Article Text
MONEY MARKET. Wednesday, Jan. 36--6 P. M. The markets generally have resumed the appearances they presented before the arrival of the late news. Cotton, which at first was buoyant, is again dall, and hold. ers are disposed to sell at the rates current last week; stocks bave renewed their downward tendency. There is nothing in the late news to warrant the hope of any speedy improvement in affairs. The appointment of Lord Ashburton is looked upon as an evidence of the determination of Great Britain to maintain peace if it can be done on her own terms, and not otherwise. In the leading political journals of London the Measage of the President is sneered at as "the conciliatory talk" of the "Peace-loving President," and hopes's are indulged that the Americans will not be so unreasonable as to resist the 'supervision of England as the Marine police of the world." From the present state of affairs, the shade which the political relations between the two countries throw over the financial world seems to have deepened, and the market was heavy to-day. Indiana 6 par cent bonds fell I per cent; Harlem 1; Canton à; New York 5's, 1 per cent; do 6's, improved 14 per cent; Ohio 6's, 2 per cent. Thes. Beekman, Esq. has been appointed Receiver for the Commerciai Bank of Oswego. The Clinton County Bank, Safety Fund, which recently revived, is going to attempt to stagger on.The redemption of its notes are resumed at the Mechanics' and Farmers' Bank, Albany. The Michigan Suspension Act of last year has been repealed. Since the opening of the Reading Railroad, 200 tons of coal have been received in Philadelphia, by that chan. nel. The supply of coal is constantly inereasing from other sources, and for the coming year prices must exceedingly low. The Morris Canal is about to be put in active operation; through it 100,000 tons of coal, in 2500 boats, it is estimated will arrive annually at Jersey City; and the Lehigh Company advertise to deliver at $41 per ton, as soon as the navigation opens. This is cents per ton less than it costs to mine the Lackawana The great canal coal monopoly is about to be broken up, and the opportunity is a favoroble one for the imposition of the tax upon coal to pay the State debts by the Penneylvania Legislkture, which we suggested some time ago. Since then a bill to tax coal 25 cents' per ton, has been introduced into the Legislature. This would yield $300,000. It is to be hoped that the interest will be punctually met on the 1st proximo. The London Times, after copying the late letter of the State Trea. surer on the subject, remarks as follows:The assurance thus given that the interest due on 1st February will be punctually paid cannot fail to tran quilise the fears of the English creditors of the State of Pennsylvania; and the explanation which the above let ter also affords of the cause of the further requisition upon the banks shows that, instead of looking with alarm upon that step, they should feel greater confidence from it, as it has been adopted solely for their benefit, to guard against any contingencies. A large amount of Union Bank of Florida post notes, endorsed by citizens of Florida, due in this city, on the 1st inst. have been protested for non-payment. The following are the leading features of the Bank of Kentucky and Branches, Jan. 1812, and Jan. 18:1. BINE KENTUCKY BRANCHEA.