New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-14

Moray continues easy for good eoneterf oass soo
urdeuhted paper. or this last there is ~ uausus
,ea,eiy ard a. this becomes more snd mora apparent
l,rde,s marife,t les. hesitation in negotiating, and
there IL decidedly less s.veiy in the scrutiny OF p,per
The fsu,es for very choice names range from TO l.
psr cert bu. there Is It'll very fair paper to be hsd al
from - TO -.
The ar, at feature Of the week 10 money msstsrs u
the rather sudden resumption OF specie payments ~
our City Banks, followed by those OF Boston, Albany
and New.Hsven. The movement has besn Tor some
time in contemplation, spd as specis has acmmu a'sd
and the session Of the Legislature drew nearer the
desire to became stronger, until a. last the In
sttutons opposed to the movement gave in tosesbe''
ard ever anticipated the step by oOs diy. Opinions
are very much divided in regard 10 the eBsa ci
this important measure. Many OF our leading ne''
chants aud bank nsusgers regard it az prens'ure,
while others look upon it with Indifference, antci'
paing no essential change in the general course
Of monetary Affairs. In one days experience no
satisfactory tett lie afforded, but there lie somehng
10 tie total lack Of disturbance or excitement
which justi6ss the anticipation Of quiet
and easy return to tie specie bsss 1t must be taken
into confederation that since the suspension Of specie
payments our bark loans have undergone no sxpai-
tion- standing in point Of fact in the weekly rsturn'
Yearly 81, 900 coo less in q comparison Of tbs figures
Of Oct H. few days after the suspension, with those
Of Dec !. the date Of our lat returns. During the
same time the specie has ruu up from q siS
$50 to &C. t69 s52 an increase of $s 22 COZ and the
deposits from $50 1884, 500 to 49, 49,, 065, gais OF
$23 5E 442. Thus, while IN osns the position Of our
Banks has not materially changed, their resources
have been strengthened to an enormous amount
within q very brief space OF tune. Now
the question aries az to the necessity Of contraction,
and upon this hangs the solution Of the whole matter.
1t quite probable nay almost certain, that the rst
movements of the banks will be those Of caution and
restriction, to guard against any possible contingency
bu. with the present business stagnaion, the limited
warts Of business men, the general desdness in matters
Of enterprise it is not reasonable to anticipate csn-
nuance Of this policy OF even it's practice to any inn
portant extent Between this resumption aud tina.
which followed the suspension Of 1887, the differ
snce in the position of the banks is very
marked. Then q large expansion had folio we'd
close upon the heels Of the suspension, and q. the
period of resumption business had revived greatly sad
the demand ,or d:couns was Of course active. The
consequence was contraction, which was felt severe
~ II would seem in the present case that the change.
though important enough to require the watchfd'
attention Of business men, cannot be attended By any
decidedly adverse resuts; and are rather inclined
to adopt the views Of those who regard the movement
Is ore not to be regarded with alarm usessiness.
In foreign Exchanges a decline of perhaps p cent
is the immediate result, while in domestic Exchange
an advance Of TAI y cent, varying according to
the distance Of the points upon which bills are
drawn, is already established As to Specie Exports,
ia not apparent that large increase must follow Of
necessity unless discount facilities freely
tended to in poers and when bring 10 to this part
of the consideration the fact Of very large decrease
in our imports for several months to come, there is
nothing TO excite apprehension on this poin Nor csn
we expect much demand for sp,cie 'opsy for duties in
the withdrawal Of goods from warehouse, so long O.
trade remains in its present insctive condition. The
bsDks are not therefore, likely to be subjected TO any
pressing calls for con and are we'll prepared to furnish
eli that will naturally be required. Whatever the
results Of this new movement may be, however,
whether for good o. evil the responsibility OF the
measure must rest upon the broad shoulders of the
Bank of Commerce, which not only took the le.d
throughout, but has been most urgent and pressing in
ts persussions and II uences So determined has this
bank been TO carry the mster, that if necessary il
would have been alone in resumption a. once. TIE
banks Of Philadelphia and Baltimore have sgni6ed by
telegraph their inability TO follow the movement st
present-but we trust II may not be long before they,
also, come into lire With the rest, for thsre is much
Of difficulty ard embarrassment 10 conducting business
in the present state Of exchanges between those cities
and New-Yor
A large sale of Soveregns wa, sde to.daya'$i 90.
Small lots bring a ssa$4 50. Some considerable
purchases Of gold hive been made for foreign ship
ment next week.
We annex comparative statement Of the Foreign
Imports at New York for the week and since Jan. l.