The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-17

panic and consequent light receipts. There is
iDducenent for holding back the Prices have sell
dom been remuneratve at this of the year
the rivers in good navsable condition. while in view
of the unsettled state Of the SOUTH planters must DO
anxious the present high currency for
ton.
The New Orleans Delta of the 18th says:-
The demand for foreign exchange shows abatement
report operations 6sures Trans
time bills New York, &C., have also been
restricted but this owing 70 the mtrust with which
they have been viewed for time. Sight bills, how
moved along freely and transactions 70 fair ex
follows:-Clear sterling bills ~ per cent premium
for the general run Of names, and ~ premium for
direct remittance. Bill Of adng drafts, per cent pre-
MUM Francs 647k a. .67k per dollar. Sixty day bills
New York, &c, per cent discount sight, u, u
per cent discount. Some Of the missing lots Of specie
railroads have turned up day. and have to
port the following receipts by express via New York
90 900 soveregns 600 francs aud 1926 90 in United
States gold The soveregns and francs have not
been disposed Of and holders appear TO be undecided
whether 70 send them TO the mint for reconage into
American currency keep them for reshipment to Eu
repe when turn in rates Of exchange win justify
such movement.
The Chicago Tribune Of the l4th says
The week has been eventfu one. Immediately afte
the first january exchange began decline from tn
high rate-I0 pcr cent-at which il had ruled for
six weeks, the fall amounting TO almost panic, till
reached three per cent and that figure though st three
times above what ought 70 be, great satisfaction
70 our mercantile community. This week the market
opened with a rising SCALE and IL went up till sched
day. AS might be expected, The demand has become
very light and most Of the banks report the market
easier to-day though the current rate s still
The buying price is ] ~. Banks don't like 70 give
Within the last two three days learn that
large purchases Of pork have been made by merchants
and shipped East TO make exchange Should the rate re-
main at the present figure this policy will be very gene
rally adopted by all who have large remittances to make
market bring down thu price living Let
work go God-buying nominal at g. selling per
cent premium. Little wanted.
Mr.. Arthur, Superintendent of the Illinois Gen.
trail Railroad, writes under date of the l2th:-
The largest freight earnings made by road In
one day were yesterday-Sls 676 The weather Is nnc
for farmers 10 gather their and take To market,
and IL the price was hgh'r should be overwhelmed
with IT, As II is, fnd II difficult u do the business
offered promptly. There half the in
this state ut this Of the year before. Large ship
ments making South. apprehend no danger 10 the
needed, II the shipments made none viii
be sent and suffering will be the result The people OF
the South know this, and viii be governed accordingly
We have received q copy Of the message Of
Lieutenant Governor Hammond, Of Indiana (the
Governor, Ashbel P. Willard, having died in Octo-
Der last). 1t gives no information relative to the
financial position Of the State, merely referring TO
the report Of the Auditor upon the subject, which
has not yet been published. The Governor SAYS
Dun ing the time that have been acting AZ Execu.
tive OF the state there has been question presented TO
me- one that by any possibility affect the pc.
cuniaiy interests Of Indiana The ntereet
our public debt for January, 1861, maturing,
without the in the state treasury to meet It There
mode Of lquidating that interest except by Dor
rowing money And believing that the citizens Of In
diana desired that her obligations should be kept the
Auditor and Treasurer of state, together with myself
taking authority an act Of the General Assembly
prescribing the duties OF Governor approved May "a
1852, made ioan Of SIPS 600 from Messrs. wnslow,
Ianier Co. OF the city Of new York. giving ohli-
cations pay the In May next out u the revenue
for the year 1850 1t rs matter much ~ be regretted
that Indiana In such condition that she IL compelled
u go the market borrow money Tor any purpose
whatever But II Ia due 20 truth ~ state that this
scssy would not have existed put for the failure OF the
Senate OF Indiana 70 revenue bill for the years
Is57-s