New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-10-05
COMMERCIAL AND MONEY MATTERS.
For sales Of Stocks. &c see Fourth Pese


MONDAY T. NJ
The Stock market to day took panic aud the
Fancies we're thrown upon the market to greater ox
tent than II would bear The consequence was decline
Of 10 ~ per cent In OF them Treasury Notes ex
hbed the eaec, of the Mexican news and tell of to 1t
per cent They sfterward recovered to u per cent
The msrket at the Second Board little nrmer but,
there sppssres be bu, little disposition to operate
In the Bill market there is no movement OF i'm
portance Sterling Ia nominslly sdsi Francs 25
The Freight market is very quiet. few en-
gsseuents are making the packets at previous rates
The news by the Steamer has rather puzzled
Wslls, and the operators scarcely know whether to
look upon it as favorable or uDisvorabe. While the
disasters Ia the London money market Il Is feared may
react mschievousy here the rise IN breadstus neutral
ises 10 degree ths apprehension Yet the foreign
90 doubt assisted the fail which took place n stocks
day and which mainly the result of fears of a
vulson In our money market to grow out Of
ths unpscifc condition OF relations with Mex
leo Numerous whispers were aaos, In Wallst
o. embarrassment' here To follow the failures In Eng
land, but nothing definite was known. 1t 10 sup
POSED some two three of tho Banks will suffer
some by the failure OF Reid Irving 4 Co aud some OF
'ne parties who have already failed will suffer still more
ey 'hose new difficulties but we can hear of
mouse hkey to break at present Private letters state
'uSi the examination OF Reid Irving Cos affairs shows
THEY have been iusolvcut number Of years past
The house OF Reid Irving CO. of Liverpool Is entirely
distinct from thc London house and has not suspended
Many letters from London that the end is not yet
and that more large failures will take place The aus
pension Of specie payments by the Bank Of England
would not be unlocked for event Whatever may be
the result OF the presen, crisis In England which closely
resembles the revusion Of 1887 n this country
that the general interests prosperity of our
City can be seriously affected The progress of the last
ten has placed in Independent position In
gard TO the finances Of Europe Indeed the
Of the past lew months have proved that the gigantic
money power OF London 10 hollow and rotten oyershad
owing more through pre,enon than by intrinsic weight
Arevulson In America Il more likely to act unsvorably
upon tho London Exchange, than crisis la Lonfon
would on wsst and the time is not far dis,o-t when
NewyoIk instead of London, will be the area, cep,r.
money power Of the world
We understand that the Ohio Trus.. Co are in.
VOWED only TO the extent of $4,000 or sooooo with the
"e'ss towers and that the remit ance made 10 NEE,
tue Oils of"wn by the compap have been handed over
BY Messrs Go~ers TO Nee -. p,rna, uo,o g "a who
honorod tho bills lii no, .r,no.as ,hs, The 1~n.,co
-, "a this msiier
INC ,''' u -'readstuis on the other side will i'm
p'0'o '"' assets OF Messrs Prime Ward & Co 10 the
eA'o"A o 70 per cent but some time will slsp.e befors
in Be known II the American crsd,or. will re.lIza
any beneA, from the rise.
The following table, furnished by the Tr,asuyv
pepartn,ent shows the tross receIpts a, tho v.x