, 1864-05-23
FINANCIAL kND Ct,aIhE:AGl{L


sATuEpAr ErRs1ss. MAY =. 1854.
[7ne week Just clos*t -has been one remarkable
IN fnakcial and commercial Circles ;oauSura,ue
new era in tie baaix of ont currency rhe eppr.hen-
sons felt by mau5 hanke1e thxt the cha9gc woad be
accompanied with anaost 1nsurnouut4 = din=1Ics.
nAFc net Been rea:'zad, In 1t inhuk=aslclA de-
gfte s1o there teens to be scarse1y doub In tho
nin6s OF the most 1udcioEs Ayd csutin.tB that
ce,efnl change Is Insured. Fer the 1res few 7ys
oiGtcliles were encountered among bausers, Id
l4rsscttoss With each ohtr by means Of Al arrange
mtnt entsscd into to pay balances IN llno Indt,aa
sud iowa State cCs7rncy redeemed In shis citT. 1t
Eas sooa discoFefed that The arrat knncn would
work smoothly. and 1t Was immediately absudoaed ::
and balances, a. well ~ chects from dep tlto.s and
bsnkers Ase al paid IL greenbAcks or course, th.s
last arrangement lncrtast4 the scarcely of National
currency and hss created considerable ststnseaoy,
for the TING being, In the Uoucy market. Bat We BE-
Heye 1t u sttinKcney whlsa legitimate cop,uc,-
clsl or financial man will regret. The apirt OF Wild
speculation low rlfa in uts laad, ind a.
peciafy In Chicago, needs curhing, or II will
soon end IN financial ruin to large nuube-x The T.
cttes heretofore ndostcd to spectators to obtain
Whtt MONEY they needed for +" MARGINS" have bean
improved By latgc numbers Of reckless men. who
have at stake no regulation for mercantile honor.
aru are ready to make break" ~ tho wheel Of
fortune may defIto. Tho result has heon the Inflated
prices which control ou7 ptoducts 1t ,hi4 time and
the consequent persistent Call for ne1 margins by
those who have supplied tbs means to the gamblers
to 60 In at high wafer" Il " tins that this f,y
should stop, ard if1t can bo stopped BY rcisy Of
money which will actually compel 1T ssoop ,S. In
the end our city and the coactry will be rsar ganers
hyn. We are glad to know that this WOW OF the
etuatlon" Is taken by many Of the leading bsnke1s.
We may nc that tolsy-Aud3 will bs for tho IN.
ture-an legitimate commercial msn, wao trcad IN
the path Of mercantile hauor, can obtain from our
bausess whaseyeF money thoy want To al1 o:hcrs
thero will be no recognition of their vishes-
Eastern Exchange Is very pentJ. arising IN meas
ure frm lhc scarcity Of currency, aud reduce
Quotaiens. About Ill tho transactions to-day hare
been Mt Y discount buying; pr rcllfns: somc Ear
chsses have beea made by bankers at = larger dis
count than ttd one uamed. ba: Only In exceptional
catts.
1t bc'rg Steamer esy in Erv York, gold went uo
1tt'e. There t. cessaioly nothing In thc nsws to
tnduGoee 1t in thaE except BE- tbs l.:
lay in reaching detlave iesnt'. Tho range In EeV
Yosk, ~ reee yed By Te'egratb, was ~ folio ~:
10 m. :seH 1t-1as; u 20 r. n zH: 3-ls31S there
was TO feco1d po-fd. The marx Ct hero wns nrtn,
brit the ttring wtEs light st ISL 1slH. s1ter re-
+ slneu at 10 There it but 1.s,l9 t8cidg. ueeur-
,eLt nor ~ Is active. Tates for mixed y per cent
discount fiVetwentas firm nt h6.
CHICAGO, ErHLEaTuH AND QUINCY RA1IKoAp.-
The branch OF tue Rsove Eailroad-or perhaps Wa
ought 10 say the main trunk-bcExeen thla city and
Aurora b BEEN coTap1eted. and the cars htvo
nerctd running over It, Th!s brings several import
AIT and ht retoore i.oAted towns ln close ueIehpor
hood with cnicsgo-L1ons. Brush Hill. Downes's
Grove, EEperril:e, &C.
Another new counterfeit ono hundred dollar Trcas
has made lts nppr.rrnce hero. fstss better
Imitation Of the gcnuln. than tho hrst Persons
handling notes Of thla denomination shon1d be on
their euntd.
The Few York exports, exclusive OF specie for tho
Eetf eIduE AAy Is, compare follow With fortltr
FctuInk:
Ess E;:;: q: ss;: E$: s;s
E9ss ;i5 IS, 4
ccnpartt M ioo.ga IN former retnfns: |
11H-9. 1923 1874.
Imports $lI11r2 "a &if1.4i,5M 8i7IGnB
1Ln1ts rro1uce.. .lSs:E1 M3 1GAs154s3 EoIS3t.aN ]
E1pt's speCte....,-. iT26G;6 s1901.1t A8S31xs5
NEW foEK STOCK K3fAsKEr.-C7os,ng prices for cash:
Nay q, Isl; hecelved ~ F g. 6Altonssa1. Co.