New-York daily tribune., 1857-10-24

In Exchange the business is moderate and ra'es
without Important change. Some leading drawers are
asking az high as 1885, but make no sales. Fair aad
rood bills are selling at 90 @lO2 y cent. Ths doubt
in regard to whst effect the present crisis may
have upon American credit in Europe ma,ensly en-
hanoes the difficulty of negotiating bills hee Several
rumors Of returned bills have traced and found 70
be false. One Of our prominent banking houses has
been authorized to draw Oh Londcu a. three days
sight provided any difficulty WAS fouad in negotiating
Gxty.dsy bills.
Freigbts are very firm but less active To Liver
pool the engagements are: 10000 Dush. Corn sad
Wheat at Gid, in ships bsg'; 4Oe boxes Cneese at
Ola; $50 bales Wool at 3l6d; 400 bis Lard a. 2OI;
200 bbs Rosin at 2s. 3D. 10 tuns Oil Cake at 22s. Cd
To London: IL bbs Pearl Ashes at 27s Cd 1000
bbs Spirits at 6s.; 200 bb's. Guide Turpentne a.
i. To Glasgow: 5000 bush. Wheat at Sd, in ships
bags brig from Richmond to Attskspas aud back
win Sugars at s. 80, under deck, snd Aolas1es on
and under deck at s. 50 v hhd of llO gals ship
from st. Georges to Liverpool with Deal at rs. A
vessel from this port to Liverpool with Nava Stores,
eonsistng of 900 bbls Crude Turpentue at 2s. 3D.
and ,0O0 bbls. Spirits at 5s.
The business OF the Sub-Treasury Receipts
3IG2 597 9i-$i 900 from Customs; Payments, 81 lO,-
997 O6; Balance, Sj,9lO, LOG %.
Inc money nhIhct 10 Odicu q oNodO VI WV Nn9tV'b
With, however fewer transactions among the note
brokers. There is less disposition to gOtiate among
lenders and every thing is subjected to the severest
scru,ipy and there nothing doing excepting in strictly
unsxceptiOnable paper, collateral losns with first
class securities. The range Of rates is from to per
cent per month, according 20 quality.
The business of paper negotiation has received
check from the effect of which it will take long time
to recover ard it is probably unreliable ors,ron of
the money market to give the rates current upon
the scattering and greatly diminished transactions Of
private discount houses.
We hear Of no essential change in the policy Of the
banks. The large banks have discounted literally to.
sy-the metropolitan everything of the proper quality
ferei.
From Boston our adyices are encouraging. Money
10 offered more freely, and rates very strong paper
are given al az y cent y month, with occasional
1egotiations ss low the banks easier and well
able 10 extend all necessary assistance in restoring
fdence and comparative abundance. Toe new mode
of settlement at the Clearing House, adopted by the
Boston backs, works well.
The amount of suspended paper held by the bsOks
in our large cities al the East must Do enormous The
practice Of "layng down is quite general aud to de-
spd AT extension seems 10 be considered not con-
elusive evidence Of failure. Ia Hartford, We under
stand thai cole oSons 10 New Yok City have besn al
most inpossibs-niae teHths of the paper in several
instances, having gone 10 protest at mstnfty. One
bank received protests Of 5000 ou. Of $4,000, aud
another OF $4,000 out of $4,000 of paper falling due
last week. The Suffolk b Blnk system works severely
nov for the New-Engand country banks the redsno ,
tion Of bills suhjecing them to serious inconveneace
dsiy-neoesstatng it does the supply OF exchange
vcn NswYork, to enable the Suffolk 10 carry Ost its
arrangement with the Metropolitan. This appears TO
be serious trouble with macy of the ConDsctou,
h,uks, whose facilities for oblAiriDg New York ex-
cha >ge ususIy very good now cut of 10 80 large
an 3, en by the return of collections in protested ps
-, T We entire credi. sysem Of the country s shaken
- a, center sOd slthoush the resul, rsy be to