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SATURDAY, Nov. M. The stock market drags its slow length along, without the first inclination of returning buoyancy. The extent of transactions has sensibly diminished, and the buyers comprise the combination of bull speculators. The strength and resources of this clique appear to have reached the maximum points, and the probability is that before many days elapse the market will be all back again to the low prices ruling some weeks since. At the first board to-day, Michigan 6's declined 1 per cent; Missouri 6's, 4; Michigan Southern, preferred, 1: Illinois Central Railroad, 1; Chicago and Rock Island, 1. Tennessee 6's advanced 4 per cent; Brooklyn 6's, 1; New York Central Railroad, 1; Erie, 1: Reading, 1: La Crosse and Milwaukie, 1. There were very few time sales on the list, and those made were principally buyer's option. At the second board the market opened and closed dull and heavy* Erie fell off 1 per cent; Reading, 1; Michigan Southern, old, 1; do. preferred. 1; New York Central, 1; Galena and Chicago, 11; Cleveland and Toledo, 4: Chicago and Rock Island, 1: Milwankie and Mississippi, 1. After the board a slight rally was realized upon the report that the Northern Light was on her way to this port from Aspinwall, with two millions of gold. Another account says twelve hundred thousand dollars. The Assistant Treasurer reports to-day as follows:$118,209 39 Total receipts 183,505 28 Total payments 4,395,219 22 Total balance The receipts from customs to-day amounted to $4,700. The steamship Ariel, from this port for Southampton and Bremen to-day, carried out $36,925 in specie. The closing rates for sterling bills by this steamer were 8 a 9 per cent premium for 60 days. Sight bills 101 a 11 premium. The exchanges at the Bank Clearing House to-day amounted to $12,655,130 95, and the balances paid to $1,073,525 40. The semi-annual interest on the bonds of the Treverton Coal and Railroad Company will be paid at the Leather Manufacturers' Bank on the 1st of December. A letter from the receiver of the Sackett's Harbor Bank states "that no dividend will be declared in January, as was aspected." The receiver furthermore states "that it is impossible for him to say when a dividend can be declared." The Howard Insurance Company has declared 8 dividend of 12 per cent, payable December 7. We have received a copy of the message of Gov. Allston, of South Carolina, to the Legislature of that State. We copy that portion which relates to finance and the banks:The financial condition of the State is sound, though at the present moment necessarily somewhat embarrassed Without including the surplus revenue, $1,051,422 09, which is held on deposit, the debt of the State amounts to $3,058,681 50, drawing interest at a rate varying from 3 to per cent. The taxes returned for the last fiscal year are $463,144 55. The ordinary annual expenses do not exceed $3,500,000. But the pay ments out of the treasury for the past year far exceed that sum. Within ten years the number of banks has been in creased to twenty which are returned monthly with an aggregate capital of $14,837,641 25, with a specie basis in September of $999,399 76, and a line of domestic ex change amounting to $10,265,530 98. or the last sum six of the banks in the commercial city of Charleston, having a capital of 25, returned for their part only $3,027,657 78. The capital of the ten banks first named in the exhabit amounts to $10 25: their circulation for September was $3,389,826; their specie on hand for the same month, $597 949 15. The circulation of the same banks. as shown in the month of October, was $3,806,504. and their specie amounted to $436,893 95. The ten banks last nast named, having together a capital of $1,700,000. returned for their circulation in September $3,714,344 specie on band, $401 450 21 The circulation of the same banks. as shown in the October exhibit, was $3,218,315 50: specie on hand, $267,807 11. In the first half of the year, was pleased to learn that the bills of the principal banks in South Carolina constituted still a portion of the most approved currency in the West. and were available. also, to travellers as far north as the city of New York. Those of some of the smaller banks, it was sajd, were sometimes found, at certain points in the Western States. circulating too freely and in too great numbers. In granting charters hereafter, think it would be well to confine the banks to dealing in exchange, discount and deposit. The issue of bills for currency should be the prerogative of the Bank of the State, which in its turn. should be denied the privilege of discounting notes or dealing in domestic exchange The corporations which demand a circulating medium for their business, should apply to the State authority for the same, depositing one third of the amount desired in spe cie, and the remainder in satisfactory securities, 80 as to assure the public of the soundness and convertibility of a mixed currency This suggestion is made on the suppo sition that the State will adhere to the Bank of the State as its fiscal agent, not because 1 prefer it as such. Unless some such modification of the system be adopted. am of opinion that it would conduce to the soundness of the cur rency, and more to the interest of the whole community, to have the banking business of the State done by SIX cor porations, instead of twenty The Philadelphia Pennsylvanian of the 28th inst. says:The commission recently appointed by the Governor to investigate the affairs of the Bank of Pennsylvania, have concluded their laborsas far as is possible at this time, and forwarded their reports to the Governor on Thursday It IS understood that they find the condition of the bank much less deplorable than many have been led to anticipate, and that there is good reason to believe that every dollar. not only of its circulation and deposits, but other liabilities, will be liquidated. Its total liabilities of every kind. are reported at $2,070,000 including $550,000 circulation. between $300,000 and $400 of deposits and checks marked "good," and its indebtedness to city and country banks. &c. The total assets amount to about $2 700 000. the larger portion being bills receivable. some of which have been protested, and others renewed. while considerab e amounts are being paid as they mature. There is also a considerable amount of bonds, mortgages, real estate, &c., including the new edifice on Chestnut street. A large proportion both of the unmatured and the protested bills are abundantly secured. There are, how ever. contingent liabilities arising out of the endorsement of the paper of English houses. amounting in the aggre gate to nearly a million dollars: but the extent of this liability cannot be yet ascertained. Some of these houses have already gone down in the financial difficulties on the other side, and some weeks must necessarily clapse before the precise extent of the liability of the bank in this respect can be ascertained. in the meantime nothing de finite is known as to the purpose of the stockholders, but the desire and intention is very generally expressed of resuscitating the institution with a paid up capital of about a million dollars The charter is, doubtless, as we have before indicated, quite valuable. The shares sold yesterday at 11/2. The Boston Traveller furnishes the following information from the Lake Superior copper mines:The news from the "Toitec" and "Adventure" is very encouraging. Both will probably make paying mines, at ter all. The former is paying its way with a moderate force. and turning out considerable masses now and then. The latter, we perceive by the annual report, with 10,000 shares. has $11 cash in hand. A sale of 40 000 pounds refined ingot copper for shipment is reported in New York at 20% to 21 cents. From what we can learn the Minne soth assets are sufficient to pay every dollar of its indebt edness next March: thus leaving Jan. about two mil-
