, 1865-03-23
FINANCIAL AND COMMERCIAL,
MONETARY

MONETARY.
WEDNESDAY EvEx1Ha. March =, 1861.
The general aspect OF monetary ami commercial
afIs1rs to.dsy vas more alti,factory. Gold ruled
ehule higher, and there wasa steudler feeling In
the general markets. Wheat advanced 1}Dec,
and oats 101ic per bu; but on pork there was no
Improvement Trausac'lons however, we're very
light, und while there was no deposition among
sellers to produce panfc by forcing thar property
to sale, there WINS very limited demand, The at
tendance On ch1ngo WIG unusua1ly tnlu, ana there
Was hut little activity displayed In any branch Of
trade. :
| The money market was, even moro stringent
than yesterday. The Government drew on the
National Banks fos upwards OF S. 500, ,0oo and this
diminished their ability to accommodate the pub
lie. The rate Of discount - nominal at 10 per
cent Per ann1m; but very few Of the banks were
| disposed to mike advances. On the street, 9114
per cent per month WIS freely paid BY produce,
pork. and whisky operators
Eastern Exchange YVES easier in consequence OF
The scarcity Of currency, but rates are steady at
p.r buying and I prem. selling. Some Of the
benks cold to each other at 251soc prem. per
thouEaDd. ...-
Gold opened in New York at 1sss.<, advanced to
ITO. declined to 1861, md closed, at a45 ?. n, al
1871. The fol owing are the quotations telegraph
I'd to James Boyd, gold broker:
At io:s0a- m....-.. .16sa At1s:so p. m.......15!4
5!ss a " III: :::::::!s:, saa4s :!;s' :::::!
The wires were down east Of Buffalo nearly all
afternoon. The news from New York was meagre
Hero the gold market on the street WAS eteady--
opening at LEG, declining to 156, and cloGng LEE
@'se. In the alteznoon, On The Stock Board, gold
closed at l58Sa1563.
Silver was in limited demand By the brokers at
1e5G1l0, and On the Stock Board at 145.
CanE c0uufy Etffu wHH In fill eAf and Rfrndv
atss!9s8,
Goyerrn cnt Bonds E2licd to day In Noky York,
and there was lEner feeling here IN consequence
We quote:
r. s. F,vc.rx.nt,.s Buying. 3Ih ,z4.sh3s Rsli9s.
g. Il: 'ss;S'o' %
The following section Of tho Act to amend the
Internal Revenue Bill has never, to our knowl-
edge, been published:
SEC TO- lind Be It further enacted, That tho
Secretary OF the Treasury Ia hereby authorized to
appoint ;aaS Commission Consisting Of three psf-
cal moment, upon tbs subject Of raising, by
taxation. euch foyenue as may be ne cessafy Ii or
regard to aid including tic source from which
suth revenue should be drawn, and the best aud
most efficient mode q raising the same, aud 10 re-
haze power 10 Inquire into the manner and etd-
cheney Of the present and past methods OF COLLECT
ING ne internal AL s:ysnne ana to taSs testimony IN
be prescribed by the Secretary or The Treasury.
And such commissioners shali receive for their
t,1nc necessarily employed, and thei1 necessary Ne m ~
travelling expenses.
Tho Httsfeld Bank and tho Agricultural
Bank Of Plttsacld, Mass, arc about 10 change to
the Nationaf Blinking system.
The panic in gold has brought up the specu-
lators fu petroleum stocks with u round turn.
The Pittsburgh Commercial Of yesterday says:
you stock spectators arc Just now Ia very
pcrplc1cd at4tc It mind, and many Of them are
disposed to turn their certificates into cash, and
Iee1 upon their gains or Losses as he case msy
"Ihc time 1nay be near, os II may DO yet dis
tank but i Is only question OF t.me-a big catas
eion oia lot Of worthless certificates.
+" lsrge majority Of the stocks Ia the Eastern
speculative, ami were intended by tho projectors
merely to scll, and not to obtan oil. AL Of th's
s,ass ~ disappear anaS % entirely lost sight Of
Another, and By tar the smallest class, are the
companies. which have real merit and are we'll
msnnged. These will be depressed In v,lua Tor a
time, but eventually Will rise in value as their
sources arc. developed. The cautious investor
will aynil Ltmsr Of the depression in prices to
ava Tho M6c 10
when goou strike Of oil 1s obtained"
The Boston AdreF&iser OF the 18th reports the
money market firm at per cent for drst class p1-
per, and at per cent on short call. Lenders are
1aorc narttcnar ahont cnllatera1s Ind reoufa larz-
CT marstn4
1t is now computed that over $500, 900 Of
our government securities, principally Five-Twen-
tsee urr 1o7v ousne1 in Eurone md tfbe demand in
SUI increasing. --
The arrangements for the Issue Of the SG00,.
oOp oO0 loan have all been nerfscted. The New
Vss,s ~ :1, 49,, ~ 49, :sar,a III, ha - eoon
aulh 1f~'ae sais tas nsss 1's0e WI W - " <sv9'
pGQ,Gou, On The 1tt1 day o. june next. me no1es
in form. denominatons, and interest, will be, in
ali respecta ike the present fesue Of saycnth thtr-
,tea Thev ,y,7, hc nntke +b.r, onlv IN tha ,a,fod
w.. r. 4~A+ S-s - 10
hfeo lof taslf consesuo41ty. 1ney "l!l nave ten
months longer to run than the Heven-tn1rties bo
fore they can be changed into eo1d.beartpe FIVE
t.rcnt1es, Rva ver3 1orpe r1suu ~ ,nveato-s ma
ssEnaeea I'll 10 cc,.'des.1 @ " aassss '
ue to the new Issues. The balance Of the $780,
0c0G00 will pr9hably he year longer in maturing
than the June istue: the time viii ha f7cAn;telv
60 - H. r.,aa - ~, - s---. w.. ~ oes ~
naeo' a. 'nof W eue oane !ssue appfoacn tne1!
END. II may DC tne Ealance Wtu not be required
at all that the first $500 000 600 will meet tha nc
cessit1ea Of the Government {ti expected that
tbo 1ret ,sana ,atl he i7Isnos.a ~ n r.. ....a
no atss sa11s -. ~ " ~ anout tatee
mon'hs: 1ae agency oi tne present eeVen-thIrttes,
with Ill its machinery, Will be employed for the
vrhofe nf the naw 3t an