Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1859-12-13
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News York Commercial Letter.

Correspondence cf tho Richmond En9Hiyer.
MN YoEl, Dec. IV;n, I.j9- Z. VI.
Tn. ~.tringen'y i" the money market, noticed last week,
| has continued until today, ahen more ease was manifested
and the rates are sowc%lat. low, especially upon upon No.
| securities. The supply Of money has ~ no time been
materially diminished, hu; TIE scarcity Is more from the
want Of confidence In moncy circles, with respect to the
agitation and rrbiti-rrt sectional feeling manifested
| iiGopshoa, every part OF the South against the North, and
Justly, too. II J. The reality In which TIL, Southern s-nt!.
,nsat IS now vi wed that Is hecinningt to show il. elects, no:
Only upon every transaction that relstcs,o money ~nrsolia.
ion. hi, TO trade, iu It's endless ranitc a,iOn., 10 com
mrrce. with the immense suns employed, aud 10 manuiuc-
tories. in which New England Is 80 extensively eneared.-
All these Interests ale so infinitely interviewer with each
other that VIVA; Effects oe dcranScs the other. Curtlil ;h-
trade Of the South TO \ limit that will ruin one half Of the
factories at II. North; transfer Il lsr-c portion OF the iuI.
~c"mmtrcla! point Of view: A panic nor":eveIc than ever
w-r. those Of 1851 sMd 49,; with fewer recuperatire pow.
es NJ tie North than She enjoyed in ls5'.
II Is :hc earnest determination Of the South TO 10 longer
submit, tina, causes feelings OF dls.rust. In Bank parlors,
and money circles generally, the subject Il ranvassrd with
soliciiud-, aud Is not regarded, as heretofore, u groundless
p.,.ic, bu, q sober reality. III Influences OF such II state
Of things cheek ali enterprises OCCURRING the use "t capital
| aad oIera,cs unfavcrab!y upon state and Federal loans
Whic! are tn. leading securities To hire money upon. Upon
these the foreign Bankers are still free lenders al . per
cent. On first class mercantile paper the rates are firm 1t
GA; for short, and Ta'L for long. No. !: and single names
Of the better class o.! credits pass In the open market at Say,
lu, no; a. readily al. last week, while signatures not as we'll
known vary from 10 TO Ii Per cent, according TO merit
The Banks are less disposed 10 discount from s'rrst arplI'
cant. TIL. wrrs, al! are combining their operationsio regular
d,ai.r., to whom full legal rates are charged.
A, the Stock Houses, the rates upon securities deal; IN Al
the board vary FROM & 10 . per c"nt-~!ih the usua PriNt-
l,re Of u-uc the collateral. The shipments Of -pcc!e ;!is
week amount 10 $4,000 10y Tie AIr'"d, i large part being
silver.
Foreign exchange. i active, without inducing a larger de
maud from r.niticrs. The leading bankers Rates Tor stct
ling arr. lu.L,aIU?,. some asking lu9a, when III" pay Is
pa,, In bill. receivable. Southern bank bills 1919 .alO!I
Western banks aud bankers bills 1922 ai|9-.; tir' class
commercial ditto lU9Ii"Ii.: Cotton and produce bills lvoE
aln.7.: francs are held by the bankers al 5.li.a!l34 d, At
80 days. and :. l2h AZ sight. Good cotton bill. eau be had
at i7aaiaI. Sales OF al kinds are limited, and mus, re
main ~ until after the 1T o: January, when IA considerable
| amount will be wanted 70: The returns Of Interest and d.'i.
dends 20 foreign holders Of American securities.
Continental exchanges remain steady, with bui q small
demand. The rates 1s - follows:
Bremen. 90. 'rs''Ss
Hamburg .... 20. 900. ........-. .....,.n,E
Amsterdam. ..-..........-... ..~....'t.Sa':t
,ntwcrp.... ............... .....5lla a3iO
Berlin ..-.... .......... ..--.... ...rr'-.'. o. ''"1 -,
Tier" was no nail steamer today; III" neat packet VIII
be tire CunaTi steamer, nom Boston.
Domestic exchanges are quiet, hut uniform The ioIIo"
ing are Tie rates FOR s!.h, checks and hsnL notes