The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1865-09-21

The money market opens even more stringent
than last week. Early in the day some of the banks
found their supply of currency short, sndthey sold
round lots of exchange at par; but the leading
bands generally accommodated their customers At
10 per cent per annum.
Eastern exchange is still in good request, with
moderate supply, bnt the market was shade
easier to-day, owing to greater scarcity of cur
rency; but rates at the banks are steady at par
buying and ITO premium at selling. Round lots
we're sold by some of the banks short of currency
at par but the general selling rate was soc prem
per thousand.
Compound Interest Notes in good demand at
lo3ICaf04 for June, 1e261 1924 for July; 10l for
August, 1901 for October and 1904 for December
1864.
The Toronto Globe protests against the enlarge
ment Of the Canadian canals till they see whether
or not the United States is willing to grant them
another Reciprocity treaty. 1t looks now a. II al
the talk about charging the Canadian canals wai
for the purpose of humbugging the United States
particularly the West. and that there is no real
intention on the part Of the Canadian govern
ment to spend single dollar in such improve
mcnts.
The latest threat the subject is that made BY
Mr.. Calf the Finance Minister Of Canada, who
suggests that, in absence of treaty, the CaDadi
ans betake themselves TO Wholesale smuggling
across our lines.
As the matter looks now, we think the Canadi.
ans will have a chance to try the experiment O
wholesale smuggling Possibly, they will regret
il.
The Commissioner of Internal Revenue has de
cided what constitutes a commercial broker. He
saws that aav person travelling about the eountr,
seeking orders for goods. daring whatever pro.
portion of his time, and however related TO the
manufacturer dealer. (eyen If the manufacturer
or dealer himselfI is held to be . commercial bro
ker, and AS such must procure license. Th'
construction. besides being rendered necessary b,
the terms of the law is clearly equitable If th'
agent Of New York house appears in your city
asking orders for goods he completes directly with
the dealers in such goods in that market, and Their
is a. much proprieiy in requiring him to be Ii
ecnsed as if he were pedlar and carried stocl
with him.
We learn tina: counterfeit compound interest
notes Of the denomination of one hundred dollars
dated Nav l. 1865, made their appearance in Phil
adelphia yesterday. They said to be well
ecuted and likely TO deceive competent judges
Bankers and merchants in our city would do well
to keep an eye on all who tender such money.
The Philadelphia Inquirer Of the 18th ssys:
among the dry goods jobbing houses, the
wholesale grocers and elo,hiers business was Deve
more active than at this time, and large shipments
Of manufactured goods are making 1.-THE South and
Southwest In produce, however, the transaction
are Of limited character, owing to the absence o
supplies, relative high rates, and general unwil
lingness to operate except to supply preeen
rates"
In New York and other Eastern markets ther,
is a large business in compound notes. which arr
now sorted very carefully by receivers, and hav,
become profitable article of traffic by brokers.
The New York Tribune says il was rumored OF
Wall street on Friday last that the Secretary o.
the Treasury about to negotiate loan, ant
business was quiet in consequence.