, 1861-12-18
FINANCIAL and COMMERCIAL,


dND CVMMERGlAlls |
MONETARY.
TUESDAY EVENING, Dec II, 1851.
The money market is still quite unsettled. Some
Of the bankers continue to accommodate their |
customers with what money they require, while
others are narrowing down their discounts to the
lowest possible limits. We heard that q few bad
refused to- carry paper on warehouse receipts, but
90 far Is We could learn this course waH confined
to only few Of the more tfmfd. Generally the
market was more quiet than yesterday; but the
anxiety will not TIL after tic arrfsa1 Of the
next steamer. There Is plainly Just as much
money as there has been for months past; but
some holders are much more cautious as to the
use they choose to make Of 1t.
Most Of the leading banks supplied customers
with n. Z. exchange at 4 Of one pez cent. pre-
MUM: while others, with most Of the brokers,
charged u. Sales were not freely made to out
eiders on any tetme. The buying price was par
OK, though We presune sone Of the smaller
houses paid as high as y.
Foa116S E1cHA3GE.-The remark IN Our dis
patches this morning, that sterling exchange had
gone up in New York to ITO, excited much Discus
eion As the balance Of trade Is believed to be in
our favor the fact Indicates that foreign capital
ists under the influence Of the exciting European
news are making rush to place their means on
the other side Of the Atlantic Americans In Ell
rope will doubtless hasten to place their fuuds In
New York, and how the matter will adjust Itself,
no one can st present forescc. As foreign houses
doubtless have an immensely 1rger amount Of
money in New York than American houses hare
In Europe should the alarm continue, 1t begins
to be feared that foreign exchange win rule above
~ hnra r. NH urf d
serious drain upon our banks would be the result.
In ordinary times they could stand large drain
without any danger whatever, aa thelr reserve Is
1arge but In the present condition Of the country
any considerable shipments Of coin would at once
excite alarm. On this subject the following is
timely: -
opR "srEc1E ST2ENa7a."-Yhe n. Z. Times
Of the 10th, says:
The specie strength Of the Associated Banks Of
the great Atlantic cities Of New York: Bosaon and
Philadelphia, and Of the Deposito1ies Of The Goy-
TO maintain the war without producing anan-
sIsscnt s,1 5sv0stten Bsanse of of %t6 farope
sany large difference between Banks and
sx psopso, and gid itss The foewing asusss show how
that s5s 100000 in bullion is held II bank in the
three citieR named, to which $1a,0ooo oo0, held In
added, making seTe,Iy millions At Immediate com
mand on the 7tlantic seabo.rd, to which over tsco
Aund,xd millions. held OF circulating through the
New York Dec 7slss FseRsi aHff{i s s 3
F1ifon FSi1s. be- Sse g.. s:. 15 ss5sie s5 s5S
Total. ,12a6 sos $500 ?5o$17, s45
List year........ 2i7.I7s,605 a,65s Isl 1s's65o9d
Under such showing re find it difficult to up.
our basis Of business, while great credit would re-
suit to the Government and the Banks from the
| maintenance Of the present sound basis through
Ha Il s 81 u S
! the Associated Banks, we believe 1t much more
difacnlt to imagine any probable state Of things
| that would produce an Important, much less a
! ruinous, difference between he.yalue OF Govern
ment paper and Specfeitself.
GoLD.-The demand for gold WIS actiyc, aue
rates are frner, the range being H@1 per cent
The tendency Was decidedly to the upper figure
and few were willing to sell below Y. The supply
however Is still abundant. The buying price TaE
4@N.
| Observation-Disclosures Canada currency founi
little favor. Most dealers refused it entirely, ant
the general drift Of the etu' WAS to the brokers
most Of whom bought 1t st per cent. discount fo
currency, though 1HG2 per cent. WIS the price a
some Of the houses. Let our people get rid Of i
while they can do 30 at no Worsc rates. The isEue
Of The Bank Of Montreal, go far IS Observed clrcu
lated freely as usual: though it Ia papable to 81
men that II we are really to hare war with Eng
land, it mnst share the fate Of other Canada money
The confidence felt in the Agency here, and tn
| certainty that ample time will elapse before wa
can begiu-1 such q calamity must befai us t
send it home, has prevented any undue uneaai1es
| upon this subject.
!
ALTERED BnIs.-The public ehould be col
etant1y On the watch to prevent imposition fro1
altered bil1s-generally ones to fves. We saw SCI
I eral such today, on the Mechanics Bank at Ha
din, Illinois. The ones have single female fl
ure as q yignctte in the CENTRE while the fyea al
totally different. moments examination nj
. detect the imposition.
MnwAuRE.IThe Sentinel of this morning sayf
| Money matters appear to be working as zmoot1
| II as could be desired As was generally expecte
! | the expiration Of the period during which IL
banks agreed not to aEaort each other after Il
adoption Of the new banking law, has made e;
change much eaeicr. Yesterday the banks su
p]tedthe demand freely and fully at per cent. Pr
at the Rame figure. The highest rate asked on
tbe latter sod to al applicants at the current rat
! but little changed hands at the outside fgur
: Gold il plenty and in very moderate demand.
!, round sums the banks sell at IN. the brokers as
The current Of specie has at length turned, 4,
It Is nov flowing into the bank vaults as fast as
!. should not be surprised to see it down to x pl
= mium within few days; at most, it cannot 1ol
! remain higher than per cent, brcause the II
$ | tie banks have adopted, OF redccming at .
Z cent. in exchange virtually makes the latter Tot
4 Il premium for specie.
e DRy GooDs.-Wea annex comparative stateme
d Of the imports Of foreign dry goods at the port
< New York for the week ending December Il 4
+ since January1:
d For The week. 1855 1860. Is
o Entered at port. $46T 045 $9699l7 4104,]
j. Thrown on mkt. 533134 529,T70 $751;
Since Jan. 1st.
Entered at port s10a ss2 76s $971s ,296 $4a,3ss
Thrown on mkt. 104,112,s75 955s0,5G9 43,237..
r ST. LOUIS, Alton AND CHICAGO RAILROAD
le Weekly statement Of earnings, Dec. 8th to Is
. 1851:
.. 1861 1850.
ly Passengers. rs................ 94,94B 10 $6,36s
!" Freight. 1.da8 36 &, 74g