Article Text
# Commercial and Money Matters. SATURDAY P. M. The transactions at the Brokers' Board were very limited to-day, but sales were generally firm. In State Stocks the sales were also small, but there was no change in prices. Foreign exchange is quiet-Sterling 5½ a 6; Francs, 5 45. Alabama is at 9 a 10 discount with very little doing. The Britannia at Boston brought $450,000 in specie. Another account states that she had nearly a million on board. Os the 27th inst. the assets of the Bank of Lyons will pass into the hands of the Receivers. The notes are selling at about 35 discount. There was more demand for Lewis Co. Bank Notes to day and buyers offered low rates, say 3 per cent: This may indicate resumption. The Atlantic Insurance Co. has declared a dividend of twenty-five per cent on the old stock. making 389 per cent since November 1829, averaging thirty per cent per annum. The new investment organization is going on prosperously. C. C. Palmer, Esq. has been appointed Secretary of the New York Life and Trust Co. in place of Ed. A. Nicoll. Jas. Smith, Cashier of the Marine and Fire Insurance Bank, Savannah, is a defaulter to the amount of twenty thousand dollars. The Bank is secure. The following Stocks sold at Boston: 0 shares Boston and Providence Railroad, $88 per share; 2 do Shoe and Leather Dealers' Bank, 93¼; 5 do Franklin Insurance Co. 92¼; 25 do South Cove, 84 a 85; 10 do Atlantic Bank, 82; 5 do Boston and Maine Railroad, 86½; 4 do Mechanics' Bank, 65; 5 certificates, each £2000, together $4800, Massachusetts 5 per cent stock, 1871. 87 a 87¼ per cent; 1000 N. Am. Trust a-d Banking Co. $12 00. The receipt of the Western Railroad last week were a little rising $7,300. The receipts from passengers have been smaller since the increase of fare. The Chatanque Co. and Silver Creek Banks are quarreling, and large amounts of specie have been drawn by the friends of the two Banks. At last the Silver Creek Bank being drawn on for $10.000 in specie declined forking over, pleading the lateness of the hour and in consequence the notes were protested. The Planters' and Merchants' Bank of Mobile has gone into immediate liquidation in conformity with a vote of the stockholders. A Convention of Merchants, Ship Owners, Ship-builders, and others in New England, interested in American mercantile Navigation, will be held on Tuesday next at Boston. This Convention will be held to take into consideration the past and present condition, and future prospects of the Mercantile Navigation of the United States; with especial reference to the commercial arrangements and treaties between the Government of the United States and Foreign Governments, and to adopt such measures in relation thereto, as the Convention may deem proper and expedient. Judgements to the amount of about $25,000 were obtained against the State Bank of Illinois at the November term o the Sangamon Circuit Court. A resolution has been introduced into the House of Representatives to ascertain upon what terms the Bank would give up the Bonds of the States held by it. A resolution was also offered in the Senate to rescind the proclamation of the Executive officers of the State, forbidding the reception of the paper of the Bank in payment of taxes. A meeting of note holders of the Mineral Point Bank was recently held at Platteville, and a committee appointed to obtain, from the Commissioners of the Bank, a full and fair statement of the causes which have delayed the application of the means in their hands to the payment of the bill holders. It was alleged that the Commissioners have had under their control, for nearly fifteen months, assets of the bank amounting to about $131,000-that they have not redeemed or canceled any of the bills or liabilities of said bank, or given any satisfactory explanation of their acts. The stockholders of the Planters' and Merchants' Bank, Mobile, held meetings on the 12th and 13th inst. at which resolutions were passed in favor of placing the institution in immediate liquidation, and turning its assets into means for the payment of its debts. A bill to regulate the Branch Bank at Mobile was introduced in the Legislature on the 8th