, 1861-12-04
FINANCIAL AND COMMERCIAL,


TUESDAY EVENING, Dec. g. 1861.
The money market is working smoothly, and
very little variation is noticeable from day to day
ALI legitimate business paper Is readily taken By
the hanks, and hence few street operations are
made. Money Is full as plenty as it ought to be,
and generally business Of all kinds is prosperous
The change from the few weeks Immediately sue
ceeding the death of !" stump tai, when We had
no money, and what our business public now ex-
per1ence, Is truly wonderful, and that 1t could
hare occurred in 20 short a time IL, II possible,
still more wonderful.
Exchange iR working closer, though some of the
larger banks stfll report that they are making
more than they eel. The Indiana branches and
the Bank Of Montreal have sold to-dey to custo-
mere at Il. Sturges & Sons, j. 7. Scammon. and
the brokers, charge II. and a few charge u On
small bills. The range In the buying price Is 1zde
=. tits confidently expected that the pork trade
will relieve the market in a week or two. Still
Exchange cveQ at 4 is very different thing from
what 1T Is at 10 per cent premium.
Gold is not wanted TO any considerable extent.
The heavy banks charge S premium; the brokers
AGlpe cent. for small lots. The buying price is
almost u premium.
M11wArKEE.-The seutine. OF this morning
states that the banks Of Milwaukee have paid out
within the last six months two millions dollars
"@N@t@Sf AA<-A4t IL
the hands Of the people. In regard to the money
| market, the Sentinez says:
The money market did not present any parrIcu-
| 1arly new features yesterday: Exchange was a
shade easier. and gold declined 4 per Cent the
brokers selling the latter freely at X per cent
| prem. The banks all sold exchange to castomess
| at per cent.
| the appointment or redeeming agents in compIi-
ance with the new banking Inv las not yet been
received BY the bankers OF this city, but some OF
their
had made them their agents in coin, at x Of pei
cent: OF IL exchange On. New York at per cent
hs1s nd out ST af
amount; Currency is comparatively scarce, and
VII probably continue % ior some time as It will
evidently be the policy Of tho banks. hereafter, to
| avoid any expansion: Of circulation beyond the
| actual wants Of business.
NEW ToRK.}.ast week closed on All easy money
market: with the supply Of money on call largely
in cxcefs Of the demand; the rates range from five
| to six per cent. The imports for the week were
rather more in proportion than heretofore, being
increased by about $5C0,0o0 Of Blankets clothing
and other articles adapted for the Of the army
The following, from the u. T. 4Fo4Ed Of Satur-
day. is IN interesting exhibit Of the relations OF
the National Treasury to the New York bankz:
The banks were reimbursed on Friday $3.50 600,
which make the receipts ,00p or 1880 per
cent Of the SS5 COO. 600 loan taken August 19 fhe
banks have paid to the sub-rreasury S21 500 00O,
| or seventy per cent. Of the loan taken October
| / and in all, since August 19, s59. 9.5O0OGO.
| The payments made by the associate banks of
| Boston. Philadelphia and New York to date are
| 3S5.GC0o0- The amount Of subscriptions received
ct the New York s1b-treasury il over $33 CO., 900.
The banks added to their specie yester-
day $1.eGo,o00 and hold today $aO0,006 more
than they did previous to paying the last
Government call Of $4,000, ,oo0 This Demonstrates
| plainly the wisdom Of rapid disbursements By
| Government. and illustrates the principle By
| which the banks and Government can continue
| to work their finances without cmbar1ass.
ment or danger 10 themselves and the COM
nereial interests Of the country. The banks
weekly average Will probably show about $41 GOO,
C0O IN specie, or s5D0O00 less than in the state
nlent Of last week, bnt the actual amount In the
banks to-day is 81 25G 145, s. LOCO more than
that Of last Saturday. The commercial loans aver.
age for the week is 80, 93s. asainst $685. COS
last Saturday, decrease Of $4,000, 900, while the
average net commercial deposits are $9O659, ,551,
against sc, ,fd9,5 5T the preceding week, The &C.
tual net deposits to-day show the singular differ
ence Of seOo.0t0 more than the discounts. being
deposits $92 $40 ISL against discounts $91 7s5 162
GALENA AND CHICAGO Ts1oS RAunoaD.-The
following are the earnings Of this road for thu
month OF November from the s3d to the 30th:
! 1870. IS1.
Freight .-..- SIS, 1911 $a} sG6 o5 514112 s. inc
Passengers t;579.Ga S,S19.I4 2,24O02 inc.
! Auus. &c.... 265G.64 1.100G0 1.55G.H dec.
81 aaa8 ss3 $50 $500 81. 1926 inc
Whole month Of November. 1S61..--. SlT2 4s5 9;