The Burlington weekly hawk-eye. [volume] (Burlington, Iowa) 1857-1858, 1857-11-25

SPECIE.

SPECIE.
| Both the accumulation and circulation lof
| specie have Of late increased. The amount Of
| specie u bank b nov over ga ,OOO, 600. The
day svcraEe last week was Sle'soo. 600. Since
then the Aspinwall steamer has brought NJ
81, 100000 gold on freight !; the Ariel Havre
steamer. absut $50O, 600 = the Niagara has
| e6OO, 900; and the Sub Treasury has disbursed
more than it received while gold 70 coming
here from the interior-the domestic exchanges
being in favor Of New York. The premium
on gold 10 falling, and will soon cease to BE-
At Philadelphia also We observe . decline in
the premium for gold. There is . very free
supply Of silver. The banks will mot take il
from the railroad companies. sf4 81
DISCOUNTS.
The discount rates have declined, and are de.
clining. and will evidently reach . much lower
point, - the superabundancs Of money IL be-
coming very great. The discount brokers are
selling at l2@l5, and Is per Gen., according to
date, for 6rst-class paper; and some few names
have sold ut 10 per cent even Cor dates Of four
and Eve months.
One Of most respectable nsfchanlo, postnor
in well-known business 1ra, - - hiehly
pleased With bio /" balance eheeA b jay. 1Aae
be decided and gave formal nelics % his 1sn
that he should 2 retire" from busineD On the
6rst Of January next. EARLY IN October the
house Of which he il member suspended"
Having large surplus, they offered At once full
payment in merchandise TO all their credtors.
An avalanche Of protested paper, however, soon
changed their mind, ana sney arg now oaering
compromise q only per cent. Thus swings
the pendulun. Put your shoulders 70 the
wheel again, gentlemsn. Rssirs--nos yet. A
couEfay rAs8A @@a
Some Of orr conservative city banks, &c %
well known, always turn up their noee q ooun-
try paper, !. I. St noaes payable as banks II the
interior. OF III institntione II the city, this
elass are nos deepest in the mirs. The propor-
zion Of city paper protested in October, as com
paEsd With that paysbls n tha cosatfy dnfing
the same period. y - tve 70 one: Or hank
managers viii please stick PIN there, and re-
member that it 10 Fundamental Law In finance
that the best business paper i that which stands
nearest related to the consxmer.
PERMANENT rNvssrNEMr.
A capitalist in the country, some months
ago. sent ts0, 900 to friend in the city to in
vest in "goOd endorsed bupipess paper" 1t
was done. The whole amount matured during
the month OF October. In all, there were about |
g, enty notes. and every single one was protest.
ed. Al the names Is makers or end0rsers save |
one fan en- dorser) have either failed or suspend
ed One note out Of The whole batch, after
going to protest. was taken up oy tine endofser. |
( - - DRY 0oODs.
FAase Is modeate business doing BY i'm
pofters in drsss and other ssasonable goods.
principally to Wholesale dealers. The collec-
tions from the West are improving. and West
ern merchants are bsyine more freely. The
auction sales have besa. mostly confined to !
French goods, which were disposed Of 81 low
prices on . credit Of nix months. The Jobbess /
Of this and neighboring c,ties were the buyers
In domestic goods there 10 more freedom Of
Gale. confidence in some degree returning: The
Gales are 1t credits of four and biz modths.-l
We hear Of few 1t eight from hfss-c.an nousss.
Prices of cosnrse are Low. There Il 4 large stock
Of goods On hand suitable for The fall trade,
which far exceeds the limited demand, and pri-
Gee are consequently in favor Of bayesD. Staple
goods will pay we'll for keeping, bat tho want
Of money urges holders 70 sell where they
safely can.