The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1866-02-23
Financial.
The Chicago Tribune of the 2I.t SAYS


The money market has again resumed the posi-
ton it occupied before the pork season commenced
Eastern Exchange is so scarce that some Of our
bankers are compelled to express currency TO the
East to meet their drafts and this tends to lesser
the supply ofcurrency and render the market strin
gent.
Fortunately the demand for money at present il
very light, aud our bankers meet with no particu
lar difficulty in accommodating desirable custom
ers at 10 per cent per Street rates are hru
at l2@24 per cent.
The Cincinnati Commercial Of the 2ist says
The discount demand for Money has not beer
pressing during the week, though for part Of tn.
time good, To-day it comparatively light
Such demand as there is, represents but few new
enterprises or speculative ventures, mainly refer
ring to the necessities Of those who hold eommod
tiles for q rembursing market. Trade with the
interior is not such yet to concentration
of money in the leading centers, but win doubles,
be changed in this respect very soon for the pur-
chase Of spring supplies Of Goods cannot be much
longer delayed. fair trade with the South ha.
been had in some branches of business more espe-
cially in Provisions and farming implements, bu,
in most respects business is regarded as being
almost as limited at any corresponding period
since 1851
The St. Louis Democrat of the 2lst says:
Business was fairly active to-day. The money
market was easy for first class paper at Io@l2 a
cent.
Bankers bought a good deal Of gold TODAY.
The low prices which have obtained in the past
few days have caused outsiders to be rather afraid
to hold the article, and there is more gold offered
at the counter than for . long time.
1T is noteworthy circumstance that although
the Bank Of England has never before failed to
cause return current Of gold to its vaults by
the easy expedient Of raising its rate of discount
yet now it has been trying for ten weeks to get
gold by this method without the slightest appre-
ciable success.
For the year ending January 81 1856, the
undoubted profits Of the banks of the city of New
York, amounted to $l5,Iss,s4I. This 10 about
eighteen 49, per cent. Of their capital.
The Secretary of the Treasury has limited to
those National Banks which have, in his opinion
made incorrect returns of dutiable items that be
shall be compelled to withhold from them the in
terest due their registered bonds unless they at
once make the desired corrections
The Sub Treasury at New York, on SATURDAY.
and Monday, sold about S., 000, 900 of gold at
1874.
The latest money article Of the London Time.
we have at hand, bearing date the Both ult, looks
with gloomy forebodngs on the fin ancial affairs of
the United Kingdom. 1t says the rate of exchange
ut Philsdelphia and New York on London, for bills
at sixty days sight, is 1888 and 1851 At this
rate there is no profit on the importation of gold
from the United States. 1t then goes on to show
by facts and figures that the condition Of British
monetary affairs is daily becoming more serious
The total Indebtedness Of the State of New
Hampshire is S4,25s,47o.
The volume of Currency in the country has
been diminished considerably by the withdrawal
compound interest notes from circulation, and
very soon the whole $ls0, 000, 900 issued will be
slowed away as Investments. No one will receive
them for their face and accrued interest added.
because it is uncertain how the interest will be
paid; they are legal tender for the face, but the
interest is a matter of purchase and sale in the
money market, and subject to financial fuctua-
tons.