, 1866-05-23
FINANCIAL AND COMMERCIAL.


TuEzpAr EVENING, May e, 16s5.
The lending topic OF conversation in hnaocaal
clrclca 10 .day was the monetary panlc which has
taken plsec in England and the heavy failures
which arc reported. It IL naattcE o! e$rct thxs
esns,ng the fniturea NC fud the na1ne Of Pcto q
Bcf.4-thc principal OF which. Sir Morton Peto,
mad us vietr last year. Among ali classes to-day
VI hayc heard nolhipg but expressions Of tytnpa-
thy ncnc,cs his name was alluded to-, lie was one
OF tue lev friends wh,ch the Unlsed states had
among the wealthy classes Of England during the
dark days Of the rrbclllun aud We ana crc1! loyal
apan aud woman In ihis conntEy cannot but regret
That Ills house has been forcrd 10 Temporary SUE
pension. But We have every confidence that he "u
get weather. the storm. such man as eiF Mos1ou
Pe,o cannot be forced down hy snefe p3nlc- lie
will rise arain and recover more than he has lost
While he waa in cur c,ty wc eaS him only few
momen:E on Change, Int from hts history snd
character We look upon him as man mol TO DC
crushed b, mcrr financial panic ...- -..
The prompt tusreusion O! the Bauk Charter act
Il 4 severe commentary on the dtstrsbes which
were poured upon our heads bs English journalists
and tsa,estucu. when. during the prosfers ot the
rebellion, we suspended tPcclc payment and passed
The Lgui TcpEer Act. When he English Govern
1neut lAs to suspend the operations OF lie Bank
Clns!e1 Act upon Tie mere suf1nist ihat Ear i
about to break out in Germany, We can imagine
ph4t would lake p1ace II England atsc1 ~as in
volyed m war Of any magnitude
some tearr are expressed that The financial pzldr
On The other Eide OF the Aan1c ra1y spread 10 our
own ehotef. We hare no erch apprcnenelnus. Our
pcople have been on the lookout iof pantcs esG
rince tic bEcaktn. out ot the rebellion and Jet We
have etcn gold in les than tn years faf from @3
10 49, and no 1anc, except among .peculators hss
been experienced. We hsve no doubt but sone
heavy loseex will have to b. me: In this country. By
parties doing busipces with Ea.tith houses, but
there Will be no general dlsaster. -.-.-.
The !mtned1ate effect Of the news by the Liver
pool steamer yassesday eVeutug va. To cauee an
advance In gold, and slight depression IN Govern
fneut securities; hut there are no fears o any sab
etantt.l changes in consequence. A= long as the
Government hiss fso.0e0G0o 10 eold on hand and ID
disposed 10 sell II, there can be no ma esial ad-
vance In gold which viii have permanent thar-
nt1er-
The money market today WIS quiet and easy.
Some baukere 1rport fa:r demand for currency,
but the mstos.ty complain Of tc1sccify Of good
prper. We have therefore to report the market
easy at 10 per cent per apnum- Inferior piper
taken By t1rcci brokers At = discount equal to 20
u; per cent per month.
The supply Of eastern exchange IL moderate. but
The cculud Is sui very active anu the market Is
hsmcr. Very tew Of the bankcse had any 10 spase,
and tho sales were tight 1t par- The counter rates
are s,eady At 10 discount 10 paz buying, and 70
G1-10 prem. selling.
The genetai proauce markets. were eomcwh1t ex.
cited toaay. and We note an advance in the prices
OF tno.l as,icles. Flour WIS quiet. Wheat was II.
regular and md closed &c hlgter than ut the close
Of 'Change yesterday. Com ruted 2GSc higher,
Onss auv1ncs d 4@13c per bushel. kYe adsAnced
4G5c. Mess Pork advanced C0c per bbL Bulk
Meat. scsr poorer. Nhskey vi. dull and p1lces
nominal.
Gold ~. excited to-aaY and closed HIGHER. i
opened 10 New York 1t 1908. advanced to 13sA aua
closed n 13Sh. The following ase the quotations
xcee1aphed to james boyd + Brothers, gold bro