instant. Among other provisions it contemplates revoking the powers to deal in bills of exchange, discount notes and receive money on deposit; requiring the different Branches and the Mother Bank, to receive the bills of the Branch 'in payment, and to stand as creditors of the Bank to get pay out of the assets; pledging the bonds to payment of the debts of the Bank equally, and authorizing a sale, with the concurrence of the Governor; authorizing debtors to the Bank to discharge their indebtedness with the notes of the Banks, and authorizing the issue of six per cent certificates to note holders. SATURDAY, Dec. 24. On the 14th. $237,424 in specie arrived at New Orleans from Tampico, of which 23,918 was for New-York. The house of Lizardi & Co. received $173,817. # Markets-Carefully reported for The Tribune. ASHES-There was nothing doing in either description as far as we could ascertain, and we believe there are no orders in market. Prime are firm at 5 75 a 6 00 for Pots, and 2 00 for Pearls. The quantity received and opening of navigation to 24th Dec. is 44,081 bbls. The exports are 31,549 Pots, 2879 Pearls. The stock is now, Pots, 1st sort 1287 bbls; 2d sort, 416 bbls; 3d sort, 227 bbls; condemned, 145 bbls-Total 2075. Pearls, 1st sort, 575; 2d sort, 100; 3d sort 28; condemned, 22-Total, 725 bbls. Compared with last week this is a diminution of 370 bbls Pots and 35 bbls Pearls. BEESWAX-We notice a sale of 3700 lbs Southern Yellow at 29 cents, cash. COTTON-The sales on Friday reached about 800 bales and to-day there were about 1500 bales; prices are firm but receivers offer Cotton freely at current prices. The sales of the week aggregate 8724 bales, of which 5703 bales were Upland and Florida at 5 a 7¾; 1550 Mobile, at 6 a 8½; 1200 New Orleans at 5 a 8¼. and 274 Texas on private terms, quotations are, Upland, fair, 7 a 7¼; good fair, 7¾ a 8; Alabama, fair, 7¼ a 7½; New Orleans, fair, 7¼ a 7½; good fair, 8¼ a 8½. FLOUR AND MEAL-There is nothing but a retail trade doing in these articles and prices continue very heavy. In fact it is almost impossible to make sales. We quote Genesee, 4 75 a 4 87½; Michigan and Ohio has been offered, in some cases, at 6¼ off of 4 75. Southern is more plenty and dull. The arrivals during the week have been quite large and have mostly gone into store for want of buyers. The quotation 4 50 covers almost every description. There is not, however, a great deal of Georgetown to be had at that rate. Brandywine is mostly limited at 4 87½ a 5 00. Richmond City is held at 5 62½. Rye Flour is not very brisk, Small parcels, afloat, are held at 3 12½; out of store, 3 25. We notice sales 100 bbls Jersey at 3 37½. Meal continues in very limited demand; Jersey, 2 50 a 2 62½; Brandy wine, 2 62½ bbls; 12 25 a 12 50 hkds. Sales retail sales. Shorts or Ship Stuffs, the nominal price out of store is 10 a 12½ and 15 a 18. A small lot of Jersey sold at 10 and 15. GRAIN-Buyers dont feel disposed to take hold of Wheat at the prices asked, 95, and we hear of no transactions. The stock is now about 10,000 bushels, one-half in store. Rye is rather dull and no sales are reported to-day We quote 56 a 58. Corn is wanted by distillers and there is very little offering. We notice a sale of 1200 bushels Virginia old at 58, weight; new Northern sells in small lots at 50 and old at 54 weight; 53 measure. The last sale of Jersey was at 53. Oats remain without change; River 30; Canal 30 a $2. A sale of 1400 bushels Southern was made at 22. HOPS-There is not much doing in consequence of foreign orders being limited below the market. About 50 bales have been taken for home us at 11 a 12, cash. METALS-This is always a dull period in Iron, and the present state of the market for all descriptions is peculiarly so. We hear of no transactions, but some small orders are being executed for the South. The sizes of Swedes usually sold for Nails are retailing at $77 50. Of PSI Old Sable, the stock is light, but supplies are expected. The sales of Missouri lead this week comprise 900 pigs at 3¼ cents, equal to 6 months; and 1500 do at 3½, 3 months. The stock is now 22,000 pigs, three-fourths of which is held by one house at 4 cents, cash.
