, 1865-03-26
FINANCIAL AND COMMERCIAL
MONETARY.

The Week closing tonight has probably been toe
most exciting ever known in the commercial h1s.
tory Of our city. Notwithstanding he heavy tsll
in yslaep last week, We have to record further
DECLINE this week OF 10 Per cent on the premium
on gold, 7@6c per bushel on wheat, s1o4c per
buahel On corn, BD1c per bushel On oats, N.Go&3
600 per barrel on pork, and 49tc per gallon on |
h}phv1ues, Day after day the general markets /
have been panic.stt1cken and excited, and exten. |
elyc operators have been in perfect whtrl o. |
eoumotion and excitement nom morning I'LL
night. The ioases have been unusually heavy
for the decline was 80 sudden and continuous thar
oven tbota Who were On The bear" t'de we're |
not able to turn quick enough to takA proper AZ
vantage Of the depreciation.
To-day the markets have baen steady and frmer.
Owing to the news Of 4 Temporary check to shsF
man and the idea that Government agents were In
the market purchasing gold, It opened at 167} and
. closed In the afternoon at 157}. Wheat ruled 10
lie higher, and oats advanced 191}c. Thefe was
aleo better feeling In the market for Provisions
md sales ranged at higher quotations. The de-
uand, however, was chiefly confined to short sell
1ess. Speculation still Rms high, but mere aIe
few who arc willing to buy tdl the problem ID
to,yed, whe,her Lee will remsin within his fortf-
dcstiona till Sherman arrives before Richmond or
ay further South. ThokA eyen who think that
golo Il tnertnaaeel1y too low. are unW1lrs 10 oa9
a. long ns Sherman keeps on his victorious miscn
A lew GAYS E1QCG We uutSA sAE kEAAFVAAAt ott0-
pension Of one Of our heaviest wheat, pork and
aold opetators, It IL our pleasure now to state
that he has to-day paid In tull every claim a9ainss
him. and Ia now ready to recommcnce pustnese.
Before be suspended he houorablT paid out down
to the last dollar and now he has cleared OF every
dol}ar Of hi. indebtedness. The high eateem tn
which he Was held in the trade has been fnlly soa
tatned BY this illustration Of honorable integrity.
The Money market to-day was very close and
1 hr}1, AGAR nf cuFTHDCY. and q
detnclluaton on the part OF bankers to take FlsKs
| under the present condition Of monetary attairs.
The rate Of discount is therefore nominal at III
per cent per annuua but the street rates are ntn
at 2@4 per cent per month.
Ea.tern Exchange Is scarce and the market il
Arm 1t par ouytug and emlnm selling.
Gold opened in New York to-day at 1874, de-
clined to 1885, and closed at q p. m at 1871. 1he
following arc tho quotations telcgraphed to James
Boyd, gold-broker:
t0sso t. m....,.....157a 1890 p. m ..........1631
1l;00 /. .n.........16o}l 800 P. n......-~...l5
il:sy m...........154t a9 ?. m...'.....3ss?? ~?
l2;Q0 NJ. .1b43 Euo p. m......-..
Here the Gold market opened on tho street al
ts3. declined 10 151, and closed steadily at 1e5.
/ Silver was dull and nominal at tao1tss.
Government Bonds were a shade easier. Five
| TweatIes were IN limited demand at I04} huyfnt
] and 1861 selling. Ten.Forucs vera quiet at O.
buying and 9l}G92 selling. ......-.
. Cook County Scrip WAS dull at s6}1s8. Th,
transactions were very light.
