Commercial.
The Exchanges are fluctuating, and quotations differ on the same day. We learn that drafts on New York sold on Saturday at 4 ½ per cent. prem; on Philadelphia 4, and on Baltimore 3@3 ½. God was quoted at the extremes of 3@5 percent, prem.; silver do. North and South Carolina Bank notes 5 per cent. below par. Uncurrent Virginia (solvent) Bank notes were 1 ½ @3 per cent. discount.--Money condones easier.On Saturday last there were sent from the State Treasury of Virginia to New York, the sum of $46.000, in specie funds, to pay the interest on State bonds due in London on the 1st of January, on £370,000 five per cent, sterling bonds.
We quote money easier; but trade is still under a sort of paralysis. Merchants are eking out their stocks by buying from each other, and no orders are sent that can possibly be avoided. This is in no spirit, simply of retaliation on the North, as in the case of the excitement immediately after the John Brown raid; but is prompted by a deep and conviction that a crisis is at hand of a nature that warns all against increasing their obligation, and to prepare for an exigency exceeding in its momentous consequences, if not in the ruin, it may involve, any that ever occurred in this country.
It has been announced by telegraph that the Georgia Legislature passed the Bank bill over the Governor's veto. The bill repeals the law forbidding Banks from sending their notes out of the State for the purpose of discounting drafts; it repeals the restriction against selling but sight checks, and in view of the monetary troubles and accessions, suspends the operation of the acts inflicting the pain of forfeiture for not paying specie; prohibits levying fas. in favor, or against suspended Banks during suspensions, provided in either case satisfactory security is given.
