, 1862-06-17
FINANCIAL and C0MMERClAL


= AAAAA<AA~&%AnA AAAsAN |
MONETARY. /
MONDAY EVENING, June 16, 1869.
Business at the banks WAS active, and the de-
1oand for money large; hut they were fully able
to accommodate customers. At some OF our lead
Ing houses it ts curious to see, when three O'Clock
aproaches, the crowds waiting their turn to get
their well filed bank books into the hsnds Of the
receiving teller. One can here got an index to the
activity which prevails In business circles, that s
not to be mistaken.
New York exchange continued abundant. Most
OF the larget banks take 1t from customers at par
and cell at u premium to customers; but 4 Il
charged BIZ many houses on email drafts, and this
is the rate on collectloua,
The market for gold was decidedly fever1sh- The
buying price was 505K@6 per cent premium. the
upper figures towards the close. During most OF
the day 5H@5& we're the mites. The selling range
for the day was GOT per cent. About 61 was the
prevailing figure. OF course the premium here de-
pends upon the rate ruling in the New York mar-
ket, where 1t vas 631 premium.
In the absence Of any advice5 from New York. 1t
Is believed here that the rise is owing to the pros
poet Of the passage Of a law by Congress, author
1zing new issue Of S15o, ,00o 600 Of Demand Treas
ury Notes. The price Of gold for the past few
months, and certainly the premium 1t has now
reached, ought to be conclusive and cause Con-
gress at once to pass law to tax soundlY
the issues Of the banks The only really safe thing
for the Government to do is to tax them out Of ez
1etence fast IS due regard to an the interests
at stake will permit Let this BE- done, and 1t can,
and II the proposed Inv is passed 1t will have
permanent loan from the people Of $500 0000 000 at
fording direct saving at per cent of918 900 600
In fha of This ia ync
| than fourth OF the entire expenses of the Gov
ernmcnt, previous to shu oreaking out Of tho re-
beliion. But the worst feature In this whole mat
ter, Il no restraints Is placed upon the banks 1a
that they will cuntinuo to Hood the country with
their iesuco until thcy must In time become nearly
| valuccss, ending MS 1t must. when pay day comes
| In widespread bankruptcy and ruin. VIII not
Congress aavc LII from those fearful disasters to-
wards which tho country is rapidly dritting7
| TREASURY NorEs.-Thu new issue Of Treasury
Notrs Just now Is more plenty, and they pass very
little, II anything, above ordinary currency. Tho
old issues is bought to-day at ~ premium
M1LwArKEE.-The .seatlnd Of this morning saJa:
The apparent casing up OF the money market on
Friday only temporarily, for most Of the banks
represented currency as uncomfortAbly close on
Saturday. In some instances New York draft5 were
sold at per cent dIxeou.t and f1om to that
obansd ,eo o the
So So.s n::9:99s e $x f's; rs x$ pre-"
" :" new. par Il
N. T. EXCHANGE IN CNcnsNAT1.-The GdzetG
| Of this morning says:
The large amount Of exchange created by ths
traffic in Treasury Notes has given q decided
downward turn to the market, and bankers reflset
to buy at par to-day, except from customers; AM
above par. 4 large proportion of the bnsines
was done at one-tenth and ouc-elghth. 4 quartc
WIS exacted only in What may be called the re:ai
, way. We reduce our quotations oneeighth Of
Se% e9d 4zs5s Si;@Paa a4em 5xc55 PFs1 pFe1
pe9s Of g1ain ION Detroit ind when their propsi
) u is sold, that the banks cannot pay the check
Of the parties purchasing, and try to force Ne'
e,ghths per cent premium, entailing loes to tha
= amount on parties that do not want the exchange
What will be the next Buffalo sWindle? What
the community to think Of banks that cannot pa
the checks drawn upon them, when the partie
drawing have funds IN the bankf We presume ther
will be but one opinion, and that is that the bank
t By the way, these game Buffalo banks were yer
anxious In getting up the elevatfng5 swinole. br
a1y a Of he oTneFs o%ed then 50 mneh
o rob the West. The question naturally arises, d
a these men owe the banks 60 much that they caI
pia s " Te s noR
q mammoth sWind1es In Hufalo-the eleyatin
e ewindle and the bank swindle.-Detrost Tribune.
MonE ;5sDs a es6fGn s6fan fb Saby
a refuse the bills OF the Daniel Balls Bank, an
y .Ie5rin's Exchange Bank, which have recent
n crop will coon be in market, and the wild.ct
n bankers viii, as usual, attempt to put ont the
l. | issues at this time: The business men Of chicag
J. I a1arge majority Of whom are stunp-taI' epec
= latoTs, bave initiated the movement bT attemp
ID ing to drive ont the circulation Of eastern none
Paas4s en e tst e pfae
2 wheat buyers Of Jackson always pay out par eas
Is ern banks.'
None Of this money is in circulation here, nor
State Plenty Of good money is in cirulation, a
l. farmers should demand and receive 1t for the
wool crop.
The earnings By the Chicago, Burlington a,
Quincy railroad line we're:
p. For first week in June, 1852 81, ,46s
ye Against first week In June, 1861 43,693
II Increase. ....,...................... $8,T7o
=. BOSTON BANzs.-The statement Of the Boet
t; banks for the last week, compares with the pse
g. ous week, and for the corresponding week OF Isl
r. as follows: ~
=uns JqBS a1z 3gsz 1Rae .fa 3seays 3s9yt4s t19
SsRsii5,i 5SRssi5'iss sasiss iss 1Si ss55Sis ' sS5
Ihe Of The present week - e,
VIII Inc pfece0ng SHOWS an increase q bl os4's
~ IN tne Items OF lo8n6 anu discounts. $aS 70 In
sgat1R 9 efas 5 s2d decrease Of In deposi
y @no e4o''oo1 ~ epsee' N
j. foAE1GN DRF Goops l8PoI1s;-ihe IouoW1
e- u tAE ComFaidsifG hL1tet1eAt ~ tua tAtpoi 70
he 1ore1gn dry gooae az me p9ri ol New iofS tof
n | week ending June IL and since January l..
al Enr III. ,aak 1ea;n 1881 1862
~ foI t9e Meek' o5S ia; g, ar5s nco a9oS
qs TIN on mafEet.. 1,137053 z70,57s 1,184;
IN Since January 1. ..-
IT. 20 a1 4S ~ H s @
Or | f.7,n.,, ,,r poor 1ar ~, D,u,o., rha
hia tcAe9 Aan hosh lsEANu ~ ~ tshiahoao niaa
j. fs1ao5 Ta3trcad Shave tha fn1o1rirt7 "a the hr
nj, 1sianu iainoAa snoWs tnE tooMtAs a. snT ~ ~
on Gsss ~ tAc luao All 'no i1s onea7 eooAn5 ala
ar / oAs Aco5s ...........
al Earnings from passengers. $254 ,01.12
de-. Earnings from freight. 75;,1A 4 .. ~. ~,
md an lutLease ~ osea ene 1sn wn oe
ni o'1 ESpeuses the came time Is months) ..
,aa including extraordinary repa1rs.... 621, ,3st
-
sa- 9a Cost Of new ss TorE. s5,s;5.ia