New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-08-02
, the Africa ia ms follows:

Henry S'ocxer....... 10 Brett Son Co.. 80
Wn RoTes Ne'nih go
I.aae jer. Js tIesmsa - Co.. 81
Otis uch......."..... SOL Skinner Co"''''''' g.
w r. Co"TeF Jr...,,.. 6o!o'-Ph "atton''''''' Soo
~ ~ iIae.......,..''. " M McLea1''''''''''' ~
HAyKg oooo
Poror CO.. .''''''''.''''' ''''''''''''''T'ogo
Total
At n meeting Of the Board Of Managers OF the Dei-
ware Division Canal Company, July 81, 1861, dN-
sion Of z cent ont Of the earnings of the LAT Six
months was declared Oh the capital stock of the Com
Iany payable on and after tue 18th OF August.
The marine Losses in July were Il vessels, OF the
value of $3.50 500 The total since Let January 3O7
vessels of tho value Of Sl42J.O0o
The statement of the Boston b INKS for the last week
compares With the peyious week, and for the corre-
spending week Of 1860, rs follows;
July r. 1871. July ~, 1851. July %, lss0
Loan,.........s GJ 1850 sGo2is ga s6,tecaes
sP.els:..... sse43i , essSSS9 49,, SH9G9
Cl,culsiion.... 675S.e2J 6Soi,'@ 6ss,sS'
The statement Of the present week, as compared
with the preceding shows increase Of go 1872 in the
items OF loans and discounts, and decrease OF Sl32n
ia specie $j72 58 IN deposits, si3i 07O in circulation.
The annexed hints to merchants from jobber Of
many years experience worthy ofsttenton:
"Panics are a. sure to occur in the commercial
world a. IT in the natural world. War We know,
produces Panic. Pesieucr aud fan lie are sure To do
tie fAme 0yerrsding likewise. Whenever the
volume Il liabilities Of peole become too great Cor
seslisl PA ic il sure 60 occur Iri. was e. dill
culry in lJ7 and long The credsystem is IN ex-
iste'o Gneading paper currency 20 long VIII the
country re liable 10 P,bcs. would be just a. wise
for slp.owner TO rig liz slip with no preparation
for sior,.s rs for Jobi gHouse to do bnsiuess with
10 expectation OF panics There IL but one safe polly
The amount Of liabilities shonld never exceed wi
The amount II capital. iOusos tbst 60 beyond tbs
are li4lle 10 be broken up whenever Pauics occur.
No rel ance can be placed ulon bsnks They ARE gay
docei,ers" that hold The promi,e to the ear, but
break II to the hope. Always Hush when you don
want money and GlwAys shot when yoa 90. Houses
that swell hill les 10 such extent "a to make Il
necessary cell goods sscIice 10 raise money 10
meet pressing Liabilities, have reached point Of
Danger Whtn houees sell goods Tor cash, at square
los common sense dcia that they are In distress
f5r money. Il IL he death AID yet this process
NAV he carried for YEAR, In prosperous se1son@,
without producing failure. The Ii, ilitl.s must each
season I've Increased well The cas1 sales. re- eLt
failure de eoped the fact that the gross prohts for tie
last three ye!rs we're about cent per mum. The
cash Sale 10 bad nearly absorbed the email pro-
Its ON credit sale-. The parties admitted Themselves
10 have nsOlveut since 1871, yet had maintained
n good credit Another failure dtvel ped the fact,
q A. he loss on III gle sys OF domestic gods IN cne
season Of siG months, amounted 10 sl,OV Al I'M
ing hOufe recently sO!I 10 Jobbng house lot 81
WIS found ihey were being sold A. 50 cents cash "To
this complexion has il come at lat" Conmission
houses uBd importers fespoDsble Tor this oonoItOn
OF thine Ih-ir theory Il tiht they cannot control
the prices at which 20 Is shuli be . II. When t7ey
have reached the g'Gyel bottom OF the matter, hey
will probably abandon tits theory. Sound Jobbeis
shoIid acI In concer and rime TO give noes payable
TO their own order. II ID tLs cusOul tha his pro-
du,ed tho present denornzed condition Of tra1e Let
there b. return the old custom OF making notes
payable "a tie order OF those of whom pnrha,os are
made. This would bring eacn iJbbing house to its
proper limit Of credit according 10 lie merit. Noes
that nppc .ret IN the market made payable 20 the
order Of the maker, would then lie bhcs -bllad, and
credit wouf be BROUGHT ~ It's logi iuAe basis. Coc-
miS,oB houses aud importers viii many OF them OF
pose ibis reform. IL is qui'e apparent why; Under
lie present .ystem they Ihow all the rik Of their
busi lie buyer Of paper IL Is believed, how
ever that tn buyers are sick OF the system burnt
ehd dreads the FIRE. and eiugie mime i0bbers paper
viii soon 10 amor z tie things mat We're
At PliladelpEa tie Money market ID very easy at
6e7 . cent. Al Chicago Exchange is plenty NJ par
10 y cent premium. Financial matters were very
steady. Upward OF four million dolIsIs of gold and
bank notes have been delivered at Chicago suce 25h
Nav. Wheat ha, declined to &c., corn TO Gle; the
country is literally full OF grain with the most favor
able weather Tor the coming harvest. TIE Winter
wheat Is cut ar far north as The Terre Haute Road-a
large Weld, and The corn fields were larger or
presened liner appearance. The low prices for grain
Leave little profit to the grower ttl the daily ecePt'
al Chicago are large.
b. tho Africa wo learn there was rather more de-
maud for money at 5Sjl 4 cent on paper. Consols
wore somewhat affected by tho President's Message
Tie Afiica brings London and Liverpool papers OF
judy 30. The Presidents Message had been received
and was not without its influence upon the English
funds. Tie Daily News soys;
oThe funds today showed increased beayiness.
Tho publlctiOn s0On after noon, of the text OF tie
American Presidents Message produced dis'orrage-
men although the apparent eAaRgeration OF feeling
md which he asks FOR absurd sum IA ESO,0OO,-
Ono sterling ia enc vote has excited great a,ention.
pre.iiept lincoln il evidently resolved TO let the
American nation the whole cost OF the threatened
c0ngigt Consols closed nearly y cent lower thAh
safsr6ev and are nov, again below 80, notwithstaud
inc Tho comparative ease which prevails IN the money
market"
ssYls Tines lefty aticle) says
% The fumes opened this morning without recovery,
and soon eYperienced ffesh decline, partly from
rsnort apparently unfouuded ha, tie Emperor Napo-
leon IL severely i'll It Vicy. The Message OF Frosi-
dent Lincoln was likewise favorably cit.d 6y the
specnltors although, even Oh the very unlikely cup,
rcSton that eighty million sterling is 70 be expended
by tho North on the war II IN difficult to see how
rranee AMI England can for the moment he anything
bnt pesnrilry guiners from the immense ontay that
,on,t thu, be- made on their productions. Consos for
money were first quoted esi Sgo ana snsy ie' OH "
In The discount market the deaud continues quiet
st5l q cent. In the Stock Exchange tie rates Tor
loans aIe y as oent'
TIC return from the Bank Of England for the week
ending tie 18th Of July gyea the following resu,S
when compared with the previous weeks
25ss y, I Isrsss
fuee isp ,.i''''''' ,.33ieeS go