New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-12-10
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The North american HDil.) says:
"The money market is very stringent, and the offer
rQs the Banks, VINO are discouDling TO the utmost
a heir ability quite large the best paper is passed
with difficulty outside at l2al5 Ter cent per annum;
tie demand however, is not LARGE Money on call 10
obtanable at Ga Ter cent per annum, where the se-
Guilty IL satisfactory ard there u more want OF con-
6d,nce on tie part If the CAP aiss than scarcity Of
money"
The Boston Traveller gives the following:
owe learn from reliable sources that the President
of tie Air Line road to New-York (llon: J0hn VI.
Woo d. has concluded "a contract with Phtladelpna
house for 9 so tuns of American railroad IRON his
amount il is stated will be amply sufficient 10 iron the
re ad to WoonsOCket. X. J. like contract for engines
has also been made with Messrs. Norris OF ire same
city, Should tie weather prove favorable t IL antcl-
paed that the road will be opened for trave ana tras
portaton early in June next.
The work on the Chicago and Northwestern Road
between Oshkosh and Appleton is being prosecuted
with vigor The distance from Oshkosh 10 Appleton is
% niles II s the dcsign of the Company to complete
the road TO the latter place before Winter sets in.
AT Boston there ia no relief in the Money market.
The Banks continue to lose small amounts Of specie.
At Chicago, Exchange on New-York is 9S y cent,
ard the supply il not sufficient even at these rates.
TIE demand however, is not very large. At New
Orleans, The PicoyUne says:
The bank statement for the week shows loss IN
coin Of s433 C00 against decreate IN the immediate
cath liabilities Of Solo9sJ, so thag teSed ny Tue hu
erca ratio Of force, they absolutely stronger
than was the case eight days ago. The Exchanges
moreover have turned so decidedly IN our favor as 10
compel the influx Of specie and toward the close OF tne
coming week some parcels VIII Iegin TO arrive. me
falling of in coin is IN pant attributed TO the action OF
some f the Teunesfee banke, which ordered their pal
ances to lie RENTED in gold. The discount line ind
Gates further reduction OF S'OOOOO, which brings
home forciby the process OF contraction we are
low expeIiencng. In point Of metal and strength the
statement is most satisfactory.
The following are the precise changes, as compared
with last weeks return:
Decrease in short loans. +ois.5'
n sciese IN Rrcn,a,ion ACKNOWLEDGEMENTS. 2l6 s65
Increase n exchange. zl9Vo
Decrcae in distant balances 3ol 2S2
Total loans Nov &........
Tie Exchange market was again softer. In Sterling
the tIaneactios attain ed fair extent at 81 lOJ tho
latter for tie very test private names. Some drafts OF
tie Bank Of Mobile on the house OF Labouehere oil
London brought 1909 01Oca Bill of iading does not
seem to be much in favor, unless made equal TO clear
We quote from % GH. Strictly 4 | Francs were
placed with difficulty at 5f65, and at the close would
not bImg $40 We quote from 5f. 65f7O
Sixty day Bills ON the North remain unstable. Sight
| was leavy ard Dropping Several round amounts
were placed at ii for Bank Checks, and at u
discount for prime outside names. Oneday Sight was
old at {, ard five days AT U cent discount.
Messrs. Gilen Sn. edes & Co., cotton factors We're
conf elled TO suspend to-day. They have abundant
mears and their embarrassment will only be tempo
rary Tie receipts of gold during the week ending
December LIST Sl32 900 in Mexican coin from Bra
zos Santiago 81 600 ditto from Vera Cruz S. 500 ditto
from Tamrico g 2OG ditto from Galveston and $50 600
in gold fIom New York. The shipment comprised
$3.50 600 in geld TO Memphis $50 600 ditto to st. Louis
$50 ditto TO Canton 81 600 ditto TO Oxford, 81 400
in silver to PhiladeI hia and $500 to New-YOrk.
Rates lave undergone DO change Of any kind except
those OF Mexican dollars, which have receded Y
cent premium.
At Cincinnati Exchange on New-York was a : y
cent premium. At Baltimore the money market was
stringent at l2Ql8 T. cent.
TIE movement of the banks in the four principal
cities of tie Union, in which weekly reports made
az shown by their last statements, is as follows
Loans. Deposits Specie Circurn
n York Dec Sl23 5374s9 S802 10 $l854 62 S05 ga
Boston Dee g. 62O69 T12 1872 $50 3a53l5T 1859 81
Phiade Zee. 2jg132O7 l505l.I3O 3383s27 1881 900
NOrPns Dec 2l52J,s25 1851 39 lo62649l 7l7637i
Total. S240 l0s 363 COZ 1888 $3O55 237