, 1864-07-06
FlNANCIAL AND COMMERCIAL.
FINANCIAL

TUKapAT EvMIN8. July 5, 1861.
The demand for money to-day IL beyond precedent
With wheat ut S20o oushel, corn $t+s', -four 5loa
barrel, whisky 4l.75 gallon, and the INN ense darT
transactions nt the Board Of Trade, 1t Is casy to un-
derstAnd the cause. By logical necessity bay 1T
the tn2 prices Of last week deslrous Of holding
On to their purchAses 30 long q dolla- can be OBJ
ta!ned, and II they sle finally compelled to rea.
qush the!r held 1t will be after every avanro OF
cspe through the eniency Of bankers hae been cosed
In the ReIeral rush. 1t Is not improbable that many
legitimate dealers, who present No records, may
have suere, disappointment; but 1t Is the detesmn
slen Of our best bankers that such shall not be the
case possible to aEod It. Certainly no speculator
will be accommodated At their expense
E1charee Is rnorc hrn today. a1thouge the demand
Ia not large. The ruling quotations are u discount
buying: par selling.
sThe Gold market has BEEN more quiet and less
nuciuatng to-day, The range Of quotations. a. I'll.
eernphed TO James Boyd. . CLARK street, % fol-
lows:
1oa; n:............. 2$s = m..."............ 2ss
Here the r,artes opened lat 20. advanced to 2s5.
and closed quiet but frm Silver Was "a to Is cents
below gold, as It hea no speculative value. Go7esR-
ment 22o advanced PER cent to day, tht selling
Irise being at 1SA.
demand for Land Warrants for the purpose Of loca-
til lands In the West. Preston. Willard 4 Eean
R.nkers No. Cark stree. orc buying At ths highest
mar ket Price. .
Tnx NEW eco LoAr.-Nr. Harrington, act.
Ing Secretary Of the Treasury tslegTaphs to Luther
Haven, Esq, United Rtates Depositary Of tnis city
that the proposals for loan, dated 18th Of june 1884,
for rs COO, being the amount Of unaccepted Offers
under the notice OF June 9Th. Is Withdrawn. An PRO.
po.ala received at the Treasury Department viii be-
returned the ofcreFs wlta the proper order upon
which the two per deposit will he rafcnded.
Tnk NEW 6EouETARY Or TUE TKEAsUHY,-Tha
New York Tribune {noney artcle) o. Saturday. saws
the appointment Of Vim. Pitt Fessendcn to tbs Treas
ury Department gives great satisfaction In nnsn c,a1
ctrc1e and parties Of the widest difference
mite in approving the nomination. Heis thorough
business man. OF ample fortune, aud reputation for
integrity Fever questioned By bis stsonges. political
oppcnents.- HIS accession to tbs Treasury Uepart.
ment closes the contest which has been carried o1
between tho State hanks the National system and the
Government, snd st IN early day the entire banking
and financial resources Of tho county will DO found
acting in harmony with the Treasury Dep ar sment,
All his aptecedents pledge him to ccneeryatIye
policy. and the pnblic will be greatly dI4ap pointed
II he does not ut once take active steps toward re
storing the currency to sounder position,
TIE FINANCIAL POLICY OF TIE SHw sxoRErAHr
or Tue THEA6uRT.-The Washington correspondent
Of the New York orH teleg1aphs On the 1ss Inst the
following as the financial views OF the new Secretary
Of the Treasury:
gRsxIstesa ss5e thst S: sesassi Resy VA s. n;
mpossse fof him 70 depart VERY xidey Rom ~ sRs Re
p ans he,ctoforu pqrsusd Ter Tine At ieaet: From
petnts IS ssns PIT q the nnanssi pfostsn%o IF
rspeai 81 the gold I'LL, and ii, restrictions up.
on commercial rtansaetions.
& e msks
nort htw per ding for loaas tn the m:r7es- ..
tn @ saaa q
ot the government. and t. aowly but surely redace
stoepsEe q IL ri Spea tSs S.4.e banks. s1a
sueh s iKsrF iii more