Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-05-28
E Z CIA l..
Monetary.

For the past week we notice a STEADY demand
which our Banks have not been able to
vi, They are still discounting spsringly, and
.ha r,,.s on the street continue high. We report
,.,r Corporation Stock at s5c. In other local
LIE there is no activity. The war news sndthe
.bipments of specie from New York during
week. have tended to increase the rate of
.,.rc.t. and TO depress the Stock market though
o,,,ce sales of Virginia 6s at 81, an increase
e, = cent. on last weeks quotations, which is
,;,rIv gratifying in the face of the general de-
Land Warrants are lower, but We are
without quotations. .
~. Baltimore American says:-By the arrival
. The steamer Asia at New York, we are put in
sion of Liverpool dates to the 18th inst. In
,,mercial point Of view The advices are unim-
,oy,an,. except that the general tone OF it may
.oye the tendency to give more steadiness to the
bats On this side. The most notable item in
-. Intelligence, commercially, is the advance in
,,,, This, We think, was not looked for here
w. this time, and was perhaps the result OF the
a - declaration ON the part of England that she
m frmly maintain u position OF strict neutrality.
p"ssd.tufs closed with an advancing tendency,
~, this will not be of any Importance to US, rs
mi markets are already much III advance OF those
n. other side of the water. As yet the only
".,ar,;hle effect the news has had on our market
20 .,iarn the views of holders OF Flour and
train. IN ..
,,c,iJ bu, little disposition to operate in them.
81, !. in fair demand, especially for the better
rides, but our market is nearly bare OF such de-
riu,i,n.. Sugars are not 20 active but there Is
.,Hl n firm feeling with holders.
The large shipments of specie to Europe from
,Li. country this week, have not interfered rs yet
with our money market. The largest shipment OF
no,;. We have ever noticed was made by the
liner Persia. which left New York, on Wcdnes-
law. the amount was a fraction over SS.O0O, 600,
hi. added TO the large amounts shipped by the
.,eamers Immediately preceding the Persia, was
,hnnub, would make a very serious disturbance In
sn.nrial circles. We are, however, doing too little
,usipess at this time to have any material strin-
..n,v in the money market; besides we have an
eesssi 10 the large export by the arrival of the
steamer Moses Taylor at New York with nearly
81. 900. 100. 1t is not likely that the shipments OF
specie in such large quantities will continue much
longer, as the prospects now arc that England Will
want our cotton and breadstuffs, in order to supply
chs demand that will be made on her manutac-
iurerS.
Capital is plenty both at bank and on the street,
and there is no difficulty in placing good paper at
former quotations. We quote frat class double
paper at 7@7! q ct: single at s@s p Ct, and
cali loans with good stock collaterals, at 6@1 g
cent. The banks are discounting to the extent OF
their receipts.
Stocks are still inclined to improve, and the
leading Railroads have no doubt witnessed then
greatest depression for the season. After neN'
month We may look for a large increase IN the
quantity of freight to be carried. From all the
sccounts which we are enabled t. gather OF the
growing crop, we may expect after harvest to see
the roads connecting the West with the seaboard
doing an excellent business, and consequently
they will yield handsome returns. There were oa'
few transactions made at the STOCK boaru lo,aa.
hut everything ON the list showed an upward ten,
dency. In Baltimore and Ohio Railroad shares
there was a much better feeling, and the sale:
show an advance Of 50 cts. q share.