, 1865-03-20
FINANCIAL AND COMMERCIAL.
MONETARY.
SATURDAY EVENING, March IS

SATURDAY EVENING. March 18. l6ot.
In busfncss circles there has been quite cain,
to-day. The wires being still down the news fscm
The east was Of ench meagre character as to rem
der II almost impossible to transact business with
any derrec Of safety, and as II By common consent
both buyers and sellers held Of. Only three dts
patches were received from New York, Win Mon
trcal the 9rst quoting gold at 16i! tho second ct
1851, and the .htrd, dats noon, 1911. Thcse quo
iatons indicated stcadier feeling, but In the abb
sence of details there was not much dispositon to
operate for IN advance, and. short sellers wefo
more cautious than they hare been for somc time
past.
The money market continues very stringent
but the ratc Of dIscount is unchanged: VIZ, 1opcr
cent per annum. On the street, however, raics
are firm ut .@3 per cent per MONTH The supply
Of currency Is fair, but owing to the uncertainty
Of prices, the discount honses arc generally re-.
fus,pg to make advances except to their best cus-
toners. and on unczccptlonable securities and
Wide margins.
The supply or Eastern exchange is very light
and the market is nrm at par buying, and pre-
mtum selling. Several OF tho heaviest banks tn
the city had to ship currency to-day to meet their
drafts. -.
Pes1ners On the Stock Board to, day wns exceed.
inely dull, aud the sa1ca wcre light. Gold waB
fold On tho stfcet ut 1G3G3iG5, but the brokers
were generally offering only 100. The following
are Inc qQut&AUHb t6iEEtaPAGA AAuAA As1" 3SA1 ~
James Boyd, gold broker:
1890 a. m. LEU um.............'1bat
11:2U 4. m.. ..1B5t
Government Bonds were dull and heavy. Five
Twentles were sold at 109 md boughtat 1o8 by the
brokers; Ten-Fort1es, 94} hu5lne and osf selling.
Cook County Scrip was also uull and lower,
with eale. at t6@s7- closing at 661s6t and weak.
. The gross amount Of clearinGs at the Clearing
House (Northwestern National Bank) for the week
a,w
T1796 last week.
Notwithstanding tho pnnc, the seveE-Thffty
loan continues to attract attention. During the
week ending to day the subscriptions at the Sec
ond National Bank Of this city amount to $59a,
600, The popularity Of this loan Is 80 great that
commercial and monetary commodons do not af-
feet it materially. .'.'
The work Of clearing Wisconsin of stump
tail currency" progresses .fayorablY, and before
long nothing hut greenhacks and National Bank
notes will be seen. The Milwaukee jLnsa OF
bankers have failed n their endeayors to mike
tie country bankspay them commission to re-
deem their l.sues; for as soon as the Milwaukee,
ans discredited country bank, the latter took
eteps Immediately to disctedit the issues Of the
| Milwaukee banks. For. instance the Lacrosse
| bsnk notes were dfscredlted Der cent In Mlwau.
kee and the Milwaukee banks were discredted
per cent In Lacrosse. So great Was the effort Of
the M,luaukeeans to run down the value Of the
| country banlB and create panic, that the Mayor
Of the city had to tesue the following psoclama-
| tion:
To THE PEOPLE OF MnwAuKKB.-1t has coma
| to my knowledge that many Of the poor people OF
th1s cty are being pen uaded by brokers and other
for less than It's real ya1ue therefore darn II my
dnty TO canhon the peopIe agsinst selling any
notes Of State banks in theis hand. until tho pub
believed hat majority Of the state banks-pFob-
ably onlni.hu Of thens-wtll redeem their c.reu-
i viii now nay for hi se notes what they afe worth,
The most deprecated State currency is better to
hold tnsn anything that can be bought with II.
For iuil Iist Of State banks whose notes nre al
rendy received l,y the banks OF this city at par
refer 10 the columns Of the daily papers Of thls