New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-10
ient OF the Providence Bsnks

papy, which is doing sound business at steto Tn
The Providence Journal furnishes the annexed
statement Of the Providence Bsnks:
s.V 8; q &C. 81 % 90 of; ,,s 49, 49,: %
BIZ. in circuisiion......... 1885, 20 2os37s Is
P DsEBt: sss other S.ni:::: ss &c
Bills recevsbe...'...." iSss1 dSs 50 ~ 20
f sS: Of other S.ai..... $3.50 lssscs
Deposits in other bsnks...... oSL4lg - sT,ieo OF
This shows an Increase Of sl26 32s % in circulation;
1890 6l3 "a in deposits $44 $50 81 in debts to other
banks A26 S37 81 in specie; $500 3d. 30 in bills Of
other banks ard $2i9,746 - In deposits in other
banks and decrease OF sl3S 800 q in bills receiva-
BE.
Compared with the returns made May ? this shows
an increase Of 81 S73 ~ in specie $l57 6js y in
deposits in other banks and $lO,4S 93 in debts 70
other bsnks and decrease OF sis S62 % 10 cucua-
ton; $3l0975 - in deposits; $l,OH 374 40 in bills
ne ceivable and s37 76O q bills of other banks.
Tie Journal adds:
1.-THE statement is strong and shows that the bsnks
in situation to exercise greater iberaity toward
their customers. There can be risk on the co.,
trsry there would be additional security il increase
Of the loans especially when they shall have Pscsd
their circulation at nearly par IN New YORK, whcn
they ought not longer to delay This would make our
bills current not only in New-York, but everywhere,
and would at the same time aford substantial relief,
and enable the banks the readily to slide into
resumpfio n. when the time comes. We do not see
how there can be two opinions on this subject among
sound men, but the delay is contributing to the strin-
gepcy Of the money market.
1--WE regret to announce that the old and respects
BILE manufacturing house Of Harknes & Stead has
been compelled to assign. They have enjoyed large
credit and have been among our most active and sa.
gacious business men, and have a large amount OF
property in their bands The failure OF Eesmith &
Co.. and other commission houses abroad, sent back
upon them more paper than they could take csre of.
=" The Cashier Of the Windham County Bank writes
that the bills Of the bspk are good beyond any con-
tDgency. The Bank Commissioners have been re-
quested to make an investigation into its affairs"
The Boston Journal says:
"The Money market looks easier but il is as diff.
cult TO make negotiations as ever. The Banks gained
$I25 600 in specie yesterday which makes the increase
this week $500 900.
"Ihe Suspension of the Boston Bel,ing Company,
Tappan McHenry agents, was reportedi their assets
estimated at $500 600, and liabilities at *3OOOO0,
showing very handsome surplus.
The Cincinnati Gazette Of Thursday says:
In 6nsncia circles business presented very quiet
appearance TO day, and, the whole, the feeling gen.
orally manifested indicated en- improvement Inere
is very little demand for money, but this is OF course
owing 70 the known difficulty of obtaining it. People
are now beginning to predict an easy Money market
before the expiration OF four months New-forh ex-
change advanced to-day to premium, and checks
sparpgly sold at that figure. Baltimore sight
drafts were offered outside at par, without finding pur
chasers. The demand for it is limited We heard OF
transactions in Philadelphia, but 1t stands upon the
same footing as Baltimore"
The Baltimore PatriOt says
" There is a shade more ease to-day in financial
affairs with an evident strengthening OF confidence,
Afiahs, however, are by no means settled. Some OF
cur banks are now taking Virginia money on deposit
on much more favorable terms than it eau be sold to
brokers'. Th, good move and tends to give relief
If the practice were carried out fully by some mu'u
arrar cement between the banks, it would have the
effect not only of aordipg still greater ease, but ul
mate highly advantageous to business, which, in con-
sequence Of the deraDged currency, ia now seriously
interrupted fair amount OF mercantile paper Is
being discounted az banks. We miy also nope that
business men IN more limited spheres, men whose
energy and enterprise enfte them to consideration,
though possessed of moderate means, be not wholly
overlooked. Exchange Cd the North ismore abundant,
and we note decline. II is selling TO- day at cent
premium. We quote gold at 506 cent; Virginia
bank notes old 2Ia3 y cent discount; new banks
DO. GAG y cent do; North Carolira @lo T. cent do.
Nothing dorg in notes Of Western oanks Ehc1 P
on England is selling OF 7a9 cent premium IN Balt-
ore funds"
From The Baltimore american Oct 9.
The operations in stocks continue to De hgnt, d,
though there was rather more done az lne poaru
today than for day or two past. All fancies were
very heavy to-day and in in the leading speculative
Baltimore and Ohio Railroad there was Iarge os
cline This stock opened with sales at ~. ouye. oo
days and $i6l CASH but prices el Oh ses pDS Il
buyer 30 days. These figures snow decaue SIM
the close yesterday of $ito = share. Inc stpGS
left of at t42 bid $i3 asked the regular way ine
sales to day embrace 276 shares.
We yeoIet 10 say that we see no evidence Of any i'm
provemeht in the state Of financial affairs. Moneys
IN very active demand and has been as dicuit 10
negotiate loans to day the street as on any oa lot
a month past. The rates for loans range AZ I3m - "
. = cent month"; and in some eases hgher 'a r
has been paid Much of the paper offering on zoe
street hes been sent here from other cities Tor sae e9a
il is this fact msiny which occasions the sngency In
the money market. There can be no permanent ,ui-
provement here until the pressure suosides IN olue.
quarters. Exchange on Nswfork Il quoted to-osy az
Is TO T. cent premium, end gold Is Aching al '9oi
cent over Baltimore funds.
The Farmers ard Merchants Bank OF Baltimore
has declared dividend Of T. T. cent Tor the a't FIX
months.
At meeting on Change the merchants OF St. Louis
voted, with great unsnimty, to receive aud pay out
Illinois currency at par in their daily trsDssca ions.
The PHILADELPHIA Ledger tells q somewhat remark
able story in regard to our bsrks:
"As an evidence of the manner in which specie
nayrnepts are maintained ID that city the following
OCCURRENCE verified by one OF our most res2ectao1e
citizens is in point: He had draft for si3Vo on one
cf The largest of the New-York banks which he pre-
ssnted AZ the courter aud demanded coin 10 payment
The officer OF the institution, on the prete mat a.
a. NOT convenient 10 count il out 70 him at tue mo
msnt he would give him the bills OF q neighboring
hank where be would receive the coin promptly.
These were accepted the bills presented, ana the CON
demanded There too it was lnconyenen' 70 pay tue
cop but bills on another bank was profered and &C.
csnted on the assurance that they wOod command the
com promptly on presenta ion. Here again he was
d;sanpointed ard put off with bills Of neigh boring
hank ard so on until after applying at four or ive diff
ereLt banks, be brought up at the very counter ~
which be bad originally presented bis drart-naving
in the shutting round into the possess On OF It's
b;rs And What do YOU think was tue resut-that be
rot the coin No, ne was compelled to De sausned
with payment in psper-under al arrangements agreed
upon between the parties
A N.r,,ob from, Nav Orleans dated the 9Th, says: