New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-11-02
THURSDAY, Nov. l-p. m.

Stock board this morning, ebu tIe nea'J ioa u'eo
previously exhibited cor tiDutd AT the Second board
tleIe wss recovery Of frmDe's, and he IN trket
G o,ed steadily but without activity. With the ex.
ceptlon of Rea1DR the fluctuations to-day were not
vjoept, spd the mere paric in the market NAV be
COZ sidered az run out. Stocks may fall sti further,
but the decline now seems TO be from forced sales.
Cepra vas Ssh s9-belDg offered at the latter at the
Close. The extern shares generally were in better
d-nsnd aid had ID Inward tendency. Bob railroad
bonds and STATE stocks, although not active were
stronger At the cl, The se's is wsi'ing spxiousy
for the Balc's Ders. Operators not disposed 20
mske any imp rtant mov eDent unit matters in Lon
don sDd Paris become more settled
In Exchange there is nothing of importance doing.
The rates ale De before quoted aud heavy. There is
good supply of bi ls on the market.
To Liverpool, 900 bales cotton were engaged at
3D.; -four rosn in lots at 80 Cd. 4s grain, 3D.;
CD, ese 4Os, and 50 tos ice. 35s. To London, 5000
boxes cbeee, 55s.. and 1000 bush. grain, l2ld in
sbipr bags. To Havre, -four, sl co ton, 25c. To
Antxerp 900 bbs rosn, o.. 200 bales cotton, lc.,
tie lwer rates 10 fill up
The busiles of the Snb-treasury was, paid, s7l,.
ga 81 including 81 900 California drafts received,
ss9O7 o.; bsJance 81, $50, 0l4 o.; p,id for Assay
Office, 81 600 IS; paid Disturbing checks, s67,-
COS %.
Messrs. Duncan, Sherman Co. pay the interest on
the fol owing securities, due Nov. J. viz New-York
Central railroad T. cent bonds; Rochester Lock port
and Niagara Falls railroad bends Buffalo and Nj
agsra Fails railroad boDds Albany City bonds; Buff
fac City bonds Utica City bonds; Mobile County
boICs.
We understand that the City of San Francisco has
negecteo p'ovioe or tue interest lis school debt
a tod ali heid ahr nad
and the amount of interest is quite small Toe failure
uIer of that city. and if he deserves the seSerest
cepsurts of hi, constituents for thus periing the
ceci1 Ct The city.
Simeon Drapers regular semi. weekly sale Of bonds
snd stocks will take place tomorrow a. hafpast II
O'Clock o. the Merchants Exchange.
The Bshk Of the state has 1eclied dividend OF
ur per cent pay able 10th November.
The business of the Clearing house was large to-
dey-sG6 O46 600.
TIE paymeI I of California drafts made the money
NAH ct more stringent yesterday. The Banks assisted
by calling in some loans. ahd the Exchange ORA sers
having tod but few bids, had less ,ney to eod than
usual. To-oay there is more esse and supplies were
found without much difficulty Call loans are seven
per cent but higher Is in the way of commissions
ave paio in many instance. Paper is u 10 per
cept-tbe fImer r gilt edged.
Tho receipts not earUiUssJ Of the Eie road in Oc-
tober wee s675 OOO IL is thought the earnings will
not fall below s625 900, which will be the largest
earnings ever m,Ce. Tne CenJal receipts, II Is re
ported are s725 OOO TIE eaIlivgs of October 1854,
were s54l, 400
The long oked for report upon the condition Of the
Cenua railroad by the comiuiuee appointed at toe
last ANIMAL MEETING is We understand, nov ready,
and will soon be ell omitted to the public.
Aw1iter in Tie Courier q Enquirer has made two
very rem bic discoveries One is, that there ex-
hts here and CO sequenuy throughout the country,
great panic 10 mooetary matters, which nobody
" can deny" snd the other is, that the great and
only p-nacea for our financial Ills is for merch ant,
TO Iefue 10 buy sixty day bills LONDON. Nov the
panic, if there be any panic at all, instead
of eXepoing throughout the country does
not e1teId beyCnd the purlieus of tie Board
Of Boxers where stock gamblers, who, upon the
shepet Of bank iosis bous hit fancy stocks than
they could pay for, have ben obliged to sell them
lower than they b usht them, when the bank loans
wue suddenly called in THIS fostering Of specls
ton is one of the evils of banking system at
present conducted, and these panics will no doubt
coLtirut to occur in William street period ,aly,
long as that system exists and without upsettiDg the
whole monetary world end the rest of mankind
either. AS to the long bear of sixty day bills, which
the writer in The Courier se's up, we should look
upon as a hoax if it had appeared In any but tina.
stsid jouDs'. The wri'er says:
I'VE have in this city three houses, which could
readily upon their high credit sll hundred thousand
sterling by every steamer. 10 sixty days send
forth eight stesmers TO Liverpool, besides three DIS
patched 10 the Continent; and thus st least mil
hons and halt sterling S12 500 OOO) may be sent oat
of he country in specie, 'ihout the empOymeu, of
one dollar of capital until after the expiration Of Sky
days.
We venture to ask The Courier one question: VINO
is 10 luy the two millions and hslf of steriing bits
drawn ains it's in add to all the bils drawn
sganst exports Of operty which would be on the
ma,ketl The three houses could not sell ure,s
rome parties bought, and there is no maket for
,bapse to absorb any such amount. An opsrstioa
Ike the above would if attempted, knock the rate of
exchange to point where produce bills would be sent
out for cole ction, and should be importing gold
lorg before the sixty days had expired. We have no
dorbt good deal Of ktpg has been done through six
,y.dsy bills but the amount has been but mere trihe
compared with the aggregate trsDsac ions in them.
Panics in the stock market have far other sources of
origin Il an this. The custom of drawing bids at sixty
days sight has obtained for very oI time aud has
been found 10 be the most conveneat for all partiee
Sterrs bills drawn in New Or cans at sixty days. may
be considered to mature in about eighty days fom
draw ing and the cotton against which they dra Tn
caches Liverpool and is sold 10 pay the bills 10 about
the same period namely twenty to thirty days Loaf
ing at NewOrears thirty TO thirtySve days passage
and ten to twenty days for Liverpool. If BID
were orswn at sight the Liverpool consgnee would be
obliged to pay the bills forty to FAY days before