, 1861-06-13
MONETARY,

j.. "WEDNESDAY EVENING" June u, 1861.
u tic rule that when one has nothing to ssJ he
should lay nothing. DO applied to the Chicago
money market for the ,dsy, our article wonld ba
decidedly ehort, for Of news Wehavd none There
has. been scarcely . thade Of variation sfnce our
yesterdays report. On the Board OF Trade, New
York exchange ruled ut about 5x@H Of one per
cent discount for coin, and par0H per cent pre-
MUM for approved currency. The bauks are do
ing scarcely anything. Probably for the past ten
years they have never done 90 little real business
in tho ea1nc time as during the past week. n.
deed, the business public seem to get along large
y without them. Money is kept In: tho satcs Of
the merchants instead fheing deposited. Almost
every. man IL his own banker: -::-~:. .~v,
Specie continues to arrive. The lesseniug Of.
the tpccie in tie New York Banks, for the past
week, amounting, as may be noticed In the table
te1ow to three e'quaste1s Of million, ia attribu-
ted by the New York papers to the demand for
coin to move the crops from the West. We told
the farmers they could have the coin by demand.
ing it, and facts on every side are proving that
our Judgment Was correct.
MuwAuKtE.-1t secns that "etump tail' Is
getting in woree odor among the husiness men
OF our sister city down the Lake. The Sentinel
Of this morning says:
ETEl4nEE II BIlQ very ECAEE8, HuQ LuG
eelllpg rite is nominaily hut s per cent. premi-
nm, The banks sell only to best customers at
that figure There Is greater demand for e1-
changs thsp has ever been known before # tliis Is
The supply, either through falling of IN shlp-
ments or depression OF Eastern markets Is very
quickly felt. General business continues brisk,
but the demand for money Is not at all pressing.
OF couzse nobobody wants the stuff you call
money, Mr.. Sentinel.
sr. Lou1s.-Thc Democrat Of this morning
tays:.
We are extremely glad to notice the least evl-
dence Of increasing confidence in Missouri money,
or rather that the banks gradually yielding to
the Just deEands Of the hour, and bringing e. their
issues daily nearer specie standard. To-day
Eastern exchange :Was sold for 7H4s per cent.
premium for bapkable funds.'"'-what misno-
ner-and the tendency lis still downward fof
paper. This ia ali owing to the fact that the peo-
pie hare determined to bring the banks to specie
standard OF dr1Te their noIea out OF circulation.
That We do not mistake the purpose or the com-
munity this subject, We refer the reader to the
action Of three railroad companies, which Will be
fonna In another column under the head OF "spe-
ctal Notice."
Tho notice referred to is signed by the managers
Of the Ohio aud MissIssIppi, tho Tesre Haute and
Alton, and the Chicago and st. Louis Railways.
They say;
The action Of our Eastern Railroad Connections
in de rnanding Of Us specie funds in payment Of ali
balances for freight and ticket account, render it
equivalent for all freight delivered tickets sold
at the offices Of the several Companies represented
BY the undersigned.
Of st. Louis and State Of Missouri will hereafter
only be received at such rates they can from day
to day be converted into coin without loss to us.
This will bring currency matters to focus be-
fore many days In St. Louis.
sTocKs.-Ths following arc the. Wall street