The Burlington weekly hawk-eye. [volume] (Burlington, Iowa) 1857-1858, 1857-11-04

MONET MARKET.
The market continues without Improvement
There IL no symptom Of returning confidence,
but great symptoms Of exhaustion. The LIQUID
ation Of accounts 10 going steadily on, but there
| u more definite p0stPgnement than liquidation,
| aud consequently few renewals Of credits. The
consinued cootraceions Of the bAnks-even tho
they shov such large increase Of deposits and
meAns-is the fostering sore. The increase In
deposits shows that there 10 more money than u
used, owing 20 an excess OF fear. Distruss still
rqlep the community, and mensy 10 thus pre-
vented from running freely into The various
channels Of circulation. Abe m0npy eh9s With
held iroaa circulation u useless % The comma
nifty. Tie various attsmpes ct remedy have
been found almost futile. The country banks
are almost afraid Of their own currency, lest
the seisy hanks should suddenly resume specie
pay nsnts, and send in the conntry currency tor
redemption. Thus mutual dissrust prevails 70
an extent that FetArds the return Of healthy
condition Of things. The banks contracted last
week 81, lOO,OOO, although their deposits ran
up over ts,uOO, 900, and their specie over a.
6OO.OOO. This condition Of things cannot last.
What was the uss Of the banks enlar4iug their
capital this year, - % many did, but 70 employ
il! The bank exchanges show further dimi-
mutton Tor the week Of .. 260, 900. The Custom
dusies are very tri6ing. The Sob.Treasury ds-
bursemsnts continue greater than its receipss.
The city banks have greatly diminished their
own circulation. perferrinG 70 pay out that Of
the intsrioF banks during the suspension ofspe-
Gle pa. ments, ~ lesseping the most dangerous
part Of their llabilities-the laws protecting the
bili.h0Ider more efectuAlly than the dep0sitOr.
Eastern currency circulates little more freely
since the resolution Of the Metropolitan to re-
ceive il on deposit at ! Of one per cent Pro-
4. 81 Easl nd
,lpte are signs Of promise ahead: but the pres
sure Of maturing paper is yet much too Creation
im,nediats and available means 70 Weet, SO that
our 6nanc.sl troubles must endure for tims.-
With 81 /, 900 600 Of specie, the banks have =
line of only $07 ,26O,OOO Of loans. This basis
ii specis vas thought few months ago 10 war
rant line Of el2O, O0O, 900. The loss Of con-
6dcncs 10 the csvee Of the change; and conf
deuce 10 credis and currency aNd eYssythipg
else. Without confidence our exchanges with
each other would be reduced - . very email
smoans. 9A s'N ss
II ss,Arsxs ssss SPECIE s.ss n
The precious metals have not risen TO any
greater premium. - Vas expected Gold = BE-
coming very abundant in New York. The bro
kess ecu il % shsse-quasssrs Of one PER cent,
and buy it Ut one quarter only; Whereas p
Philadelphia 1t commands premium Of HvA
Der cent. 1nO cO0nsty U1p40sU uevO euPpsse0
themselves during the week, but have NOW
esassd buying. The accumulation going on in
Mes York . very great. Ths bank Fstnsns
show N avSsses Of Ok, 10O, 600 for the week
ending 94sh OctobsP, sines whsa q least an
other pillioa ahaa geae into bank. The Califor-
mia steamer, With the mail Of the 0sh instant, ,
due with q, SOC. 900, and The Raltie and Persia
steamers, from Europe, bring handsome sums.
the former S363 600, and the latter 81 600, OOO
| In q month. the banks will have most likely
Sic, OOaaO00-an amount 90 large that il will
81 cosdf1Ely peFplsx them. Win that inspire
them with con6dsncs or common sense both
/ of ,uhieh valuable qualities seem alike wanting.
| In Iess than three months it spsobable the sum
LOT twenty millions Of gold will Be accumulated.
What the slset Of that will Be ON banking
Ibrains ~ do mot ysntuee % fosstel- 4 short
Isims ego q average Of $4,000, 900, and that
9 Using caG. With largely increasing depositss
wpald have bsea tho1ght 70 justify very largo
incseAss Of ths discount levied bat nov, pre-
sisely when The meFce9tile community specially
want assissance, sush coadiiioa Of the specie
and dsposiss iselns are thought 70 require con-
| traction 81 discounta The Wisdom Of thu
course Of action i too peofouaa Sss - g
/ laahom.