The Burlington weekly hawk-eye. [volume] (Burlington, Iowa) 1857-1858, 1857-12-30
From tbo New York Independent.l
MoNRY MARKET. So. w


The resumption Of specie payments has not
resulted, as was feared BY many, in any drain
Of gold from the banks-the aggregate condi-
ton Of which, last week, shows the enormous
amount of 32S, 00O.0 800 in bank ON each day.
The average 10 rising one, and it 10 calculated
that there must he in bank not less than e29,-
900, 900, notwithstanding the export Of specie
has been large. Money still continues to accu-
mulate, though there 10 rather more demand
fer it This heavy accumulation Of specie in
Wall street shows how much business and-en-
terprise, and speculations of all kinds, have
been cramped how much industry has been
spoiled; how much labor has been deprived Of
employment. Gold has been coming and con-
tinues 70 come, from oil parts Of the country,
and Of course 1t the expense Of the circulation.
It is being hsaped up into Improbable masses,
instead Of fsrsiiang industry BY iss circulation.
II is not going to stop at e2S, COO 900 either. for
gold will come until produce comes forward
freely in the opening Of the year to come. An.
other California arrival will happen in q few
days, and then there will be $SO, OOO, 900 in
bank. Meanwhile, commerce languishes, trade
declines, exchanges are comparatively few; but
liquidation proceeds, capital is liberated and &C.
cumulates in the shape of gold. This languor
will last through the winter, and labor will 60
without its ordinary reward. There is little
business transacting anywhere. Business men
are living on their capital. not on their profits,
or on their credit; and those not engaged in
business are living on credit or charity. Money
is abundant, but 10 not sign Of national wealth,
bectus it lacks . proper distribution. The
banks have increased their loans . little this
week, and the deposit item has run up. The
| banks look well, and are ready for large in
vcstment in discOunts il good paper were offer.
ed them, but that 10 scarce, though the amount
offering 10 on the increase. 79s
lf y DRY GOODS. a
| There 10 better feeling springing up in thi,
trade, though there is little doing. Receipts
are improving, and recovery for the sprine
trade ID likely to be more rapid than We expect
ed short time ago, and this would seem 10 be
the natural result Of . very great degree Of
improvement ID the remittances, coupled with
moro Qnickness Of movement in produce. The
jobbers are selling to . moderate extent, and
those who resell ct retail do not complain o
| want Of custom. The consumers Who buy fol
cash are still . very numerous class. Prices
have assumed steady 6smness, and whateve,
change shall come will be in the direction d
an advance. Sales ct auction are now few
Some remains Of French importations are offer
ing, and the better kind Of goods. especially
merinos, command some email advance in price
on tue eAs[sme Aow quO'e''Oos ."ss weto sa'e'y
Obtained. Uomescc staple gooos continue nrm
And the comParativeiy limited supply y begun
nlng TO % appreciated. Inere 10 less pressure
70 cell tof money, ana nose a. oil nov o 81
IRENE eacfince. Inc country demand 70. goods
% ON the whole DETER. Inc Resumption o. cAsl
1 paymsoO ~ she oanks tsnos 70 lnspliH ~
country. Is j. > preparatory step for the revi
val Of busfuen early in the spring. The accu
nu'ss'on Q! % @ocn 'ole money q sne :oantaln
Sssu ~ e"vesss'o s wa auu.y I's.ppe.a
me - syypsr Sse" W cl'c"'a'' s"o As'ss''
'ne ns'a 81 'tsoe tine oe''ss'
4 "saADss o. fN1 NEW roRK PANIC.
iosk oeossspspsnaeo specie Psymentsl n ooo
oyS4s.e +! ~ 49, - ~ csp. oassc'o. W.
eas aooas = s ~ ..s1 ,ssI. sao aSoP. ~.
their Ss. osass; sos snsar osn .Peea. oenen
'r..u. '1s! .hs s.o oea. .Te P.a.1, :.
nds o. = ron 3.
70 stop j. u sSs,se ~. III sesE s.a.;on.
ne,s .Iasnos ~ co., "a hold il for their !,
n.Is No. :. s ~ 80. d.,,.-' .as Of col.
cT;"s ~. "a .;.sa . 49, n.al = ID
s. c .5 -: q. ~ ~. - ..s ....r,.a.;o,
s.sss -" S..s. $3.50 =. ..'S Cs =. ~. ps.as.
With deposit. OF large baga filled with geld-ul
vhs ~sr. SssL ~ T,.s S ~;
. i gradually - their nerves recovered tom
which Vas eMscsually done after the opinioa
the Judges had bssn obtained relative 70 u