, 1860-01-24
:Dt1ta1,rial ana Commercial.


AosnlT EvEx1sa. January rs 1859.
E1changcis decidedly dull at "carrcut rates."
riz., per cent premium. Sellers are plenty
mud willing, but buyers arc few. In the street
it was sold freely ut a&@as, and bankers were
not willing to buy much aborc per cent. To
customers they paid eI@e4, but aroided pus-
chasing as often as possible.
In the forenoon currency was in considerable
demand By some parties; but the general sup
pig seems to be abundant.
Just now the banks find it difficult to obtain
satisfactory paper for discount. They pref.r,
aud wisely to let their fuuds lie idle, rather than
to grant any doubtful! accommodations. Strict
II business psper Of thirty or even sixty days
would be very acceptable. Dy this, OF course,
se mean Eastern drafts, with bills Of ladiDg at
tached
Gold nominal ut per cent. There begins to
be rather more inquiry for it to pay taxes.
81. Loc's.-Thc Democrat Of Saturday says:
The cuitninating point seems to hare been
reached IN the exchange market. 1t il hoped it
will aoou Lake turn downward. There is
hardly so much demand, and more Offering, to.
day. Four OF the banks were induced to-day
to redeem quantities Of certain Of their branch
paper in exchange on the East, charging bu: IT
prem. The Influences maxim. 1his favorable
chau.e may be bath uu excess Of exchange mud
ncertaiu'y Of tho notes heing takeu 10 the
branches for go'd, if The Exchange IL refused
here. The Merchants Uank haring bee. thus
Lied. to-day redeemed here iu Exchange. So
Cid TIC Southern, without regard 10 the uccessi-
bi'ity Of the branch. So did the State and tue
Exchange. which have continued steadily to 80
redeem; thc latter has been particularly favor
able III the redemption system, and 10 Us nearly
q specie basis =s possible. Tie Banks are also
Influenced, it may be presumed, by the wish to
1etlere the mercantile community, and 10 bri:,g
down the ratc Of Exchange Serera! Of the III.
htitutlons drew on the East at per ccnt-, but
few charged It. Regular customers mostly
bought ut the inside rase.
ClSc1SxA1,.-Thc Gasttte Of Saturday has
the following:
Tic Money market did not undergo any ma
tcrial change today. 1t was gcuelaly quiet,
with indications of gradually improving ten.
jcney, hut at the discount houses un excess Of
paper continues to be offered, aud The outside
market is still well supplied with good securi.
ties at iusI rates.
There WAS uateriul filling OF in the pack.
age demand for Eastern Exc1anec, aud will,
on'y moderate inqulrr from, local buyers the
market was dull. but rates were sustained ut
yesterdays figures, The buying rates were
5u@Ga fur New York aud Philadelphia, and 50
G55 for Baltimore aud Boston. Eankers'
cuecks we're sold in some cases Ut Gs@70, but
Is was the prcrailinG figure. The scarcity Of
Ne* Orleans sight, and the aavance in New
York sisas to tla. place to par. has reversed
tue movement in Eastern checks between this
city aud the South. Heretofore large amounts
OF the latter have been received from lie
South, tnt day New Yo,k Sight was remit
led to New Orleans. II is sold there ut par, and
ntherelorc costs about I. being less than the
rat fr2 r4,r hat ~n1I
also bought to.day at e4.al to is prem. fur
shipment 10 New Orleans