New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-03-03

that .s Of the banks therein MENTIONED curslsd loans
k .vins reduced from a6t4gs to =Ss52,l2s
Tie nnee that system 80 devoid Of ehecAs a. 70
allow such violent expansions and eontaeions needs al
diiionsl restraints thrown around T.
past tie City NewYors been distuE sled 9r tn vast
sles ofstocks which daily inside b Brokers Bcrd AMI
thee saes TO be constantly Increasing La No. oder place
old 30 fluctuations In the Of such
cue and nowhere else there such general d'Pos
Tloe who OF crate largely in this way usually heavy
money Iedfng for such stocks as they posses a.
collateral security and giving their own notes payable on ca
or The demand for money such loans
be without limit for money becomes more abundant tho
perhaps brings into existence new stok companies thus crea
ing still lsrser demands
with trouble to the endeI and being paysble on demand
REGARDED as most de,iIsb mode OF OBTAINING On
this description of loans s quite evident that
the banks prudent could loan largely Of the deposits held
The Committee believe h.t the facilities for lending money
in this mai connected with the fast shat tho banks
e.trsed character Of their loans the
reasons why the practice allowing deposits has
practice must tend 70 Increase the post. foreign banks
produce violent fluctuations IN the money mar
ie wien the time comes fog such deposis TO be
They T. il quite evident that the sudden and violent
changes hsh ocou IN the money market are intimately con
neced with operations in stocks Ihht hee operaOs are a.
ately ueed and checked By the action Of the banks IN
tiles That the banks induced 20 make these loans in order
employ probably the deposits in their hands and that these
deps materially increased by thu practice Of allowing
Tbey Gneude BY saving there are three methods BY which
these sudden changes the market might IN some de-
l. By forbiddne banks 20 allow interest deposits
2 BJ restricting them in the amount Of their loans
B limiting them in the amount they loan on hypothe
cft on Of s,,cks
The latter measure they recommend.
The busn, s. in Flour is active and the market
buoyan at l2ic advance. State brands are 50 80
g. l2Ic; Southern at a. % = 81. Wheat Is buoy
ant and more active; sales -, 600 bush. Western Red
at 81 c. 20. Com is without change at - 75c.
There is some excitement in Wool and the market has
an upward tendency. Pork is better the increase in
tie stock being lees than anticipated. Groceries
are firm but inactive. Cotton il steady and quiet.
Al Boston the Money market is easy at Z cent.
At Philadelphia firstclass paper is in demand at 7d7i
& cent.
A bag supposed TO contain So GOO in gold coin which
has been passing among the Boston banks in payment
of balances has just been discovered To contain copper
instead of gold When the copper substituted for
the gold. and which bank is TO stand the loss, lie a
problem as yet unsolved.
The Arago brings London papers 10 the 18th inst.
There had been an arrival Of $500 200 in gold from
Australia, but had all been taken for expectation
1t appears from statement just laid before the share
holders of the Bank of France that the institution has
been compelled to expend less than about 20 OOO
durir 2 the latter part of ls55 in the purchase OF
$50 GEO OOOf or about tl4 900 900 sterling, in gold
and silver This statement viii afford an idea of the
magnitude Of the banks transactions in the precious
metals Ky this expenditure in the shape OF pre-
NUNS On gold and silver, the dividend upon the
shares of the bank has been materially reduced
Inrtgard 10 the statement Of the Bank OF England
The Ntrs says:
The most striking change is the enormous increase
of nearly million and a halt in the "other" securi-
ties. Much of this extraordinary demand for Money
is believed to have arisen iroI the extensive Stock
Exchange transactions which were prompted in the
inst instance by the prospect Of peace These trans
actions have now been brought within more moderate
limits. Probably a considerable portion of the
T. 1854 consisted of short loans upon stock Tue
pIeparations for the commercial settlement of the ith
inst also aggravated the pressure for Money. With
such heavy applications for accommodation AZ the
Bank il il clear that expectation of a reduction in
tie rates Of discount can at present be entertained
DESPITE the demand for Money the notes uuemployed
Lave also augmented BY mon than half million. The
revenue receipts must have been large for tbe Gov
eminent balance has increased by tjls676 while tine
Government securities held by the Bank have dimin-
ishe6 BY E543,9OO. The increase in the o;lern de-
posts Is heavy, and indicates disposition on the part
OF merchants and Others to make unusual prepAratou
against possible pressure.
= The reports OF the manufacturing trade of the
country show continued steadiness. Al Manchester
although The markets have been without animation
the transactions have been on an average sale and
prices are fairly maintained.
- The prospectus has been Issued OF French and
English undertaking 10 be called the Alliance Bank
The capital proposed is f'Ooooo in 800 shares. on
which the deposit viii be IS The head Office Is 10
be at Paris with branches at London and CONSTANT
nople, and the administration viii be entirely under
the French laws and subject in the usu.l manner To
the cont oil Of the French Government The number
of directors is fourteen. Of whom eight are English and
six French, the present Sherns OF London being
among the former"
We annex the Report Of the Arditor Of the Canal
Department:
ANNUAL REPORT Of nc fEditoy e Ae Cna Depar-esf Or
he Tos Trade aAG Tonnage te Cdaals y ae STATE Of
Netr- loyk.