, 1862-02-14
fMaNCIiL iNn COMMERCIAL,
MON ETA RH-.

THURSDAY, EsES1SG. Feb. u, tE5.
Currency to-day il reported decidedly scarce..
Forwccks past II bas been passing from the yaats
Of bankers, through tho commission men, to t11E
hnEds Of the people, and the "out-So' has been
far less than the in-come,' az is evidenced from
tic suct that the bankers find themselves
''short.'s Fora time daring the carly part Of the
packing seaeon. our bankers sent exchange to the
Eastern banks and received their issues in return
on terms satisfactory to both Several of the
EoEnd Eastern banks arc now declining any more
sfch tzadcs= as they can make no money by them.
They can't sell the exchange and they don't care
to trust the New York banks with too large bal
aDce for more transient circulation at the Vert
Treasury notes have betn especially acceptable 10
the Western people, and it is believed most Of
them are wisely keeping their reserve funds in
this klLd Of currency. Hence rea1 scarcity Of
currency is beginning to be felt. The only fear c
haye is that Eastern 81 wild cat conceEns-yery
different affairs from whom most, perhaps all ofonr
bankers have for weeks past been receiving chr
rcncr-will supply the wants Of the West before
the new issues Of the Treasury be prepared for
circulation.
Business gencrallyis is quiet, though the ordinary
demand for money is considerable. The pork sea-
eon is drawing to close; but the grain trade is
improving to make up any deficiency.
The demand for New York Exchange L. decidedly
dull. Very large amounts were sold in round lots
at par today by the banks. They still take it from
customers at par, but most ofthem avoid It when
ever they. can. Nominal selling rate X prem.
Gold il firm, and some parties sold small lots at
~. but the more usual selling rate was per cent
premium. The buying price WAS 31l@3E- The
market here is governed almost entirely by Wall
Street. The price is mainly speculative, as there
Goes not Eccm to be any considerable demand
here.
MnwArKEE.-Thc Sentinel Of this morning
says
We have to note continued scarcity Of currcn-
| cy. ard q very dull market for exchange. The
bsnks would not pay aborG Par Eestelda exeept
par for want Of curEeneE: In consequence -of the
aapSs H 5eE ge 1 M Nsw Ne the ss 1sfSd
s os eh6 Se2e shanse1 was
Buying Selling.
Eastern Exchange .paR@; = Prem. A@ x prem.
| Eastern Currency. y psena.
C1sc1SNAr1.-1he Gazette says Of business on
IhuEsday;
u our money market there continues to be full
| supply Of currency, and good paper commands
| money readily at 10 per cent, Exchange ruled
| firm, but. sestcr1ay's extreme quotations were
not the e1t o. to- aayanss Eiees tq
| value Of Government securities at New York,
| proved failure. Nearly all tho houses drew to-
| chiefly to customers. With two Or three dealers
| y was the rate. The buying figures were par
| and * prem Gold WAS firm 1T 3H@4 prem,
| but there was not much demand for it,
ST. LOUIS. The Democret says:-
| IN our money market there vas nothing OF im
portance done today, and the same routine Of mo
| tions WAS made with small results Exchange Wa.
little scarce. but the rates remain the same
| currency is scarce. and the difference betweel
Missouri money and Treasury notes is slightly dI
minishin.- Treasury notes, however. are the fl
| yo7ite circulation. and most Of our bankers art
continuing to draw against them az exchange
Gold is not in demand. and the nominal rates hny
ing aud selling are 4@5 per cent premium for Hls