, 1862-08-05
FINANCIAL and COMMERCIAL,
MONETARY.


MONDAY EvEHtNa, August 4, 1862.
Some Of tho banks report heavy bneiness to-
lay, while with others the demand for money was
light. The difference. Of coutEe, ls due to the use
customers can make Of 1t. On the Whole, the
business Of the. city Is moving along smoothly,
and despite the war, our dealers never had a more
aatiefactosy or more profitable trade. We hear
no complaints from any class Of our business pub
lie.
Money Is sti11 very abundant. Al good business
paper Is readily taken BY the banks, and henea
outside transactions are limited. Many Of our
capitalists are glad to place money On first class
city property at 10 per cent and in large amounts
per cent. is sometimes accepted. On ontBide
paper probably 6015 wopld be about tha range.
New York exchange is still close; hut We think
we can observe tendency to greater ease. Some
Of the 1arger discount houses have today heen
geline round lots to customers at Is, while othera
charge Il, and hold It firmly. Tbe buying price Is
pretty un1form at u. though few Will not pay
above no. and some Try to buy at par an effort
in which, as yet, they seldom succeed
Gold Tas on the declining scale to-day. The
usual buying price was IA, though fraction above
and below may have been paid by come OF the
brokers. Some Of them have been pretty severe
y eeozehed within the last week OF two BY buying
too closely to Wall street rates, and they are uoW
decidedly "shy.''
Old Treasury Notes were generally bought at
4D454 premium.
Silver sells at s@t0 per cent. premium.
M1LwAuKsE.-The Sentinel, Of this morning,
eays:
Bankers generally reported exchange hrmer on
Saturday but no higher either bsyfu!, or selling
than heEetofo9s. New York sight drafts brought
bank exchassge was 4 premium. Money easy at
SOLO per cent. Gold Wss unchanged, buying at
1z5S913 per cent premium. and demand notes at
the latter still in circulation, and with prospect
Of light import duties, they have downward ten
within few days,
ST. Lou1s.-We quote the following from the
Democrat Of this morning, quoting the market 70,
! Saturday:
The week closes as It opened, 1n1' and Inactive
! IN money circles. The pFincfp1e fe1ture Of the
| market has been the auctuat1ons in gold. though
| change has been steady at par selling, and ADK
| per cent discount buying. The supply ia ABOUT
equa1 to the demand, aud scarcely more, there be-
hid st sse Tonehsra S. defense variants Sc,
buying, and s7@8e,, selling These rates are only
nominal, as there are but fey transactions and 40
market has been lifeless in every particular, *
cept the t1idirg excitement gold dealers have man
aged to Keep, which now, BY the way, Is very sen
eib1y On the Wane, not only here, but all oFer the
| country.
EMc1NNArI.-The Gdzstte Of this morning says:
In the discount line q moderate business was
| transacted on Saturday. The general features of
| the market were unchanged. Bankers were fcee
takers of good paper at sD10 per cent. aud some-
titaes strictly prime nanes are done Ct 6@7-,
| ct 1sG1sT premium buying. Bankers AK Is, but
! tiuce the closing of the Southern market aeatnst
coin there Il very itt1a demand for 1t. Silver was
| dull at premium buying, and e110 premium sell
caaes. but was the leading ngnre, and the mar
ket was rot 1irm at that. Exchange was In good
t eupply, and the market ruled easy at Agak dis,
buying, and par ceiling. We quote;
Buying. Selling.
Es'E EeE York ,SS55GaS:,n @Kdis: par. * wow,
Demand Demand Notes -. pasm; PREM. '0'0p PREM
On the above table the New York H0rzd Of Sat
| urday remarks as follows:
The change to the new tariff On August 1et hos
| given an immense impetue to importations during
the Eonth ct July, and Importers have crowded
1rto our port all the goods that their capt
The comparison Of the Six years, in July, from
1857 TO 1872 gives Instructive lesson Of the vto
lent expAnEions and contrac.1ons to which the
X gSsda 3d hs 5Ispsada SnaR t
over tradiI g. wher the large jo5bcrs who suppl1ei
the Southern trade we're enormously expanded
with stocks Of merchandise, and outstanding lis
bi1ities and assets. wholly unwarranted by thetl
Last year the amount. Il ,476 500 showed new
era OF prudence and preparation for the worst
and this year, $5.6ea,cH. is an increase eauset
Of tie new ta1if: and does hot a1ise1n an7 meas
| Nre from speculative lnpnFtattons In advance o
regular wants.