The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-01-03
New York Markets.
MONEY MARKET,

New YORK, Friday, Dec. 90, P. M-Thc gold market
was dull throughout the day, and after opening at
145@s, it closed steady at 145Is There was more de-
nand from borrowers, and loans were generally made by
paying two per cent interest upon the currency advanced
large amount has been sold 'short, in anticipation Of
the effect of the payment of the January coin interest
the public debt, aggregating 50, 1885, 7G0
Foreign exchange dull the basis Of 109,i for
prime bankers bills at sixty days England and
lO9@10oh for other grades The leading drawers found
their bills difficult OF sale at the former rate owing to the
advance Of American securities in London, under the
favorable effect of the Presidents Message and Treasury
report which led importers to look for shipments to
meet the foreign demand and consequent increase in
the supply OF exchange. Commercial bills continue
scarce at rates varying from 10S for inferior to 100 for
prime. Southern bankers bills drawn against cotton
would bring 1O9 but there are none offering to an
amount worth mentioning
The money market was easy under o superabundnnce
Of capital at six cent with exceptions at seven The
proporonnteiy light and the balance in the subTreasu-
ry has increased to about seventythree millions. The
demand for money at the West is becoming more brisk
owing to the porkpacking season having commenced,
and the rate of discount at Chicago steady at ten per
cent per annum Mt the banks Exchange on the East,
however remains at par buying and lilo premium sell
Ing showing that the current is still in this direction.
The discount line here is steady and dull at 7@9910@
IS for the first and second grades of commercial paper
but lenders are for the most part reservng their forces
for more profitable speculative uses after the first Of
.January.-Herald, Saturday, December 80.
NEW BANK.
The prospectus of the English and American Bank has
been issued in London, with proposed capital OF
ner to be sixty thousand shares of thirty pounds
sterling eaeh of which thirty thousand shares only
shares have Deen already taken leaving five thousand
shares yet to be subscribed for the prospectus rectes
that this undertaking s intended chiefly to transact
credit and exchange banking business in Great Britain
and America but especially in the latter country
where extensive field exists for its operations and
whae such bank is greatly desired" 1t is further ex
planned that Sin order to provide the broadcast and
strongest basis for the operations of the company
rangements have been made with the Oriental Bank
Corporation, and with thu Union Bank ofLondon under
which the English and AM rican Bank will be enabled
to engage in tho credit and exchange business in Amer
lea and elsewhere. on the very best footing.
PRODUCE MARKET.
FLoCR-The market for State aud Western flour was
less active and prices, though very frn without
special variation The sales comprised COCO bushels at
our subjoined quotations. Southern flour il good
demand and prices ruled very steady The sales reached
1000 barrels Canada -four was quiet but prices we're
without noticeable change Rye flour was inactive Corn
meal in better demand and sales were made OF 500
bbls Brandywine at 81 5 and about 90 puncheons do
at S24 76@25. We quote -
Superfne State and Western. 40 @ 81 SO
Common to medium extra Western As a 8 80
Extra round hoop Ohio. IS q 15
Western trade brands. s..............-. ~ @ ~ ~
Common Southern ..........'.......... 0o g ~ ~
corn was quiet and heavy The sales
about 900 bushels at 90c 95c for unsound and 96c
@96Hc for sound mixed Western Oats were duh and
dropping with sales at from 48c @56c for unsound and
6Oc. @62c. for sound. Rye was in demand We note
of 1900 bushels State at 81 o. Malt was quiet and
nominal. Tho demand for barley was inactive, but
prices were nominally unchanged.
CoTroN.-The market continued active, and yester-
days advance was easily maintained. Some holders
were asking 54c. for middng New Orleans we learned
Of no sal es however above suboined quotations. ut
which the market closed buoyant and firm. The sales
65Oo bales, mostly for shipment and speculation
Nequote:
Upland Florida Mobile. N. 0; d T.
Ordinary ..........A As As IS
Aiddling. .........52 50 So SO
Good Middling. ..54 81 55 55
CoFFEE.-The market steady but quiet. WeQuote:
Rio, prime, 20hc good 19Hc 20c, fair 1Shc. @19c.,
ordinary 17hc @1sc fair to good cargoes @lasc.,
Java, mats and bags 2Sc29c native Ceyon 24c @L25c,
Maracaibo 21hc @2tc. Laguayra Ole. @23 &C., ST. Do
mingo 17Xc. @1S1ac all gold, net cash, duty paid.
GUSNY BAos.-The marke. was inactive and in the
absence of Transactions prices ruled nominal We quote
for basis 32c., currency.
GuNSY CLOTH was quiet and unchanged. Holders