New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-09-24

cro.d 70 the noor Of tbs tnnnel The tunnel VIII %
- I'm Jerking order IN about Elk weeks, and negoisr
,;on, have been concluded FOR building several ware
Lorsss and an elevator on she dock. There - no
char to oe in the money MARKET excepting perhaps
gsater esse
TIE e.n.sc ere the exports Of specie for the week
ending Sept %: .,,o,o eo
seps City OF Wss ins.on, Liverpool SOW II ga 2,
ss1. gnino: avre sod bsr' soe %
seIt 22-SteAn Illinois, Havrs coin ~ 70 ~
s. p ~ Steamer illinois, HAvrs, 'peeie'''"" 4VO w
"'"*'0oo'' u
We annex comparative statement of the Imports
Of foreign dry goods and general merchandise at New
York for the week and since Jan. 1:
IG s Wst is2 sss s isss;, o. i 20 Is
o CRY M.fchaadi:e atSsi3 2oos777 1sal1S
Total for the week. sig1gsa ssn44ss es70Oeo
Previously reported. s6sl1o l7a,756aS H2looiIi
Since Jan. I... sIO1,s76sa sls2eol26a s175 aa6lsl
The money market is reported easier from all qGar
terra but there ia DO material chang, in rates. The
supply both On call and for desirabe paper Is ia
of the demand at current rates. but as yet there is
no dspcsiio to make concessions on the part of
lenders. The calculations of many sagacOus financial
men have been entirely defeated 10 the practical work
ing Of trade exchanges and settlements. IL was an
ticpated for example tost in The movement of very
large cereal crop the deaod for Eastern capital would
be active and extensve but in forming this opioon, it
is now evident that the traction of credits at the
West had not been taken into the account. Hence we
find that the crop movement stimulates an expansion
of currency at the West, rather than q direct
demand for capital and the same activity which
cals for this credit creates demand for State stocks
al nj
State stocks as nth money furnishes the former aud
thus partly quidates Western balances AID the crops
move without the ordinary dsmand for actual capital.
The process is simply that of substitution of credit
for monsy-credt which for three years hss shrveled
to email points at the West, and which is now made
available ond profitable by Western bankersn expand
ing currency. Tne croakers who at street corners
preached, but few weeks since, money panic, are
evidently puzzled and are taking this simple les
con in political economy viz: that general role,
before contraction expansion, aud that the
amount of bank loans in Nsw-Yo does not Indicate
expansion everywhere Mr. James c. Beach, Cashier
of the Marine Bank of this city, has resigned aud Mr..
T. R Ackley Of the Leather Manufacturers Bank has
been elected to fiji the vacancy 1t is reported that
VIM. G. LsIe g. Co., Of our leading dry goods
houses have asked an extension from their creditors
81 100000 and the assets at an amount showing
plus Of ever million. If this statement is correct,
The assets, which show nearly two dollars for every
one of liabilities, must be somewhat "slov TO require
years nursing.
The Chicago Journal says:
The oney ma'kt has worked into comparatively easy
dion the active demand experience few days from
duce operators has ing in greet subsidized The regular
discount houses took 81 the good buness Offered at
U02 q cent and IN quarters there IN the
supply Of currency.
The msrke Eastern exchange steady with supply and
demand about equal The business principally Of local char
setter the orders from having fallen of Siucshs decline
In exchange Chicago the pck.se demand from the Nohwe
has been very light; end dealers therefore do not ud
profitable bank notes the supply II exchange from other
being equsl 10 the sales NewOresns Is qDiet but
steady dcoJut buying and par selling Eastern bills I'm
light supply, with demand at equalto 3Hl0 cent New
Orleans at salO for first class Very little doing in gold We
quote:
Buying. Selling
Eew-YOrk isht.....'.''.....'...-et prem III pren
Boston, PREM so. prem
Philadelphia sght...'' '.'.'''...-db prem td4 prem
baltimore prem SAT- prem
Eew.oIleaEs ..'.....'.......'... 10 dis par
American Gold 1Ut prem 5p05It prem
issouri Illinois and Wisconsin currency is bought at dis
count and sold ct discount The supply not equal to the
counter demand
The following ia approximate statement of the
eatnipcE of the pittsburpb Fort Wayna and Chica