comnerclal and Money Matters.
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OF For Commercial and Money Matters. Last Page.


FRIDAY P. NJ


Stocks were without material change to-day, and
the sales wera TO moderate extent.


Exchange is nominal at le a lOl for Sterling and
5.2l 4 $50 ior Francs.


We understand that the subscriptions to the Nor
s Canal stock have been large today probuby not
less than 100000. representing 1000 shares. The payments
were also large yesterday


The amount Of Specie in our City Banks ac-
cordng the reports just made exceeds eight millions of dol
lars.


The Bank of the State of New York has this day
declared dividend of 21s per cent for the last months
payable on the 10Th inst.


There was moi very large amount of remittances
by the steamer at Boston, mainly IN of bc h,gh
rates of Exchange. but to extent l. q:
cessation of orders aud the unsaeabene OF goods ned
this country British account large portion o. such
consgnents remains the warehouses of tue commission
merchants without ue, excepting Mt heavy losses the in
voice price, by sacrifice under the hammer Some parcels
OF goods have been reshpped and while the Others remain
sod of emttance required The amount goes
however, swell the aggregate of mporatons nt the Gus
House. and gives appearance OF overmDortaons but
fact they should properly into the account all


the goods situated thrown over into the next years bus
ness and tend fur reduce that Importation so LONG
they remain the consgnee hands, md there little pros
pect of much further reducing the stock this This POSI-
ton things the demand for bills TO be small
er than otherwise would be- Another reason for the limited
INQUIRY the plethora the London money market So long
as money per cent in London. the bankers there
hnve no disposition press debtors this side, whose ac
counts are running md per cent. interest American
houses good credit thus enabled to postpone remnnces
until later the season. when the bills drawn against the pre-
sent Cotton crop will appear penfuy and the price of
Exchange must decline


Cotton now goes forward slowly, prices here being relatively
high make shipments for immediate returns profitable l.
unlikely, however, that the continued mhcss of our
market and the now asceraned with comparative certany)
maximum of the coming will nve its effect on foreign
markets. and moderate rise in prices take place. The con-
sumption of great staple VIII be largely increased during
the coming wear both by home consumption in this country and
in England and BY the opening of new markets and the exe
sion of old in all parts of the world This will In mea
sure neutraze the of the present and the large
stock Liverpool and givesaby TO the market When an
does take place abroad the Accommodations of
Cotton shipping ports this side will GO on board SHIP
and the market receive supply OF bills Sooner or later oil
course the Cotton co. and remittances will TO consd
ernble EXTENT be postponed until bills made by the Cotton
movement appear more abundantiy.


Prime Sterling Bills at New. Orleans were, at the
lates, da,e So premium, and Mobile go premium


Mos, of the bills unQuestonabe goodness drawn against
actual shpmen, Of produce very profitable operation
made by banking houses the North, who buy these bills
knowing well the soency Of the drawers which the general
buyer for remances does not and either endorse them
m and draw their bills ut 10 l0h. realizing difference
of IL to per Our market closed for the steamer 10
l0l for Sterling; 52lh 20 for Francs.


During the month which has just closed there
has been general advance Stocks, especially sound dy
dend paying State securities. In NewYok Stocks tins rise
has been par, occnsoned by the demand for the Free
Banks which has already absorbed large portion of the
cent of this State The dcmnnd larger for vcs than
for any other description for this purpose the Comptroller
gives dollar for dollar them and will give bat dollar for dol
the OF the ves. beng at low premium
comparatively require small Investment upon whcn to OBJ.
tain the of notes. and preferred This de-
maad has carried Newly York ves from lG2 TO 1o. United
States Stocks have also improved from lie to lis. The
of Wing Governor and Legislature Ohio rendering
the passage of Free Banking Law, smnr that of
STATE aos; certain. the Socks of tha; State rapidly nd
vanced from 90 M i0 from which they fell hack lG


1921 which they steady Should hss lave be passed,
ms doubtless viii be- the Stocks Of OHIO will be in demand


banking basis and viii be gradually absorbed yes
have been In consequence of the virtual failure of the at
tempt 10 negotiate a new loan other side from the hold
or, OF Illinois Bonds for the purpose Of finishing the illinois Ca
na Illinois Stocks have fallen iros 30 81 10 which specule-
on time carried them. to II +il Indiana hare re-
NAMED without marked variation. The Illinois arrangement
/ looks by no promising deficiency Of Scme 800 600
, remains the subscription which the foreign holders look
TO have filed here It IS said that about $4,000 of might
he raised If the balance obtained England Weunder


stand the Engsh bond holders who have signed have
made full arrangements this side the water out heir
n,entons whenever the subscription full Thus the matter
s.ands Even. however. # the needed amount should be
rssed 1t nppenrs BY he Illinois papers that exceedingly
doubtful il Legislature would lay tax for the interest
which was one Of the stpiaons Of the arrangement Penn.
,vlvsoa Stocks have improved per cent The Railroad


have been fsvorte and nearly NIL high
or than at the opening of the month, and consers
| bIy So Esres
The sales of Stocks Yesterday a, Boston were:


30 shares Long Island Rrd 2 Do Boston and Lowell do
q mar cent ADV Is do Reading do bis 100 do do a. do
Boston and Name DO los 10 DO Western DO so is
| do S3JS 50 do do b30 81: 25 do do Srs.


| The Comptroller of the State OF Tennessee has
pabhd .t.ecn, of the finance, Of that State for the
l ending Oct, lst.


To,a amount Of receipt, during the sI s g


Total amount of disbursements during the year 81 ile 6
Excess Of receipts payment I9ses s. s.
Balance IN the Treasury h Monday Of Oct isH $50 q
| Leaving balance the Treasury. l,t Monday OF oo ~
narkets Carefully Rtporteafor The Tribune.
| FRIDAY. Nov. l.