, 1864-01-17
FINANCIAL AND COMMERCIAL.
TIE MONEY MARKET.

-. SATURDAY Ev2Anu, Jan. 1s, 1851.
This evening closes \ week ot eavero etftngcucy In
lie money market. Operators have found 1t imposs-
bic 70 dnd adequate accommodations, II Indeed they
could Ind any. The OF the arlngescE has been
heretofore alluded to, but repeat two OF the most
prominent. yik refusal sf esstern banks to rc-d1s
enupt produce paper thereby forcing onr bankots 10
carry the vast amounts Of produce In tie hands Of
western hodcrs aad opcsatots and second overtrad-
fIE tn slmost all and pefhAph there should
ba added the fAct that business u now done almost
entirely cash basis. thereby requiring vastly
funds 1t. How long this arlnseocy must las. no
one dares to predicts but most Of our nanc!ess think
money be much easler within the next thirty days.
Eew York exchange Was very close In the morning,
some bankers readily psying cEs5c: bnt towards the
Close recedea little, but was still very close. The
usual figures were buying and Il as the selling price.
These rates to crstoMers; ou.atdcFs pay y.
Gold opened In Wall street at $50 q. m. at I55H; TO-
155x; u, LEX; 2p M. 156H $, Isl; $50, 157H-clos
Ing 1 at 157. The very largo rise neat the cosa In
WILL street was not known here till after bank hours;
and OF course the business OF the day transacted
on the lower 6gnres. Tha Usual buying range was
11i@1AH.
Silver frm and advanced to 1s5e1Is. Legal Tender
notes are arn at X buying and n selling.
Ye learn that 4 new, feature Las been introduced
into the New York money market, and there Il some
talk Of It's becoming the practice here The boakcra
md brokers requiring interest on call loans DO
paid in coin. This may have something do with the
sudden rise In gold. The practice Is borrowed from
the so system OF Mr.. Chasc, and may tend to eheck
Transactions In those honds for II capitalists ana
bankers csn get per cent and even more In coin,
loans will become better than the sos. The Gact,
however. that Government 5as have the property Of
the cntiro nalou for security will always make them
the fnyor!te Investment above mere iudiyidua loaus
TIE MILWAUKEE MosEr aGARKET-Thc 6ensinel
of Saturday eays The leading features Of the money
market yesterday were the esme heretofore noted
Money represented to be getting close but Il not
get scarce IS to materially restrict business. Ex
thu Enot L
niu1n selling, and VIC hear Of some Of the banks paJ
ing rs high ns r." :..-
says: Money WIS shade easier to-day. but the de-
auds was st IN excess Of the supply and rates we're
firmly maintained At per cent In ths open markell
Exchange In better supply. md easier, bnt not
lower. Some OF the bankers were on the street as
sellers. Vie quote par buying, and 10 premium SELL
Ing. Gold was higher, closing at s. premium buying
and 544ssK premium selling Ver5 little doing. No
transactions In silver. Orders On Washington steady
at lx@2 dis. The market ts we'll supplied. Vouchers
gH dis; Tcry few offering"
TIE MExI111s MoSRT MARkET.-The following is
the condition OF the money market at Memphis on tho
18th:
Kss,sl2< Ksssns2y Hs'Ss se1Ssn
gold. ,o;sprem
raw YorE EIeianss, Sspsr
Tennessee Bsnks SsM dts
o114n o1safn ,ana1 s IT. IT.
St, Louis and Cincinnati exchange, selling. par
ChtEAGo exchange. t.........+..-.+.ss...+s..ss. pak
kExosuA CousTr DASK-Wc understand that tho
stockholders Of this Institution, hare recently added
fty thousand dollnrs Of cash cspin1, and haye for
warcd 10 Washington tho necessary papers to cnahle
them to organize % National nank, unlcr tho Cur
reucy Act Of Congress- So the necessary pro-
lInAres shallEave been gone through the bank will
be rcady for busincss under It's new title.
the C1rr BaNK.-Wc understand that tho City
Dank Of KeaoRha has perfected It's organization under
tho National Banking Law. and sent On its applIca.
t!on, Wc understand that under the now organtz3
tson Thomas Pricturc was elected Prnadent and E.
Durant Cashier.
NA11oKA1 nAaK or vALpAnA1so.-The regular
election Of the Stockholders OF the First National
Bank Of Valparaiso Of Directors for the ensuing year.
took place On tuesday, Jan. 12h The following per-
sons we're chosen: A. v. Bartholomew, 5. s. Skinner,
B. F. Schenck L. A. Cass W. C. Talcott Tl.os. s. Stan,
e1d, and chas. ]. Thompson Immediately after their
election, tho Directors met aud chose D. F. Schcnck,
President OF the Bank for The coming year
Dos1oN pAyK KsTAIEMEHT.-DosroS,J Jan. 12.-The
following is stntemert OF the Boston Banks:
Capital STOCK. S3a8IltW
Loans End dtscouuts-. t!llsIQ
specie. a5!
pue from other banks II o19 001
Dne to other bonEB i! Gt w
uHDQslI6 34aG!yW