, 1862-03-09
FINANCIAL AND COMMERCIAL.
MONETARY.

SATURDAY Evening, March s, 13;a
The week closes very comfortable money
market. Legitimate business paper, that is good
names, payable III New York with warehouse
receipts OF produce bills as co1teraIs Is readily
tasen 1rcIn customers, and business matters gen
orally arc moving along smoothly, Second class
PAPER is neglected Though the banks accommo-
date customers to reasonable extent commits
zion men cannot, OF course, take all the risk on
consignments and make advances at bank rates.
While money Is abundant to best house and
on short time, payable in New York for most pur-
posas it is rather close, and for anything like
speculation, it is snfe to say that it cannot be
had
New York Exchange is decidedly cloae. Bank
crs take all that offers at par and pefhaps ffac-
tion above is sometimes conceded. The selling
rate to customers remains at Il per cent. pre-
MUM; but outsiders pay fraction above, per
haps sometimes as high as y.
Currency is abundant, and if N. Y. Exchange
should rise to x, Eastern will be sent home to
make it.
Gold is dull and declining. It opened at yester-
day's figures, VIZ: ~ bnying, and 24@24 sell
iug; but towards the close, prices settled to TX
buying, and . per cent selling, and we presume
concession Of u, perhaps 4 would have been
made on round lots.
WILL PAT CoN.-Thc Cashier Of the Illinois
Savings Institution informs us, that all savings
deposits made in coin, in that Banls will be paid
in coin, without reference to the legal tender
clause Of the Treasury note bill, just passed BY
Congress.
M1wACKEE.-Thc ,Ssnt;ael Of this morning
saJs:-
Money matters yesterday were unchanged.
Dalinc5S Pr was the most notable feature Of the mar
about equal to the demand, and rates are steady.
The demand for money is also limited, and for tie
first time for many months under the ability OF
ter request, and bought for lees than 1< premium
| Dealers vii pay E4A * for them. :. The probable
Gcfeat Of The proposed law suspendIng specie pay
ments VIII have tendency to Keep Treasury notes
at premium here, as the banks will need to have
| considerable amount Of them on hand in the
currency. We quotc: '' - N-1-S''t '''S1%
Kew es;1n xos sEd dEFshaags Pd1'sga prem.
speeie. spn5to: :::: ........:.....:1XX & Dis &
Treasury Notes 5Se2H
Gold continues declining, as viii be observed by
figures. 'eS''
C1SclSSAT1.-We quote from the Gc.e;te Of this
| morning:
| Avery quiet, even dull dag, this was in money
matters. Paper was offered sparingly for dis
count, and the market for acceptable names was
easy at 1gper cent while choice signatures passed
| ut 500: We quote Sla12 as the whole range in
bank circles. If the Legislature should pass 10
large amount Of money offered for investment in
mortgages. AS it is there is nothing doing in
in this line, except In paper that was made before
the passage Of the existing law.
The market for eSch1nge was steady most Of the
dealers paying customers par, but nothing over K
| prem. was asked for bankers, checks, The de.
1aand was freely supplied at thus rate. Gold Is
dull at prem. buying and prem. selling.
| Buying. Selling
| NeW aoT6.. 6..----..-..---.... 7z:disGNpar u prem,
| 1ola- ola-------....--.-.-.-.--- prem. 2 prem
| ABSTRACT OF MONTHLY STATEMENT or BuR.
11SeToS BRAScA BAsK. March g. 1862: