New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-12-04

lost3Ve Of TIE late i.opforerieeI' 'a't"s ~ '''
Delarsra and Rydscn sold at pr, a'a"hsh se-ur'
cfav,eb,. !, ha. nov loet 'as "h'ie 81 Sc Nv
~ csr, n,eniun whsch il reaehed some ye'fs "so'
~. a,vdepd ofa y cent nus! declared fo'o noh'l1'
.,a,med holders for the future, but II 's no'e
,h.n likely that within year or two tser business
Iii move more profitable, and the dsEldeni' aP-
p,oaeh more nearly the ola rates. Enc seeuf'l'es
s,e 0,n on time contracts BIZ, for cash are 10 wer'
Government stocks are ia good de nan1' W. Jul
few offering. Tire marke, is buOyani. BAaS sio'ks
continue firm, oui are not active
Sterling was rather dull at the close, AMI
WAS offered NJ 10. for irs-class names. There we're
a lew southern Bills Oh the market, selling al 4 q
O.. bat almost the entirely OF the rdnsicilon OF
this steamer was 10 bankers bIls drawn aS tnst
Gold Most OF the bills drawn at the South against
Cotton are purchased there by the agents OF Eng
lish and New-York Bankers, and RENTED direc''
The receipts Of Cotton at the shipping ports are no"
20 10 $4,000 bales per week, and the aggregate re-
ceipts since LIST September are 10000 oaes against
$4,000 to the same time last year, sno wing an IN
crease Of 10000 bales, but the exports 10 foreign
ports are not large as they were last year "heh
,hcy were os3 600 bales against $4,000 this year,
decrease Of $4,000 bales. This decrease Of exports
accounts, in a measure, for the small supply OF
better reason is the low price Of Cotton now ruling
compared with the prices OF the same penod last
wear. The large crop of the present season. how.
even must produce, even at present low prices, the
the relief in the Exchange market so much needed.
The cyop will probably reach 100000 bales, and
even at $50 per bale VIII make large amount Of
hills the frat effect Of which shall probably feel
in January and February.
-. a. ~
ness at previous prices Flour to Liverpool l20l5d
Grain, 4o4ld Cotton, 3-l6d. Dead weight, l5s.;
Cheese, 15a 20s. Indigo, 9s cases, l5s Flaxseed,
$50 terces, s. Tar 1900 bills, Is 3D.. Turpentne,
1900 bbls, Is I'd. To London-Flour, Is. l0id.
OIL Cake, about 1000 bbls., Is 9i.Gls. lOsd. To
Havre-Cotton, &C. To Marselles some Naval
Stores were engaged at 62ic., and Beeswax at s.
per ton To California, the rate is about so cents
per foot The bark Black squall, Withdrawn from
Gibraltar and Genoa,) has been taken up for Cape
of Good Hope and Batavia, on private terms bark
for Ragged Island and New-Orleans, at g cents for
salt a brig from Darien to New-York at s. so ;
and schooner from Saltilla River at 50 IS for tim
Der brig to Tenerife with staves) and back, at
81 500, out and home a schooner Of 100 tons, to
Tarnpico and back, 200 and another Of 50 tons,
Jamaica and back, at $3.50 Foreign vessels are
scarce and wanted
In port Tuesday Barks--.....--..--.... -
Steamers ........-.- 92 Bugs.-......-..- -
Ships ...........-...l22 Schooners -.-.--.----ls2
Total
There was IN active demand for Money
this morning, but it freely met and at the close
on good Stocks the supply call was quite equal to
The wants Of the street. The current rate is v
cent. Paper is scarce and without change in rates.
First class names goa aIOp cent Second Class,
l2aIs y cent. The Creditor Banks drawing
coin to meet the drafts OF the Exchange drawers
and there is less disposition to lend upon the part Of
our Banking institutions. Private capital, how
ever, supplies the deficiency.
The shipment of Coin by the steamer to-
day exceeded the largest estimate, aud reached
81 ,423 s73 of which 100000 was in American silver
$52 $50 in English gold, and the remainder in Amer
lean gold. The City of Manchester, from PnIladel
phia tomorrow, viii take, II is stated, half mil
hon, and the estimate for the Collins steamer Of
Saturday is Million making but little short Of three
millions for the week. The Free Traders will I'M
doubedly pronounce this healthy depletion, and an
evidence OF the great prosperity OF the country They
appear to look upon large export of Gold with the
same pleasure as upon a large export oil Cotton,
Dreadstufis &c, overlooking The material difference
that Gold is the basis Of our widey-cxsended bank
Ing faclhtlef, NnlCn AOttOn, DfedlstunS, &C. arc
not We could lose almos; unlimited amour. of
the leading articles Of produce without disturbing
unfayorably our monetary affairs, but with gold it
is another affair. The contraction Of banking facil-
tiles is in three fold proportion to the export OF gold
after the export begins 10 exceed the import, and
such contraction soon spreads alarm and financial
distress throughout the country In the present
case, however we have several favorable conditions
.v,l, ho
from California have so far been fully equal ID the
exports we are approaching period OF the year
when Cotton must go forward and thus furnish
supply Of bills to greater or less extent there is
prospect that Europe will take, during the Spring, at
present low prices, fair amount of our Bre adsuis,
and We are at the end OF upward of forty millions Of
our European Indebtedness, lquidaiei BY gold, aud
have that much less ,opay In the months to come.
Under these circumstances, If the arrivals Of the
California crop continue 10 be large, the export OF
gold to Europe may produce no crisis IN this country
yet wish to express our dissent from the
views of our Free Trade friends. and with proper
HUMILITY state that for ourselves had much rather
export Com than Com
Ii addition to the specie in the steamer, there
were RENTED a considerable amount Of Fede-
raj and State Stock, Railroad Bonds, &c. There has
been improved foreign demand for these secull
ties within few weeks, which think must in
crease if the Money market abroad remains in It's
present easy condition.
The amount received at the Sub-Treas-
Wy was SIS, 800 Paid, slS,S9l-Balnce, Saga $50
The Southerner, from Charleston, brought
So SEQ in specie.
We have received copy of the new
Banking Law passed by the Vermont Legislature.
/ l, appears to have been modelled upon the law Of
this State, with varaiions to sui, the meridian
Of the Suffolk Bank On the whole, 1t is good Ia y,
and will secure perfec, safety TO the bill-holders
We stated few days since that the Law required
the circulation OF The Banks formed under the law to
be kept at par in the City of Boston This was NOT