The New York herald., 1860-12-08
FINANCIAL AND CONNER ClAA

FRIDAy, Dec. 7-6 p n.
There is very little relief or light in financial cir.
cles. At some Of the banks more hope is express
ed, and it is commonly remarked that the intensity
Of the presen pressure must bring all parties to their
senses soon and compel compromise. The South
is losing three cents pound her cotton and food
is enormously high and very scarce everywhere !;
the West is deprived of the expected Southern
market for her food; Eastern industry is, for the
present, at an end, and the great commercial
cities ofthe central States going through crisis
Of funexampled severity These suierings must, It il
said, soon lead to measures of compromise at ash
ington, unless the politicians are prepared to have
riots and anarchy throughout the country. But in
the meantime there is no daylight anywhere; the
changes from yesterday, such as they are, are for
The worse.
Money is about as it was. A small business was
done by some Of the discount brokers this morning,
in iirst class paper, at . per cent month. The
banks are discounting moderately, and for the pre-
sent the merchants do not seem to dread being
forced 10 fail in any numbers. What the resul.
mus; be II the present dead lock lasts till February
every one can readily determine for himself. Some
gold continues 60 South to support the banks of
New Orleans and Mobile. The amount sent this
week ID about million; but il is understood that
soou, a. much Las been received by the banks
rom other sources. Telegra phic dispatches from
New Orleans day state that the banks persevere
In their ,ourse-as indeei they could not help
doing that mercantile failures continue.
sight drafts on New York are quoted a. dis
ecunt-- rate which barely permits gold 10 flow to
he sou'h.
FoIs.gr Dl's are lower. There Is hardly any de-
Nard and l4Ekers' ti'ls on London can be had at
90. Commercial bills range from l0l to lO5. The
alvices from England show that the mere antile
rThisc of itsi couatry DO not realize the demands
that re about . b. made upon them for gold for
Ae unl.d States. hLappens fortunately for them
.hs or requ'sssions for gold ill be accompanied
by advices Of fall In cotton, which viii enable
rem 20 save ten 10 fyenty millions Of dollars IN
itelr purchases p n. staple. This saving will
assIkt ueia ia lasiag - the increased amount Of
bfeAdsilr icy all a 'ng from rs. and will coun-
erac', 70 some degree, the eject Of the turn ia the
exchanges. Had the preseat disturbances no. oc.
Cured he scgth would have made :ally forty mil
ions more ogt u - cotton crop this year, and
TIE commercial centre o. lie world would have
hee1 transferred, before : Year, to this side Of
ne Ansnnc.
y
AND prices ~ q general rule were the loves. Of the
season. Wv York central sold at se Erie at "a,
Panama Of los, Bank OF Commerce al s9l. Toledo
81 %, Dock Island al Avery considerably lower
prices tAan those which ruled duriEs the psnic Of
le57, state stocks were even more generally sac.
r.Eced. Tennessees lell per ceA, yirginias 2,
Essouris ~. There was 9 small retail inquiry for
little los OF stock for investment by parties who
have money to pu, away but there was no specu-
laiive buying. and very little buying for shorts.
Until the present cloud has passed away II can
hardly be expected that there will be any spscula-
i've inquiry for stocks bat, whssevor happens,
some Of the securities the list cheap enough.
Comparing the closing prices Of 70 day with
those of last evening, we note decline Of
IL N.rg.nlss, J In Missouris, in Ten
gs.sees, u 10 Pscihc Mail, IL in Central,
J.. n Ese, II Hudson, "A in Reading. in Michi.
san Ccnua' n in guaranteed, / IN Panama, in H.
lsois Central, In Toledo, q in Rock Island. The
market was lea,y at the close, the following being
the quo,aicns:-yiTginia 6's, 20 Il, Missouri 6s,
e1- 4 Tennessee c., cs; Canton, Il all; cumler.
snd Goa preferred N q a; Pacific Mail, rs; New
York Central. - I; Eric, 73l q "a; Hudson River,
~ 81, Harlem, III Il DO. preferred, 25l ~:
Reading, ~ "a; Michigan Central, AZ a.;
Michigan southern and Northern Indiana, Ioi air
Do. guaranteed, al "a; PAnsma. lo7 los; II.
snois Central, s7l 4; Galeaa and Chicago. SO
- Cleveland ard Toledo, 10 4 Chicago and Rock
lfian:, &C. !, Chicago, Burlington aud Qslncy,
toas
Ths tusrsss & ne So 1Fssssry = Jay was =
follo~s.-
w~~s i-gs ........ sls4 .e- o.