, 1861-12-20

M11wAukEr.lThc Sentinel Of Thursday says:

AnwAUKEE.-The Sentinel Of Thursday says:
The banks were NIL selling exchange freely yes
te1aay at q cent premium; and gold at 1A@r1
Inc IL ar.1 sn IN eohah
ty OF war with England, though generally regarded |
a. ycry remote, has tendency to increase the
served. have declined heavily under the influence |
Of the foreign news and the adyfces by yesterdays
steamer are not such as to increase confidence IN
the pacific Intentions OF England Beyond IN IN
comfortably close money market, however, we do |
not apprehcud any more serious Consequences
arising from an embodiment With Eng,
The new banking law and the circumstances pre-
ceding its adoption have prevented us from being
flooded with Canadian and doubtful Eastern money,
as has been the with Illinois, and about which
the people Of that State have become not little
alar1ned already. The funds in the hands Of our
ana 5 m
with England there is 10 currency that would in
cur less danger Of 1oss than our own, secured and
guarded as required by our present banking law.
ST; Lou1s.-The Democrat of the 18th reports
nothing doing in the money market, and rates Of
exchange and gold remain the same as yesterday
per cent premium for the former, and to 61@ per
10 =; per cent for gold. but it also offered Oh
Change at 61G without buyers. There is no de-
mapd tor go,d worth naming and the etorte to to
speculative propensities Of q few holders Of coin
viii result in nothing but a few investing their
to se1l It again At lower, amer holding it long
enough to learn their folly The facts arc there Is
morc cUn In the country th8n ever before and less
currency. And the large gold not being conye-
nient medium Of circulation, will have to be
changed fO1 currency, when holders want to use
/ their money.
| In th@ locality there is not particle Of good
| sense in undertaking to force gold into uldne
| Importance, when the business of the country is
| being done with currency for which Eastern cE
| change can be bought for 5 per cent. premium.
! And as long as the banks here as sonnd in the
| confidence OF the community as they now are, and
named. or lower, it is attaching fur more impor-
tance to gold than 1t iB entitled to. There Is no
| more ground for panic now than has existed for
six months past, and our friends may well 'spos
sesa their son1e in patience while there is more
specie iu the country than can possibly be employ
ed in the business that is now DOING il every dol
Lar Of currency Eas Withdrawn.
| CMC1SSAr1.-The Gazette Of the 18th says:
The movements In the money market to-day
we're not active in any department, while in some
respects the business was sluggish. The demand
/ paper was taken freely at 1B9l2 per cent.-1D pei
cent: the leading figure. The foreign war question
continues to occupy the attention Of business men
to very large extent, and people are now anxious
~ awaiting advices from Washington that 1aay in
dfcote the Characteristic tone OF the dispatches
| from England, which reached that city BY special
| messenger this afternoon.
Commercial letters at New York from England d
say that the British Government has made no de
1qdHa upon the United States with regard to tht
Trent affair, and express the belief that if the mat
ter is treated calmly by this country, the difficult,
will be amieably arranged
| The business in exchange today was on mode
| rate scale at par buying and x prem. selling
There Was less demand for gold: selling rate 40 t,
30 prrm. We quote: