, 1860-01-07
.Finaneial ann Commercial.



The money market i. close all round
It is almost impossible to obtain dis
counts for any purpose except eastern
drafts With bills Of lading for pork or produce
attached. These ure gladly taken by the banks,
as exchange is added to the regular discount.
Exchange is firm at II. Gold per cent. at
retail. Very little seems to be wanted on any
terms.
ST. Lor1s.-The Dtmocrat Of yesterday says:
The Exchange market was close, and very
much higher than ut this time year ago. In
stead oi declining. as was anticipated, rates
rather tend upward. Sight on the East was
difficult to get at most institutions, at It prem.
for bankable funds, to-day, though some sold at
II, and others even as low as per cent, where
want Of funds W. somewhat urgent. On New
Orleans, O. per cent. prem. was asked; and
as by delay OF ten to twelve days 9. could be
realized by rc1nitting New Orleans balances
East, there was nothing gained to the hankerin
selling even at such rates. Oming to the st1in-
draw on time bills
Currency, though in no great supply, is had
n suiiiciency 1or the present moderate wants,
there being no demand for it to invest in coun-
try produce.
NEW York STATE BaSKs.-The Message Of
the Governor of the State Of New York has the
following paragraphs in relation to the banks
Of that State:
I4e report Of tie Superintendent Of the Bank
Tug department, which will soon be presented
to you, will exhibit in detail the operation of
our banking system during the mast year. 1t
appears that during the fiscai year, three asso-
ciatfons and three individual bankers have COM
menced, and one individual banker has discon-
, t!naea, the business Of banking The total
amount oil securities held in trust for banking
associations md individual bankers on the 30th
" september, 1853, was twenty eight million.
aixty-eight thousand, three hundred and thirty
s'1 dollars aud ninety-two cents:
Eons San q bonds aud mortgages Gl:s a1ss9
I?d q staie stocks. 1920 rs .3
uthss stste Socks- ............... GH75e.A
onthe 1ata e fh::e. cenfiiiea there In; I9ea
The amount of fclrq'ation Issued to ba5ks do
ne oasioea undex special charter i...... 100
Tota circulation. s6.sl ,e.t o.
The total amount Of banking capital employed
| Is one hundred and ten millions, niue hundred
anu nlnety-seFen Thousand and forty dollars, be
lnE an increase Of one million and four hundred
and ninety dollars during the year.
SrEc1E.-We find frou, the New York papers
that the imports and exports of specie were as
follows: Received from California, SCI, ,s7a,75o.
Specie exports, $7o,e17,1se, showing balance
Of more than $4,000, 900 against us. As the
banks Of New York hold now nearly as much
coin as they did year ago, it follows that most
Of this thirty millions Of money have been
drawn from the country. During the high rates
that ruled during four months Of the summer,
the West WAS nearly drained Of its coin. The
West especially, and in fuct the whole country,
must suffer from, this depletion. We repeat
that ne must buy less and save more.
| We observe that the money market Of Nrw
J York is stringent, and We are assured By gen
:lcmeu who know, TINT it is eTen closer there
than here. From all appearances a general
"p,nch" all. round may be confidently ex.
pected.
&c. R. R.-The following are the statistics
| ofllla Illinois Central Railroad, for December,
1859:
LAND nErAuTXr@7.
Acres Construction Lands sold. 1s4e15 for a4s3s o.
AcrrsI Itterest Fund l4n Is sold s'00 for j. % O.
| AcEis F1e Lands Sosd.-....... l6a.A for 81
To,.l sales during the month";. l,s7l7e for asas561
To which add town Let s.e.,--- sI..a
To,a1 Of an.......... sssfGs51
Acres sold since Jan. l. 1959. z0345 fri ~ HGs9 s.
Acres sold previously. for 1a63, 8.
Tosal.....,.,.......,....... el6o5:.1;s.:l
J Construction bonis canoesed In
/ December. ls59, ............ ~, ,sM1o
Construction bonds cancelled
rEtrlausly- $l3l.,f0eN
] Free Land hondscancelcdinD
Esss ss4s Isad lsi bonds esi;esl pre- 'v~v'v
| TlouslT....-. lts.NNW 4s.,H1 U
Total bonds canccledu Up to Dec. a,st 70 e4s9 900 O
Cash receipts. December. 1850. -. s.
Ga:hfec: !pa since Jal 1T. ls9: f5Qo1
Total cash and bonds received 10 Dec. stGt,