, 1865-03-25
FINANCIAL AND COMMERCIAL.
MONETARY

Fn1pAY EvEsao. March ~. 1865.
Thi. has been one OF the most exciting days
we have had sInce Gold len zoo. EARLY IN The |
morning dispatches 1rom New York reported
Gold s1 1sUs. sitsr which It advanced to 15ls an1
broke down in panic to 1471, with rumots ofthc
failure ct Tob1n, The great Gold speculator, and
other "bul1" operators. Later In the day the
nsrket rallied again, advancing as high aa 1857
and auctuating between l62t@1ss4 I'LL tho c'oae,
Under such an unsettled state of Affairs, the
produce and provision markets we're weak aud
lower. On Change Wheat fell 6G2t}c below the
ciosipg prices 1aid yesterday noon; Corn &c per
bushc!, and Oate .4l5c per bu.hel- Mees and
Prime Mcts Pork fell T. 60 per barrel, and Whisky
We offered at three to $40 cents per ga'1un !
oSer the tn1+ Inter in the day, under
the in1uence Of the reaction In Gold, the NIL
kets rallied slightly, Int there very little htu
ness displayed. The advance Of per cent on thc
premium cf Gold iu the afternoon, led eome to
heliese that quotauons had d: last "snuchei
bottom and went lntd the markets '&hclter-skr1-
tcr," withou, regard to priee but they wore BOON
brought TO asand still By adsices FROM Ga11achers
Beard, ard Tho usrke.s closed unsettled and weak.
The decline Of Gold below 13o has unsettled the
general idcas formed On tho snhjec Sherman ia
stu adranclug, almost unop2osed, through North
Carolina. and nothing but succession Of Victories
ia expected, Ut least for some time to come. THIS,
Richmond, and the combinations being formed hy
General Grant, meet tbat conHugency-an tend
to impress the minds Of the publicwit the idea
that Gold must fall still lower before uny
material advance can be established. Mem
while, values a1c following Gold STEADILY
downwarda, md Epeculators and merchants
ind their quickly -nada fortunes malt aHay
like enuw under July tun+ Thus faf, our local
ope1aturs and merchants have stood up Enansully.
aud. compa. ed with the &mount OF business done,
better than hose Of any other city In the un!ted
-StAtcs. Tho failures hera have been few and m
1mpartanEwhslc IN New York, Boeton and Phl1s.
delphia, they have bcen heavy md dfsastruns, In
enth time III this, howaver, We Would recon-
mend great canton IN operations OF my lind,
whether in buying or selling. The true couEae Ia
neither TO get panie-stsieken nor excited, but
follow a. closely as possible tho current Of eveuta
There was perfect scramble for money to-day
ut the various diseount houses, hut tho bankers
generally refused To- accommodate cTen ther best
CUSTOMERS, and all thst Was dons WAS ins1uaking
unavoidable extensions. : The rate Of discount Is
tti1l 10 per cent per annnm; ent On the street
enormously high sates were paid In eome instances
10 saro pork, whisky and gram fom being forced
On the E2sket. The general range WIS 26a per
cent per mnnth, hut rveu higher rates MeEe paid.
Eastern Exehange is still tn good demand and
firm, Win very limited supply. Rates, however,
arc still At par buJlne snd PREM selling.
!QoId opeIed In Now York to~asy st 15ot, I'D.
vEced 10 t51l, fell In panic to 147}, and advanced
to tba at which quotation 1t closed at p. h. The
| following are the quotations teleeraphed to