The gross amount Of the cleartngs at .1as Clea1
Inv ;Tnuse for the week ending tonight, va
sS,76ss29.a ~ -ssasnst T,ais, 10 last week
Tho house Of lJames Dart & Co., stocE brokers
New York, ts reported to have suspended durin
( the past few dsys, and two large dry goods drn
t are mcnffsned, as h.yiug made assignments, bu
}. no names are men foned. a failure ta a1sn n
ported IN the woolen trade and two in the produc
e trade. The N. 7. Erpress Of Wednesday evenin
e last thus reports the panic which took place Q
+! thai day:
+ The panic which raEed In financial circles tc-ds
severely t ths e. ana ~ n,oa,
T. and merchandlse has been very heavy,
J. There is 4 strong disposition to se1f e1most .
t. limited led asis It ss lsle ~
There Is general feeling Of dietru.t and mar
are Inclined to believe that the end is not yet IN
y Ielehsnts have been expsadins during tas p. p
dx months to certain extent, and ~ sisnoaa ssa
Il, yet he cost system his been 9radasl5 tailtn
&c 'AiS a.sns p1oduce Kzehange The deD5esston =
be ve1Y marked. and there was heavy fdl In prie
dgFEoS FoSf aS Ell 81 On the and 2s
as soc On lhe good grades. and was very ol~eu''
ot w: Wheat declined t@1oc; esb +9e1oc; sorn
:@se: barley a@sS; a aaq reTq Me s,ee saFlI IN
ot d.1 md sold & sas5. decline ot 80 s. q and
En' nd eheese wers also lower, and quotations we
.h merely noniusi. u,,,ta, tnn,h
IA S3eneTs nserchandiza Is very dull Of sale
ia no scn57ty could be induced, even al lafge
g In fhe DIR goods market there j. sloomI fe
tng, and The tendensy toxsfun a1wse p iSs
CHI conds trode but no out and ont fa!tuf5s arc
10 thenticated tu daJ.
es, In New York the money market Is still clo
ne TheN Z. Shipping Liss reports Is follows: j,
80 The demand for money Is modezste, but esp1
Of ouots t-ali Loans ns7 per cent per annap., cs
nd nercisl paper u quite freely discounted At
ere Eioua rites "eqoose' %, rent ner son,
AG{ Loans on call, stock securities. g
tly s?s e endorsed s'l:' ss%ss IS dsyss;:::::: 8
IN: En-: -: ;,sS;is s,|;! !;
on In Philadelphia the money market Is fever
,lsh Iosus on call ranged at 6<b7 Per cent, and &
eI- | bu.1uesa peper at 9&o1D per cent per annuua.
rge The Pittsburgh, Fort. Wayne and chae
ern Railroad Company have declared quarterly
on depd Of two md one.haH per cent, ffee OF
'anz sa payable April 17th-
~ a money On the sd, which was but partially
Ssr piled a. rnusnaaly high rates Of interest,
"a cent per month having oeen freely Paid On ea
lb1e collate1sls, New York exchange was plent
rate - In Boston, On the 2ad lust, the money
In ket was more stringent md business p;pet
the discounted at td98 per cent. The Aaeef'
,ent- eaye: n..., =, =, ,,,zas. or.,t c.1
Po- IL exefcsed by capitalists. and uone oqt nam
have the most undolbted strength arc tazen q
not minimum rate Of per cent. Genera! "no!s
.rets | humuese II very much Depressed. auo II = =
.tfnV branches OF trade there is scarcely anyttine
49, Ing, Prices hare materially deprec0teo.
7e1J wherever sales are made large decline op9,
ru: cost has to be submitted to IN 1nost cases. Il
over- ooissses pork, an produce q all 51noa RIG
this II affected By the general decline =:
acies in Cincinnati. Eestc1sisJ, the money ~
that vas close. The Gas<tte says: "caplna IL p1
ainst q but 1t L. loaned sparaugl5." The rases pa
! me The street ranged rom 1s@s4 per cent and
~. bsnts, 10G1s per cent.
~, ~ Some Of tho New York merchants have
!. a. urrtnr tho Trrasuty Department to 60 fat
s,hig msrket and purchase several millions OF 20
=, to keep prices up, snd thus prevent e.
aploy commercial collspse. When gold was adva