Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-03-01
rtnArnAt Avn coMMERCIAL.

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VII OrFIce OF THr VINO, Feb 29th, 1854
The Currency Act provides that "alli call
certificates shall te fundabia, aud shall Ia taxed In all
respects, a. is provided Cor the treasury notes Int,
which they are convertible The effect Of this previ-
sion IT, OF course to impe the holders Of said cerh-
cass to convert them, fund tbs amounts thereof 10
four pcr cent bonds prior the Isl April The priv
lego of depostiDg treasury o.s OF call was susps I'd
BY the "Ourrency Act" until rhs Isl OF April Ger
that date the holders Of the currency, OF the
old notes Except those Of the denomination OF $780,
NAV convert ,he same into call certificates, bearing ine-
rest at the rate OF four per cent per annum IL the old
notes are presented for conversion the tar OF one third
will be first deducted. Tao advantage OF these "ean
oans ia not as widely understood or appreciated as IL
should be- TIE holder Of any amount OF currency for
which he may not have immediate use, should be de-
,irouI OF realizing herson, which he cannot DO
30 long a. the money Is deposited in bank, or kept
othsr rise unemployed. Bat If he takes IL 70 the Trea
sury, or one Of the Deposto.s, and deposits on
call" lie win ressvs certificate that eject Al any
time thereafter upon short notice, he withdraw the
d.pcsit on sunenderng the certificate and WI receive
four per cent interest upoa the for the time 1t
bias remained on deposit This will be the operation Of
Il
amounts of the present currency beyond the Isl April
to be exchanged FOR the notes. make ca loans"
and use the certificate, in the payment Of dsbs incur
red aavng the thereon the date Of transfer
| AT the New York Stock Exchange, on the
a4th Instant Virginia skies sold Al Norsh CaroinAs
at SSH Tennssseei at o2t and Missouris at 70. Gold
closeI at 1874 There is still apprehension In Wall
street that the Yankee Congress will au.hOrss the fae
Of what i, rcetioasly termed tbs "s~pu gold in the
Teisury and until fsal acion /, taken on the subject,
the tendency 10 further advance in The specie pre-
MUM will be checked. l, is possible, however, that the
nsws from Shern ans expedition and from Florida, which
| must have reached Ysnkeedom now, has already
| run up the premium to o5 or 10. We hope that the
Yankee Congress will than be induced to comply with
Secretary Chaes scheme OF sale Of gold or course,
the premium would tumble 10 or 80 per oent bu. the
rush Of bsnd-kolders in the Market and the rapid ab
aorpten Of The gold by parties having their pockets fill
ed with "gresa backs" to say nothing OF the effect
upon the export trade would lead TO state Of things
which "a rebel" could contemplate WITH satisfaction.
The Petersburg Express, OF this date, reports
an auction .als Of cotton yarns 500 so per be sheet
Ing, $6l2i per yard; calf akins sTOo per d;zsD; do
msstics, 81 per yard. The GIpess' rays:
| Beyond all doubt prices beginning 70 decline.--
Already the beneficial effects OF the Currency and Tax
Balls are beginning to deveops themselves. The mad
excitement that immediately followed the passage Of
these bills has partially subsidized, and better state OF
things rapidly approaching Provisions viii not tum-
BILE st oace, but t1ey will tumble. Tee signs already
indicate ,his They viii down gradually, until at
last they VIII fall within the gasp Of many who are
now 4asle 10 purchas, them. Sugar 10 falling. On
Sa, urday Il was sold at aucion at Sill. Daring the
early part of the week !, sod as hgl al BIS. The
tobacco market is exceedingly A.L Medium and infe-
rior grade, would ros even command bid at auction
on Saturday. and holders generally geaing uneasy.
Tho negro market il dull, bu! few purchasers being
found now willing to invest their moaey az the late high
prices.
But little doing in the ral estate market We hear
of good many farms being offered, but oil few being
sid.
Some apprehension Is expressed by experts
that i. will be impossible 10 count and receive at the
Trta ury and various deposcories ncuding the bankt)
the two or three hundred millions Of dollars u Treasury
notes, which holders will desire 10 fund between the
present time aud FRS, Of April In view OF this con-
tinsency the best thing prudent people do is 10
fund their rote, at onss and not pIioR the conversion
until the eleventh hour" when the latgrds aud
mopuses will make up crowd which will render IL Diff
hcul II not impossible, TO got within reach OF the
Tieasury counter.
CLIFTON ACADEMY, AmELIA CO.
| TTNHE ensninO apsson commences March and