, 1862-04-21
FINANCIAL AND COMMERCIAL.
MONETARY.

SATURDAY GfEAIkH, april ", 1864.
The opening Of the Straits already in meas
ure vitalizes monetary transactions, and our bank
era look for active operations dnring the coming
week. We may add that they are amply prepared
forany emergency, and would like to sec q "reg-
ular rush."
Exchange is plenty and quotations remain with
out the slightest yariation-for X buying 4 sell
ing. These are figures that have held good for
many weeks past and we believe are satisfactory,
or ought to be, to buyer and seller.
Gold is in very limited demand, and We presume
will continue 60. The price seems to have settled
down to IL buying; X selling.
The Legislature Of Pennsylvania has passed
law requiring the banks to resume specie pay
mente. The notes Of solvent banks in the State,
and Government legal tender notes, are, however.
to be deemed and taken currency for al purposes
as the notes and balances due from specie paying
banks. State law, however, cannot overrule the
law Of Congress-, which makes Government notes
legal tender and the same as specie.
The total value Of the gold, silver, and cop
per coined by the United States mint aud Its
branches from 1792 to the 1st Of January last, is
nearly Ole thousand millions Of dollars. Where is
it?
The Bank Of England holds SIG 81, ,7o3 sterl-
ing, in specie, or s. millions Of dollars.
The adytces from London speak of great gu
pe1abundance Of money at 2k@2H per cent.
On the continent Of Europe the interest rates
are: Paris 37a per cent, the Bank Of France hay
ing just reduced its rate from to 81 per cent !;
Vienna, per cent: Berlin, 2D3-in open mar
ket; Frankfort, 81 Amsterdam, 8; Hamburg, ~
A11wAuK1E::-The event go anxiouslg looked
The SiIAits are open, and inturlake NAVIGATION
fully resumed. Is 3 result, abont two hundred
bushels of the wheat that has been lying for
months in our warehouses. moved eastward ycs-
te1day, to be followed By over TWO millions bnsh-
e1s still awaiting shipment. This immense move
ment Of produce VII, q course, impart new life
to business but under the present unsettled state
Of prices it will have no direct influence on the
money market for some little time.
"e1epeat our quotations @ as given heretofore; hereto
New York Exchange. .X@. < prem. K prem.
SRsejs;::s;:.....1X@11 vo,.: :. a@M :.
treasury S0fes"-''.@ -ssafiaS
NEw YonK MONEY MARkEr-The deposits in
the Sub Treasury, for which the Treasury allows
a. amount our a,e 70 over 81 twenty s mion
expected soon to reach the limit fixed BY law
Of ffty millions. The associated banks will use
| twenty millions for the convenience OF making an
| inteteet- bearing medium In which they make
their daily settlements at the clearing house. AS
these deposits can be readily drawn again at few
are uo hindrance to q free use Of bank circulation
or credits in the making Of commercial loans.
Government certificates Of indebtedness are IN
| good demand, showing also the accumulation Of
| money These have now risen to 97H. The ten
dency has become strong, to lower rates Of dis
count and interest tall loans can be had now at
cent since last week The Government is now
paying ont the new legal tender demand notes
5sf a @ honh hs
| being rednced in amount, yet there is an actual
increase in the discount Of business paper and
| hF thr hanks SELLING their {ThTer71nf1t at tncka