, 1862-06-21
FINANCIAL AND COMMERCIAL,
MONETARK

AZ compared with week Or TO ago, huelnee9
at the banks IL father dull Tie fact is due more
to the scarcity Of vessels than to any lack OF pro-
duce here to create call TOR means, for our ware
tcuses are crowded much more than is usual at
this ecaec1. The matter will be remedied az soon
es the fleet from Lake Superior can complete their
trip. The fact that our shipping interest has
other resources when freights here rule below sat
i-facttry figures, is important as showing the e1-
tcntof the commerce Of onr great inland seas.
The amount Of exchange on deposit IN New
York is gradually sinking; but the supply is still
abundant, and rates are unchanged, VIZ: at the
larger banks par buying and u selling On round
let's; OF collections and for small parcels 4 Is the
rate.
Gold is not quite 60 firm. The range Is aboutas
follows: 5@54; selling GGGH.
MuwAuKEE.-The Sentinel Of this morning
says:
Monetary affairs presented no new features yes
te1day. Currency was tolerably easy, and ex-
@71 discoant husIng, There contiAnes TO be :
sold. broEsrs ps,iEe and ssuins al ! cent pre-
mitm. Tut little ii 'ngcs hands.
CHICAGO, BURLINGTON g. QuINcY RAILROAD
The earnings by the Chicago, Burlington s. Quincy
Railroad Line were for the second week in June,
Against The second weeE IN Jnne is6i.. ss,iao.S7
hcrease. .........................s ss5,oso IS
new YoRK.-The WoT{d Of yesterday says:
The hardening In the money market still con-
tiuucs, and few loans on call made under five
pet cent. and ma many borrowers are wiling 70 pay
Hsms, however, arc} supplied with all the money
they require at four per cent, and they have loans
running at three per cent.
The rates for prime business paper have not ad-
FAuced. the BUDDtF being short OF the demand. and
capitalist and banks competing for this class Of
four to five and a half per cent. according to the
dates OF maturity aid class single iSuatures
are pasFsd at six to seven per cent.
Gold was sold at the morning board at tx to 81
premium, and afterwards advanced to 615 to 6i:,
closing firm at the latter quotation.
The foreign exchange market is unsettled. Late
quoted 1i7x to lis; some Of the leading drawers
refnee offets under 11s Commercial hills are scarce
and command a steady sale at full rates.
ket has taken many parties BY surprise. The
reasons for it. however, are In accordance With
the usual routine at this season, and are fally
currency, AMI gold and foreign exchange mar
| kets- The usual closing up Of accounts prepar-
snd for monev nbynt this datc a and soe of Tue
older and more experienced bank managers at
present view with gloomy forebodings the exp orts
| to an alarmiug extent when the full amount OF
$l5 O00, GO legal tender notes In active opera.
tS9 J. II - tradlag opsFaons They that
nut more than Sc, ,0 600 acsuaiIy in active opera
ton, what will be the price q gold when $50,
tf,A'0 are out And then this second batch u
fl5l o0e. 0O proposed in Congress- making tota
Of s3(O. .0eo five times the amount Of $6o, Con-
R, which haze caused gold to rise to six or sever
duced the aue Of legal tender dollar to ninety
th,ee ard ninetyfour cents, what are. t
be the results Of this? These questions agitatt
I The minds OF EHn1tN11afH. and they fn2r
der the uneasinees Induced By canvassing the acti
| Of Mr. Chase and our whole government fnancia
policy. Capitalists are at loss to know where tt
plaSs iher money, money secure from ON ios5 snd they s,'
providing they feel confident Of being safe. Rsil
| way shares are considered high. and liable to
ecdden fall from delay i9 taking Richmond Or dis
armies not being equal to popular expectation
Capitalists therefor are withdrawing their loan
on railway shases, snd demand largo 1naFgt.s;
| It is satisfactory to know that the banks and on
business community are in sound condition. an
arc acting with extreme caution and CAREFUL
avoid all speculative transactions. Stock apecn
lators are the only class Eho are liable to disaF
pointment or loss IRON sudden changes In our p6
| lititsl programme causing some sharp and ur
pleasant turn in the money market-which is, afse
all, the real regu1stor Of prices IN stocks.
LONDON MoEE1 MARREr.-The London E,o1<
mist Of Dune I, Gays:
There has been rather more demand foE none
pas' bsTey oas tas tae Se1
7 the bank rate. The large proportion Of ept
! Gle for the Turkish government on account
to be transmitted will not be Of IN amount like1
to press upon the money market, as the Turks
government has considerable payments to met
, The following are the ordinary charges for papf
| Of various dates.
20 to 60 da{s.. q cen
3months- --...-...-+-..-.....-.3 q cen