Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-02-08
Monetary and Financial.

NEW ORLEANS, Feb. 1.-P. M-The tone Of the mar
ket was not at all changed to-day. There rather
, Of the thoroughiares under the improved
ther extremely animated. Money affairs progress
quietly The Bank Committees have &, Through their
labOrs and express Ia mselyes well pleased with the
sodity and management Of moneyed institutions.
] Out door negotiations were male 10 extent at
SGS1a 2 CT for long paper, principally at the former
! figure. In Bank the demand for temporary accumo-
dations is pressing, but this will measurably subsde,
now that tue movement and forwarding of produce
| promises 10 be unimpcded.
! Stocks remain quite drm, but not aware Of
any transactions Of note this morning. All dividend
I securities very firmly held.
The Exchange market was much the same as yes.
terday. Sterling is shade weaker, and los q con-
1OsglOs5s, and exceptionally 1857 for direct remit
lance. Drafts bill Of ladng l07C9IO7Z Francs con-
tnue to range from 81 q 1a95tz14 Sixty day bills
Oh New York are in good request at 5SGD2 dis
count Checks 5EG05I 2 Ct discount
NEW YoRK, Feb 3-P. M.-There is no new feature
in the money market to-day The changing Of loans
continues nd the movement for the advance in rates
I is spreading. lcafiiDg bank advanced the TO-
day to q cent. on demand Loans, preferring have
their means in paper rather than at 2 call.
! Other banks and bankers are asking = cent but
the is still above p ceHt to ftyorte
! borrowers desirable collaterals. Paper is less
plenty at the enhanced rates. many parcels being held
out OF market. The range for drst-cass well known
signatures Is SGT z cent. with exceptional
tons at Z q cent of very short git-edged. The
vate capitalists lenders, who take the place of the
! banks, aud m ney is still abundant. There is no
! dunbt growing CONVICTION among bank managers
| that the loans Ina been expanded the point oi
possible danger and that judicJus contraction to
moderate extent is desirable that 81 10 900
81 900 co. will yield much profit in interest as
/ $50 OO0, 900.
| $4,000 Tennessee Bonds sold at s9s1c.
| CINCINNATI, Feb. 4.-P. M.-There was a very good
! demand tor money again to-day, and of the
houses reported deficiency the supply Of curreu
cy but generally all the acceptable paper Oere, was
taken within the range of l0C9l2 = cent a consid-
cradle proportion of the offerings within the last two
| or three days account OF the grocery trade
the buoyaney of the market for the leading articles in
! this linc encouraging active movement.
| Eastern exchange continues in good demand, and
rates well sustained 25c to SOC buying Z5c
70 81 prem. selling. In some cases dealers paid 35c.
for New ork, but on the other hand, ead tnkers
refused ID buy over the counter at any higher figure
than 25c. but By going through tue market sc lers
| were able to real Ze 30c without difficulty.
There small sales Of bankers checks on New
| Orleans at prem, but the offerings outside were
pretty free at "a prem. and some Of the lea-ing Gro
Gerry houses supplied their wants fully his figure
Bills on New Orleans continue scarce, and first class
names are saletble at y prem q par for thirty days
Eastern bills sell freely at equal TO 6GD9 q cent pei
| aEnum The demand for gold has fallen OF somewhat
but the supply being light, prices are firm.
| We uupte