The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-11
NEW YORK HERALD TUESDAY. DECEMBER IL, 1860

maysG depression and the movement ind Gated act-
witty during LIE day any class OF bills Offerings IN
both foreign and do s-c heavy throughout. but
the demand continued exceedingly restricted and opers
tons indicated no increase whatever yesterdays
port some small lots of clear sterling taken at e5
a Pr for the very best bills, and fe. unmpor,ant
salee OF francs transpred at SIS $50, but holders Of
bills with shipping documents attached found il mpossi
bic TO effect negotiations and bills the Northern
cities wholly neglected nominal quotations New
York sight also in less request than heretofore and
sales were restricted at IL IL per cent discount
The Philadelphia Bulletin Of Saturday evening
December 8 says
Tho pressure for money on The street today again
heavy and l. Is per cent accepted for short first
class paper, and 10 per cent for call loans on stock
colllterls. Il having been announced that the Union
CANA bondholders have unanimously agreed 70 plan of
compromise involving surrender OF certain coupons,
requested 20 state that there number OF boai
holders who id no, attend the meeting and who instead
q agreeing 70 the proposed compromises insist upon their
legal rights, and have instituted proceedings with that
view
The Baltimore SIN Of Saturday, December 8,
remarks:-
The week closes With about uncertain state OF feel.
Ag ~ nnancia stock and trade circles has pre- allied
sLce tie commencement OF present political
bies The lack OF confidence renders money negotiations
excessively dinicut and stock prices depressed be
yond precedent since the panic Of 1857 Trade too Is
wonderfully contracted With mani large establishments
but nominaiy operating and breadsuus and other pro
al &c tending downward. Money the street continues
tgh and cap talsts show little desire TO invest at pre-
sen We quote first class endorsed and single named
paper /. x, scarcely any other being negotiable.
lie banks however il is understood, have been for
some dsys quite liberal to their customers.
With reference 10 money matters in State stocks
The Boston Transcript of Saturday evening. De.
oember 8. says
Tho week cIos,s without any marked change in none.
tar Affairs, The rates the street vary from 10
rer cent pr month according to the character Of the
paper Tho banks are disco,nting all their REGENTS A
port q ~ the loans how ever, are al perfect
dead lock- Tie exchanges between the places of coec
ton and The city beng 100 great TO ADMIT Of their ava
ha Aau haea
aba'cd u rapd oyement TO the point Of its redemp
ton IN tbs CITY but while things remain in the presen,
unsettled STATE, and New York and Boston continue
meet Their demands u specie, country none. which j.
redeemed NJ par IN either Of these places viii De eagerly
sought after ~ the cheapest medium q exchange be
tween the West and the hast Consequently the country
circulation VII continue 70 1ow e this city in large
amounts fcr some time 70 come New York funds
plenty, many of our banks being allie draw that
city C~ i4igc aInourts-baances favor OF New York
must he ,ah and the specie held here viii be like
4 70 remain the y. cscot point The report tia, com
riitee the Boston banks had been New York
the plr10sr ~ pre-, eng lean Is incorrect. sugges
ton % hat efecl mae t. some OF the banks
but not meeting with favor abandoned The specie
held bS the Boston banks remains about the as
ported last week, the loss being only 1000
The Cincinnati Gazette of Friday, Dec. z says
Ia the market for New York exchange Today the sup
III. and demaid were about equal with most OF the
houses and the selling rate maintained at X pre-.
MUM. Dealers bought AZ from 4 TO !. premium The
premium There was an unwiit gness TO pay over par
tor Boston checks, though the limited demand upon the
bankers was moi supplied al les than p We quote
buying. selling
New York sight ........ 1, Z prem. ga prem.
Boston. .............par i prem. i \ prem.
Philadelphia par y prem.
Baitim,sc.. ............. dis. par
New Orleans. .......A.. par. Y prem
American gold ...... y prem ga prem.
The St, Louis Republican, under date of Wed.
nesday evening. Dec. 5, says
We have no charge o notice in the market Exchange
IN demand today, but sold nj irregular The
savings banks check AZ per cent premium The banks
lowest mentioned The Mechanics Union Banks
cheek for their customers al premium. There j. fair
supply 81 time bills which taken At about per
month By the institutions The Mechanics Bank, IT l.
understood buys good short bills freely taking thirty
days nj discount al y per cent, and sixty days
The following circular has been sent to the
bank, Of Illinois. signed by the leading bankers Of
Chicago:-
10 paoPRsEroRs BANS CIRCULATION IN nE
IIISoI,-In the present unsettled state of the
exchange market, consider ID imperative duty on
the banks o. his e 70 DO all in their power 10 facili
supply currency much greater than required by
the OF trade, and the safety the whole banksng
system OF our state requires that promp, measures
should be taken towards the curtament the crcula-
ton of our banks. We therefore propose that each and
every OF the banks OF this state retire
ast presented, nj les onetenth OF its whole crcul-
,ton making IT. redemption through responsible
agent 70 this city or in springfield IN satisfactory sight
Achanee New York, for which viii allow flor the
next ten days) I'VE per cent premium thus redeeming
iAe loss which may arise from The sale Of bonds pre-
ent prices We trust that you VIII give your hearty
eurIence TO our proposition and win nj take proper
steps to the plan into effect and relieve from the
necessity OF sending home your bii for redemption
The banking houses in this city have large
your circulation on hand and they expect 70
immediate response TO this circular.
The earnings Of the Illinois Central Railroad for
the first week in December were:--
isos 81
D,24 81
Gain. POS e5
The following Is the Illinois Central company's