Commercial Correspondence of the Register.
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NEwYoRK, Nov. 6, l941.

 The result of the election in this State will have reached you ere this. So great and overwhelming a defeat was scarcely before sustaine- by the whg party. They are thrown back to the position tIey occupied in 1928. the accession of General Jack son to the Presidential chair; far heard from but one whig has been elected, and that for the Sth district. It yesterday supposed that in conse- quence of the split created by the Catholic Bishop Hughes, that Morris Franklin, whig, was elect ed E. Purdy in this city, but the official returns to-day give Purdy majority of five votes. This will give the democrats majority of two in the Se nate. As far heard from the democrats have gained thirty members for the Assembly. Such change is calculated to encourage the friends of sound currency and restoration of creditthroughou the Union. It is peculiarly gratifying, when slider that the of President Tyler the bank question was made test question as we'll as the n- debtedness of the State I he democrats now in power will adopt such course as will relieve capi- tasts and stockholders from the apprehension of any large increase in the supply upon the market, and already the value of New York stocks has felt the influence of the result, and five per cts which dull at 9l are now saeabe at 83. State Stocks, generally ,are however, very dull with eceding len dency. One of the greatest fears that prevail in the market is that of the for sale of those stocks pledged in Europe for the United States Bank loans The affairs of the United States Bank are also the subject ofmuch attention just now, by of the attempts making by N, Riddle, in connexon with the notorious Reuben M. Whitney and others, to de- precIate the liabilities of the concern to the utmost, in order more readily to settle tile claims against themselves This works degree of prohigacv, that but few anticipated. The stockholders of the bank favor the movement because if the liabilities of the bank can be procured at very low rates it induce ment for the debtors of the bank to settle claims that perhaps would never otherwise be collected. The bank is benefited, the public only is robbed

 We are in momentary expectation of the Boston boat, which left Liverpool of the 18th ultimo. The eastern boat is just m, and the Liverpool boat was not teleg aphed when she left.

 The foreign bill market very quiet, and wlll tinue so probably until the departure of the next steamer. Sterling bills quoted 92 l04; Paris of 20 a 5 1S2. The demand for specie still con tinues for expert, and the rates are as folows