, 1866-09-12

College Scrip, ic0s. gimtH
There Is an active demand fot Local Securities
and tic market is firm. There arc buyers OF Cook
Comfy scvcns at 07!ss, with sellers Al os. Mer.
ehan:s' EzlFcks Is held at u, with buyers at 1ax
Tc atst cabis despatch to-day quoted Five.
Iwcnties at but tic afternoon adriccs report.
I'd t'c market at ia decline Of u. Erie 4lS,
and Consols at Egx,
-1hc Cincinnati money market Is active. De-
1'ohasots keep their current accounts close, and
want ,corc !aroFs In The discount line thaa th:y
ust,siIy do At 'fis eeason OF the gear Rates Of in
tc-cst IRE consequently firmly maintained.
Ii Is stated IN foreign papers TINT every Ger
man prince has hcdgcd ogathst the future tY salt
ING down Tor himself i la.gc lt1a Of American &C.
cnrtt1eE, and :he King of Hanover Is reported to
lave hai1 million in Or 1uan,
In Boston money continues very plenty. The
teinnna bring insufficient 10 give employment 10
the idle balances which ase accuinnlatsng In the
banks cn1 In the hands Of private capitalists,
Eltcs a1c lesinnIug to feel the Influences OF the
pIthura, aud call loans arc accessible In tue best
borrowers Mt per cent ard easily ol,tafnablc at
yer cent on pledges Of satisfactory colaatcrals
FOR mercantile paper there Is very f,risk inqui.
rs, Will, an insufficient amount Offering, Prime
E2prr now pssses quickly at ) per cent, and good
not-s at CG5'. The lower e.ndes never receive
mich advantage from the ease In the market
rsttt note bnyerr being iudisposcd 10 take mnch
1is even FOR an Increased Icr centagc OF interest
and they consequently a1c negotiated with diill-
Guilty Ut rieh ratcs.
--ln New York The most general rate On cali IL
Fer ee't, with exceptions both at per cent and
apef cent. Discounts remain comparatively in
ac,isc. There Is very limited supply of produce
bis; dry goods auction paper Il offered In mod.
ernie amounts, and II taken Mt GCle per cent
Tho last foEty-aye miles OF the Un1on Pacific
Ha'l' oaI have been accepted by the Government
Commissioners, and the company will be in pos-
etssion Of <s:o, ,ec0 In bonds next week.
The New York Hf7afd Of Monday says that At
irescnt there is large amount OF idle capItnl So
atcistns employment, md rates favor tic borrower,
although there llas bpcn FOR Two days past somr-
what more active demand for loaue.
III Il s,n,ed that the Secretary Of the Trcaesry
Ens announced Ills willingness TO convert COM
pound inteIcst uoics into Htc-iwenties upou
tile following terms: The Interest notes will be
received ard interest allowed npon them to date
OF conversion. The converter will bc charged
Win rue hsr-Weniics At the rate they arc quoted
In Wall street at time tho exchange IL made.
-The Financial Chronicle Of Saturday has the
following:
''Ihcfc is new item Of s1t,75o, ,ooo added to The
funded portion of the National dcit uuder ilc de-
sciipslon Of the Navy Pension Fund. Why this
n c,, slsdts % noM Tor tue tsi ,e where Il has
EoW lta;s; are guesl!ons. concerning which there
ls good deal OF curiosity Just DOW. III rcplv we
was originally slcrlsed iron Tic cemmnfai iinn nad
iy private citizens for exemption from service
na .,nS rs, siG wa1 Ie as.sEate funds thence aris
the War Department still holds some So, 70U.i Of
i. The Nary department investcd liz n,nIety ill
~ purchase ol bonds q 1881. Fiye!Twentics and
nlher government securities, and, on the aursen-
der Ut these bords, thu Act or Congress-. pnssed
last EuarncI at the instance Of Mr. Grimca Chalr-
nan OF The Committee directed this Navy letsiou
nEu, uE IL vas Called. to hn tn06r .,f he
!;o,srEmcnt by simple Inscription On tAe hooks of
We ntesumc, hecn su1.l by Mr. alcCailoeh, and. al
the pcnslum Of -G{ti per ceat, there viii b. ain
on ihe transaction Of from Sssi,ou0 TO <;u5 5l0''
Tie New oTlcans money market rzhIblta no
change. There Las been moderate business
done III mortgages on improved real estate, at the
extremes Of seb15 rcr cent per annum, the rnlsnr
rates l'esng 1oG12, while only limiicd amount
has been done in loans on call, or for temporary
periods, secured by approved coslatcrals, suca us
City and State Bonds, lavoriic stocks, cotton in
r'esf, etc., Mt per cent per annum in bank, and
per G mt per month In The open market.
Tho Associated National Banks Of New York
Seem de.c: to test the validity Of The act Of
fhc Legislature of tha1 Stale, "'autbo.ixfue tho
taxation Of e1ockho1defs Of bank." irrcepectlyc ar
tie Investments Of those Institutions III United
States Securities. Nftts have brcn ietucl ont OF
tic supreme Court against tho Commissioners of
Ia1rs and Assrsencnts for the CIty md County of
New York, and the proceedings arc to be such as
10 procure review Of tho cases by the uuItcd
Ssa'cs Supreme Court, at ite December scsstor.
= The London correspondent Of the F7naneia.
Chronicle. under date Of August es eaya:
Money ont ol doors IL obtaluaoic at as loy II
pankc1z six nlanths' accrrtanecs. which asc E1ea:
paper. tho current quotations In lie uDen n,rknt
arc !sGi per cert below those OF the Rank OF