Year: 1860

The Stock market opened to dav with n very beavu
feeling throughout and prices fell of during the session
oi the FIRST Board There was, however a slight inn
proyement toward the close and after the adournman
moderate rally took place, which carried New Yorl-


ehnIal up 10 % AGAIN, and extended also to several
leading stocks The in State stocks and rail
way bonds was quite animated, but prces were some
what irregular in some instances showing better figures
but IN most of the transactions comparing less favor
ably with the quotations Of yesterday There has been
very good investment demand for railway bonds
ana the quantity taken out of the street within week
must be large. We hear of an instance where the
ponds OF one Company to the of $50 OOO have
been taken by wealthy outsider SCATTERING or,Iers
for shares continue to be received by the commission
houses but the current of investment has of late run
more in favor of bonds The scarcity of stock is still
one Of the prominent features of the market and the
difficulties in making delivery have made the bears
cautious in selling cash and on short ontions


There was very fair amount of business transacted
in foreign bills for the Boston steamer, with improve
ment of about per in rates closing with an m
ward tendency The most favorable feature of the mar
ket known the greater with which bills could
sod and marked change from the sagnaon of the early
part of last week At the close leading draw
tions is 9sCGlO2 for document bills 1026a3I f od
to vorte commercial and bank signatures and lo3 Mos
for bankers, Francs 545d535 for well known names
The present mail larger than has gone forward
for some time.


The banks have been discountng very literally again
in pursuance of their programme of last week The
offerings were generally not large had been anti
cpaed the large expansion of Friday having salts
hed the wants of many OF the bank dealers We hear
OF many instances to day where the amount discounted
exceeded two three-fold the recepts when in no
case were they restricted to the receipts Bank
managers are sun very careful scrutinZing
and applicants This is very necessary as
otherwise the New York CITY banks vond soon he
discounting for the whole country and under
gong domestic drain for specie call the supply
OF money appears to be sufficient cent with an
occasional transaction at per cent In the open market
ior paper there is little relief The old buyers of
do not appear the market and have evidently
lost confidence in mercantile credit considerable de-
gree For strictly gilt edged there is some curren
cy at lOdl2 per cent, principally at the outside rate
Other descriptions rather than better and are
quoted at l5d24 per cent. The bills of the UonesdaIe
Bank of Pennsylvania redeemed as usual bv the
Merchants Exchange Bank at of per cent discount


The Philadelphia EennSylranian, of to-day saws


Yesterday was another heavy day the Stock market
and prices decidedly lower There is as vet No conf
dence and all the indications, both home and abroad
point to still greater stringency ir money affairs


The New Orleans Crescent of Saturday says:


There is paper market in reality few small sums


paper are passed and them but at rates which if
would be supposed unbearabe any regular business
cotton Is moving freely in way and another being
advanced on by parties who have friends credit to
see them through Well they might have at the nresn
prices OF cotton in market. At the same time thara
have been sales daily which have not been made nubc
Buyers who could meet prompt calls or nav before time
given Ior ueVery nave obtained good concessions Ne
Vertheltss, there is really money market at this mo-
ment though some of the tonsoria gentlemen are accom-
modating their clients at 2lG2k to per CT per month


1t is hardly necessary to aude what the banks are
doing. The offerings with them large SCALE and
beyond sort of renewing and some granting of dis.
counts to old patrons and customers there was very little
done to-day. ' '


The Cincinnati Gazette of Monday says


The first decided indications of reaction in the money
market were observable to day We had on Friday and
Saturday some weak signs recovery but they were so
weak as to be barely distinguishable Now however n
marked improve nent is observable in the general feIn
among both bankers and merchants and there pros
pect that the deadlock will soon be removed.