, 1865-06-30
FINANCIAL AND COMMERCIAL.
MONETARY,

The payment Of the July interest md the ad |
vance Of cur securities In Europe have tended 10 |
check the speculative demand for gold, and the |
market still tends doWnwards. Those who. few
weeks efuec, were confident that gold would ad-
vance to l50 are NOW busy predicting that 1t will
fall 10 1so. If the7e ''upa ind downs'' Affected
only gold spectators, ths Importance attached
to them would DO comparatively little; but gold
IS the regulator OF values, particularly the value
Of articles Of export, and the general marksts
thus become unsettled.
To-day there Was an extremely heavy feeling In
commerctal and financial circles. Gold WIS to1e.
r=bly steady, but the tendency WEE downward,
and ope1ntors arc working towards further de-.
cline. In Produce there was depressed feeling,
and We note decline Of 1cc per barrel On Flour,
4a6c per brshel On Wheat. per bushel On Com,
and 1G9c per hu.he1 on Oats.
In commercial circles there was considerable
uneasineas, owing to the announcement that
Mes.rs Deni.on d Lester, prominent grain spect1-
hase not heard the extent Of thetr liabllluess
This n.u1 WA very auetessfal in their operatiora
atout the time that Richmond fell. but 1t has met
with heavy 1everasa duEins the past few weekH,
In consequence Of the unsettled condition Of the
markets and the failure Of other houses.
The subject Of demanding '1ccrtined checks"
in payment for prodree was discussed freely on
'Chtnge to.d,y. It seems that come partles feel
aggrievsd when their checks are sent to the banks
to be "cestlned.'' This Ia unreasonable. The
n usnuer in which huliaeaa has been done In the
Produce trade In the past year ia IN exhibition Or
foolhardy recklcssness. Merchants accept the
checks Of parties fog thou.ands OF dollarl, and
become fesponslble for them over night, aud IL
the se samo psrtiea were to ask them for the loan
Of hundred dolllst, they would BE- 10 used.
There Ia EeItaer 6enae nor reason In this mode *
doing business. No sound merchant ought to
feel annoyed at haying his cheeks sent to tho bank
for the caahler,a fndorsemenL When Ai .cs
are occurring daily 1t Is the only safe
1sy Of doing business; and It would
be we'll II the Doasa Of Trado would
make it zu,o that mona but certified checks arc
receivable for produce. II this IL done, all will
be served alike, and ihere will be 10 oeeaslon for
making dissgrecab3e distinctions.
The money market rem1irs quiet. There WA
very moderate demand fur currency, and the
banks discounted frat class paper at 10 per cent
per apnum. There W3s less anxiety, however, Of
the part Of bankers to dtseouut piper, partly
owing to tho unsettled condition Of values, bur
mainly in consequence OF the National Banks pre-
pslIng for their July st.tement Street rates are
steady at 111f per cent per month.
There vas better supply Of Eastern E1chsnee
TO- day. owing to desire on the part of GONG OF
West I'LL aftse the lat Of July, when the stata-
mcnts are made u7. There was NO change, how
ever, In rates, but the market WIS considerably
easier. The ba1kcra were buying at 1.10 dlsceunt
TO par, and selling at 1-109t prem. Round lots
were sold By some Of the bankers at par.
Gold opened in New York this morning at 1851,
fell To 1881, advanced to 49, aud closed ii p. N.
At 1857, The following are the quohdons tele-
grsphed to James Boyd 4 Brothers. gold brokera:
1880 a.......---.----.!ss! lSS9-.
iL5l........ :. .1ssi .is5f
Here The gold market was unsstped-openiug
On the Street at 13s, declining 10 1871, and clos
ine at 13s91as3. Al one time during the course OF
the day 1srKe lots were offered at 13S, without
buyers. Business on the Stock Exchange was
light at 1851 013st. Silver was quiet at 1N@t2s
BUYING
Government Securities fell OF slightly in New
York to.day, and the market here was shsde
easier In consequence. We quote:
Tys;Txsnt,es. M 1 .1ooss3glosl 1s5f9'S55t
Cook County Scrip Fsa inactive, with bids ror
new Ut ct, and old at es9.
We notice that the Mannfacturess' N1tional
Bank, Of this city. hab declared dividend Of
seven per cent. upon lees than hve months huet-
ness. We think Mt. Lake need not complain Of
hard work, so long II he can divide eighteen per
cent per snuum.
Tbs Second National Bank Of this city hsa de-
cared seuEannual dividend Of ten per cant.
This Institution has done the heavle.t Govern
me1t bua1ne.s IN the West.
in Cincinnati, tho demand for Money IL moce >
rate, md tho market Is ehsy At SOLO per cent per
apnum. Eastern Exchange wAs In good demand
ard h.u At par buying AID 1-lo prem. ceiling.
In st. Louis, Eastern Exchange is 1sm at par
buying and lilo prem. selling.
in Boston, Money is in good supply at the
bapke, and 6i.counts are easy at GOT per ceut
q. d call foans nj bGt6 pei cent
The iuterest on tho following t'eus Of tho
Rold,bei7ing indebtedness Of the Government vii:
L. aru fnts I1lu