New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-20

MONDAY. Nov. 19-P. VI.

200 Harlem Railroad. 1 lIJ CHI, b. q RK.. 30
MONDAY, Nov. 19-P. NJ
The features Of the Stock market to-day were the
same as have been chronicled during the past week.
Cash Stock came ont freely under the compuson OF the
stringent money market and the bears offered their OPP
tons with more holiness than Last week. The decline
was general and varied from to " cent. There was
not much biddngo buyers option, the differences being
very large and parties ont of the street who are buy
ing have in most cases. made arrangements to buy for
cash. The amount Of shares dali be very
considerable Many of the current fancies especially
Central and Erie, very scarce and deliveries made
with greadiculty. Between the Boardshe market was
frmer and at the Second Board, with small business,
AMI advance morning prices Of to cent wascsiab-
lished on some of the active shorts. After the Board,
the result of the Bank Conference known in the
street, and the market suddenly became active and
buoyant Central advanced rapidly to 7il; Gaena to
So Illinois Central So and other stOckswere equally
strong. The excitement was great until an unusually
late hour, and the market closed very strong. The
heayiness of the market in the early portion of the day
was very marked in State stocks and railroad bonds.
Missouri lis sold down to IS, Tennessee to "A, North
Carolina to 76, &c. sale Of Government IS, 1874,
with interest since LIST July last, was made at 95.
Railroad bonds Of the speculative kinds fell off to y
cent but were rmer at the close. Bank stocks were
almost entirely unstable, at very low figures.
The Exchange market remains as before noticed.
The transactions very limited and confined to the
best signatures. The range for Sterling q cent
discount the nominal par up to cent premium.
The few transactions reported of leading names at
y cent premium. Francs are equally unsettled.
Frcghts-To Liverpool, 200 bales Cotton ~ steam
er at 3D.. 1000 bbls Flour at is 49, 600 bush. Wheat
at az Q 3d. in bags, the inside rate from store
% 900 BUSH Corn at l4lc in bulk the latter price
to load at Atlantic Dock. To London, 100 IBIS
Flour at Is. 3D., and 5000 bush Wheat al led. in
bags. To Glasgow, 5000 BUSH Wheat on private
terms. To Bremen, 2eSS hhds. Tobacco at 3Os brig
of 10 tuns, frop, jacksonville to Norfolk with Lum
Der, at 81, v NJ feet. One of 200 tms from Whining
tep to Curacao, with Lumber, at sl3 p NJ feet. A
vessel of 200 tuns a Wndward Island for 81 200
ror charges paid and back to New-York, on private
terms; and ship of $50 tuns to London with Wheat
at i'd. in, shippers bags; Flour al is.
The business Of the Sub-Treasury was: Receipts,
Sl47 $50 9j-for Customs, $is OOO Payments, $i2i-
$50 SO; Balance, 81 7S2, Ola 81. The large dsburse-
mens are on account of reimbursed Treasury Notes.
The attempt by the banks to relieve the exchange
Market 10 which we alluded yesterday, was renewed
to-day in different shape. meeting of bank presi.
dents of banks with over million capital was called
this morning in the Directors room of the Bank of
Commerce to consider what measures of relief for the
present crisis could lie devised About So 100000 of
capital and sixteen banks represented and, after
session of several hours during which various schemes
to relieve the money pressure were discussed it was
unanimously resolved to purchase ejOOOOO of sterling
fo
ton and the avas be returned if necessary in gold
Mr.. Stevens of the Commerce, Mr. Teston of the
Phoenix, and Mr.. Taylor of the City, were
appointed committee to carry out this resolution, the
cost of the exchange to be assessed pro rata upon the
banks according to their capital 1t also agreed to
make q moderate expansion in the discount lines to
make with the exchange operation aggregate ex-
pansion Of about live millions of dollars This amount
will do great deal toward the relief of the money
pressure at present existing, will set the wheels OF
commerce again in motion, aud assist materially in the
restoration of confidence, which is more needed even
than money. Such action as has been taken to-day
was absolutely necessary, not only for the re-
lief OF the commercial classes but for tb
safety Of the banks themselves. The timo
wasl rapidly approaching, when it would become a
question whether the merchants or the banks .loud
break and the lesson of October 1857 was too recent n
leave much doubt what would be the decision. In the
state of initiated feeling which has existed for the last
few days among the bank dealers il requires but small
initiative movement TO have brought about the re-
currenee Of the scenes Of the 18th Of October 1857
W It'll every material element of business in this coun
try in prosperous condition AS now money panic
would seem 10 be impossibiy and an absurity vet
we had one violent and sudden a. West Indian tor
mdo. II appears TO Va to require nothing but united
and liberal action he pant of the City banks to put
end TO it. Ii il equally evident that continuance
# the contractive policy of last week would have
resulted in numerous bankrscies without securing the
aicy Of the banks themselves The official account of
he proceedings is rs follows:
Al a meeting OF bank officers held this afternoon at
he Bank OF Commerce AT which were represented the
GLOWING banks: Bank of Ncw-York Manhattan
Merchants. Mechanics Union Phenix, CITY, Ma
ionaI, State of New-iork, American Exchange Re
public, Metropolitan, Shoe and Leather. Continental.
Park, Bank of Commerce--siXtcen banks-it WAS !
resolved that the banks here represented
viii unite IN the purchase, through Committee of |
sterling bills 10 the extent of 81 500 0O0 and nav for
he same in proportion 20 their capital pro rata upon |
he call of the Committee. Messrs. John A. Steven. !
Moses Taylor and Thomas TilestOn were appointed |
uch Committee. The business OF transmission OF the |