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larger tan reesp, the result H. that any epsrstions
based upon large receipts have been abandoned, and
the general movement restricted to meet any anti
cipsted demand from the Secretary Of the Treasury
The receipts at this port from customs TOR the
6rst two weeks in November, only amounted to
sass 46O and for the month. the amount will not ex-
ceed iii reaches, Ave hundred thousand dollars, not
than fifth Of former monthly receipts II is this
tremendous decrease in the revenue that has frightened
the banks and induced them 40 suddenly
restrict their operations It is fortunate for these nsu
tions and also for the commercial community that the
alarm came 10 early Had these banks continued or in
creased the expansionthat existed until very recently
there might have been more produced and
greater losses experienced As it is the troubles and
difficulties fall principally upon stock specuators whose
ruin have very little effect upon commercial affairs gen
orally. The mercantile classes have been slightly
cramped ny these movements but fortunately they we're
not deeply involved other classes and have escaped
We have, within few days. realized few Of the evils at
tending grea accumulation Of government deposits
any particular point We have repeatedly predicted
these difficulties and they most assuredly follow any use
of government funds in the rani6caons trade Any
employment of deposits that may at any time be called
for in loans stocks in discountng business paper
must occasion sudden contractons in the money market
bank hsvng these deposits usually operates upon them
long possible and it is only through sudden draft
that theyiare ofher position when loans are rapid
y called in and every called upon make up
the payment required II is much safer for any bank I,
extend its operations upon its than to de
pend upon temporary deposits


There is very little doing In either foreign domestic
exchanges Sterling bills rule at 10 iOf per cent pre-
MUM but It 10 supposed the rate for the next packet will
not be 10 per cent Our importations have fallen
on tremendously, the amount ofdues received Tor
weeks in November, given above, shows Remittances
have bsen made to great extent by shipments Of cotton
from the South and Indebtedness is rapidly becoming
reduced The foreign trade of this port has this year
bsen ruinous and losses fall upon those little
able to bear them and have doubt bankruptcy viii
be the fate of many We trust the result of this years
business will act check upon the movements Of the
next and regulate the imporations far to keep them
par with the actual demand for consumption
Two three seasons like those just passed through
would destroy many mercantile houses in this city, and
shake the foundations of manyiothersJ


Weannex the current quotations for domestic exchange
in this market on the principal points There is little
doing that they cannot be considered otherwise than
nominal.