New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-10-21
COMMERCIAL AND MONEY MATTER
For ,nIes Of SOCKS, sc. zee Fourth Page

FRIDAY October 20-P. NJ
The Stock market is firm. and there is more dis
position to speculate Sound Stocks are IN fair demand
and held firmly sales of Harlem preferred were made
at 60 seller - months.
The market is quiet for Sterling at y = Tor
hrs,clsss bills Continental bills not plenty, and
hTm
La Freights there is considerable business doing.
vessel of 1900 bushels taken for Dublin at I'd
per bushel To Liverpool Cotton was dull at 5S2d-
Engagements of 500 bbs Flour to Liverpool at 70 3D.
Grain at Sd and the bulk of 5000 or 5000 bbls Pro
visions and Naval Stores at Is 6dd3s. To Glasgow
1000 bbs Flour were taken At 2s cd, and to Holland
Cotton &c and Rice at 30s.
The present low price OF Erie Railroad Stock is
neasurably the result OF apprehension that large
amounts will be thrown upon the market by contractors
who have stipulated to receive stock for labor we
understand that instead Of $4,000 or sJOOVVV OF
stock as is stated in the street only about soOOO are
to be issued to contractors and much OF this VIII pro
bsbly be held Erie Railroad is destined 10 be one OF
the most profitable stocks in the country As soon as
finished 10 Lake Erie the business upon II VIII DC al
most incslcuabe. very large proportion oil freight
and travel from and TO the Western states VIII seek
this avenue of connection with NewNork. Wheh the
Western Railroad was in progress OF completion II was
depressed by the same circumstances as now anec'
Erie to 40 but speedily to above par and shre"d
operators who invested at low rates made fortunes
The prospects the Erie road far better than were
those OF the Western The bonds OF the Erie Company
selling very low also when the character Of the Sc
curly considered They bear per cent, interest are
nrs, lien upon the whole property Of the Company,
are issued under the supervision of the state authoT
ties and the interest for number OF years deposited
In advance with the Controller. II would seem that
there could be NO safer profitable investment
for surplus funds than these bonds
The general tenor OF the commercial news by
the steamer is favorable Business the Continent
was reviying and money easy. The Bank OF England
accounts furnish especial subject for remark The
usual contraction OF the circulation prior TO the pay
nent of the October dividends is the only feature
The Bank 10 counterfeit this, has lent money on tx.
ehsquer Bills I'll, the middle OF the month at per cent
The semi annual dividends on the French Renes aSy.
ng bcen paid less intere, is attached TO the weekly
statement Of Affairs of the Bank of France The attempt
TO negotiate new French loan in London has failed -
From statement pu, forth by the Committee OF n
nance In France, on the amended budget oil ls4S II
seems that the expenditure is estimated At sloO0eV
sterling the reduced credits voted being shout 4 H.
10000 The income OF the Republic is taken al soS''
Wooco. leaving deficiency of shout l2,SOoOoOi The
committee hopes that the three loans contracted will
'athee this deficit leaving, however surplus
for lsis which was contemplated to pay OF part OF
The loans borrowed
The following table shows the fluctuations in Consos
In London from September 80 10 October 6: