Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-12-18

FINANCIAL hNTEkLn0EV CE.
Orvics o. TBs CHICAGO Tinss,l
Satnrdav everin~ Dec n

Saturday evening, Dec. 10.
The week closes with much better feel.
ing IN the commercial circles than prevailed
I, the opening. General trade has ruled
dull throughout the week, but nov gives
some signs 81 returning sctiAity, and BUSH
ne-s men ere rendered more cheerful BY the
restoration Of confidence IN the future which
is nov taking place 30 rapidly. The mer-
chants are making more liberal collections,
from which it is natural to inter that
count merchants are becoming easier, and
We notice that, while many Of them are still
literal borrowers, there are more mercantile
bills being taken 1t the banks than
mercantile discounts making. In produce
there has been signal revivalof business
the depression winch marked the close Of
last week has almost entirely passed away.
Ihe.s is still some uncertainty lingering in
the m,ds Of operators, howev,r,-the revi
val Of business having been purely Of .
speculative charscter,-and none Of them
regard events IS sufficiently defined to var
rant them in engaging in legitimate trAnsac-
tons We bear vi 10 operations with . view
to supply any demand v hich the future may
develop, or = reap the adv. ntages Of IN
The contrary, operators appear TO look but
) few days shead, and buy and sell with
reference to their opinions Of the market to
morrow or next day, and the produce pur
chased one day is almost sure to BE- thrown
upon the market on the day succeeding
Ibis is a feve:i,h cpnd ton Of the msaket,
which demonstrates that operators are still
uncertain. and, TO great extent, afraid 10
trust their own opinions Of the future. This.
after all, is perfectly natural, considering the
severity and extent OF the recent depression,
and mus. not be regarded ss a lack OF
strength and vital y III the market A
short period OF steadiness, as we remarked
yesterday, will serve to dlssipate the unce,.
tainty aud to restore the former confidence
and tone.
The supply Of currency, now that the
merchants have commenced king up their
paper, is slowly increasing, IN the face Of
s,,ll strong demand for money. The move
ment { hogs may now be considered fairly
commenced although the receipts are Is
yet highland this will soon induce . re-
turn flow Of currency from the East, which
will place the West in much stronger in
ancial position. Notwithstanding Il at the
supply Of currency IL increasing, with fair
prospect Of still greater increase when the
movement Of hogs shall have produced an
impression, the banks are generally discour.
aging discounts. Tho supply Of currency
WAS drawn down 40 low that the banks are
anxious for something OF an accumulation
before their January statements, and are a
50 disposed TO f,rtify themselves to meet
heavy tipmnn i,v the makers which u...
now BE- made upon them at any day. This
disposition to discourage discounts keeps a
considerable amount Of good mercantile and
produce paper upon the street, which the
banks are in condition to take care Of Is well
as not but the improved position Of the
bank. has served to cut down the exhorhi-
tant rates lately demanded on the street to
a near approximate to bank charges. and
from IL to 10 per cent. is about the most
which can be imposed on really prime pa
per, though on second class as high as lS
per cent, or, l per cent. a month has been
obtained.