, 1864-04-17

FINANCIAL AND COMMERCIAL,
THE MONEY MARKET,

fSAIUNoAT EvHxty0, April 16, 1857.
The demand for money Il not heavy A. IL
the rlpinE days in the carly part Of tho wesk.
Some bankers report TINT largo number Of customs
ers have sold out and paid In large sMo1nt OF
waIe IN while others complain otdallness and luac-
tlon. Generally shB market may b quoted quiot,
with fair demand. Rates OF discount rcry firm at 10
per cent. The transactions OF the past week have
been really enormous.
Adrlccs TO soH.e Of on. bankers rem Nov York re-
port money exceedingly scarce, bordering alnoat
upon panic Two prominent reasons are asslsaei
forthc ing<ncy. First, taa movements OF Secretary
Chase; tho action Of the Chicago Board or
1rndc N throwing ont tho unconstitutional wildcat
tsAsh. and placing the buatnpas OF tho Vest 1pon
substantial basis. Wall Street says At once, "ff .be
Northwest taaoos tho lssues, bankers through
out all that regIoa will draw down their balances
ettrnly. requiring Of us ONLY Gsecubscks, and VIC
must prepara fer them" OF course Abe mills will
redeem In The sae material; but they havo
from three to ive times mary liz aaoas as they
have constitutional currency to haud over. they
will be obliged to call Ia their loaEs
gamblers of ali kinds havs been lnhAtine aud denllng
tie husiness channels Of the naMon OF course there
Will be contraction and sxInguucy. and perhaps
depreciation in tho nominal prices Of almost erery.
thing: but the Change will be healtly aud In all 10
specta Tor The good Of the couutEy. The Board;ot
Trade, and tue Chicago Bankers, mad business men
will athere to the stand thsy lsvc taken, and Wall
street and the rag-ms everywhere nay a. well pro-
pare fer Whatever effect will haTc upoa them. The
cities aEd towns of tho eat will second The eorts Of
Chicago to secure ntonnd. reliable currency %ehave
the following notce from the Peoria Bankers.
stpsF tle following circuiauoa only: A 'N' 'A'
Sationa! III aithsaas hanK 6affsncy. 5srasi
State Bank Of lows .,
1ss;s R.ss S.sE s:!is & ate's Ss,s g. Indiana. !;
Solvent Esnks q I!l!ugis. -:
S;as siSssa
rcon4, A.Fss / Fs1s;,fs s. III. Co: .,: -: "
The date shows that the Peoria Bankers were even
ahcsd Ct our OWL IN this good work. Lot It 60 On,
rudre s.ringeucy Ar- Chase Will hand over sup.
ply Of End thus the nation will be saved
large amount oftnesest, and the country will hayea
us!sofm currency. Of whose soununess there cAa be
no pe ksihle doutt+ -" 80.
The subscription to the 10 10 to-day at the Third Ma
tional Bant, wers alxty-seycn thousand saven hue
tred dollnrr., Al the Second National. they wern
<:7aD.
The facts trspsphng In Wall street for some time
pass AID especlaly the effect Of the action OF the
BOARD OF Trade uvon that focus OF Maumon ouEhEto
satisfy Consscts and the entire country Of the b,d
policy Of mating all the National Banks redeem
IA New Yosk. It sill place too East accumulation
ofespltal aod heuca Of power in the hands Of .ew
men. TIE National Banks of the Northwest o1sht to
1edterl In Chicago tho immense i.ade Of this eity
Gan probably employ IN legitimate way tho deposits
The baats Eonad kuep hert-a policy that would be
far better than to place than In the hands Of Wall
street stock gamblers This D,nIs further South
should redeem At New Orleans and sClncInnau, aod
those npon The Paeihc ct San Francisco. Let New
Ycfk, Philadelphia md Boston hsye the Mtid1n and
EAsterr S:aeeA. j.
New York exchange is rs.h.r easier. The selling
rate Is q1tte un1form at Y. buying r. Possibly 58
sc may sometimes hare been paid. :
Gold In Wall street, according to dispatches to
James lloyd, Ekq-. Banker No. Is CLARK street rutrd
as follows; los. M. s1.x 1c:l5 81 1sx iz3o, S111;
IT. IT,. s.x; -, $1:aA; closing at $50. ID Board.
At ti,73; T. $1s9A. Ths market here was fcye.tah
and unsettled, the demand coming from brokers who
xisl ed to .ke up short sales- They paid about n
Silver <1.6stsl52. Canada currency 9l.ss3t.s1 L..
sssl hnder 1otes hrm: buying IaK; selltag K9l 2
cent aoyefErert so bonds huYins {1io: sailing
ab< ut The New York rate, viz: 3l.11h.;.: :" 9:
uscrrRxxr.-Scw Jessey Hc discount; Pennsyl-
.a1.a xel per cent; Michigan x; fadianA aad ONO
free banks i discount. =. i.
TUE sin F:AIc1soo' MONEY AAnKx1.-On the
"a of March there change in the rasss OF d.s
CONT, Prime paper Eas Fead1ly p,ced at1xoe pcs'
cent per month Bank, aud at per cent IN open
market The receipts Of the Tseasury ou tho s.hto
the sad were oFt. S1sotto. The.o fatr but not
large supply Of billion On the market Gold ruled ut
s.aac- Sure. about Al u premium to par cent
discount for round lots The total exports Of treas
ure eoco Jsnus1J ,stt 1854. we're sd xa,n.t
sl1 n for tie u1ne last year, showfnx AZ
exrexs this year Of S5 -, ,e67.'s.
TmEEE yonk MoS1r MARKKr.-Ihn y. j. Eeea-
Ina Ib.t OF Tlu,st,y afternoon taJB: -, -,
Cold has teseaed ss ts.. morning ent bag sl.e,dy
foid s3octd0 81 c1rhsnGc. hea fall IN the ps1cc
f. ioaa Ii fairly supplied with capita. seek
Ing investment On call, = per cent Some OF the
sheir per cent lcs1l tenders s.e1tasiax ths
eonnons AZ nof httng pad on: We le.rn, On the
EssSnc;an xas nSt receise, I this morning IT ths
Snb1frasnEy and ~; ,a ~ nn; egcha1 to feueFe
MAS IL neeessarr sz1anse-7en :, AID viii begin 10
nrx fh1 - ccnnors 10 1uorrox morning
Inc stocE Es:Ies e fsyeEi.a and there ts ap3re
chg Ees of iS5 E.re sola a r. .ae hikaest
onnon. of III Esye adTanced 10 rs FiTeiwcaties
src Loser Coupons eod down nom L!z1i3x. a |
psessns TIC With .1s. e bayns aiarse
New Yo5x sTock .AEEET-Apt1ll Is, leel.-R.eetT- !
q BY r. G. sa.ton~tku i CO. ecEsaslon. stock ana |
bond brokers. ~ cits1 strteH calcsko-
~ B'd. .dEd.! .stR't. II Pa.
c-...ss5s ls'S 9s.es;I4*5.:: e1s3e 3 ra;.::1;;3
Erss : Hs teom5...ia iisH kesdink; k;::...sox ia