Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-07-21
MONETARY.

The RepIbiicG1 Of Monday contains the fol-
lowing no less truthful than sen.ible reference ia
monetary affairs, Iproducts. consumption, &c.
We sought to elaborate the same ideas few
weeks since:- -r.a1-r yrf-ss
Asto money matters here, reference TO last
week s movements would be but q reiteration Of
former statements, showing moderate demand
sParinglv supplied, with an exceeding cIoseness
N uIe Exchange market. As 10 this matter of
exchange, with all the quarrelins about the high
a'es iae plain sense seems TO be tho. tie article is
n'gh because II IS srorce, and cannot be leitiuafe
increased until tie Vest has soil vaIuss 10 gipe fr
II. And the West never will have such values or
be al ease about her Exchanges, until her people
fnoSe more and spend less. The telegraph of YES
iercay conveys the agreeable intimatioh that the
French silk districts are going to make out of their
american orders enough to compensate them for
lheir losses by the var, which means, we suppose,
their losses IN every other direction. IL the West
intends 10 pay her full shate, as usual, OF tbis
foreign levy On American pockets, her psopIe
Will be kept as usual, cranped in their money az
fairs, will be complaining OF Banks and brokers
for shaving them, and have Bank war on hand
all the time. ." ~
The Democrat Of tuesday says:-
Sight Exchange on the East Is in more demand
To-day than during last week Even some of the
larger moneyed institutions are short to-day. and
their customers have 10 be supplied by others
Those houses which deal in currency are better
of, having more facilities for making il, and we
observed some OF these selling to outsiders at the
regular rate of per cent. prem. for bankable funds
The new Banks sell at Z when they have it
For sight on New Orleans the demand is not great;
rates are par buying and prem, selling, for bank
able funds.
Currency is only in moderate supnly; no change
noted in rates-it generally bought at about per
cent, discount for bankabie funds, and sold at
q discount.
Gold is quite scarce, and it may surprise some
of onr merchants TO know that IT is bought by
Bankers at s@3 prem. for banRable fnpds, and
sold at aCG5 prem. The present, difficulty in OBJ
tail ing exchange, will make gold more sought af-
ter, and the rate higher. City paper is sought af-
ter on this account, at prem. Silver, though TAX
en- in small quantities at par for bankab BILE funds, is
al discount of 4, or say per CT. below gold.
Missouri paper, as stated in our last, C mot now
be sold in Cincinnati for exchange, at the current
rates of Ohio and Kentucky paper. BY private
letters we learn that Cincinnati brokers are un-
willing TO give exchange for II, or 10 receive it on
deposit from correspondents, who would wish
to draw az inst It while placed to their credit
Indeed, ii seems all in q fair way TO be thrown
out there, confirming the statements of the Gazette
which we published yesterday. This is the ef
feet, still exhibiting itself of the disreputdble
course pursued BY the Slate Bank, and of the
Farmers Bank at Lexington, of rendering their
paper inconvertible by their various lodges.
The following sales of Bank Stock took place
in st. Louis, Monday: