New-York daily tribune., 1861-08-25

Illinois Cent Ffeelsnd Bonds ..s,'.,'s.''ldG
Michigan Central per Cent Bonds. ........le6s .dM
NewEork Central per Cent Bonds ssSs
New.YoIk aud Ers per Cont ' mortgage .ls61 9 @aS
New.YoI.s Erie per C.n, "a gaS9s
Nsw.YcIk and Erie per Cent 5d mortgasci862 SG3o
Panama per Cent sterinsl h mortgage. .lsSS %Gss @
Penhsy lvsnis Central per Cent ......''iesO GGSo
In relation 10 American Stoke Messrs. Barring, Bros
| s. Co. remark:
Ia American stocks the busipess is limited 10 specu-
stive purchases. United States De bas fallen TO ~
| New-Gtleans City 6s bonds have been sofd at ~.
Virginia 6s at 46. Illinois Central Railroad shares ~
to 80 discount. New-York and Erie Let mortgage, IL
| 81 0e4; Sd mortgage, 7S Q79. British Colonial some
! what frmer in price.
| The defeat of the Federal Army At Bnli Run has
shaken the confidence Of buyers as IL tends 70 proiong
the struggle United States bonds have fallen heavily
and are very freely offered Eiie shares ana Illinois
shares have each declined 4 per cent. Bonds OF all
kinds are more plentiful and few buyers cone forward
| even at O decline.
! TIE London Ec0a0ufst says:
"The demand for discount this week bss been goner
ally modeIate although yesterday and to-day money
has been little in request. In the open market
the best paper has been negotiated at cent, or
qrarier below the bank minimum, and exceptional
transactions have taken place At IT, There continues
10 be general stagnation in business, and the COM
mercia Gills Offering remain consequently limited. On
the Stock Exchange, loans on Government securities
have been liz More demand, owing to some large sales
of stock for immediate delivery. But the rate has in
few cases exceeded y cent.
The lew Italian loan has proved complete success
much larger than had been asked for having been
subscrited. II s stated that some rather considerable
amounts were rendered from this country, the terms
being viewed in some quarters very favorable II
ia believed that the general sub-crber will only
| ceive about Is y cent of their applications
Consos were frmer in the earlier part Of the week
but the unfsvorabe change IN the weather. together
with the heavy sales IL said account Of the Cont
Of Chancery, have since occasioned reaction. Some
large purchases Of stock APPEAR on the other hand TO
| L. I,pt tlan nu,,E h. Al -
tiops this afternoon Oi 10 fof money and 90J
for the account but after regular bonrsth tendency
wss again adyerfe and the final price cash was 90t 10
| J. and for the 10th Of September 905 to l.
The March issue of the Exchequer bills have fallen
| N l6J 01l discount, willie the June closed with
ont alteration at discount 10 par. India bonds
tinue 10 improve, and left off this evening, at 81 R4
| discount.
The clO,ing quotation Of French three Ter cents this
evening, on the Psris Bourse, 6sf50c., showing
on the week another rise Of an eli bth.
TIE monthly return of the Bank Of France published
this morning, exhibits the following results:
C.,b In hand OOo Circulation. sIO73No
Bills discouuted. issON Treasury balanec' 6lt,'O0
g6oOOo Garment accounts ssss Ooo
The London Economist Of the 10th abandons the
hone of getting cotton irom the United States in the
regular way. II says:
Since the war must continue till the North has, In
the frat place wiped out the humiliation of it's late
defeat and convinced ITSELF in the second place. Of the
| capacity Of the South 10 bold is and 10 make
good its positions and since ole OF its principal nsru
Of warfare and that from which looks for the
greatest results is the strict blockade Of the Southern
pors--it is obvious that our chances Of receiving
within any moderate time any considerable proportion
of the growing crop are greatly diminished.
The controversy eannot now be speedily settled At
least rix months probably twelve months, elapse
according TO ell seeming before the Southern ports will
be again open 20 free intercourse with Europe II the
blockade ia really made eiiective-and the Federal
n au,gpi he will
TO make il so-then usua supply Of cotton from
the States must be wholly or mainly foregone. We
shall have TO depend for the NEXT year chiefly upon
present stock and upon Indian resources. Under
The operation Of this conviction prices which have
! hihefto advanced but slowly and inadequstely viii
take decided upward tendency, and orders to India
| will be sent ont with much greater confidence than
heretofore and at much liberal limits. Unusually
large quantities already on the way from that
eo1ntry and from frat to ast We shal perhaps receive
million Of bales.
our manufacturing districts. The spinners rule
are unusually well stocked with the material
many people say 81 far forward as October The eX-
pe:taion Of advance in price, which certain TO
be considerable and might be enormous has induced
purchasers TO supply themselves freely with goods and
yarn; and prodncers were determined not TO allow
tLer produce TO accumulate they have met the demand
readily. And as they could, geneTulIy, at existing
prices "eover themselves as the phrase isDtbat is
escape actual lossthey have gone producing nearly
at their ordinary rate. Now however, there is the
commencement OF iull IN tn6 oennnui as MANU-
factureis are determined not TO stock" they will
produce OILY "a much as they can sell, and shall
s0n see short time Iesorted TO as general
Already few mills are only working four days u
week. There Is TO panic aud little speculation; eau
ton is the order # the day. people resolved TO
feel ther way" and in the prevalence Of this temper
merchants win probably find escape from ruinous
los.es and operatives security sgsins uttsr destu
ton and non-employment.
We share 10 a considerable extent the instructive
conviction Of the Lancashire merchants and msnufac
turers, that IN article grown by eager seller and
consumed by an eager buyer will find its way from
the one to the other n spite Of all hostile barriers and
prohibitions The question IL after all one of degree
and OF price. We must remember that the same cause
the blockede-whch raises cotton 30 much In Liver
pool and Hsvre, lowers ii much In Newt Orleans and
| Mobile.
The export being prevented, and tbero being no
buyers, cotton becomes "a drug in the planting
Saiel al the very moment when 1t is becoming AZ pre-
cious In Engand and when the came article IL
woTiL twelve pence on eide Of the water and sx
cent the other while the freight is not two cents
the loss Of every other cargo 70 the a yenurous mer
chant who determined to the gauntlet through the
blocksding squadron would still leave him handsome
profit the entire transaction. With such prosnect
before himto say nothing Of the aluren ent of The
gambling character Of such trade 10 the speculative
manwe may be perfectly sure that the venture win
be made, and made a large scsle-snd before long
the insurance Offices viii begin 10 take cognizancs OF
such transactions.
naFkeu-CAaETuLII REPoK1ED roR 7Hs n. Y. TEtrrss
o,,,. ., SATURDAY. Aug. "a 10Ji