The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-26

Tor there Ia not enough 1t would seem. 70 accommo-
Date the business OF the season. Money Is extremely
STRINGENT, not. as sometimes happens, because OF
hazardous speculatons ard the tinidty o. holders.
but simply Tor the reason that IL has been drained
away over the whole face OF The country; and being
thAS thinly disseminated, possesses none or the
powers which concentration AFFORD. lt will come
together again, no doubt, IN short period through
The Tor es which necessity taste aud enterprise bring
into requiston. Collections now indicate more than
usual pi emptiness in meeting obligations everywhere.
Besides this natural dow OF the blood OF trade
through the general system, there Is an expected
early supply from the East which win give the necss-
safy lnvirOratl0n In the meanwhile After the DAhR
ths market, II is confidently believed, wili show
great improvements.
At Cincinnati on the 22d the journals OF that city
report-
There is no essential change in the money market
to-day. The demand for loans from depositors
not quite az pressing, but tue offerings OF outside
paper are as large Us ever, aud checking continues
heavy. Rates OF interest are fully sustained az 10
IL per cent between bankers and their depoSitor5,
ana is per cent in the open market Tor prime con-
nercial paper. Currency is arriving III sufficient
Quantities to keep the supply fully up TO what IL lai
heeu, and sofe quarters there is ltte increase,
bur not enough TO materially relieve the stringency
OF tie market The tone OF the exchange market Il
little nrIner !nasmueh as there 10 less pressed on
the marEet by Dealers but rates have not improved,
and cuirencY IL SILL ordered out IRON New YORK.
Dealers buy at l5 lilo discount anu Sell aL 6Oc dis
count par.
new national bank has recently been organized
at Cleveland, under the name and style OF the ohio
National Bank. Robert Hannah is president and
John McClymons cashier.
The railroad bridge over the Mississippi river from
lunlelth, III, which connects the Illinois Central
with the Dubuque and Sioux City Railroad and forms
direct railroad connection with all the northern part
oClowa, has been completed and is now in success
ful operation.
The return OF the Bank or England for the week
ending December gives the following results when
compared with The previous week.
Rest. Observation-Disclosures 3,063,526 Decrease. f5, 100
public deposits..... 6,36S,025 Increase 1881
Ouler ueposlIS..... li,bos,5Ul .DecIoaSc.. 4ii,o1
ON the other side OF the account
Governmt securities. fl507i,S74 No change.
Other securities E3IS,559 Increase ..GlS5 $50
Notes unemployed. S,563,s45 Increase =. 66,530
Tho amount OF notes In circulation is E23,20o, lao,
being decrease Of $500 970, and the stock Of bullion
H. both departments is Ell, S4l,e69, showing q de-
OF f245 779 when compared with the preceding
returl. ~
Respecting the balance Of trade between this cOun-
try Great Britain the Philadelphia Ledger says
TIE English papers are CO nplaning that the busi-
ness OF the year 1868 has brought Great Britain
heavily In debt 70 other countries Thus, on October
Great Britain owed the United States $90, 900
IN gold ascertained by the difference between the
values OF the exports and the imports. The excess
OF imports is attributed TO the Increase Of grain sup
piled from the Western States and to the decrease
OF English goods sent to America The settle ment
of the balance OF $9O00000o may be effected in diff
ferent ways. The interest due to the holders OF
United States loans in Europe win reduce the
amount considerably and then the merchants OF the
United states will probably pay their debts to France
Germany and Russia by drawing bills OF exchange
upon England and RENTING them to their continent
tai creditors. In this way Will be obviated the ne
cessity OF remitting the large amount OF money
above mentioned. England viii endeav0r to pay
the bills Of exchange by selling goods 10 Their hold.
ers ana thus the $4,000 600 due the United States
Will be paid III an indirect manner.