New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-03-29
COMMERCIAL AND MONEY MATTERS.
For Sals. Of Socks, s.. see F0Nrh Pass

and Treasury Notes sOd at "a. The New Loan erooznt
lO. Any permanent improvement In the stock mar
T., can hardly be looked for while the Money market
ran.n. a, stringent as at present There are always
weak holder. enough in such a stage Of the mnfe'
WHO are forced to sell. b prevent rise
There IS no movement in Bills yet for the
.,e.ner. sterling 10 6s7 q cent for the best names
Freirhts are dull and heavy engagements OF
Cotton were made at 732dGid. Corn 3D. Hesvy
F,.,sh, -. Cd To Glasgow 500 bbs Naval stores "
4, coo bush Corn private terms 2'5 ools bcei ana
Pork Al, % 3d. $500 gal. OIL q, J2s Cd To HsVre tire
make, Is full shout 1000 bales. attic To London go
bbi. Pork g.. To Amsterdam, 1900 gsls Whale Oh
were taken 81 b cts.
A. the Sub-Treasury to-day the receipts
vere sl1I-i
Payments . - ,sl
Our information from Washington leads us 70
the belief ,hA, the remslpder Of the Loan OF ls4s.
which was postponed 10 the lot April will not men De
csIcd for and tha; We correct in ANNOUNCING IS
we did some time ago, that an arrangement exists oy
which the payment of the remainder of the NeSicsn
Indemnity and the issue OF the balance OF the loan VIII
be- Simultaneous thus requiring movement, Of eon.
This arrangement however, may not embrace the er'
tire remainder Of the loan this will oe hus
Il
vide ssan.t contingencies 1t is understood ,ha, the
Secretary Of the Treasury will at the opening Of the
next Congress recommend a modification of the Sub
Treasury 10 regard 10 the specie clause.
| There is rumor in the street, which we have
been unable 10 trace TO any responsible source that
some trouble exists In the Treasury Department at
washing ,on .nd that Mr.. Walker had been sent for
This has been one Of the most stringent days
! xhf ALL hasu rifr "a for
elias, paper difficult of sale at l06l2 y cent The
supply Of Money has no, varied largely, bur the de
/ mand has much increased. The renewal of business
for the season has contributed 20 this demand and a.
Merchandise generally bears higher prices than II did
| last year consequently more capital Is required 10
carry on the operation. OF trade To this usual demand
of the season s added demand for the purchase Of
Exchange which has been bought for the import OF
coin The California movement, has also been added
this Spring, employing very large amount OF capital
and sbstrsctns considerable amount OF coin Tor the
purchase Of gold, from our basis of circulation Up
TO the present time probably five times as much OF the
precious metals have been taken out OF the country Tor
this movement has been received. This state OF
things will doubt be soon reversed ou. AT present
this drain assists the embarrassment OF the market
But the rnsin reason for the activity in Money aud the
high rates which capitalists enabled TO obtain Is the
demand for capital 10 carry the various railroad and
manufacturing enterprises Fl the neighbcrns States
Corporations are continually In market tor immense
sums of money Ia competition with the regular ner'
chsnt and at rates which ne 10 unable to pay The ex'
Of these railroad enterprises are far In advance OF
the accumulation OF wealth In the country, snd COZ
siderable portion of the capital needed 10 distracted
from that gagged In other brsEches of business We
have upon the New.York market Railroad stocks and
Bonds probably to the amount OF twenty millions OF
dollars very large portion of which does pay any
dividends and all these concerns are in market for
other large sums either pay off debts or to extend
the roads. Probably during the next tweye months,
ten millions Of dollars will be needed for railroad pur
poses In addition to she amount already absorbed No
one Tor suppose that these securities are
owned by capitalists for the revenue they produce
They are the offspring of speculation and they cous,
ute the speculative material of Wall st at this moment
They are the great of money At high rates
of interest and the causes Of continued arrangement
| in the machinery of commerce 1t Is admitted tbs,
some Of these works OF vast utility calculated 10
benefit the City of NewYork 10 gree, degree and SO
far ought 10 command the support and protection OF
| our wealthy and influential citizens That class OF
men, however 10 not the one general rule, 10 ex
tend the necessary support to them The consequence
is that widely extended system of credit 10 adopt.
ed and expsdsn Of any sort resorted TO, TO engage
the attention of every clsssmen who are Induced by
Report, to invest capital who can III afford to see
deprecste during the period OF the progress OF the
work toward completion. In addition to the demands
for our own railroad enterprises, We have borrowers
from the East to an unlimited extent Boston has en-
gagged in manufactures and railroads TO an extent vast
ly beyond her means and these corporations eager
monopoxers Of all capital which be drawn from
the channels Of ordinary investment by high rates Of
interest In this market have hoods OF Boston pa
per for sale at much higher than the class
of New York paper
In this absorption of capital tor the purpose Of
building railroads In advance Of the wealth OF the
country we see measursby the solution OF our pres
ent suingency Of money. Doubtless rs We have stated
other contribute but here is tho main difficulty
and II we 90 adding 10 our enterprises Of this char
acter with present restricted currency We may In
the course OF few years meet with similar revul
sion to which has passed over the railroad system
| of England.
One Of the morning papers makes some ridicu-
lous statement sbou. the Flour trade affirming that the
City and Country banks combined with the nour
spectators sustain the price of -four and predicting
ruin TO all concerned 1t that the stock OF 1our
here is larger than known at this season for number
OF years ana tnht tnr paper Dhfen on
| four The premises OF this writer and his
deductions of course equally The stock Of -four
here 10 much smaller last year at this time,
the quantity Of -four paper running TO maturity was
seldom smaller. and II all the Banks Of this State
combined % sustain ths price OF four, we can only
say that they do not succeed very we'll
The Shipping Let gives the following exports
from this port from March ~ to ~:
r, LorS,n- br Clocks DO OF Pepper
mai Dol, Roam 800 Do rafpentne tso do Pom 1870 rs~u'
sperm o. ~ ID. B-e.-.r JsD do Oh CAFE l,0s DO Hans
s0l DO Lard n laid roo.ccn. y 2s 50 Wha-Don-
Lpopoo-lss b. Tslos ys % Bs>-~ar ~ 20 % fsrs
sTs 50 Tooscco 20 % Clover bbs
Flour 81 d. Pom 6 3s oahss Corn, NJ be sp-rn Cand g. 40
|
To Gas,ge- Dol. Flour lc0 SO Ross % DO Tupsnn-
Potash. 90 Po So bush Corn 6Si be CAs.. on q
Ham. 90 DO Lard, 1000
10 E,ssd-G10 oss yosr b3t DO Yors 0do oss
6s Do B-ns 0tO lbs AsHs 750 DO Ch-sse o. es B-~l
g:s gallons spnts forPsnun-
r. Hsvr,-s sbs Potash 81 % Jsrss Ash-. 10 HID. Barr,
DO al 10. B-e,rsr II "a Do Wha-oons, OOD sATes
sALys or RIAL ESTATE.
b. J. B>>etev.-Hols- and ot isk New a. I5rs1 $500
1s- Broadway Hr0', s+tfs0. a. Do Wall
Water ghrbl sam; DO 90 - WALL; l0rJs
d1 5s Hroas-ay gsEo. s2,.O stable and Crosby
Grad aaa Bome. slllOo ots Thry shr3 -
y 60 ,.jofaing 81 g75 d. q, 81 l.s -ssh
DO Broadway aud thirty siSh s300 s5oiarg
Thirty sr.- ssO DO 30 sEss 10 15tgs So
/ a "a l re 90 Al