, 1860-05-01
Financial a1tD Commercial,
MONETARY.

AospA1 EvEs1so. April 81, LEGO.
Exchange went down today, the current
rates ut the bank being II per cent premium for
currency. Some Of the banks report the de-
maud dull ut the decline, while others hare had
more calls aud report it close. The demand for
money on produce bills at the banks il BY no
means equal to tbe supply. The shipments
have been heavy thus far for the season; but
the means to handle produce in the hands Of the
banks are still beyond the necessities Of the
trade. Local discounts cannot be obtained to
any considerable extent on my terms.
Gold 1t@e per cent, with no demand.
ST. Lorls.-fhe Democrat Of Saturday last
says:
There was; as anticipated, greater demand
today for Eastern exchange than tbrre has
been for some time, as it is about The last day
that renitsances can 60 to meet with certainty
the payments due May lst. Rates arc unaltcr-
ed, Is follows:
,.,,.r. FeerGola. Bnoe rn4.. 1n.A Wis.
siae'snass IousIais" IT. s i Pxa pFta. Es@ I@s@:
Ctsc1SsA71.-Thc Ga.f.tt Of Saturday reports
the demand for money wss somewhat irregular,
it being heavy with portion Of the houses and
light With others, but in the aggregate the sup
ply Of capitaf was SIMPLE, and good paper was
disposed Of without difficulty ut 10 to 1a per
cent.
There were indications Of better supply Of
Eastern Exchange. Dealers we're aLle to buy
considerable amounts at 55@60, offered by pro-
duce shippers md Kentucky banks, but the de-
mhnd continued heavy, and mnttcrs were close
at 50 to co prem. buying, and prem. selling.
The tendency, however, now is to m easier
market.
Nestern uncurrent money is in good demand
At discount for Missouri, and II discount for
Illinois and Wisconsin.
The BASk or TEcrAsEn.-The Michigan pa
pers report q " rum on the Bank of Tecumseb.
The Monroe Commercial Of the Goth says:
Aruu was started Oh this institution on Sat-
urdny or Monday br Toledo broker, which
soon spread among the community at lu.ge, aud
the result has hren general stau:pede for tho
bank by all who ted enough Of the money to
make 1t III object to 10 10 Tecumseh. The
bank redeemed on Monday, aud on Tuesday =
H succeeded in getting $l00 OF the amount i'll
recent pieces, which the payer occupied all
thu forenoon in counting ont 10 him. He was
on hand at the opening of the bank IN tho after
noon. but s7n1e one succeeded il getting ahead
Of him. and he returned after banking hours
With s42 Of the money. They redeemed in this
way mp to the hour Of closing. Another troker
Of this place went up the sumo dav with $500.
hut wna obliged to bring it back. We also hear
that the Michigan Southern and Northern 1ndi-
ana Railroad Company sent messenger over
from Toledn on the same day with &. 900. but
be was unable to get any portion Of it redeemed.
4 nuuber Of our merchants took it ior e. ods up
to Wedn. sdny, but since that time hnve refused
to touch it..
Those who profess to DC well posted say there
is about z1o0,"01 Of The money in circulation
some s25.0o1 OF which is in this county. j
considerable amount is held By citizens Of thi.
place.
Since the above WIS in type we hear That tht
bank ias closed for sixty days, under the ac
allowing suspension for that time. We presume
~ effort will be made 10 place tie bank on it.
feet again. hut our advice to the community is
rot to Ionrh it unless it should 20 to work un dc
tho general banking Law. Some Of our broker
say they viii not touch it hereafter.