, 1863-03-20
FINANCIAL and COMMERCIAL.
THE MONEY MARKET.

THURSDAY EVENING, March 19, 1853.
The drain Of currency Eastward to make ex-
change continues, and its effect is scnsibly felt
curtailing tho freedom with which discounts have
heretofore been made. In fact money is decidedly |
close, go much 60 that only favored customers can
obtain accommodations at some Of the banks. |
Paper Is very rlgid1y scsutinized and collaterals
must be undoubted.
Gold opened in New York at 1541< and on these |
figures the business OF the day was based. The |
brokers paid 153 and few ISL. just at the clos
ing here, dispatches made the rate in New York |
1b514, but few II any transactions were based |
uponit.
The price Of silver was 1io@t45.
New York Exchange continues close at u buy
Ing and selling to customers, with the usual e,-
cepton By one Of the banks whose rate is r eel.
ing strictly to customers.
Old Treasury Notes continue to bear the same
price az gold. New Il buying, and Il selling.
Indiana State Bank 1903; Kentucky tho same;
Ohio and Iowa State Banks; and New York city
u premium.
NEW STAMP DUTIES on pnoA1.zonr Norze-
We published day or two since the substance OF
the new law In relation to the stamp duty On
pron,itsory notes. We are permitted to publish
the following dispatch to one Of our leading bank
WAsH1sa7os, March IS, 1868.
| To ". F. CooLBAuGu & Co.:
| The new schedule Of stamp duties is now in
force, and the1 penalty will be- enforced for their
nonpayment. J. F. EsTEE.
: We publish the main features Of the bit.
Any memorandum, check receipt, or other writ
ten or printed evidence Of the amount OF money
| to be paid on demand, or at q time designated.
shall pc considered as promissory note within the
accoIdihsy; and that any Inland bill Of exchange.
or order for the payment Of anv sum Of money
exceeding $s, otherwise than at sight Or on dc.
tic dnies prescribed IN schedule b aTe the to1-
loving stamp or stamps affixed thereon:
one Cent-Cpon every sum Of two hundred dol-
demand, O. at any time not exceeding thirtythree
days. including the grace from the date o. sight.
days pa'e 'efessd and and not N exeeedng s ding
si1ty1hEec days, including the grace, from date Of
.Ihrfe Ctnts-H payable at an! tint, not less
than sixty-three days. as Aforesaid, and not e1-
ceeding ninety-thrce days, including the grace,
from date Or sight. -,
than nincty.threc daye, as aforesaid. and not ex~
cccGing four months from date Or sight including
Sc Ce;:t*-n payable at any time not less than
four mpntha, as Aforesaid, and not exceeding faI3
mc nths from date or sight, including grace. :,
Ten CtHts-K payable at any time exceeding
six months from date or sight,
To save constant and cumbersome reference to
the old law, Mr.. Rand will issue on Saturday q
card containing q statement Of the stamps zequiz~
ed on each class Of notes, which our banks and
business men will ind 1t convenient to place be-
side their decks for reference. As the stump lu-
ties are very much less under the amended law
and the Government will rigid1y enforce 1t, busl-
ness men will find 1t In all respects cheapest and
eafcst to strictly conform to ss provisions, espec..
al]y MS to having stamp of at least the requisite
amount upon every note.