, 1865-11-20

In Memphis the money market Is easy rs re-
CARDS currency. but The bankers arc holding On to
it. 20 as to able 10 hcIihte the shipment Of cot
ton at he h1st upward movement In prices Eastern
Exchange Is selling at 3i1A premium, and buying
At kDhc premium.
in Nashville, on the 18Th, money WIS u1odes-
ately plenty. but the bankers were unwilling 10
take risks, except to regular customers.
In Boston money continues In moderate supply
and active demand, chiefly for temporary Ioans On
approved collateral security. The common interest
tats at the banks and tn the street Is and three
teuths On cali Or for brief Periods, but on longer
time the rates are higher, md the transactions
smaller. The banks are making short leans, 10 the
extent Of thefr ready MEANS but are dong compar-
lively little discounts. This causcs an Increased
number OF regular business notes to be offered for
enle in the open market. The best double names
arc nego1ated at eight per cent, and others At rum
uine TO trelye* according to gradei but it Is not
easy 10 raise money anywhere, except On tho most
urdoubted paper, and the soundest pledges. The
reopeulng to trade OF the commercial posts that
were closed during the war, tie moving Of the
crops, and the ate funding misunderstanding cur
1ercy, are the causes assigned for the present cos
ness ID tic condition OF the hnances-
in New York there Is no particular change to
notice In the condition Of The money MARKET Capi-
tai Is IN sufficient supply to meet the present Wzats
uf borrowers. and call lodna continue to be made On
The best securities At Z per cent The amount OF
business paper Offering On The market has increased.
A few first class double names at short date hare
been passed 1t per cent but the range OF discount
for The best single signatures is per cent per
snnuna, with comparatively little currency for the
cIaes offered at higher Eate-
In Cincinnati the bankers have no money to
spare, and Jet, owing to the warm weather, there
has been 1Ittle Or nothing done IN the way OF pack
ing hogs Rates Of lntetest range rom 10 to Is per
cont IN the open market. The offerings arc sc1uttu
Ted closely, and uudanbted names only are sale
able. ExchaDge rules ateady at parl50 PREM buy
Ing, md 1-10 prem. selling, With supply and de-
mand about equal Both, however, ase below the
average. .
The Philadelphia Press, which pretends to be
fully posted with regard to the designs Of The
heads Of departments at Washington, says:
"M1. McCulloch Ia now engaged n making up
his annual report, and Is certainly between two
fre7. The masses Of the people ate eFYfnE cat for
cdutracttQu, IN or1er to brng down the price Of
foou and clothes, bnt the bulk Of the speculators
al over tho country want more tnaatlon. An effort
will be made during the session Of Congress 10 IN
crease the National Banks. A pztvate Ciecular has
been eent to the leading National Bank Officers.
nrRing them to press upon the Secretary the neces
sity Of stopping contraction. During tho Last
ststngercJ IN money. many Of ~ National Aanta
weathes1ng The crisis"
"a new 6ity dollar counterfeit legal-tender note
has made its appearance. In the eonnterteit the
shading OF the letter In the 1arge United tates
dlls the upper loop, while In the genuine only !
portion is died.