Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-11-12
EDITORS CORRESPONDENCE

NEW YoRK, NOVEMBER O. 1855
feer again 70 the state and prospects Of the roDrsy
harket OF New York for it is of general as-
est 70 the whole country, it is the money heart 81 x
country whose every hrob is felt at the remotest sx
Oh the Union, influencing, and to great degree ccsxr
hg' he value OF produce and stocks, whose price
lectea 70 the extent Of millions by the scarcity on Ssxs
| dance Of cash in Wall street
nave been carefully observing the signs and Essass
tons here for the last few days and am convinced fsz
the worst s over and that relief the pressure ylK
certain and prompt My reasons for so thinking asx--
lst The great bill sellers have reduced their rsse mo
81 and % per cent, which will check the export or y
cie as no advantage attends the shipment gold ~ ~
rate of exchange and what called produce hzas
are selling at even eight per cent.
ID The Southern produce bills are now beginnia M
come forward in large amounts, and will tend to rsirsr
the rates still further and win mpel the bll-ragaxf
this city to follow the decline
81. Two and half millions Of gold are hourly ezKasx
ed in steamers due, and much more will prssf@ll4
arrive before the LIST of December, which will stick hss
as there will be no export demand for it.
4th. The weekly bank statement published yessarrEay
shows increase of millions in their depostes zxaa
million in specie, with reduction in their discunnr
of only 100000 This will inspire confidence whirh
the great, indeed the only thing required ans5 AXE
curailments will not only cease but there will Ar
current week probably be expansion.
9Th Not only is the cotton crop going forward trrs
the South but there immense of p5slis4se
going from this port at very high and high frsiy
both of which swell up the of European fnlass
be drawn for.
9Th The mportations already falling off, aaz HE
continue to do very rapidly and largely in
double ratio, by essening both the requirrf r
foreign remitances and the amount Of gold rsuirzi
here for payment OF the duties The receipts of ts
treasury from this latter for the next three sn
will probably fall much short of the outgoing, AKA s
reduce the balance hand to something like farxHr
amounts.
Other causes might be mentioned which favor srIsS
relief to the money market, but think the precrsa,E
sufficient, and that the present month, if IA ~
not exhibit abundance of money, will at least give a
quate relief and make things comparatively easy.
The banks and the community Of New York hass xar
tanly exhibited great soundness and ability under the
cent state of severe and sudden pressure The bank
tanents in tho last ninety days have been fifteen aS}
lions Of dollars without producing any failures of u
lance in the commercial circles, and but ar
among the stock operators They have, saiiaa.
passed through the ordeal and may feel assured @
the dark cloud is rapidly dispensing
The telegraph, this reaches you will have Eisr1
the result of the election in this State in fuller de ~
we have it. At present it is understood herz xh6<
the Wings have been universally successful and hA1 1t
Hards have shown greater strength than either nassE
foes anticipated The defeat of the Administrator c
from the fact that they have lost the Empire Saass-
''hook and line, bob and sinker, cannot but be kEr2
injurious to the Democratic party Nor, from all hrzzr
and see do think the State again be recovered 80 @
party the Hards bitter that they will rathe- n
gaate with the Wings than with the Barnburner wing a
the former win probably be the result Of the
of things Previous the election what consIau
would be the probable strength Of the parties eEi
ed by the vote was Hards 5,00O Softs 5,oos, nnl
Wings 10000 l feel curiosity to know bvs zans
result will verify these estimates The full vote cg xn
State is not less than 500 000 and the above csnu
is the basis that at least 100 600 voters would s
home, the larger portion Of them Wings, among vs
larger portion Of apathy prevailed From present
the Hards win the estimate and tbs fr
fall short.
One Of the most gratifying results Of yesterday r-
ton is the Of the reform municipal ticket Ea-
of the old corrupt Aldermen have been sssrsra
Every who presented himself has been ignorin
defeated, though they made the most strenuous
in every way obtain success do not believe ts iIl-
tory Of any city exhibit such glarng barefacs
bushing, and avowed corruption in the adminisaka4T
its affairs as this city, and the lesson the peop lare
read to their corrupt servants is vindication ~
the character Of the citizens Of New York. aso
Of the nation at large, who would have shared a3a
odium if there had been a different result
was pleased to see how universally the sgei
of Mr. COOLEY has been condemned by all classan a
citizen occupying the distinguished position Of the a
Magistrate Of the nation is entitled personally
caly to the respect Of every American and ID.
things will justify the gross personalities in Hhie s.
Cooley INDUCED, However he might be opposed sse
course of President PIERcE's policy. Violence % afz
kind helps, and hope in this country ncve- EfE
help, any any party; and am thankful it ns
Wing who has been guilty OF such unbecoming
surable conduct. have doubt that speech greatly
jured the Of that wing of the Democracy fih
Mr. Cooley belongs; and the general condemnatozs @
course sincerely hope, win prevent any other Bsn
Wing from following his example. There s.z
of doing every thing and it is quite easy
political opposition attack political opponent yzr
| gentleman as like rowdy Il