The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1857-11-12
Railroad aud Money Matters i'm
..r New York.

The coupons of cities, railroads, &c., which
fell due to-day were met as promptly, proba-
bly,, as could be expected under the circum-
stances of the times. The new defaults we
near of are on the bonds of the city of Mil
waHkee, issued to the Milwaukee and Horizon
land Milwaukee and Mississippi Railroads,
and the first Mortgage bonds of the Milwau-
pkee and La Cross and Milwaukee and Horizon
Roads. The Erie Road commenced paying
the coupons on their first mortgage bonds, but
ran out Of funds and put some holiers off until
tomorrow. The holders of coupons on the
first mortgage on Southern Michigan Railroad
bonds were referred for their money 10 the
Office at Toledo. 1t is thought the Mlwau-
kee and La Cross and MilwanS zee anI Horizon
coupons will be paid within thirty or sixty
days. Some other defaults took place, but
they are not new cases.
The notes of the Woodstock (Vt.) Bank are
thrown out at the Metropolitan Bank this NOR
Bank are TO longer redeemed by Carpenter &
Vermlye.
The inquiry for bullion is quite limited to-
day, and the rates are 409A per cent. premium
Some of the brokers do not buy at any premi-
um. Gold is now moving erratically.
The foreign exchange market is firm, but
not very active. The supply Of outside bills
is moderate. The range of the mark ct is i04
! TO 1OS-the latter for very leading signatures
and for marginal bills. The business has been
| dane at l07@107l for bankers and 104 and
104@105 for bills of lading. Francs are 5.45
@425, and quiet. We can fad no foundation
for the rumor that the Persia brought out a
million Of dollars of certificates of deposit of
the Bank Of England. About ESQ, 000of mar
ginal bills and certificates of Liverpool and
Manchester Banks were received, but have not
| been put upon the market.
! The weekly averages of the Bank Statement
are received in the street as quite favorable
The increase in the specie average is large,
and The actual amount In vault is probably to-
day fourteen millions. Every Bank in the
list shows more or less increase in gold. The
Commerce has ST. Ala 900 and the Merchants
$l,202 600. The aggregate amount held by
| the Banks is now larger than at any time
since sept. 10, and is $s,O00OOO larger thar
on the evening of the day before the suspen.
sion. But small portion Of this accumula.
ton has come from purchases OF coin, it ha.
flowed into the Banks naturally from the int.
rior and from dealers. The Unexpectedly low
premium which has ruled ia The street for coin
has materially assisted this strengthening al
the Bank vaalts.
i In addition to the fourteen millions Of gold
held by the banks, they have four millions ant
a half of State currency, which, under the
present system at the Clearing House, is equiv.
alent to specie. Thus the banks hold eigh.
teen and half millions Of Clearing House
funds, with line of loans of ninety-tive mill
lions, and of deposits of fifty-one millions
i against eleven millions OF Clearing Hous,
4 funds, one hundred and three millions of loans
and sixty-one millions of deposits at this tim,
last year.
The deposits which had been quietly with,
drawn under the apprehensions of dealers, con
tinue to flow back into the Banks, and the in
crease for the week is nearly four millions
The increase from the lowest point of the un
4 drawn line has been about nine millions. TIL
circulation continues to be displaced by Stat
currency, and shows a further contraction
I'm. Y. Tribune.