, 1864-03-07
FINANCIAL AND COhIhIERCIAL,


SATURDAY EvE.s March 5, 1851.
The week has been active In al departments. Bank.
cts have had NIL the paper offered they could well
take; hut all good customerE have had all Legitimate
wants fully supplied. But tile large demand for IA
yors has rendered the money market sensib1y closer
Eates OF discount as usual, 10 per cent.
New York Exchange has betu working steadily
closer during the weak, Bankers to-day hare been
obliged to psy x@A-geIeral1y quite near tho upper
figure, and often the full rate. We quote tho ceiling
range 5@;i. lhc lower figure to customers bE only
few Of the banks. Some Of the larger houses charge
,. f1n to customers, and this is the usual brokers'
price. Neshouid not be surprised 10 sec y tho cur
rent figure next week. 1t certainly would be II the
demand fos currency were not active.
Gold opened In New York at o.45 q. H., 161x; 10
162; II, 161K; II m, 18lx-clostng firm nt 18l Busi
here Kas active. brokers paid l6o31G0x and for
large lots 161 vas offered.
silver1saal5l-msrtctd dull. Legal tender notes &C.
tive at 1-s9k bpyirg, and A@H selling. Government
so bopda buying 1o7, selling Market active.
CoUNTEnFE11s.-TWo new counterfeit lve dollar
bills made tLcir appearance yesterday, one on the
Eastern Bank OF Bangor, Nc, and the other on
tho Anson!a B9nk, Ausonla, Ct. Both are ImIta-
tions Of the genuine. and arc we'll calculated to
deceive. Let I'll but experts refuse all nyc dollar
MnwArxtr MoxEr MAnxEr.-The sea.ne, Of
Saturday says: .-.
The volume Of cfcus.ency and supply of exchange sp.
wants Of trade. and money market now presents
hut little variation from one day to smother. On good
wc do hot hcar 81 any transactions At lower aEure.
NATIONAL BAxks.-An arrangement has been per-
fected By which the Second National Bank, Of Lam
sing, hsch has purchased tho stock Of the First M
tto1s1 Bank which last organization win bo dscon-
tipucd Tie eeceud will. therefore, BIO the only hank
In that place md will take the name Of the First Ma
tIona1 Bark Of Lansing.
The First National Bank Of Monroe Wis, Il now
ir,wprklug order, and deposits arc coming In.
Tho stockholders Of tho First National Bank Of
Grand Eapida have received notice that their securt
ties have been recc,yed and that their currency will
be forward ed Immediately.
A 1-Ju1ius Mov1us, EtQ, gen
t1esnan whose name Ia d household word In railway
matters, has been appointed the General Eastern
Agent Of the Michigan Central Railroad Company.
Ills address will be a. heretofore, at Buffalo Mr. Moyf
"a Is already too well known to neea any endorse
mcut. We congratulate the Michigan Central on &C.
curing tho services Of 80 competent an official.
NEW Orkxaxs-The Timex Of February 2ath eaYs:
As regarf the general money or paper matEet there
are suall sums Of capital seeking employment ht from
to 10 per cent Interest," based On
at a low valuation comp with former yeArs Inc
bouks arc doing nothing n the way q discounts
though dealing II exchange from Gay to Day TO re-
Tue deaings fo-day in Northern or New York funds
Comprised eaies Ut sight at 70 * per cent dis
count; one dns sight at * to per cent discount
ten to twenty dAyn sight wns quoted Or an assumed
quotation VIA made, st 9aH per cent discount E6E.
o.gn Vaa Grn The bank rates for Sterling were 1899
is: outside rates 1ss3Io Francs were held At soek