, 1861-12-14
FINANCIAL AND COMMERCIAL,
MONETARY.

FRIDAY EVENING, Dec. 18, 1861
The money market today does not exhibit sin
gle lew feature. Discounts On legitimate business
paper continue to be made at the legal rates, VIZ:
10per cent. and business Of all kinds is moving
along smoothly as usual.
New York exchange Is plenty at IA figure
which gtTes great satisfaction to our mercantile
community. Some Of the bankers charge e above
On amall lots hut most Of them are glad to sell at
the lower price. The buying rate ia about par;
but sometimes small fraction additional is oh
tanned.
Gold is dull Buying, 1-5@4; selling, 55@1s.
For email lots, per cent. is sometimes charged by
the brokers.
Mr. Chase's financial scheme continues to excite
discussion; but our capitalists and commercial
circles prefer to wait It'll they see the details Of
the system before forming definite opinions as to
its merits.
MnwAuKEE.- quote the following from the
Sentinel Of this morning:
There WAS nothing especially new IN the state
OF the money market yesterday. Some Of the
banks snId exchange freely all classes Of custom
s ss s thi ese e I e 81 essi sd
eastern payments TO make: Outside the banks
rates Varied from II to r. hnG ht The salss a. these
the only class who not from the strin-
gency Of the market. material easing up IN the
exchange market IL looked fcE after the 18th, az
the banke viii be free to aeFort upon each other
after that date and thus draw out the large reserve
q exchange that has been held oaeS. ny virtue OF
the restrictions the banks plAced upon themselves
III this respect. There is not much demand for
gold. It Is held at l}z9s = cent.-thc outside
figure for retail 1ots.
We published two OF three days since letter
from Milwaukee banking and exchange Office,
stating that the notes Of como Of the banks in the
"curFent Wisconsin lists were not redeemed in
that city in New York exchange. The Sentinel at-
tributes the letter to some one Of the small sha-
sers who have been doing a nice business since
the new banking law went into effect, By aseort-
ing currency and selling exchange at * per cent,
are In danger Of losing their occupation by q fall
ing OF in the feverlsh demand for exchange.
which they but too well succeeded in creating and
hence come Of the more reckless Of them are max
ing renewed efforts to keep up the alarm upon
which they hope to fatten,-' aud adds:
No such state Of things exists In Milwaukee as
the TRIBUNE has been led to believe. With very
fey exceptions 81 the banks whoEc notes are paid
and these exceptions consist Of few banks that
sfSnlhed their intention to comply with the new
nt a Det haze n not as yet dong 9nd hence were
c1afton decided to wind up. We have good su
thofity for Saving. however. that unless these
m 6anSs comply with their promises to redeem with
dfaE their 1s5nes from circulation and wind them
Up. There VIII be no loss to the bill holders. IS
me notes Of all such banks will be received as cur
ae%ss; ~ 1nE Assoelat1on bearing any loss that may
:, The Tn'BUEE can assure the bankers Of Chicago,
!nar r ho .ney WI send any Wisconsin currency they
house here, they viii find little trouble in obtaifi
Ing exchange for it. at hecurrent rate
VIII the Sentinel giro us the names Of those de-
nnqucM banks. that the public may a7oid their is