, 1862-03-10
FINANCIAL AID COMMERCIAL.


:
:: SATURDAY Esx11Ha, March 8, 1884,.
The week cloees on a very comfortable money
market. Legitimate business paper, that IL good
namea, :paysb1e Ia New York with warehouse
receipts or produce bills as corlatera1s Ii readily
taken from customers, and business matters gen.
orally are moving along smoothly, Second class
paper is neglected. Though the banks aceommo-
date customers to a reasonable extent, commits
sion men cannot, OF course, take ali the risk On
consienmentR and make advances At bank rates.
While money Is abundant to beat house and
On short time, parable in New York, for most pur
poses it il rather .close, and for anything like
speculation, It is cafe to say that 1t cannot be
had
New TorR Exchange is decidedly cloae Bank
crs take all that offers at par, and perhaps fac-
ttou above is sometimes conceded. The selling
rate TO: customers remains at Y per cent. pre-
MUM; but outsiders psy fraction above, per-
hapa sometimes AZ high as y.
Currency is abundant, and il N. 7. Exchange
should rise to y, Eastern viii be sent home to
make it.
Gold il dnn and declining 1t opened at yester-
days figures, viz: TX buying, aud a4@2H sell
ing; but towards the close, prices settled to TX
buying, and 2 per cent. selling, and We presume
concession Of Il, perhaps n would bare been
made on round lote.
WILL PAY Co1H.-The Cashier Of the Illinois
Savings Institution informs us, that all savings
deposits made in coin in that Bank, will be paid
In coin, without reference to the legal tender
clause Of the Treasury note bill, inst passed by
Congress.
MuwAUkEE.-Thc seat;az Of this morning
says
Money u1attcrs yesterday were unchanged.
Du]lness Was the most notabls feature Of the mar
about equal to the demand. and rates are ateaay. d.
The demand for money is also limited. znd for the
fret time for many months under the ability Of
M ter 1eqne pas or esa an
Dealers viii pay }z614 for them. The probable
defeat Of the proposed 1aw suspenaing specie pay
l ths sn g sss
considerable smount Of them On hand in the
event q thsiE being being called upon to redeem their
Esx Essf1H x9ss I'd Fsss2gs Fs9s'sggs ns@ Az @
spfeis. spttaae: s.:.:::::1S :.::::..::S / dis. 4 !"
% TTeaEury Notes.. Cox
Gold continues declining, as viii be observed by
our quotations, and is very dull at tue reduced
figures.
C1sc1sEA71--We quote from the Gazette Of this
morning:
4 very quiet, eyen dull day, this was in money
matters. Piper was offered sparinsly for dis
count, and the market for acceptable names was
easy at 10 per cent, while choice signatures passed
at sG9. We quote s@1e a. the whole range in
bank circles If the Legislature should pass 10
OF even 8 per cent interest law, there wonld be a
| large amount Of money offered for Investment in
| mortgages, As it Is there is nothing doing il,
in this line, except in paper that was made before
the passage Of the ezist1ng law.
| The market for exchrnge was steady. most Of the
dealers paying customers par, but nothing over !:
| PREM Was asked for bankera' checks. The de-
mand VAS freely supplied at this rate. Gold il
dull at i prem. buyins and prem. selling.
Buying. Selling
| New York.. .3zdis@paf y prem
| Gold old-.-.---..--.-...--..--- ! prem 2 prem
| ABSTRACT OF MONTHLY STATEMENT OF BuE