, 1862-03-25
,t'.J-r,.
FINANCIAL AND COAAERClAI..
MONETARY.

MONDAY Kyxxaa, Karrh ~, 1e63..
+" The week "Opens On very Inactive money mar
ket. Holders OF produce Of al kinds do not like
to ship largely BY railway. ~ navigation must soon
open, and heaoe there are not transactions enough
to create any considerable demand tur usney.
The ahouatnahle weathar tor tho pest wsek has
prevented the farmers In tbs country from bring
ing forward their grain to the railways, and on al
stdea business just now ia dull enough to suit tbs
most phlegnatic.
The demand fos New York Exeharke IL compar.
ati1ely light; but It ie sufficient to keep the mar
ket decidedly close. Most houses contInHe to shlp
eastern funds to nuke It, and hence the striugency
Ii not serfousfy to be dep1oxed, for the West will
be well lid Of large majority OF what ia now In
circulation Our local banks can supply tho de-
ncicncy with the addition Of Treasury notes, to
their own profit and the satisfaction Of cur people,
Prices 1emain unchanged, viz: par@K bnyi1gg, and
to customers X Per cent. selling, and to transient
buyers 7<@H are the rates. Some Of the largest
banks sell only to customers.
Gold is NOMINAL at 1441H - the buying. and
per cent premium as the selling rate. Market
dull
MnwAuxzE.-Thc Seatinel Of this morning has
the following:
The demand for money ID necessarily small,
Wills exchange ts quite firm The offerings Of
produce paper gre freely taken at the usual fate,
hut notwithstanding the limited amount offered.
or bankers show no dispos&don to extend their
line OF discounts beyond this class Of paper. We
quote:
.- Buying. Selling.
NeE , York Exchange. K@z prem. * prem.
Treasury Notes. .-.H94 "~ "
CNcIKRAT1.-1he Gazette eays:
Since exchange bag worked close, and it becomes
necessary to eonss,t bank paper! tie notes Of Ohio
ba1ks aIe 1ound Of little y2lue for this purpose.
bankers. Demand notes are very convenient for
making exchange. but being the best currency are
getting scaIce Next to them in the scale is Indt
ana AZ currency. The banks Of that State redeem II
rency. The banks Of that State furnish exchange
OF Treasury notes when called upon. Ohio is at
the foot Of the ranking column-khe banks having
been authorized to suspend, are disposed to take
Treasury notee, as we are informed Kthe banks Of
Ohio therefore, persist in refusing to take up their
paper when returned, byfnrnishing Treasury notes
t Or exchange for It, twill soon be st discount
here Of # per cent. The1t Was light demand for
at 70 per cent for good paper. Exchange was firm,
| with a fair demand and light receipts There was
not much inquiry for gold. We quote:
| Buying. Selling.
seM se'S York k'.-...s..-~..... paf prem.
1oia 5lG1 prem. 1E@2 prem,
ST. 1or1s.-We quote from the Democrat:
To-day closes week Of unusual dn1lness in the
money market, and in exchange and gold there has
been aome decline since Monday. There has been
no change, however, for the last three days, save
slight advance In uncurrent money-Unioa Bank
/ Which now closely approximates in value the is-
sues Of other uncurrent banks There was rather
more life in the uncurrent money branch Of the
| market towards the close Of the week and te.d8y
| the demand was more than equal to the supply