, 1859-08-06
Financial aitD 9lou1ungrrtal,
MONETARY;

FkEpAy EvtatKo. August & lS58.
The Exchange market is working little more
comfortably to-day. Some Of the banks arc
selling freely at cnfrcut rates, riz: e1 per cent.
premium. The prevailing option is, that it
cannot remain Z. present figures beyond few
days. The shipment Of score or two Of car
goes would bring down the price; but with TIC
heavy balance Of trade against tho West it will
take some tinae for it to reach reasousblc
dguc.
In other respects the marke. remains pre-
cisely as heretofore Gold, ei; Discounts e.xv
Il 10 per cent Next to nothing is doing out
side Of the banks at nomiaal figures ringing
from 1@e per cent. per month.
ST. Lours.-Exchauge remains close in St.
Louis, aud it discounts On Illinois and Wiscou-
sin currency be added, its price i. about tho
same u In this city. The Daaocrat Of yester.
day says:
The only important feature in the money mar
ket 10 day, Ia the fact Tint portion Of the banks
Of issue have advanced their selling rates uf
Eastern Exchange to II premium-the same us
the Savings aud othcr banks. Finding that eyen
sueh checks on the Eass as were offered there
for sale, could rot be bought willie their rates
wefe lower than others, aud hy this meaps Il
portion Of their busioess was lost, while they
were barren Of Exchange, they were forced 10
keep with the market. There is no concert Of
action among the banks, however, and though
it il prohshe n! will adopt the adranced rate,
they arc Irregular at prescnt-boIdlng almost
no1frally, aowcser, at / to II, Some are in
favor Of keeping down the rate, even though
forced to bny ut per cent or 10 ship gold FROM
the branches to make exchange With, while Oil.
en- say they will keep With The market il i. 20
:: 10 :. Et-F ceAt
The demand for currency and bankab|e funds
increases; 4 good indication Of some movement
Of Produce in thc country. So great 4 conisac.
tfon - IL had BY the Missouri baaks, must make
bsnkable funds SCARCE. Probably one filth Of
theie whole ei, culztaou has been retired since
ahe frst Of July statement.
Gold Is firm, selling at prem. Silver is 10
discount
C1scxx4n.-TLc Gaseth Of yesterday has
the following:
There ~as, generally, demand for money
to-day gstater than tho suppty Of currency.
she former having Increased ia conscaueuce
heaTy. 1e understand. Still, tue discount hou.
oes, rot largely engaged in the asserting businexs
took Ill tlse g'od paper Offered. and thus do not
feel The scarcity Of currency to the extent that it
ID felt by lbose Who are rrluctant to first OF
SECOND class ''sorts." The raics Of interest. In
aomo good paper ~as sold outside to day u j.,
@ls per cent, and altogether the market may
be said to be closer than it has been u IN pre-.
vioos time ws.bia the la.t three months.
EASTERN Exchsuxe, owiug to the demand for
CURRENCY. was dull snd heavy. The ra,e for
b4nkssa' checks, in the regu,sr way. WAS aus
tanned u prem.; but the buying rates were
lower. ringing from to prem. Nos. Of the
dealers allowed deposilor. and correspond deuts
!. bat retased to pay olhera over s7@4oc; and
bankers checks were declined IT /. Weakness
waa The leading feature Of ths market, but as
this il caased 6y . scarcity Of currency rather
than BY N Increased supply Of exchange, = per
mAncut decliue in rates. even il temporary
reduction should be submitted to. does mol
seem 10 b apprehended. This feeling induce.
dssless to favor tho maintenance Of current fix.
pres, but n Is probable The demand may bc sui.
rlied, stter The 4sh, for some dAy: as least a
hold dull ut psen. Not many bills offering
good names sse saken II equai to 6@s per ceat
We quo<e.
xyvTst ~. sga.....-.....Aeh ptx@. *sx ois..
Anszanea Gesd ...s7 Nv rm- II prem