New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-21

re
lp ,vement in Eastern money is now acuVe, a"" 0ne
amount here Is accommodating
Mr.. Cobb of the Treasury has authorized Mr. Sub
Treasurer Cisco receive in payment OF olds o" vac
new loan payable 22d inst certificates OF Dulpn oe
posts in the Assay Office, when parties snail desire
H. The bullion is TO be coined as soon as Possible, and
when coined the stock certificates will be issued.
II il due TO Mr.. Moses Taylor Of the City Bank, to
.av that at the meeting of Bank Presidents, yesterday
Inc WAS urgent for decided immediate and bold action
for the relief Of the commercial classes, and that his
proposition was to buy million OF pounds STERLING
of produce bills, and expend 10 y cent in DISCOUNTS
His more tmd associates could not be brought to face
the music.
The Exchange Committee Of the Banks held pro-
tracted session to-day but with the best disposition to
accomplish their mission, did not arrive at any I'M
portant result Their intention to cOnfne their
purchases to produce bills Of known character and OF
this description, including document bills, only about
EOS 600 were offered Them and the details could not be
arranged in time for the Persias mails tomorrow
morning The Committee aterward offered lO2 for
any part of 100 600 of satisfactory signatures but we
cannot learn that they made any purchases. The
minors in the street that they had bought fl5O0O0
were untrue 1t would appear that as this out
LET for bills was opened, the legitimate demand was
sufficient to clear the market Of cheap bills Document
bills are STILL however, very inactive. The Committee
will meet every day at the Bank Of Commerce, and
receive proposals for the sale of bills up IL O'clock
and return answers at o'clock
There is a more cheerful feeling in the Money mar
ket consequent upon the action of the banks yesterday
but the practical result not yet marked. Paper has
little currency, and rates tend downward but the
change is scarcely quotable. Distrust was too wide
spread to be removed suddenly. The process must be
gradual. Very leading names go at RalS cent
with occasional transactions at SOLO y cent. In the
lower grades of paper no sysmptOms OF amelio
ration. The relief from the expansion of the banks is
of course first felt by their regular dealers, and from
them its influence spreads through all the avenues OF
trade. On demand, there il a moderate supply Of
money at y cent choice cOlaterals and the ten
dency appears to be toward greater ease The banks
to-day in most cases. carried out fully the agreement
of yesterday We heard Of several instances in which
they discounted twice the amount Of their receipts and
in others where the expansion to-day was equal to all
they had agreed to expand in week. continuance of
of this policy must soon be benefcially felt in all
quarters and the wheels of traffic. blocked for the last
few days, begin to again. The Breadstuf and
and Cotton markets have not yet felt the influence Of
the movement much, but must do 80 in few days.
Tie discount ON uncurreh money to-day is about rs
about as follows: Illinois and Wisconsin, Pals y
cent? Iowa, 81 North Carolina 5; Virginia, 3; South
Carolina and Interior Alabama, 10; Mobile, 5; New
Orleans, 2; Ohio, Indiana and Kentucky, l4alI;
Maryland and Pennsylvania s6l; Baltimore, /.
State and Eastern unchanged. The bills of the Illinois
banks named in teegraphic dispatch thrown out
at Chicago selling 80 T. cent discount. They
are: American Exchange Bank, State Bank Shawnee
town. Bank of the Commonwealth Bank of Raleigh, |
Corn Exchange Bank National Bank, and Bank Of |
Aurora. These banks hold in the aggregate about |
81 300 600 of Virginia. Tennessee and Missouri bonds.
The State Bank Of Shawneetown is owned by Gov. |
Maeson 1t is not supposed that the Auditor will |
proceed to exremees with these banks with Others
which do not respond to the call for additional secu
ties but will give additional time, if necessary in
1857.
We have received the following
Tie following Virginia Banks were thrown out |
to-day in Baltimore: Banks of Phiippi Fincastle and
Monticello"
A dispatch from New-Orleans, dated to-day quotes
Sterling unstable at par and Sight Exchange on
New-York ! y cent premium.
The annexed table gives the pro rata Of specie to
net deposits in the City banks.