, 1862-01-20
FINANCIAL AND COMMERCIAL,


SATURDAY EVENING, Jan. 18th, 1sG2,
The week closes on very quiet money market.
During The early half Of 1t the banks did very lit
tic in discountinG or anything else. For the Last
day or two some Of them have been accommodat-
ing their customere to fair extent and prospects
are better. Money was uncomtortably close
week ago, owing to withdrawalo OF so largea share
Of our currency as specie funds, and unwilling
on the part Of some Of the banks to part with
their funds, and inability on tho part OF others.
Currency consisting Of Eastern money and Treas
ury notes Is easier to-day, and az a consequence
n. Z. Exchange is held rather more firmly The
market, however, is abundant1y supplied. Tie
week therefore closes on IN easier and more hope
full market.
The supply of New York Exchange is still rery
much above the demand Although held more
firmly to-day, owing to better supply Of currency,
we apprehend it is slowly accumulating in the
hands Of bankers. It Ia taken from customers at
par; selling rate 4 Of per cent. premium.
Go1D-The demand for gold is light The tc1c-
graph informs us that it fell to-day below z cent
premium In New York. and as the West was never
so Hen supplied as now, it is dull here. The buy
ing price for the day has been 2Dak, the higher
figure for round lots. Selling at 2s<G3 per cent.
the higher for retail parcels.
MI1wAUkEE.-Thc SenEineI Of this morning
saye:-
The money market was quiet and without mate
rial change yesterday. Currency continues ex-
treme]y scarce. Exchange steady We quote:
Sew Sea. York Sight: R5s@; p;em, p{s@ pIs@:
| The paying off of the Ninth Regiment has nut
come gold In circulation here.
| NATIONAL FISANcEs.-The following is from the
| \. 7. Erening Post OF Thursday:
Most Of the bank committees in Washington
have separated and'gone home. The Boston dele
CATION passed through this city this morning but
| uue or TWO Of the New York committee still re-
main in Washington to finish up some business
The substance Of the present understanding be-
~ il as follows:
Mr. Chase proposes to have the law of July 18th,
1861, now existing, authorizing him TO negotiate
$3.50 Coo 00u In Yar1ons ways, re-enacted, omittng
the clause In reference to the issue Of fifty niiona
| Demand notes.
We understand that Mr. Chase has issued already
about $2s co.. 00o Of Demand notes, so that under
the existing Law, to which he will be restricted
can be re- iseued the use OF these win be sulcien
to meet the current disbursements Of the Depart
IN ieeuing these $3.50 eco, be proposes to pa,
out notes bearing 365 per cent. interest, payable
one yeaF atter date u denomination Of IS, los
are again convertible into si1 per cent. twenty
| year stock.
It is also understood that none Of the notes ar,
to be made legal TENDER bnt that the bank are Il
receive them on deposit, and pay them out.
This plan, if carried out 1t is believed By SOM
OF our leading financial men, will lead soon to 1e
sumption OF specie payments.
The weakness Of foreign exchange and gold i
adduced as one Of the trst favorable symptoms
aud If the Tax bill is speedily adopted, which ri
hope will he the case, there can be no doubt tina
that will be the result.
NEW York STOCK MAEkET.-Tlc following at
the closing quotations in the New York stool
| market to,der.