New-York daily tribune., 1857-10-20
MONDAY, Oct. 19-P. N.


Without very active market, the Stock Board TO-
day shows recovery from the reaction of Saur'
day The only prominent feature of the market wasa
greater activity among the operators for fall who
offered their options much more freely than of la.e
OF the time sales to-day 1900 shares were on sellers
options, while only 800 shares were taken on buyers
options. There is growing disposition to speculate
In Stocks, and the time operations, especially on
buyers options, would be much larger were it not for
the unwngness of brokers to take such order'. The
pressure Of cash Stocks the markets. somewhat re-
keved, and several descriptions are scarce. The
nost buoyant stock is N. Y. Central which is in a
partial corner, and which ran up after the Second
Board to 67la673 against 65 on Saturday. The an
tcipson that this road well as the Erie, will have
sa immense freight business after the closing of navi-
Estion tends to strengthen the market Reading I'M
proved /, selling at S2s. Erie was also better and
touched l2 closirg at H. Illinois Central was heavy
In the morning. but recovered and closed at Saturdays
price. Rock Island advanced II, Pacific Steamship 3,
Panama Z, Delaware 9, Pittsburgh /, Galena &c. In
Bank Stocks there was but little done but the market
was fTm State Stocks sold at steady prices TO mod
crate extent. Railroad Bonds were better. Illinois
Central advanced to 6Sl, q per cent. Improvement.
At the close the market buoyant but not active.
There is slight increase Of 6rmuess in the Exchange
Market but the business is moderate. Good Sterling
Is from at 80 to lO3 with the bulk of transactions at 100
a 10l. Money is yet too to allow Of free re-
m.tances by our importers. All parties are waiting
apxiousy to hear the effect upon the London Money
Market of the Bank and Railroad suspensions in this
county. Francs are 5 40 to $40.
Fpeights are without material change. To Liver
pool the engagements include 2,OO bbls Flour a: % a
q. l,,al N..;- in huI
SD Cd in bags; 100 bales Cotton at &C.. 300 boxes
Cheese at 25s. To London, 100 bales Wool at Id
300 bbls. Flour at %. Sd. To Glasgow, 500 bbls.
Flour a. De- Cd. To Bremen 50 600 lbs. WhaebOne at
lc. To Antwerp, 900 bbls. Rosin at 2'. Cd. brig
from Jacksonville to north side of Cuba with Lumber
At $ll.
SCISSORS ST. including SIS 900 for Transfer Drafts on
Bceton Payments, $685. 81 81, including S5O,O
California Drafts; Balance, 5,5f7 ,723 so.
The Metropolitan Bank has issued about 81 300 600
of certificates for State money deposited with it By the
other banks Of the city, and these certificates are
used n the settlement of Clearing House balances to
the entire exclusion of coin. few settlements have
been made by bills receivable, which are lodged in
the hands Of Committee Of the Clearing House unit
redeemed.
We are glad to be able TO announce that the
arrangements between the metropolitan and Suffolk
Banks for the reception and redemption of eastern
money have been concluded. This will take away
about million of dollars per week of uncurrent notes
which are Hosting among the public and send then
home Cor redemption in New-York funds. This is I
good work one of the most important of the measure
Of relief from our present embarrassment, and th
Metropolitan deserves all coInmendstion for its eor
to meet the demands of the public in this respect
The notice is as follows:
METROPOLITAN BANK.
NV ENGLAND MoSEyThis bank viii take on deposit o.
cent discount, all New England money which n received
the SUFFOLK Bank Bcs.onthis for the present. excludes
kbode Island ypsJDs for the net proceeds toe dsy
tes received and counted BY this bank reeyns the en
20 Irset large OF unusual amount Of any bsnk. .
No bank can draw Of its OF Htw In
Rlsnd money I'LL the day after II 10 forward.
Interest on your account viii slst inst.
GEORGE l. SENEY, Cashier.
II viii be seen BY the concluding line that this banI
has joined the bsnk-resOrm party by sbolishing th
payment Of interest on balances, which Is proI6,
yource Of evil Other banks doing the same thing
asd in short time very nearly all banks will hsv,
.bxodon the system. few bauk managers srgu.
thu. the sboshing of the practice paying interest
Aaape es win force capital away from tas city to B,s