, 1862-01-13
FINaNCllL IND COMMERCIaI..
MONETARY.
SA7TEpAT EVENING. Jan. ii.

MONETARY
sA7TnpAT Es;ESlSs, Jan. II. 1872 :,
i: stel -riuscs--osa {eeuy- i.
anansjnI circles. though yet i hRs not assumed
adeanite shape The pork and provision trade
Is very ac.sre, atd shipments eas,Fard only
limited By the capacity of tilrce great railway
line, For the !akt tso or ilnee dsy7 more freight
has Seen offered than they coa1d possibly tsae.
The more hopeful feeling to-day Is based largely
On the'bclief that as soon az Ii is known on the
other eide 1hat Aassn and s1idel have beer given
UP. and that rupture with England is now scarce-
ly poesihle, foreign exchange, and with It the
prize Of gold, will fall largely in tic New York
market Private dispatches to-day. in anticipation
OF the foreign news, report sterlsns, exchange
lower and gold weaker The high price Of for
cign exchange for some time past has not been
owing to- the balance Of trade being againat us for
1t fE well known that from our large exports Of
farm products. and arnail imports Of Iquors Bi1ks
andgeWEawE, ,thebalance oftrade has been In pQrfh-
vos, and Europe had been, up to the time the
Hurry caused By the Trent affair occurred, send
Ing us large amounts Of coin. English capitalists
always nave hcaTy amounts Of money in NeH
1ork On deposit tat investment and as aoon Is
there was the least prospect Of war between the
United States and England, the capitalists ordered
their funds home, and hence the price Of foreign
exchange has been during the past week, as high
az 114H. perhaps higher. With tho settlement Of
the Trent affair, these orders viii be likely not
only to cease, but the funds will pzobablybe sent
back to New York. shonld our exports aud for
einn trade renera1ls ro nm n. nsno1 fora;cn o.
CHANGE will yerv soo1 e;n7- below ~. ,,,i,, ho-o
it viii my to shin sneete and the 6nonc,a, af.,ra
Of the country must rnpid1y improve.
For the LAST week. hangers md ho,ro,ro-e
have been puzzled 10 knor- hnur In 1o.e-c 1osns
on aatiafactorr terms II cprranc,, 1roro t,z.o,
would the lender be wiling to take nr~c,-r H.
ty or sixty days heuces Tbis+her we're generally
unwilling to do. The copseoncnce of course xaa
that very few loans were made. To-day somc of
the banks have relaxed somewhat. and ARE accon,-
! modatinc customers snarfnn,v
The character Of our circulation ia ran;a,x
changing. Iowa. Indiana. Ohio and Nontres1
money are disspuearine-5eine laid aside a. M
serve funde. The banks are r,ayino mt Sov- yorr
| and New Enr,ana n,onev ana 17rooaurv nota,
should the antic1oatious Of fail in FOREIGN ex-
y, - -. -
epahse ana lae pf1ce u Soo pe reasizeo THIS statc
cannot 1ast 'hefe now seems 10 0e no
| New York Exchange Is still abundant at former
| figures, VIZ: 4 selling and par buying as the
usual rates.
Co. a-n"f:o,5 g, .r,a mt ,a,a ,r,+o :, a.u,,u rh,
| oo1D-Hoio "ae Aot Aeiu qutIt so luut5. tue
buying price was 2N2Iz, selling nominal at T.
Thcrc vas not rnnch chan.,;no hands m anvterms
~ ius 80 W ~!
1ne 1ho1aaa branches aud the banS OF montreal
arc still redecu1ing their issues in coin at per
cent.
1,.,. na
| MlL"AuhEE-Ine osht1Het OF th1s morning eayss
The money market may, without exageration
be- said to be at stand. Beyond the payment
Of checks and receiving deposits the banks are
doing little OF nothing. The offerings Of sfgnt
paper are very tri1ing, and likewise the demand
1or exchange: As for loane, II would be an 1mpos-
s;nnty 10 ,aase teh 99oasana o9llara M On me pest