New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-10-26
COMMERCIAL AND MONEY MATTERS
MONDAY. = VI.

r.pees were all buoysnt. AT the second oos''' w"
vsr nre.s sgsin recedei little The Fsneies are no"
q, .ueh poin, that the shorts como 10 at every spy
sncs of rally and thus the market 10 kSp' Has'.''e
Tho .ound .,oc 70 were s,esSy AID In fair demsna'
Ths bu.iness in Exchange for the French
Steamer va. no, large and rates ara without ensns'
Starting 1. sdei nominAlly Francs Steo ~ WIZ
fair supply. H.
The steamer took sbout ESQ 900 in French SILVER
In Freigbt, there is little or nothing dong 10
,,0oo the rate. continue TO be s36d for Cotton %
n, Gr.,n and lsi for Flour 25sS3Os for heavy soo''
To H.vre the packet ia iill a, &c for Cotton
In Uncurrent Money there is considerable a''Ni'
IT, hu. the demand good for currency ana '''e' ''o
rsdemu,ons on. again The activity OF ou'ine's 10 Nj
dspar,u,en,s employs all the circulation WHICH VIC
Banks are entitled to.
Money continues sbundantly easy for all ous'-
ness PURPOSES The Banks will be somewhat ''''nse"'
un, next week but there s no difficulty In nesons'ns
loan. IN the s,ree,s 5a7 per cent according 10
The Eagle Fire Insurance Company have do.
clared dividend Of per cent payable on inc Isl VI
Sovember.
The Boston Courier has published several ao'e
.,,s ,on opr relations with Brazil from the pen oil
O. W Gordon Efq our late Consul, in which the s'ss'
.r Of our commerce with ,hs; country snd the dan
ger of Interruptions whchitis exposed oy tne n''
crc,on-,o speak 10 the nlia't ierm-oi Mr. i'e'-
Brazil tAscs very large amount Of our BreAdstuh snu
manufactures annually and the trade between 'ne
countries being done suios, exclusively Id american
bottoms employs very large amount OF American ION
mage .nd of course large runber OF our sesnen MI
Gordon truly says
This commerce Is too important to our oes' ,n,eL.s"
/ IN he ,ria,d with oy our Government Inc Anih,ns-
ratio, has already rode its hobby horse OF MEXICAN
war much farther than they expected "nen 1ney nr',
thrust that war upon IL II ume tnsi tney s"Vu'.
learn little wisdom from experiences "nu 0'nss 49,,
IL examine well the ground before they take any 'tP
which may embroil "a wish the Brszs' for me peopo
OF the Inted will hold them TO iearIu respon
slbty If. In addition b tho Mexican war our Gun
mercs Is destroyed or interrupted with ihs Brszu'I
We know not how soon our peaceful commeteisl ,e's
tons with that country be placed among tn5 tns'
thst were. but which no longer exist ins eNen' ue
n.nd. upou the action of Government; Tor unless
tha brazilian Government obtain from tne A1nihsua
ton al Arlington the satisfaction which u ASKS our u
plomatc relations with that country VIII We arc eon
vinced be Interrupted the great detrimsnt OF our
commerce. which cannot exist or be carried on III
troubled wsters
The ex,en, and value Of our commerce with Brsz'i 10
shown from the official reports Of Flour la 'ne hscs
year Of ls4-j exporsd to that couuiry 2Uyei0 oo
valued ~ stOS33ls, being ab0u, ono-hh of our 'o's
export of that article 10 all countries aud In lei9-o 'he
Br.zs took a1646O bills valued at slolo,Iob being
very largo Increase the preceding year Inc con
snnton Of Flour ia the Brazil. must naturally increase
with the population which is new about lOuoOOUO and
which i. Increasing rspijly. OF our manufactures OF
cotton cloth 10 lsfi-5 exported 10 this Brszls TO the
amount OF s]0926 being about one fifth OF our total ex
DOR, 10 all countries To navigation Interests our
commerce the Brszs il truly OF great importance Ii
being carried slmos, entirely In American vessels
10 1915. no, a single Brazilian vesse entered thu
fool Ia.
