, 1861-12-25

morning:
The only perceptib1e change in the money mar
ket yesterday was greater scarcity Of currency
the banks refusing al applications for discounts
doubtless be the rule until after Tie bonEa have
made their annual reports to the Comptroller on
the first Monday Of Janua1y;. Money is. always
statements, and row that our currency has been
reduced to specie basis, on this occasion the
banks 9aSe more thar bar ths Ordinary On for DE-
| exchange freely to au who want it at per cent.
premium for currency, and u Of one per cent. for
% eHanre OF ao1d. Tie iatiei IS Eoa At II % and
per cent. premium, the banks supplying customers
st the inside figure, and the brokers charging the
outside rate for retail lots. For sight exchange
! gold can be hsd at par.
| Cnc1sSAT1-The Gazette Of the oath says:
In the money market, owing to a continued e1-
| cess OF capital compared with the demand, and
the very high standard Of credit that has been ad
hered to By lenders, there was no trouble In nego
tiating acceptable paper, at the rates heretofore
In exchange limited business only vas trans
9 ;Ra bnyi5s and sen EheFs
at 7l@1 prem. There were no sellers at Il. and
some Of the houses did not care to do any bnsinesf
| IN this line. An indisposition to draw coin from
pie, is manifested by our bankers but at the samt
time those who are willing to secure coin at the
current high rates experience no difficulty in pur
| ~A40E4A5 tAAe AoA1AJ.
ST. Lou1s.-The Democrat OF Tuesday says:
There Was nothing new In the money market to
day and rates Of gold and exchange open dull, a
for god, and per eeat. lor exchange: Treasur!
ro and per Cent T. above missouri Isi curreney
Prices are scarcely more than nominal, however
Rd thf tsd es anal
in which money is freely used, generally dull.
NEw YoRk BASKs AsD ,.THE NATIONAL LOAN
The HoE7d Of the 22d says:
The Secretary. Of the Treasury has msde fur
ther call On the banks, to be paid On Monday, fo
$35O0,0 COO, on account Of the six per cent. bond
the national loan will be as follows.
The New York banks have subscribed for $1Q2
056S35, on which the paymcnts will be $74 ISL, ,S35
leaving the amount d1e Is M to Government ~ q
New York banks s2a, o,0oo. composed Of s., 5t0
loan. The New York banks have been rein
5sssS52s 2s sals !; NsT @ s3a VII fss;Ss
Philadelphia subscribed for three loans amount
ing to $i45, ,7a5 47s. On which they will have pai
epaen Menfiy = q S Ss bss esRg og ST. & 6s xs GSi
the specie Of the banks il the three citc
is about $53 GEO 0o0 against SIS moo 000 at the COZ
responding period Of last rear The position Of II
period Of any year since their statements were pull
1ished, and + they do suspend specie. pa.
meDts their faflufe 10 pay tneif denls according
The contract and p1 om1ses to thair creditors, an
the consequent vfontion Of the laws Of the State
cannot fail to ba satisfactory to their creditor
: inasmuch as the creditors viii know that th
banks possess ample spesic to pay theis debt
honorably il they had the inclination :
, to do, and their claim is good eTcntua1l
less the premium on gold It would make afair
generally pleasant to have the same courteous j
!. dulgence extended to individual debtors, durin
, the war. as that which is suggested by many pa
ties as the proper course for Tie corporate debtor
e on
able to the debtor, which is the plain definition
r the banks refusing to pay specie. An indefnf
: extension, Us regards time, of this suspension
payments principle" legalized to every debtor
Q well as to bank debtors, wonld perhaps obTia
the necessity Of a bankrupt bill