, 1859-02-07
COM NJ ERCIAL,
Commercial and Money Matters.

~ 49, -AfA- II .A-0 ~ Il H. - 4
Commercial and Money Matters.
sArUtnAr Evening. Feb. t.
Aoxzr, ExcHAxek &e.-Qaotat;ons tor mon
- remain precisely at former figures, viz,
bank discounts 10 per cent with continued scar
city Of reliable basiness paper. Exchange, IL
@lS to cuatomers Bankers sell sparingly to
outsiders ut the higher figure. Gold is STEADY
4a@l< with slight demand. Street rates NOM
ann as 1@2per cent per" month. Transactions
limited
In New York the demand for money has be-
come more active, and rates Of interest have
gone up fraction. The fact ID regarded Is an
indication OF greater activity in business and is
considered both healthy and bopefci symp.
tom. The N. T. Tribune Of the Sd speaks Of it
in the following language: :,
The money market, according TO the crilcnces
which movements in the business world furnish,
las passsd It's maximum Of plethora. aud VIC are
now apparently at the entrance Of period Of
greater activity il its employment With the
opening oi spring the promises Of business arc
cheerful, and coincidcnt with tie returning Itc
aud activity in trade must come, as natural re-
quencc, very welcome disiut bunee Of tic huge
1nasscs OF idle capital which ftare been rolling over
business at low 1ates u interest. Activity in
money. however, is far from indicating an ap-
proach to scarcity. Discount rates may advance.
many mouths. and tic only Change to he expcetsI
is more profitable employment Of capital, with
a ~ a9andaes ~; .1s aa a1e ausaacea rates. Nhosvef
under thr deIusion tdat tI1e money snrt,t N1nc3.
has prevailed so long has been Of advantage to tic
business Interests o. t9e country; ne prospect
from cirinr OCCASION lar aIn y sond % IT, i'uiis1 is
with qualification, as sign Of recovery trum rar-
nyss a1a ~ Isl as e nGcunla's o.
in various directions indpstry aud entc, m prsc vii
everywhere awaken, aud The return o! interest
rSiGs III = ~ t, anu p, ec9' & ~ paee o. ana =,
land, In This thec is little cause for naic: ever,
the Stock Exchange, for the same CAUSES which
ass .ne sa'ue u aaoney, olG1ale UPON INC oua-
1n,fic returns Jar more bcacicial to liz S,ucsr
iLap the mere f1etAta Of money.
Coxxxac1A.-At the opening today thu
Wheat market YVES very quiet, with strong
deposition to press the ma.ke. down. and pur-
chsses were rnsde on limited scalo at slicht
decline. Before the close, however, the market
stiaened, and the prices Of yesterday were full
ly sustained About 10000 bushels changed
hands at sl.24@l.2 Is for No. Led; $L0sh@,
1.os for No. Red; SOC for old No. 9 Spring;
and 77@soc for new No. 2-all in store. ,
Ths Flour market to-day was more active,
and 6rmer feeling prevailed. About 1900 brls
we're sold at $476@5. 90 for medium 10 choice
Spring Extras, and 81 for SuperGne.
Corn WAS tirmcr, with limited sales at 6S1fc
per 60 lbs on track. Oats in good demand st
full prices. Barley firm. High1ines more nc.
tive at 24c.
The market for Dressed Hogs continues firm,
with IN upward tendency. Heavy Hogs sold Ut
4 range Of es.75@7 l211, and one lot, Of which
wa had mt thu ve;oht sold al - o5
The Provision market cout;nues firm. Nesa
Pork il in good demand but the stock ia held
above the market. Cut meats also firm AID
nominal at 6@7c, and So for Shoulders, Sdts,
and Hams, loose. No Lard Offering, with ple1ty
of buyers at 1151c ..
P. Anderson, Esq. agent Of John Young l.
Co., Montreal, authorizes us to contradict The
statement made in our columns On the a9th ult.,
shat the latter had purchased II, 900 bbls -four
st Liverpool In Justice to ourself, we would
state that the informstlon was derived through
priyste letters from Montreal merchants. AZ
we'll as from Toronto commercial circulsra me
of which now Lies before M neeidcs three or
four dsys before W. nnbl;shed thu statemen. va
heard the rurnor mn 'chanoa
AtSt, Louie On the 4,h. Whisky declined 1c
selling freely at aC:. 1ooo hills ,1ks. po,t
was sold for delivery in March at s1e. 4 COO
tres Lard sold for delivery at St Ion;. and
Ouiuey Mt 1oe