which arrived in this country from the Brszs were
British swedsh, Danish and Sardnisn, touuaging
2isl TONS while there during that period 81 Anne
rican vessels nayigs,ed with 1913 aud 40 boys
and ,onnsglng 5O2]O tons. which entered the United
States from the Brszs and during this same year 1872
American vessels gated with oi2 men snd % boys
and tounaging 4076 tons cleared from this country,
and only small Brazilian vessel of l9l tons, nav gated
with IA men and , Bdtsh Sandman, , Hansestic, !
spanish and Hanoveran vessel tonnsging TO all aV'7
,on5 Including thu Brazilian vessel cleared from tho
United States for the ports of Brsz The Austrsns arc
making great oxertons 20 compete with u' In Brsz 10
Flour and 30 already come In direct competition From
Trieste Flour b obtained good the American sud ss
labor 10 Austria il cheaper than 10 America ana 'ns
Austrian vessels gated cheaper Is hishy in'
portsnt that the United should be- ON tho terms
of the most favored cations with Brazil 40 any com
mercls sdvsnts 70 given 10 Austria would destroy Tho
American trade. The effect would follow In re-
gard to manufacturers from an advantage given to Eng
land Unless relations With ihs country are man
aged with great prudence and 10 concalory spirit We
shall be- very likely TO lose the advantages OF CONNER
cal treaty placing equal footing with other ma
tions Our true policy ls to cultivate friendly under
standing with the growing nations Of South America,
and 40 Mr Polk and his Cabinet will not act rash
-. tal.
another war.
At the meeting OF the stockholders Of the fsr-
lem Railroad Company held a, the Aston House Com.
m,tss was appointed consisting OF nessrS J. H. Dykers
Jacob Li,tle d ! Miller, II. Schuyler aud Jons stur.
sss devise feasible ian for ex'ricaliog the Compsny
from iis presen, embarassmsnt snt report the sans
10 the stockholders On Thursday evening next
The report OF the suspended Farmers and Me
chsnics Bank Of Memphis has been made and the Di.
reetors state that I, Is impossible Ia any that the
creditors loss nJthing They pronounce the stock
TO be- worth 80 amer deducung tho whole doubtful aud
bad debts. The Board state that the Bank smbar.
raised when they took charge OF H. and that they
since reduced the liabilities the rats OF &il 800
monthly beside sccumulsting make s,ill far
Their reduction. Ia January. lsi7, the Bank had only
ST. f26 In specie against sbou, leo 900 Of circulation
and deposits The cash liabilities wero 81 437C 32
against 1919 396 Of cash asets The suspeu ded deb,
was s693O25 90 the 26th May the circulation and do
poslts were $4,000 and the specie In vault 500
The outstanding cash liabilities ire let OF October
was $40 nc aud the cash assets $40 20s curtansn
since May @i57Ssi the specie and Bank notes were
$50 SO; discounts and loans s342 iJG suspended debt
s53O224 deposits ssol4 circulation 1921 s9j The
Directors ezpr the opinion tina, the period Is not very
dstsn, when the Bank viii resume. The Memphis Ia
s Of the 7Ih inst states that the notes Of the Bank
were selling :, 50aeO the dollar. The Easl
ssys:
There spears TO bs but little 10 the market; the
large OF suits brought by the Bank together with
speculation. cresuog demand Tor II by s debtors OF
all that 10 thrown upon the market
Gov. Brown Of Tennessee, in his message to the
Legislature. recommends the loo alton OF branch Oh
agency Of tho state Bank 10 Memphis
o SALE REAL ESTATE
BY Janef Cois-BRooKLrS II lot 90 Ray mOnd-s'. neal
"nioushoy Of - AXIS g. t2i5 gore lot Futon-a
and St Felxst t325; l lot adjoining iast
23x93 10, s525 4 do DO do do. 25xll0 4 1875; 4,
fhott.. l.f.- L.lf. 10