New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-03-16
COMMERCIAL AND MONEY MATTERS
For SAID. Of S.ocs., g. sec Fos,,A re,
Tnra.nM. March IS I. y


TuuRsDAy. March l5-PN
The market for Stocks continued deprcssedt {,
DAY bat At tho Second Board there turn Cor the
better aud some of the Fsnccs improved 20
cent, Treasures went down 10 ~, decline u I y
cent since yesterday. The bad weather had some e.
feet 20 day the tighness of monay somc. aud the nat
ursl reaction u the market still more.
There IS as yet no movement IA Bills Tie
rate for Sterling is las y cent
In Frcights there IL fair business doing
About 900 bales Cotton have been engaged At lsi
Id tor compressed 500 bbls Rosin at prosiou. rates.
all To Liverpool aud 1000 pkg. Provisions at. 9iF
bb and 25s y ton 10 Liverpool sud Q. and %. % 10
London. To Havre tho rate tor Cotton 10 a. 10 The
Continent there Is mol much doing 10 ireland 100
was offered Tor Corn.
The Money market continues stringent at pc
~ b cen. for paper. aud y cent Tor loans call
the best stocks
The receipts at the sub-Treaslry to-day
were .............s70 ~ Balance ........s2o3Lab
Payments $4,000. 30. 50, New sdvces 6l0c
It's will be seen 10y the daily receipts that the
imports this week have been large there having been
a Simultaneous arrival OF many foreign cargoe' The
receipts at the Sub Treasury indicate an import during
the week OF over two millions of goods The Bank
officers say that the result Of their Inquiries Is
that the Spring inportstions are nearly oil 10. We
trust they are.
The bill which IS before the Legislature OF this
State for the admission OF Government stocks "s
basis for circulation under the Free Bsnking Law. has
been rendered necessary by the largo amount Of chAf
tered capital which will expire during the next three
years As this capital must be recognized under the
Free Law, or bs withdrawn from the business OF bank
log, IL became necessary u authorize the Controller
to receive new bs is for circulation, ~ Tho
Stocks of thi. State, which are required under the
present law, have become very scarce, beiog held
abroad and locked up In the Controllers hands, To
large extent The State debt according 10 the last re-
port Of the Controller 7i3,52p
OF this amount there was, On the lst Jan.
held in foreign countries .............-.. 6,tJ,f0
la the hands OF the Controller belonging TO
BANKS --.---....--...-..-..-., LoE,W|
Total ....-......--....-.sfrl 90
Leaving accessbie.---...-.-...-- sfo|Vt
large amount Of this balance however 10 held here
for foreign sccount Is held by Insurance and Trust
Companies, or in trust in behalf OF minors. Sc ors
otherwise held out Of market. considerable amount
also has gone abroad since the Controllers report va
made, as the demand for our Stocks from tho other
side has been quite active.
The aggregate capital OF the Incorporated Banks
whose charters will expire before the year 1859, 10
g. 10000 and the aggregate amount Of notes Of these
Banks in circulation the 9th day of December last
was 81 9-5 within the years 1881 snd ls52 other
Banks will expire with aggregate capital Of sl,ls'
600, aud circulation Of 1897 is7 and within the year
1883 Banks with aggregate capital OF ss35l,2oo. and
circulation of 81 800 1874 causing within three years
the Withdrawal Of Bank capital amounting 10 the large
Of - go 200 and causing actual reduction Of
a mo-
are many Of them situated In parts Of tbs country
where their capital actively engaged In facilitating
the operations Of trade and agriculture snd the entire
withdrawal OF this capital would very much embarrs's
the business Of such sections u the country. TIE
Committee on Banks 10 whom this sub jsct was referred
repor, that
- inPfsabs % ss r. ofssar- hen saes - fPft
-t holder. q these B.ns.. soush sostss.
n- f's'n,n, o. n-r e.pa re 'n'spao. d IA ,'i 80
grs'.sa' % 'a = > sod hai eoa.'qs.ay ~oeh s-,og- 80,
hsrs't -hSn -old 'ecss iron i- po-'. u snss " -.
ttuns Tier cspt AID tsI 'lt.ftng ~ ~ 80 49,
., great AL ana-es'-. ..cses Of 9roP-' al "-sa a'
r-acs % all parties correfs~i"
The Committee have therefore prepared bin pro
vidDg for the in which these Institutions msJ
reorfanize unier the Free Law They have Introduces
New York City Stocks part Of the basl. Tor efeg
York are amply secure as those Of the state Or Il
the United states, when Il considered ths, these Cy
Stocks not only pledge faith u tho great Conner
ea Metropolis Of the Union but that the holders there
Of, in q any failure through our o~n judi
cisl s'bunsis, direct remedy sgann the ciJ AM
hold not only n' corporate property but a.o the irsi
viduai properly and estate Of every citizen renssf
which J. susceptible Of enforcement In speedy md
efcc,ual manner. The Committee say
The u s,.i.ir nsssn a.-... ~ ~ ,ss's>''
,'.as'os Of sa.se'' -h's ,a.. SUE '-'s--a 20 = - -
.,a Th. .su u .rb, to.r. p.r L-.s 80 ~ ss..-s ,s
4 .- SAL, 81 g. a. sss-F,is Of .tei ,4oc 90 - -
E.fy materially fr hat actually t.i- n - -.
sgs q -. e.s.. nal q - Cote "a 49,, =.
sinoga, Of s-o~'s.y 10 The 'ans-sla o. ~ ts.
manly Of -.s- th-s ., a.
po.a 81 pstF s'o.s he hasa. II s coa,'lls' a.4
snilrg-s oonPu-- .ou-thns ts .ts' -
,,.i. u ~ fon sAn-
We annex the bill introdacsd BY the commiItee
sse Any ,oeorporass B.ss o. a.. STATE n Ia.
,h.,f boat -,p,f n-y '~'os - oE.a'-t q. a.
uafsf ~ Prsl 800. Il ne at y .sii7f1- a. tesss''
sse ms Board of D,r-stors % sny .as Bsai 80.
der. ts-rsoi IA ,h- -l'sa eoss,ai q p. -.
oaos. aas nss- .ac Il. tho n.ross gr-'nDss -
s-etoa q ID. 49, 70 .sthofts lie busnsss Of ssi'ns
Then ,A- charter of.sl o'gs - - %
seofeosat>a m,y usn.lef . ~ .-ss.
s q. Tor .. 9s.7s:- ?. 'ss..1s - .s .,. "a
p-r-oa.. scorporst.d Bsns. sne nv a.
n. ,,alhos.r, o.sss :A- .a- 80 ss.''.
SAD s..ossion sqsal HsHb~s add sasossi % -
So 8 R-ae. 70 III. Aos4x Of real estate s.SS
sac An s.~e.stoa - io'Hsa .A.A $50, a., 80
Sac Ihs .los.. -b.A .sy e,alas $500 .',s -,
.sa AVA, - ss cossos. ss os.ss prpsr sxs.s ''S