, 1865-10-21

Girulat1ou.... 1cs21N 7,ot,ts7 lncreasc-.. 2,i7o
With tegnrl to tha reduction OF 500, COO Of
Legal Teaders in the statement Of the New York
banks on Monday last, the N. Y. Itsnss tays:
TT is aseertalued thai about u 900 Of this sum
es, Natcs. and abont 4, ,000Io00 to New Orlcans,
Mobile, Chicago, Milwaukee, &c, to pay. for cot
New Yolk.''
in Philadelphia The money market ia without
any material change but raher moro aciiye at per
cent On call. The beat paper ranges ar 71s98 per
cent per annu.n. ....
-some Of tho New York bankers hare Adopted
the plan Of paying interests on deposits. With r.
gard to the practical workings of it, the New York
journal Qf ConMtrrs Of Wednesday last says:
1--WE are Inclined to shinNtbat the question Of al
lowing snterest On depostts has come before the
banks Of this city In new line Of argument With
in the last few dsFa. Thoee who have been quite
willing to receige these deposits and allow four per
cent interest upon them, have sound by experiences,
that moEeycd pressure IL eloquent With reasons
Why they should reconsider then decision. Some
warning lesson, and will b. less greedy hereafter.
Il il trne that The money was subject to call but
when there IL little nproar IN fpancat. cFries the
qut or breath before he obtains his funds Thus
both sides have eeen the subject in new light, and
The arrangement seems much less desirable than II
did q feWIWeeks aEo,
on Stocks In Philadelphia on the 18th were sold
at the following quotations: -.
Saint Nicholas, II; Maple Shade, 7; Curtin. *;
Da1zeu, /; Caldwell, III Mccnntock, AZ; Excel
sior =; On GEsek and chsH1 kHn 4; Corn rlan. a3.
Sa;;!;oa' !sf; +; s9s9.eef f. 3; E'd0.'d0' A'nso' M
The Hew York money naskcs is reported bJ
The Journal Of Commerce, OF Wednesday, a fol-
1nws:
"There Is more strlngency In the money market,
9nd tee nnmbeE Of 1eeay has Il 1nc5ea,Ha ;
Guilty In obtaining per cent for IOauB- subject to
csIi upon Government securities and re hear Of no
bcen made d. lower quotation have generally been
recalled. Business paper r Offered IN increased
amount, and the rate Of discou1t has somewhat
7s1G0 per cent, and names less known at loGu PEI
per annum discount"
The N. 7. Tfnlxs Of Wednesday contains the
following concerning The funding Of the Compound
Interest Notes by the Secretary Of the Treasury:
;. Tho euntraetioaiot Government currency under
ss ,a 9ba
thus funded into United States t.sos ~ at the New
xosk es1y ~ os md 81 dfss e soss
Sept 10, and to this extent the public may rest a.
rurrt t{at the contraction u Cnited States legal
Tender Notes is positive and unequl7oea1. We
state ! this fact because the GrcuMslancs that
Compound Notea Of recent date have been
paid out, and which arc issued 10 enbstl-
tu!ion not q tae notes Fl funded a tnto 5;2os 20
the Treasury in the ordinary course OF business At
par and been cancelled to save The interest which
had accumulated upon them. On the other hand
it Ii proper to remark that while The contraction Of
Government legal tender goes on and will continue
10 20 on at The nate Of S10 GOO per week to the
e1ient of * qoo @ hs IL s16ag f6 5g,0 Of
slon Of National Bank Notes nom tho Currency
Bureau Of this Department goes on at the nto Of
about f3,0oo, 900 per week. The difference Will
amount to shout 1875 D00, ,0G0 in the month Of Octo
ber In tho direction Of positive cnrta1lment, a.
bptning thai The whole sum Of 600 b fund
ed into 6-2Qs-"
The Income ot the Government from Internal
Revenue through the past week amounted to
$5Gasl7, making total Of 91o6, 200 40 sinca the
commencement Of the present current fiscal year,
July !.