, 1865-11-15


Ccok County Scrip, April lsas-..-.--, sis IS
Tnisd Setions, & ,iir;i..:..... iiani -...;s d " Ky
Chamber OF Comme1ce-..... ....... s. 11O
We understand thai see1cta.y Mrculloch. Il
pursuance Of hIe determination to reduce Ii
volume Of The paper money nfoat, viii, early mex
year, ode7 loan On Fve-Twenty bonds. The Ne,
York Ce'znaraoi CAsonscse Of the 11th Inst, fun
nishez the following particulars concernin. III
loan: -
I'VE hcar with pleasure tho report th,t N, w.
Cu1och Il pfoposins 10 offer at the beginning at tht
year loan 81 HVc.t*cnfy bonds at dxed price iHt
pea. 70 tns pe ade IN interest bearing legal tender
unlimited and the time for subscription indefniteS
extended. THIS soan would come ont al time
condition fos ench negotiations. it would not nst
tpaanodjeally On The current Of the circulation Il
compound notes nd %ons hase seFs tsnac5 nna aesE9y
lower The amount OF the call loans ii The Tressnrr.
~, q; .hn mesms Tsepstaton wouId b: made for lie
mo compound noes. The amount As vel a. ihe
at.,hy OF our paper money being thuf ainainishtd.
pces % would gradually fall speculation would ceasc
ny ssow but sn1e steps We should Ax our fnancia j
ssftsm once again on the eo1ld. stable foundation
We approve, then, OF the policy OF the ncr lo.n.
necause u Is another step toward the adoption or
tne moet feasible plan yet proposed ior gradual
however ts tie xorx Of rsso.ne my onr one cs e.
nnc5 10 par viii be easy and lrve IRON 4 anra.1
5 5Uuo:st as WI oe ut*arpolnted. All that can be
aohe ny me best exptd]ents known TO 0osneiaf
state<naushlp t. TO shorten the duration and dI.
inta 1r iae psssls q she struggle: but shall Ind
iiound before us, that the triumphs Of fpance 1,o
lcts 1har those of war call for rsoHte endnt1nce n
tt7r1nce" ~ ~ ~o-
The New York Fmncias Chronicle rey,eg.
Inc money market Of that city As follows.
MONETARY aftairs exhibit no important ehanpe
f,oa ss oeen an actise demand 1cr money boLh
tt having tccn readily me, where the cotiatersi.
Mers sound while The Ia1scr has been les hIeraI9y
rspuad stoels hs1e np ensss oi wlid spee:,on ia
!ena on The minor stocks, ard borrowers connected
Wild Wild such operations hase found money decadedly
been no difficulty borrowing on cali at ner oent
;,tsa ne asnpp'F o. money appcaa 10 he closely 1esu-
extra pressure for funds would be nseiy
IsneE a tbe Rave sssn less ,hso ast q %e eat
q much money possible, to pro.ide fof Tic waits
Of produce dealeze The reduction ia the aourrc Of
nion oI The eoutawafd cu11sa. lie .hi9a ~ .ia n1
money NJ sonth q bx M the express companies has lllen
On OIL 70 "a about tl0oQoo pr week, he previous e.
eey has been excited bs rumos Of farSeon,n ~ s,n
1eaan mesn au lasn which assoratns 10 olca! Etats
SeectaT o: the Treasury having no tptsn-
% tion q mailing further proposals Of thst
]
sustained hy some OF The beat cl1ouet in .tncrth.s
a!so produced decided caution lrs,ectinS = re,s |
!n GAss OF bofro"ers. which has tended to dis
snrS m oa'er"iee smooth cnr7cnt OF affairs bis.
counts h1ve been somewhat contracted, The sun
ply OF ucfchanis' bills i. very larra hut hnV.L.
snaT preference for lending their money o. ea
OF discount Prime bills pass vi vlo per eent. and
second class names a l01k15 per cent Bankers'
n,lssion at sG11o. produce commissiou Il Tsl1sncr
cent, grocers nj "a 10 per cent
In Bosfon the money market nsaln ehovr m.
creased s'r1nccncy, the demand being largely in
eacess Of the available supply OF loanable lunaa.
ne panHs are dtcoun'ine sparansly to their resu-
Ef3 cus1omeFt. but are un4ble to meet all the de.
minds o[ borrower. u1ny Of the institutions betno
obliged 10 call In their loans to Strengthen Their |
'wn condition. Mosr OF the hanks are cndeayor1np
o guard against the ipeonreniencee which beset |
hem at the beginning Of The recent st1ipceucy bv
rengthcn!ng their reserve, and this con.etyat,yr
ef'on has probably had tendency to bring abopt
noFe stringent condition OF the market, the cs1ne
q o' !oans ano The shutting down On discounts ! I
esng directly operative to this end. CAL loans ane
neaisr request at $40 per cent, al,hopsh love7
A'es afe sometimes made with borrowers ofu- | .
oonted credit On ductustine sccu1it1ea however | ,
considerable higher ratee are charged, Good INV.
auhle paIef now pass 10 per cent only the ve,y
est qulliy going nj sper cent. The business il X
ooesate'y adi7e the supply Of paper harnR spme IL
In Milwaukee money matters rcn,,, =. =.
'aheed and the supply Of currency ie aulcIent TO e
eci al legitimate demands Bantcrs' New yo.s- 6
Schsngc 's nrmer, and tho buying rate ia ounte3 =,
tVot Pet cent premium; selling at OF per q.
n. premium. frodnce bills nsc bouct. by The "
'hHs al par for New York, !. Of per oent dis. "
'ont 'os nuialo. and Y discount for osweeo. !.
. ~ nat'nnoFe Inc demand tor money IL more n
h'e. and the market is beginning to ehow .ome - -
U1QlQm6 CJ 6tffurn9nrY 1Hh& rpt-r ~