New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-19

Balance on hand carried to October S36623 81
AT special meeting Of the Board Of Directors OF the
Pacific Mail Steamship Company, on the 18th inst,
Allan McLane was elected President, and ). L. Mer-
chant was appointed Secretary.
We alluded yesterday TO the proposition of leading
bank President to relieve the exchange and produce
market by the investment Of the banks of million Of
dollars in the purchase Of produce bills. The attempt
was made to-day to carry the proposition into effect,
but after various bank presidents and cashiers had
hausted the day in consultation the arrangement was
finally abandoned The proposition was to discount
the paper of Messrs Brown Bros. & Co. for million
of dollars the proceeds TO be invested in the purchase
of exchange which was 10 be sent forward and gold
brought home in return. This would have sensibly
relieved the exchange market and enable produce
shippers and produce receivers to meet their en-
gagements. The leading banks expressed their will
lmgness to lend their proportion of the amount
needed, and the matter had favorable appearance
until late hour in the day, when ii fell through the
want of concert Of action and lack Of confidence in each
other which is characteristic of bank managers,
preventing the cOnsummaton Of this Of relief
which would have been hailed with joy by the
mercia community. Meanwhile the produce receivers
and shippers are at dead lock- and must apparently,
continue 30 until some currency is obtained for ex-
change gold can be received from abroad Already
a prominent receiver has been obliged to suspend,
having an ample amount of assets on hand, because
shippers who bought of him cannot negotiate their eX
change, aud of cannot pay for his -four aud
wheat The effect Of this state of things extends to the
West At Chicago to-day there is exchange and
the rate ia nominally 10 3 cent. Orders have been
received from there not TO forward paper banknoes
for collection as there is exchange TO return in pay
ment and the Western banks have habit of refusing
to redeem their notes in specie.
The Money market to-day shows no improvement in
paper Rates are rather higher and it is just as diff.
cult to make negotiations Money-lenders either
boarding using their money in stocks; at any rate,
they have nearly disappeared from the discount houses
notwithstanding the temptation Of II a2i y an.
interest. Prominent names at short dates have been
passed to-day ut II y cent, with few exceptional
transactions at lower figures, while which three
months ago went freely at 6a7 cent are offered,
without buyers, at 1921 y cent. On demand, money
ia = cent, and very scarce.
The Atlantic to-day took $4,000 in California bars
for Paris About $3.50 900 in gold also sent to the
South mostly, understand, to Baltimore From
Boston there still moderate amounts coming
Land warrants are heavy and nominally 60 a CSC. Y
acre. Uncunent money is very active, and the rates
Tor Western are high. Illinois, Wisconsin, Iowa, &C.,
bank notes are selling at 10 y cent Indiana y cent?
Southern TO 10 y cent. We have received from
Albert ii. Nicolay Auctioneer and Stock Broker, his
semi-monhy price current of stocks and bonds giving
the laest quotations of securities well as other in
formation copies of which be obtained at his office,
No. 80 William street, gratuitously.
We annex comparative statement of the imports of
foreign dry goods and general merchandise at New