, 1862-05-02
FINANCIAL AND COMMERCIAL,
MONETARY.

THURSDAY ETE.t MKY l. lep&-
Transactions d the banks for the day are limit
ed, compared with the means at command Large
1y as the business Of the city has increased, only
keeping place with the growth Of the country that
Is tributary to 1t, the means to do 1t has gained
upon that husfneeB to ouch an extent that moro
eapltal] is probably now lying idle here
thsn ever before In the history Of the city One
reason Of this can be found in the rigid adherence
to found principles in the transaction Of business
Plenty al money is, holders will loan 1t only On
the best Of collatera1s. The rates Of interest," IN
der the circumstances may, and, indeed, It ia to
be hoped they Will come down, but let the strict
est scrutiny continue to be preserved In the knds
ofpaper that are accepted for discount To do
this sn1d oVerfoWfng vaulte requires the coolest
and the highest qualities OF the genuine banker.
AZ the Eeaeon advances more opportunities will
offer for the employment Of cnpital. By the time
the feet that hrst left port returns old advances
W1ll all be out Of the way, and should far prices
warrant active shipments, capital will coon find
active employment.
The supply and demand Of exchange for the dag
were about eEenly balanced. The market WIS
rather firm at quotations viz buying, parGDk;
and X Per cent. selling. II anything, the market
Was a shade easier than yesterday.
The demand for gold is not large, but holders
are rather firm In their views. The rates are ~
buying. and 17s92 per cent. selling. Perhaps
round lots might have been had Of some Of the
bankers ut 11l.
REAoyAL--The customers Of James Boyd,
Esq, banker and exchange broker viii please
notice that he has removed from No. 70 Clark street
to So Clark street, two doors North, in the Ez-
change Bank building.
AnwAuEEs.-The Sentinel Of this morning
eass:
There VAS rather more activity in the money
market yesterday compared With the previous
dsy, bnt the amount of business done was still
comparatively limited. The supply Of exchange
continues increasing beyond the demand, and We
find that most ofthe banks were selling to custom
ere at 81 premium, that is as much as we're In
need Of large sums. The demand for gold is quite
v.-,- p1sSze$: sasz5e5; prsa!s%: ssl!!aS
spssts Ssx So.s exchange: ;:@ y s@s @sK (
1leatul3 uo1e 1es..-.----...-.. B8
ST. LoE1s.-The Democrat gays;
E5t hange was dull at par to-dsy, (aGth, and the
tendency WAS downward. The Quaftermaster has
paid ont some two millions Of checks in the past
week, and three millions more are elaced to his
credit, which makes the exchange in this market
largely In excess Of the deR1and. In fact the de-
Inand wss mostly by parties using the came for
Gates. Business demand has been exceedingly m
Light for some time past. There is no demand for
gold, and the feeling In the market to-day WAS
against an advance.
The Bank Of St. Louis ie to be restored to par
| line tonorrow, and hepceforward It's notes win
pass the came ae those CT the four current banka
! OF this city We could not learn what is done in
/ regard to the Western Bank, but, we presume,
| that also will be restored to circulation. What
efforts are being made to restore the Farmers and
| Union Banks, VIC have not learned. but We under
circulation Fince their dscrcdit as to be able tc
| resume business again Eoon. We hope now to set
banking ngd more csa1io9ely carried on than herstS
/ holders and the interests Of the public.
new YoRk--Ne quote the following from ths
EreNing Pest Of Tuesday:
Extraordinary buoyancy In Government securi
ties is the principal topic Of the Stock Exchanz
of business this morning there was great eaEcr
TO bny, and the SKIES Of 1881 at once rose t
s!@g7H against e52z@9G yesterday The commis
Of the loyal States, and the Transactions il III
Government Issues now reach an enormou
t amount.
at 974 @9i3z; the registered at 2s0g7 This i
aTiec OF = cent Elnce Saturday, the capture 0
| New Orleans having brought in new buyers. Th
| adya1ee has been stimulated no doubt, by III
haste of the shorts to buy back the bonds tho,
| fold some time ago The impression IL that tht
short INTEREST," has been larger than was SUP
poted -
| The T20 Treasury notes advanced to 1Ot1s. th
6per cent: Certificates to 9ssz. All the iss1es o
l1fee are sEGI per ce1I MI her with few Offering
he Two year notes 111 bid. Oregon va
Loan rose to y6.
The Southern State stocks are in better demand
TerneEeece rose to BIZ, Mi=souris to 50, Nortl
Carolina TO 65H.
Tht re is an improvement Of i per cent in ulino1
sixts ard California seyens. Ohio skies OF 1856
I'D at par.
The animation In Governments has eo,uewha
revived The speculative list and the railway share
are A@h per cent higher. N. T. Central close
cloEes firm at at ss.l, Toledo 42sl@42zs.
Money continues very easy, at 5Gb5b per cent
on first -class collaterals. Prime paper IS ia goo
request, At 5G674 per cent, the inside figure il 70
| tEurt accept11ces.
Gold is rather frmer, 101sl bid. All tha sales q
the Board were at this figure.
Fxcharge on Europe Is hrmer, but not active
| F1retc1ass bills on London arc ellins at 1123sG
112h: Paris is quoted at 5t5@5D5A; Hambuf
s7A@s72.; Bremen s1@s1H Thalers 742az@7lz
! The Interest on the Sinking Fund bonds an
Second Mortgage bonds Of the Michigan Sonthcr
kal road Company will be .paid May 1st at th
Bank Of North America The interest on tt
First Mortgage bends will be paid at the office
the company.
PHHLAnE1RHA BASKs.-The weekly stateme,
Of the Philadelphia banks, made up on Mondf
afternoon, presents the following aggregates