, 1861-03-04
+
Gttieagp Tribu,te,

MONDAY, MARCH 4, 1851.

SATURDAY EVENING, March, 2, 1861.
Yhc money market Is nbundantly supplied.-far
beyond ING present wants Of legitimate business.
Inc prospect OF IN early opening Of navigation be-
comea better every day, and the large surplus uf
currency which the banks have been carrying go
long viii dnd acttre employment The canal 1s be
70 be opened On Monday, and heavy receipts of
corn may be expected from the Illinois River, and
In three or four wrecks the Spring business will be
fairly commenced. Indeed ehonld tho South winds
and tho weather continue another week or ten
dayz, Te hhhn expect to hc2r that the Straite arc
opca.
Kxcaange declined to asct, to-day and was dull
At that. The banks paid customers 6H, bnt re"
were willing to pay outsidczs above Rct. and ~
waa probably all that could be obtained Tor roEnd
lots. =,
Gold buying 1t 5KDG-sellng at 42et.
By this time next week tho new administration
of President Lincoln will bo fairly in motion, and
financial matters viii be very much woree OF vastly
better. The anxiettes Of the country on change
Of Administration were never tithe what they arc
now. Though Mr.. Lincoln has formidable obsta-
cles In his way. our confidence is arm and abiding
that iu few weeks or months at most, peace and
prosperity will again bless the Land
C1xc1asAr1.-The Gazette cf yesterday saes:
y
bic psper was negotiated xithoat d1ficpity at io@
u $ct.. the lstter The leading rate.
There Was good demand ior exchange b3t the
buying rates for New York were easier, varying
ffon s7K to 20 prem Baltimore was in good de-
ana s.aea aaa ~ y dis buying par een
New Terk Sight. ..s7Gao prem. 4 prem.
Ams!ieae 6ejd. pr; 5n,em. xa B5sm. BFem:
Ftw Vnrr-fTa "a ato he 4r91 +1>a
money article Of this weeks Inde,endent:
The supply Of money continues abundant, not.
w1lhstanding the subscription Of eight millions Of
dollars to the new loan Of 1861 takeu in 8 per
s ssnt stock at fom 80 1s19o to a Or an Of
Of the eight. the rest from the interior Of this
State, Boston. Hartford, and Philadelphia, with
600 from Washington. New York is the backbone
of the Treasury, and consequently Of the Goyern-
msnt; and without New York support, the Gov
ment. The stock thus taken at soy is now wertll
viii obtain : large profit The loan takes 2 largss
immediately before the week is out. The present
large amount Of RoecIe-thlrty eight rnilhone-in
ha;,k win hardly be reduced as - spesis continues
this week from California
Call loans are easy at to per cent. The bro
Very iitie alstciass paper Is to be had, and What
Offers fs readily taken at per cent. for short datcs
and per cent. for long dates.
The bank line Of discounts continues to run
down, but it will be increased this week By loans
Government securities, obtained to pay for the
new loan. Such loans are easily obtained at i Per
cent.
Forsign exchange continues low: Gedav bank
err sterling can be bought at 195@1G5z, and sight
ditto ut 167@1071<: francs, 53S1G5.37a for Gu
days, and 27X@525 for days.
Our shipments of produce and cotton continue
large, and supply considerable e1change-being NIL
shipped for cash eithe. in payment Of actual sa1cs
or for advances on consignment. On the contrary,
our imports are not only light, but come to US on
credit calling not for ediate cmittance, while
The demand for exchange is small In proportion to
the supply.
Monthly statement of earnings Of the St. Louis,
Alton and Chicago Railroad TO 18Th February, 1861
being 4th week.