Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1860-12-25
COMMERCIAL.
Monetary,
Ftrqiuiu STATE Finance

Firgtuiu Ntate Finances.
The amount to pay the interest ($3S3, $3.50 due
1stJsnuary next on the coupon debt of Virginia
has bsen forwarded BY the Second Auditor to the
,op1, of tho State of New York, at New York.
last Saturday vas tae last day for the takers
of the late Government loan to make good tnesr
deposits on the amount upon which the Secretary
of the Treasury had allowed additional ume-
Over $4,000, 600 was stu due, ana 40 pay nien'S
were being made.
Government bonds arc DOW withheld from the
market at New York For the IS on Saturday
90 bid, and for tho SIS of 1851, 10. The announe-
meut tina; preparations for paying the January IN
terest were in progress, was not without Its lnhu-
ence. :,
NV York by the banks and banking houses ia
adjusting the value and bringing into practical
use the foreign coin received by the Persia and
other steamers.
Stocks improved on Saturday, though still very
dull in Baltimore. New York stock exchange was
urain quite animated, and the decline o. trloay
morning fully recovered, with further ADVANCE
in many eases of lGg2 per cent The market
cbo,rad NOR, freedom from the adverse influence
at political runors 1t was assisted by the favor
able tenor of the FulJon's foreign news The
CITY of Manchester has since arrived with S3o,-
600 Ill gold.
The New Yorl; Post of Saturday evening says :
..The week closes upon much more satisfactory
state Of things, marked revival OF business nav
ing taken place in produce, exchange and nercan-
tile paper,
The phiiadelphia Ledger of Saturday says
4rChc money market was characterized By tic i'm
proved features. The banks aiscouutiug quite
a. literally as they ought, and street operations
are rather more readily effected, though we dis
cover little change OF rates.
= =.
"The money market is work;n5 easier for the very
best notes and the strongest collaterais, but tor
ANYTHING else it is as hard as ever.
The telegraph from st. Louis quotes sight ex-
change on New York at S0l0 per cent premium
for Missouri funds Gold Is worth sos per cent
over Missouri paper. Silver is 405 per cent pre-
MUM on Ohio, Kentucky and Indiana paper; and
6M7 per cent premium on Illinois. Wisconsin
paner sells at (a2i per cent below Missouri.
Bv telegraph sterling exchanges Ut New Orleans
is quoted Grul at l0O(9 1862 per cent
Full provision has been made Tor the January
interest on the Tennessee State debt fnree-
tourths of the necessary amount Is now on deposit
in New York, and the remainder is on the way.
The strength of the Southern banks generally,
under the circumstances Of the times, IS remurka
bio. Though generally suspensions III South
Carolina Georgia Mississippi Tennessee, DC,
have taken place, they are ali strong IN Specie
and nay out to their citizens all that they de
sire. The latest suspensions are by the banks OF
Alabama ali of whicu have suspended specie pay
ments excepting the Bark of Mobile southern
Bank ana Northern Bank. The Louisiana Banks
NIL continue to pay specie Their system OF bank
ing allows of only three dollars of Indebtedness
10 one of cash assets.
The ground on which some of the Banks Of the
State object to the recent call for specie to pay
the January interest on the State DEBT, 1T the
rate or per cent of their circulation, u stated
10 be that the State only needs S473,OOe IN specie
instead of s., $4,000 asked for, as the State haa
on deposite in specie, at the time of the suspen-
sion 1896, 900, 10 be paid back, OF course IN
specie; and as d portion OF the interest IS TO oe
Daid outside of the State, that portion only need
be paid in specie. They. also, claim that Us
checks enable the Banks Of Richmond 10 super
sedc the use OF notes to a considerable extent the
assessment of specie should have been on the
capital stock. and not the circulation. Inc
fnancers of the State are much interested III tn"