Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1863-01-08

=. =. . sett,ed fact in the minus y.
majority of the financial men Of the c0uA - The
;.sue of legal tender notes must be con' ;,
;,,ued;ate demands against the 0ovefn".
mensa and there are many Of our soioiei'
not received any pay for the last four or 81 1000
hill has been introduced BY Mr. wnson' M. ~
the Senate to authorize the issue OF MY
rrea.urv Notes for the immediate use o 80 81.
cbase. The House viii undoubtedly concur
ssnate. because no other financial measure -
t.red 70 answer the immediate wants Of INC
The following are extracts from the bill fePo'..N
the Committee on Ways and Means 70
and means for the support of the 80, ooo -,
ss,ton rst provides for the issue Of hsif
twenty wears, in per cent bonds certif.
vasriv IN coin may be sold for lawful money. notes
;ndebtedness or interest bearing treasury S
provided that the whole amount OF bonds o oo0 ex.
sned under this act shall not exceed NAV
cent that the $40 900 of $40 treasury no'es r
be fuuo ed in 20 year bonds, and further Issue ~
purpose may he made. ,.oa ,n;llisns of
dollars IN three years. Treasury notes bearing cent
at 647 l.2 per cent. per annum, being LIZ Pc con
Der day on each 800, payable se1i-annuay IA re,
psvabie TO the creditors of the Government sno rs
ceivable for all dues to the Government eA'ef
toms. . :. am 900 600 in
LEGAL tender otes in the usual form. :. x,aca
Section fourth provides for fractional notes A II she
Treasury buildn &, not to exceei sso,ooO,ooo.
We can see man evils which will arise from furtn
er issue of Treasury notes; but the other hand we
see no escape from it, Secretary Chases banking Dill VIII
not meet with such z, eral favor as he ancpa's
to rely wholly on the ale Of Government SECURITIES
defray the expenses of he would be the means u
reducing their market Va due to such an extent InA
those who have LIBERAL aided the Government
the expectation that they would be Protec'eo
any movement to reduce the value OF fner secui''
would feel greatly misused If there ars more
5000 49, ~ ~artnsaas'si'' SO al as' az.
rency, let those who desire to make investments
pose of the notes in the way prescribed BY law II tn
course should be pursued, far as the Government
concerned it would amount to the thing as Sec
rotary Chases banking bill, but it will not afford spe
uators such an opportunity control the market val
ue of the securities.
Anticipating the further issue of demand notes, it is
generally believed that Gold will keep up at the pres
emit high rates.
decisive victory is needed to give tone to financial
matters.
NEW YORK Markets.
FLOUR AND MEAL-The market for Western and
State Flour is active, in part for export but
chiefly for the home and Eastern trade and the low and
medium grades 5 l0c frmer, Influenced by the
rap N shs &c asa r
State and Western IS 65 80 for Extra state 20 oo
Rye Flour is Arm and in fair demand sales at 50 80
5 20.
Corn Meal is in fair request, and is firm sales at
IS 80 a for Jersey and 81 SIS for Brandywine
Buckwheat Flour is in fair demand at 81 so 10 for
ordinary to extra per 100 lbs
0RAIN-The Wheat market is fairly active and
prices &c higher, influenced by the rapidly ad-
vancng rates of Gold and Exchange and the absence
of arrivals the demand is chiefly export and Is fair
for milling and speculation.
Rye is quiet but firm small sales at at sSc u w
for State.
Corn is dull and heavy, owing to the advance IN
freghts sales of AZ 900 bush at 6s SIC for I'm
sound mixed 50 SAC for Sound do and SIC tor Round
Yellow.
HAY-A fair demand is noticeable for good shipping
qualities and the market is steady sales at eoc per
loo lbs.
hoPS-The market is quiet but steady sales new at
l6 &c, as to quality.
WOOL-Continues in good demands the improve |
ment, with some speculative movement, owing TO the
rise in gold sales of $4,000 lbs Native Fleece at go
sc, to quality, chiefly at go &C., 10000 lbs super
and extra Pulled at 81 l2 Csc 300 bales unwashed
French at about SO l2 and 100 bales Cape private
terms.
PBQVISIONS-The Provision market is better sup |
Piled and influenced by the advance in Gold, prices
constantly changing that reliable quotations
be mBde.
TALLOW-Is in good demand, and the market is |
frmer sales of 900 lbs 10 3-S 10 Sic for West
ern, 10 lis 10 76c for Southern and 10 "a lie for
City, cash.