, 1865-11-14
FNANCIAL AND COMMERCIAL.


MONDAY EVENING. Nov. Ia
Bnk.ness to-day ruled rrry quiet. There ms a
fair auoupt Of mercantile paper Offering, but the
bankers arr dierouning only 10 their best custom
crs at 10 per cent per annum' 4ne markell Is gene
r11v working closer every day, and The baukess are
contracting a. much rs possible. Private bankcn
arr diecountng second and third c4se paper at 1sa
70 per cent per AunEn- 49, =
The supply Of Eastczn EIchanEe Ia quite mcsere
and The market fem11ns Hr.n ii pr buying and LID
premium ceiling, Round lois were sold To a zn,,l
extent BY bankers 10 each ohe1 ii &c premium Der
thousand.
The Produca MARKETS to-day ruled duu. F,ou,
*ns Quiet and heavy Wheat Has unsettled md Ia
c Lower on regular receipts and ffmer on fresh re-
eeaMa. Com xas lcss active md 1&ac lover.
oats were dull and -hc lower. Rye xas dsDer
harley wa dnll and nominal. RiEhntnea were
aeao higher. Pzogisicna wrre dull md uomtnal.
has1ntss On Change to-day ras comparatively
Neglected, IN consequence Of tho discussion Of the
warehouse difficulties. Quite large number Of
the leading operators hare stepped out Of The mas-
ket tiu the Board Of Trade and the wnzchousenasn
as11se at soane distinc1 understanding, snd tho
general markets to-day were depressed md dul In
consequence Receivers complain that grnin which
naturally eeeks market here IS being diverted to
St Louis and Milwaukee beause Of the reports
which hare gone abroad Of the coz1uptIuns con-
nectet with our inspection eystezn. The mercantile
tFade Is also being Affected By the imbrosllo to
eo1nc extent, md all round there a.c mu&teyngs Of
d!scontcni at the prevailing statc Of Affairs.
There Is some hope that the wnrehouscmcn and
the Directors Of the Board OF T1ade will come 10
terms in their consultations this attsrnoon
and evcning, and that hulcess will ht h1lowcd
10 70 on ~ nsual without any trouble; but With
regard to my result attained wc hare Is yet no
information.
AZ the cate stands at present, u majority Of the
members OF lhc Ioard OF Trade sctm to be Ia favor
Of abolfshtng the Board of Trade inspection syste
ED allowing the warehonsc1ncn 10 gradc The grain
u they p1case and assume the responsibility.
Ihc Provision Trade Il ut stand stlll Only
few Of the packers at work, and they are doing
comparatively little. There Is little Or no demand
for Product by Eastc1n buye1E md a seen 10 be Of
the opinion that prices arc TOO high TO justify opea
tons. The prospect OF further decrease Of the
volume Of paper money. leads to the belief that
prices mpst fall. At any rate merchants are un;n
ling to buy or sell largely till Congress has Assem-.
hled, md IN expression Of tie tutuse policy has
been announced. II il we'll known that Mr- McCul-
3och is determined TO use strenuous efforts to re-
d1ce the currency, nud also 10 prevent any further
iseue Of National Bank Noies. and, although the
rpeculato1s at the East VIII work against him both
IN and out Of Congress, The general ,dea prevails
point.
/ Al a meeting o! the Doard of Tfude Of this city,
held On Saturday evening, the following resolution
WIS unanimously passed:
WHEREAS. II is the op1uion Of this Board that the
general decentralization Of our oycr healthy Eade
and The enormous prices now c1{s,1ng throughout
the country for al Of the necessities Of lite. is. to
great extent, owsnR TO The laIge amount Of ire
R<fotDai. Thai this body most heartily approves
Of the policy Of Secretary Acculloch IN regard to
the gradual Withdrawal from circulation Of the
tame, ret forth in bis lite speech At Fart Wayne
Such expressions OF opinion viii 20 far toward
encouraging Iii. Mccultoch In prosecuting his
work ofredudne the amount Of paper money aaoat7
snd in bringing down the premium on gold. New
York, Boston. Philadelphia and Chicago have spo.
ken in faror Of the policy OF contraction, through
their Boards of Trade and Chambers Of Commerce,
and this onght 10 be better evidence thsn that fur
nis,scd By mere Spectators and gamblers.
Gold opened In New fotk today At 14s1s, and
closed At 1l7.a. The following are the quotations
telcgrsphed 10 james Boyd & Brothers, gold.
1,rnt