, 1864-01-18
FINANCIAL AND COMMERCIAL.
TIE MONEY MARKET.

SATURDAY EVENING, jan. 1e, 1861.
This evening closes week OF seycso ass1ngency In
u money market operntofs havcfound it iupo.sl-
bic 70 nnd adequate accommodation, II lndc9d they
could IND any. The OF the strngency has been
heretofore alluded to- but repent two OF the most
prominent viz: refusal OF eastern banIs To zai5-
count produce paper thaseby forcing our bankers to
cAtzy the vast amounts of produce IN tho hands Of
western holders and operators; and second orerrad-
Ing In almost Ill dcpartmebs and should
be added the fact lhat business u done almost
entirely on cash basis, thereby requiring vastly
funds do It, How long this strtngeucy must last no
one dares to predict; but ost of dua1cc1s think
money will be much easier within the next thrty dnys
/ New York exchange was very close in the morning.
some bankers readily paying so@a5c: but towards the
close 1t rcceded little. but still ye1y close. The
usual figures were buying and the selling price.
These rates to customers; outsiders pay X. ~;
Gold opened in Wall street at $50 ak Xxx d.
155K; II, ts5A: 2p. M, 1ssH; 8, 157: 3 1s74-c1os-
Ing rm at The very large rise ncar the close In
Wall street ns not known here till after bank hours;
and OF course the business OF the day transacted
on the lower figures. The usual buying rnnsa WAS
155915sk. ~ - = s.='i
Silver firm and advanced to 1Ase1p.; Legal Tender
notes are nrm at X buying and " selling -
We elearn that uew feature has been introduced
Into the New York money mnrket, md there Is some
talk Of its becoming the practice here The bankers
and brokers are requiring interest call loans to be
pad In coin. This may have something to do With the
Sudden rise In gold. Tho practice Is borrowed from
transactions in those bonds for If capitalists aul
bankers can get per cent aud cren moro Ia coin,
loans will become better than thai s2os. The fact,
however, that Government s2os hayethe property Of
the entire nation for security Will nlways make them
the taSorte Investment above mere Individual loaps
s.. THE MILWAUKEE MONEY MAhEHr.-The Sectlne,
Of Saturday sayB: The leading features Of tho money
market yesterday were tho sane heretofore noted
1toney Is represented to bo getting c3osa but Is not
yet 80 scarce as to materially restrict business Ex-
ff$aE ~a1*fr N1r,nn -
MUM selling, and hear Of some OF the banks psy-
ing as high as sH.n
the C1xc1axAr1 MOVER 1ARKzr-The Gazette
says: Money was shade easier to-day, hut the de-
manda still In excess Of the supply and rates wers
firmly maintained at 10 percent In the opeil market
Exchange was In better supply, and ensIer but not
lower. Some Of the bankers were on the street ~
sellers. Ne quote par buying. and 11o premium se1-
ing. Gold vas higher closiug At s. premium bnylns
and 6seAH premium selling. Very little doing. No
transactions in silver. Orders On Washington steaAy
ut 1K9a dis. The market Is we'll supplied. Vouchers
aK dis; very few odering."; -
Tnx MEMPHIS MONEY MAnKEr.-The following is
the condition Of tho money market ut Memphis on tho
t4th: .''
ksss.say % ss'ssa fas !s
prem
Eew TorS Eiehaase, selling. spar ese
Tennessee IanEs sss dis
Louisiana 1aRks: <@lo dis
ps4
Chicago exchange. ..................:..:.... par
KTNosHA County BASK-We understand t1St the :
sockholdeEsof this Institution, have recently added
nifty thousand dollars Of cash capital, and hare for
warded to Washington The necessary papers to enabo
them to organize as National Bsnk, under tho Cur
rcncy Act Of Congress So aoon ns the necessary pre-
ltnnar1es LaTe been gone through. the bank will
he ready for business under its new title. ~, 4
TIE CIT BANK.-We understand that the CIty
Bank Of Kenosha has perfected its organization under