, 1866-03-31
FINANCIAL AND COMMERCIAL


>. FH1pAY EYE11ro, March a.
t,cr4 is no new ft4ture ohre1Yable tu The money
,r.rtrf to.rsr The demand for currency at the !
hnnlt I. yery moderate. and good custouets are
rrrfs1,y accommodated at 10 per cent per aannm;
Snt ,here Il very elo-e Dissemination made in the
ons,tv Of Paper offered, md none Int fra. class
names nass. Street taics art ~seady at los per
eept per month. The market Il ggno,a!ly close,
but there Is m absence Of thr usual pressure juat
before The quarterly etaternents of Tho National
lanks are published
In connection With theae quarterly siatements,
1t proper to stale that they are entirely useless
M ~ they pretend 10 be guides 10 the public IN L.
nanc,al matters. Fc think the 1ime hi. a1stred In
the hietos5 Of this c1t5 when m average weekly
statement OF the banks Of this city ought TO be
made 10 The Clearing House, and published every
Monday, ns IN New York. This is public necesn-
ts, and M further delay onght to be msde in carry
hight out.
The market 1or Eastern E1ch4uCtts leAe active,
but Tic supply continues light and tho market is
firm at par buying sud 1-l0 premium selling.
Round lots were sold anonR haukexs to-dzJ 1t 7oc
pes thousand premium There Ia very little ex-
change making II present, but the demand Is less
Ac.ite.
The general markets to-day rnled very quiet, and
prices we're weaker. The Provision market vas
tul. and heasy. Eholce Flour wAs more active and
shade nEn,ef. Wheat was quiet and without ms
te1ta1 change In price, Corn vas steady. Oats
were unchanged. Rye was ea*ter. Barley was
ftcadY. Hiehwtoes were htaenant.
The B1cvoutt Insurance Company, Of NeH York.
has concluaed to wind up Its affair. Inc tele-
ctsph informs this nan.ntng that It's outstanding
1ir1s M11l be reinsurcd By 1ht Metropolitan lnsur-
ance Company.
The Eoard OF Trade annual election takes place
On Monday uc1t. The coute=t for The Presidency
II DOW narrowed down to Aeser=. Randolph. Nc
Cheney md Dore. bfr. uo1EhtelIng positively
,efnres to allow hls nArre 10 be uftd IN connection
with the of1ce, much to The regret Of his friends
since the National Bauket's Express Company
has been swp1lone ed up bY the Adams', American
and United Sfa'es Companies. The disappointed. o.
rather betrayed, stockholders 2r1 trustees have
taken stock tn The Merchants Union Express Com
pauy, and arr determined 10 aid IN making III
grand succces. The manaeers are a!i active, F1zos-
ous buslnets men, and the netr Company r71l start
out with business equal II not superior 10 tlat OF
any ot the old corporations. Offices arc being O.
tabfshcd In al III: tonn4 and cities OF the United
S1aief.
This bring Good Friday, there was no regular
bos,d held IN New York, and our quotations for
gold only from - the strcct.'' 1t opened &he7c
ut as7h, advanced 10 1s7s4, and closed at1a7E:
Here gold WIS sold On the street 1t LIT 4G1sIH.
The Chicago Stock hos1d held no session. md re
have no STOCK quotations, bnt there was NJ esse1-
I
| lin New York money On call Is plenty at 516
pcr cent md hsoEets' accounts ere made up with
grcat facility Commercial paper sells nj 1z27ix 70,
tho beet. md there Is nothing to be had at lesa :;
cooa bills, 69s, And fair, 10@15 per cent, and
good deal that wnuld be parted with 4. even higher
| rztes, buye1s could bt found.
The Nr~ York Conunsresat Adre,sixer Of
Wcdnc4day contains the following:
>%There II more than The uEnai amount Of eau
ton respecting Nry Goods paley, the result OF the
!ose< 10 which thai branch of the tsada u exposed
| rom the decline in p1ces."
| - The Fittsbureh Con1merczn Of yestefdaY states
tla. the laiiurc Of Nesstx. Cnlver. Penn s Co.. Of
New York, has discFrdIted the following banks:
OIL City Bank, OIL tity: R.nk Of Crawford Comfy,
McaoT1lle; Veuaueo Back, Furk1ln; and tic Pc.
tro|eun Bank. IausvIlle. The same paper adds:
'"1he notcs Of these b7nks ara NJ Logger re-
hey src refuscd b. ii ihe hsoE=rs% IN nd oauEss IL.
Culver w1s alto Interested In several National
banks, t1t tbe notes Of such institutions are amply
lation. We are Informed that Nr CplTer hs- as
enrtd the public, through hts nclnces that he will
H able 10 pTo.ect the noies Of al hts hauks, and
irg With tbe1n."
Tic y. i. Journal oj Cau2n<rcz Of Nodues-
day last contaius the following:
t1t ought to be generally uude, stood that tbs
carse about the foreign loan contains within It tbs
tarsrft JOB yet undertaken in connection viii the
Government finances. The Unexplained more meut
II the public uebt reported iast n oah, and suc.es-
elem. nfs Of individual gain 10 be compared viii
fhc establishment Of new Aner1can honse iu Lon.
don, tn1 tbe pnfpote Of handling the patronage 10
msjo1tJ IN Congress; nut coupled with the 1notise
commanding 70 VIDE m Influence 1t Is prob
s1f p9ns ese VIII VI ssp segpa + snes
tho American ntcal agency were tous transferred
10 London. 1hAn 10 make 1t The Foundation OF ueW
honte that would rival any Of the present bankers,
aEc young, cuterpeistng, EayoEahIy connected here
10 recure the neceesary political influence and.
We cxcFp' Tic D1ncAuf, ia batter po,lto 10 han
dle isrce .nie1nst'oEal trade 'haa any firm now
county ahtosa We regard II, therefore, rs fore.
gone eonansaon that the pfoieet will be eucces-ful
1nd the New American aecacy. supported by tht
business At the outset, WILL. long, dtstance s
OF Is cider 1yas. and leave to the latser pply The
| broken cumta Of their present prosperous trade u
We have I'D tdea that The s'1orelsn loan " clause
Will pass the fenafe; 70 that the "joo y mentioned
abose wt1 probably be spoiled. There T. IN innate
dctestsion in The heart o! every American aga,ns,
tue Government oter.ng loan in my fo7eler
tounsry-
The Common Council Of Rochester ha. passed
tsaee Of resolutions against the proposed Niae.,
Ship Canal. or cou1sc Rochester won.d oppose
the tchc.ne- It might benefit eone other email
town noIe than It MpnId Rochester.
| In the Gre OF ce1tatn New York brokese tho
Supreme Cont OF the uulsed States held that 4
broker tf chssreable On purchases oE securities
made on his account and for h,t}oNn benefit, the
sn,oe Al on his commission when purrna 4tn- 70,
othere.
L The fo1lortng are The comparative earnings o
the Michigan Southern iiatlroad for tho third wee1
In March: