New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-12-04
Total. ,s57, 80

Inc CHtcNSO Lj1OUEt ol
The money market to-day was comparatively quiet
but stringent. On account OF the great decline
which has taken place III the Hog mnIkct dunn; TIE
past three days the packers have been feeling around
the banks TO day, With n view TO commencing opera
tons and although there is yea very limited inquiry
by the Provision trade the discount houses are f0iy
ing themselves against active drain upon them which
may commence now at any time. Under these eireum'
stances the mercantile trade found il more icut 10
procure accom- u odations. and we quote the marAet
close 10 per cent per anDum. The private bankers
however are lending to outsiders al cent per
aDnum.
The supply of Eastern Exchange 10 trifing that
is scarcely QuOtable as merchantsble article. Inc
bankers drawing sight bills on New YORK al i'o
Of per cent premium and paying par; bnt iouhu io's
are being sold as high 75c premium. Nearly attic
banks still forced to express currency daily TO meet
their drafts.
The grain markets still tend downward. Flour 10
day was dull and almost entirely nominal Wheat de
clined &C. per busheL Corn fell 4!a6.c per bushel
Oats were duh and unchanged. Rye was lc higher
Barley dull Highwinrs were held frmer. Pro-
visions were hrmer and more active
The Cincinnati Commercial Of Friday says:
| The mouey market exhibited no features today
The demand for money, which was light was sparDely
supplied. Bankers take Of their customers. but
evidently prefer not TO do paper TO any extent Mer
chants are also pursuing conservative course, and
whs.eyer disposition there was lately TO do credit
business has been checked, and collections being
closely made and pressed The whole tendency Z.
things toward healthy basis and the precaa.
tions that being adopted are well calculated 10 pre-
vent trouble There is less Of speculative feeling than
we have known for loLs time and people seem to be
add 10 IT, The forthcoming report OF The Secretary Of
the Treasury Is looked forward TO with good deal OF
interest and until his policy shall be fully developed
there will be disposition 10 expand or undertake
new engagements in any qua rteT.
The New-i ok papeIs have written Themselves into
I the belief that Mr. McCuloch has modified the policy
announced in his Fort Wayne speech aDd that more
moderate views will be expressed in his report They
also take the ground that he cannot do much in the line
of contraction If he much disposed In that
direction. II is our belief however. that he has not
changed in the least particular that Sc believes
the expansion OF cfedls great evil that only be
checked by contraction Of the curreDcy that he viii
! take this ground boldly in his report ana shape his
cOuise accordingly. We may believe Of course, that
the policy 10 be adopted will be moderate and pract,
cal bat that contraction 10 be the order the pub.
lie may rest assured.
The rates for money 10 TO Is per cent for prime ~
good paper-l0 to42 the leading figures between bank.
crs and their regular customers
There was better supply Of exchange today, and
rates were easier The per cent notes due in Decc
Der being sent In considerable quantities TO New.
York for sale and thus large amount OF exchange will
be produced Dealers also keep IN view the tact that
the pork trade will begin TO furnish bills and
der all the circumstances there is no disposition to in
crease eastern balances at present. The rates were
par4s soc premium buying, and lilo premium selling
bnt in the afternoon BANKERS checks might have been
obtained at Jc premium, while some VI the houses re
fused 10 buy at over par
The temporary loans outstanding at the depository
in this city amount ~ nearly three million dollars and
il is worthy Of note that the balance is increasing
rather than diminishing showing that there is good
deal of idle capital which people satisfied 10 leave
where they know 1t 10 be safe, at per cent while In
the open market money call brings e1l0 per cent
and paper sells at 10 to "a per cent II Is manifest,
therefore, that the strngency in the money market IL
due wholly 10 scarcity Of currency, and We may
also conclude that increased pressure such would
result from contraction on the part Of the Secretary
Of the Treasury would moi lead TO sudden with.
drawa OF the temporary oans On the other hand the
circumstance 10 which We refer may be taken as an
Indication that upon the restoration OF confidence,
money will be found plenty enough or all practical pur
pOfes.