, 1861-12-19
FINANCIAL AND COMMERCIAL.


WEDNESDAY EVENING, Dec. IS, 1861.
The money market opened quietly; but the re-
ceipt OF the news by the Jurs produced Intense
excitement among the more tiuaia operators, and
all parties moved with becoming caution. Fol
lowing the FOREIGN advices, reports became cur
rent in the strects TINT New York houses Ind
ordered their funds berc, in the bands Of commits
eion men to be converted into coin -that whole
eale druggists had been advised by New York cor
respondents to Withdraw from market certain
kinds Of goods; that all foreign orders for bread
stuf's and provisions had been withdrawn from |
New iork houses, and that Galena Railroad etoek
had declined from es55 It the 81 first board - to
6235 at the ''Eecoud.' and taken together, the |
mtncy market Was decidedly feser1sh- There /
VIE, however, less change In rates than might |
hcye been expected. While no one here pretends |
to guess what turn affairs are next to take, OF |
what new calamity is to beiall us, firm reliance
on the patriotism and the strength OF the Anaeri-
can people is felt all sIdes and determination
to demand only what is right, and to submit to |
no wrong, seems toperyade our entire community. !
Though black clouds darken onr entire horizon, |
our people know that God ia Just, that lie rules |
the whirlwind and the storm, and when He hiss |
punished as we deserve for our completely with
slayezy--she heaven defying sin Of our nation-He
those who would destroy us,
In spite Of the feyerish anxiety produced By the
news from the eeahoard and from Europe, most Of
the leading banks accommodated their customers
to liberal extent. To them they also sold New
York exchange at Il per cent. premium; but some
advanced their rates to Il. Outsiders were glad to
be supplied at st@H, and the banks that sold to
each other conceded yeEylltt1e, anything, below
3z, The buying price Of the banks WIS about Is,
though the brokers were glad to keep up supply
atik. Holders ali round were frmcrin their v1eWs.
GoLD-The demand for gold continues active.
The buying price is 4@H; selling, zz91 per
cent. The supply Is still abundant.
GENERAL BANKRUPT L4W.-On the third page
will be found full synopsis Of the General Bank
rnpt Law, introduced into the House Of Repre-
sentaiyes By special committee, Of which HoH-
| Roscoe Coukliue Of New York is Chairman 1t Is
! meauure Of vast importance to the country, and
our financial readers will examine its provisions
| with careful scrutiny Our advlccs lead to the
| conclusion that the bill VIII pass.
| CANADA Observation-Disclosures Canada money
did not sell 60 readi1y to day The brokers charged
| 1L@2 per cent. discount Tor currency, the upper
being the ruling figure. Most Of our business
houses refused it entirely, took it at discount
ard sent clerk with it Immediately to the bro
! kers It should be remembered that these remarks
do not apply to the Issues Of the Bank Of Montreal
whose agency here keeps them on u par with other
| currency.
MnwAuKEE.-The following is from the Sentinel
Of this morning:
Money matters remain quiet, and without ma
terial change in the general features Of the market.
| The demand for exchange is comparatively Light,
and the banks selling freely at the current rate
per cent. premium; outside rates 1@1H. Gold
n5 2p e1aSgE g At I'll x ST. cent san as
eral thing, limiting discounts to the offerings Of
thirty aud sixty day produce paper payable in New
improved character Of our currency under tic ncw
banking law, that this class Of paper, which has
hitherto usually commanded premium Il now &C
tua11y at discount.
CrEc1nBA11-We quote the following from the
Gazette Of this morning:
The money market remainE remarkably qQie
for the season, with supply Of capital IN eyces:
OF the demand for loans, and good paper is in re
quest at 10012 per cent.-the inside the leading
| figure Checking was tolerab1y heavy today
mainly on pork account, and considerable amoun
Of currency was taken eut Of the market. but tn
balances arc stln ample. and there Is nosfins @ L
the opinion heretofore expressed that the mnrke
must continue easy Throughout the season., tn
pletf{oEaa Of ep1h hsIe Gen y 70 hs
hoge, shal! begin to return strongly, after the hol
c days through n,cIcantilc channels The warlik
il eaeiness in the market, BIT what extra reserv
:. bankers have been led 70 adopt, on this account
ia Offset By corresponding contraction on the par
ofmerchants, who are quite as sensitive to occnl
rences affecting the future Of busineRs, capita
= lists One class Is quite az cautious as the othc
and no effort Is necessary on the part OF leaders
Ie prevent expansion among those WHO, under til
a existing high standard Of credit, arc able to boz
H. row.
q early part of the week has assumed more irmues
- not because Of any increase in demand. but fro1
~ an uneasy feeling resulting from the foreign neN
prem with tie exception Of occasional slight col
ceseons, where large bills were purchased: pea
ere bought freely At par With good reta5l deman
"a for gold, the selling rate has advanced N prem
:" The following the quotations for exchange al
coin:
Kentucky currency has declined all round to
10 to-day on a par with other paper OF that stint
s. adyices having been reeeiSed iying sssnranc
The notes Gf hs gank M c pna sss
OF the Farmers Branch at CovinEton, recelTed Il
e. following dispatch from Louisville, to-day. in
swer to an inquiry made by him on the subject:
''Lou1sv1LLE, Dec, II, 1861.
es THOMAS B. PAGE:-southcrn Bank notcs goo
- j. G. BARRETT, Cashier y
NEW YonK.-Thc Times Of the nth says t
- q Ksw YORK, on Saturday; Dec. i, 1857, p
- sent in the aggregate the following changes frt
" the previous exhibit Of Dec.7
Decrease in loans ->....--.---.--.---$2,14G ,14G 25
Decrease in Circulation n----.--....... 235 S61
Decrease in Undrawn Deposits...... 4,a39,24
q Including the clearinghouse caring operations, Of
aa 1aa es h
specie average Of the week, the following is
general comparison with the previous exhibit. Il
also with the movement this time last season;
Dec Is. 60. Dec. II, 81. Dec. Z, :
S, Capital. 900 $69 go COO 500, ,05n
Loans. --.-.-.* *1st 249,1E Tg2 M 1m5sasS' m
Ssnftpo efoss papo;its1o sssss 14sss
E1fssHEse: 1s9sHE asE as5!ssss ,sssi! 5ss}
'al, The hank return shove larger r, Withdrawal m
Treasury is 81, as 900 less than on Monday Il
v The general impression, since the report 81
% rency must t undergo M IN eafy chnnsc, las no do
tIs had1ts practical influence not only on the rate
Fo5sign Exchange b1t @ on @ the quiet witnaTswa n s
Exchange to-day hare been greatly unsettled,
ne the actual sales London at 11oT@11l per ce
G9 e ; a. ansaGs as tSs sss"fe sssgs M st
8 IF of sailing Of the Cunard steamer, The market
AEch English news. though no higher rates Of inte
oe- are demanded, where the security and margin
1.25o OIL new loans are made satisfactory.
ts4 ~ NEW YoRK SrocK MARKfr.-The following
2So9o the quotations Of the Stock Market to-day:
~" 1st board. I'd DO
New York Central R. R. stock.......75K
Galen3, ---.+---..--'---.~-..''-.osH
ROck Island -4G1t
n as Burlington & Quincy .......-M
Will Michigan Southern {preferrea). ....-..W
ell Michigan Southern {com1uon} .......T
We Tennessee 6 per cent. honda a0A
= .es Missouri .--...'..--...'....-..ssaz
the sng1n1a u.s. ,........-..... ..,..-...4o