, 1862-02-10
FsNA1CIAL AND COMMERCIAL.
MONE.TARX.


SATURDAY, EVENING, Feb. 8, 1862.
= The money market during the week was exces- :
et7rf5 dali and uninteresting up to yesterday,
when the prospect Of the passage Of the Demand
Treasury Nate bill, md the uews Of the takiu: Of
Fort Henry OIL tie Tennessee EiFer, produced q
cheering effect. It was manifested In buoyUnt
hopeful feeling rather thaa in any considerable tn
cre7sc OF transactions. Operators need time to
diGcass apd digest the news and mike IN average
of the rca1 prospects ahead before acting largely
Should cur army now upon the line of Tennessee
he able to push forward and oceupy Nashville OF
Memphis, or what would be better, both Of them,
and the Treasury note bill pass the Senate, the
West would he in high Ep1rits.
Money fuf au real business purposeH is abnu5nat-
Most Of tho Banks have more money than they can
employ safely and proAtably. The demand con-
tinues to come mainly from the pork and pro-
vision trade; though some OF the Bankers report
rathcr more call from the grain dealers. It viii
increase OF course Us we approach the opening OF
navigation.
The supply OF Ekchanse is still far beyond the
demand. The banks take 1t at par from customers,
and sell nomina1ly ut 4 Of per cent premium;
but moEt Of them are glad to concedc an u On
round lots. Indeed 1-l6 is sometimes accented
from each other.
Gold Is firm at quotations, viz: * per cent
| premium buying, ard 81 selling rates.
[ As an example Of premium and other funds, we
| mention that
! WILLARD s kEAS. No. C1ark street, are giving
| II premium in New York Exchange for the bills
| Of the Eank Of the Stntc Of Indiana: e premium
for Canada, and y premium tor Iowa. They take
| Pittsburgh at per cent. discount for Exchangc,
| and isconsin at IL
FOREIGN ExcHASGE.-There was mail for Ets~
to aRe ifw It f1 sos 3
quote 114H{8ll6, and do not care about selling.
Prime cotanercia1 were offered at 112KDusk On
Sssts Sss I'D aaitfzsa% gfimea S S Aa@Rasa n15a
ThaTsday
TREASURY NorEs m NEW YoRK.-The New
York Times Of Thursday gives the following as
the Wall street joke for the day:
An anecdote is current the street to tha effect
tlat nervous holder of United States notes went
into Brokers Office this morning to sell the notes
at small discount in current funds, The sale Was
made, and a check on one Of the banks taken in
payment, which check, on presentation, was paid
in the same description OF currency! AS no sharp
practice WAS really designed. the discount on the
to the conclusion that il United States Notes are
not good current funds, nothing else short Of gold
. and Silver is likely to be considered better
Whenever Wall street gets tired Of Demand
Notes, let them be sent West. Our banks cannot
get them last enough to supply the wants Of tile
people.
C1sc1HNA11.-Thc GazstteE Esys:
In our money market the movements on Friday
tailcd to develop any new feature. Eastern e1
claDgc is firm ut par buying and y premium sell
{ ing. There is moderate demand for guild at
premium onyiRg and sz premium 59E 1S ana
Bank of lndiana are ealcable at per ce9t. prem
for other currency. Should the 1ea! tender clanse
aue banks vii probably use demand notes lnstcal
| Of coin in redeemlng their Issues. This wonld