to ex.
tend the road to Pittsburgh has passed both branches OF
the Baltimore City Council. This resolution goes into
effect on condition that s750O00 be subscribed by Pitts
bureh and 100000 by the citizens of Baltimore.
The Coal shipments from the Lehigh region thus
far this year reach lsl,o56 tons
The President of the Illinois Constitutional Con.
venion is In favor Of banking system for that State
similar to the free system OF NewYork.
The Memphis Eagle complains that no infOrma-
ton can be- obtained from the Directors of the Farmers
and Merchants Bank as to the condition of lbs affairs
1t says the prevalent opinion now is thatthe suspension
ia failure and very rotten one" II quotes the selling
rates of the in Memphis at 80 to 40 per cent dis
count and mentions that OF $500 was offered
at 40 per cent .--
Among the exports from Lafayette for the month
of May by the Wabash AMI Erie Canal were $500 bbs
Flour s33 bushels Wheat 1876 1913 bushels Corn, l9S
bbs Pork 494 402 lbs Lard $50 500 lbs Bacon li43 lbs
Wool, and 532 bbls Whisky. The entire tolls of the
month at Lafayette amounted TO slOOe5 ID. The pas
sengers 1921 in number. -.... 49, 81. '- Z
AT New Orleans no change in Texas Securities,
Treasury Notes l414 cts Interest Notes 10 cts Eight
per cent Bonds 90 c Ten per cent Bonds "a cts on the
dollar better feeling has prevailed In the Bin Market
The rates on all points a fraction higher Sterling
lO4Ial05y. Francs 5f35a5f4O, Bills New,York at 90
days 2a2i per cent discount Checks per cent dis
count Tine Times says In the early part of the week
the pressure In the Money Market continued extremely
severe and good paper done out Of doors at az
per cent per month Withn the past few days, how
ever some relief has been experienced, and though
money IL still dear there is longer so much paper
Offering The Canal Bank has received 100000 In spe-
Gle this week and upward of million are expected i'm
nediately for Government disbursements This will
tend materially the Money Market and enable
the Banks extend their accommodations. AT present
they are unable to afford much relief having discounted
to the extent of their ability with the exception Of
institution which according the last ment could
put out 500 900 and still be within the pale OF the law
The community however 10 accustomed to nothing less
from that quarter