, 1859-08-25
:financial ami Commercial.
MONETARY.

WEDNESDAY EVENING. Aug. -
Exchange to-day went down to per cent.
premium, being reduction Of half per cent
since Saturday. This is favor for which tic
mercantile community will be decidedly grate-
fnl, aud they are fully prepared 10 appreciate
still larger reduction.
Currency is in better demand. Orders are
coming in quite lively from country correspond
ents, with either produce drafts on houses here,
Or acceptable paper for discount. This by so
much curtails the cash in hand Of bankers, and
keeps up tue necessity for caution in regard to
discounts The market is close; but on the
whole, financial matters present more cheerful
appearance The increasing activity is certainly
a more hopeful symptom. Discounts, MS usual,
are made at the legal rates, viz: 10 per cent,
which, added 10 the price ut which exchange is
..ill sold, affords very satisfactory profit.
Gold, per cent. with no demand. Outside
rates nominal, us usual, ut l12 per cent per
month, with few transactions.
DANGEROUS CorSrEnrE1r.-We saw, this astel-
noon, a dangerous counterfeit two dollar bill On
the Bank Of Quebec 1t is no well executed that
no one hut IN expert wnu'd detect it. We
learn that woman has been putting them in
circulation among tho grocers in The south
part of the city. Dealers will consult their saf'-
ty by refusing alI two dollar bills oil the Bank Of
Quebec.
DaSx or ST. PArL.-Wc learn from tue St.
Paul 7'in1<s that The Dsnk Of St. Paul, although
based upon Ohio bonds. md in good repute, has
come to the conclusion to retire its bills. Tle
managers prefer to do this rather than submit
to the constant annoyance Of the brokers, who
are not content with sending its bills home for
redemption, but employ others to doso. 1t adds,
that when the people Of st. Ianl learn to foster
and patronisc good aud safe banks IN preference
to shy1ocks, we shall be uble to get currency
that will pass-but not until then.
ST.. Lor1s.-The Democrat of yesterday 50, 8
that two forged checks were presented that day
at the banks. The rogucs escaped, but did net
get the money. The Democrat reports the MOL
ey market as follows:
The demand for money is not very great TO-
day; yet " the banks Of issue are scarcely dis
counting ut alI, Zone large Saving Institution
probably 1oaning Us much as all Of them togetli
er), the demand is equal to the supply Of money.
For local purposes, paying Of notes, renewing
notes, (which is done to Il considerable extcnt)
and new lonns, the demands are quite heavy
Of time bills, very few are offered Of any kind
they would be bought ut about the following
rates:
s4:S: s. ss ss$s!: * sssa:ss sss; =;
sSs:s K g. ssa e. dsys IL sssi g.
Currency is quoted By some as scarce still ut
.@l per Ct. dis, buying, und t@i dis, selling
but others say it is in full supply ut DIS, buy
Ing, and selling. 1t is certainly not in such
demand US it was.
The Exchange Market is quiet Sight on the
East Is mostly sold ut II premium for Missouri.
The Savings Institutions and private Banks buy
it ut l@14, md Of course if the Banks sell Ut
this it is without Il consideration. It is, how
cEer, but in slight request to what it was md
get there is little produce going forward to
make it.
ClSc1SSA11.-Thc Gazette Of this morning
says:
We have to notice MI increasing supply Of
currency, winch is the result Of more salisfac-
tury COLLECTIONS. The dcmnnd, however. at this
and paper that dues not rank us Arst class, IS
not much in demand Satisfactory names are
taken freely at lV(dl. per cent.
In proportion us the supply Of currency in
creases, the demand for exchange improves, and
the market was pretty active to)day ut our quo
l0louep hHtIA Me ltIHilt susta1ut4 WILL IL AliN
thing, an upward tendency, though dealers gen.
eralIy do nut seem to calcalate upon an imme-
diate advance. In some cases dealers paid !
prem. to ncisl.boring bankers, but the buyin:
rate was mostly ii for New York, 4D@45. The
local or country demands for gold IS light and
irregular. It Is frequently, when round lots III {
offered, difficult 10 sell Ut over 34@35-while
parties are very often unable to ill orders at
better thap 4u@45. Shippers are not disposed
to pay over 35G311. We quote: New York
sEt bnyin d. sa to Is PREM il sei9g a
Helliug 81 10 A. prem
Missouri brauch currency is in fair demand ct
!. dis, and Illinois and Wisconsin ut 9! dis,
with an improving tendency in the latter.
NEW YoRK.--The following is the last New