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prices bet the two dates March 22. April 4. 8: 561 081 ets. ad. $5.69 Lump 11 66 577 Store 15 5 45 5 60 Steamer 60 5 45 6 15 Egg Dec. 72) 6 69 5 971 Stove 09 5 31 5 40 Chestnut Average advance (except on stove) 23icents per tun. The business of the Sub-Treasury was: Receipts, $1,236,368 89-for Customs, $394,000; Pay yments, Bal$1,926,870 93-on account of Loan, $97,000; ance, $81,119,891 12. Gold notes, $909,000. Freights to Liverpool, 500 bales Cotton, at 5-16d. 15,000 bush. Corn at 31 @4d. An Italian bark from Portland, Me., to London with 30,000 bush Oats, at 6d. 32 lb. The National Intelligencer makes the following comments upon the financial situation: There are everywhere seen mysterious and alarming of a coming financial storm. The excess an irredeemable portents paper currency has done its work by exaggeration of prices. by an accumulation of merchandise. and by promoting enormous plenand hazardous engagements. Paper money is as that tiful forest leaves. For once, Wall-st. admits for as is easy. because there is little employment it. at Gold money has fallen, and will not soon regainits place Dry and products of all kinds are Ling. thirty, in ported and domestic, first began to tumble, The goods, and their holders after them, in many instances. No decline is gradually reaching other products ever came so suddenly and devast tingly rinderpest 88 this revulsion will fall upon speculator deupon cattle There is now a cessation of mand and manufacturers. for goods, and importers and manufacturers loss. are glad to reduce their stocks. at a very considerable persist in The largest of the domestic cotton factories idle, running. though at a great loss. rather than be and hazard a disorganization of their establishments. reaction The general causes are as plain as any other to undue excitement. The special causes are John after an too, in the impression which President be found. restoration policy has made in Europe. The most of son's of our opponents and the most desponding Presijealous friends abroad are equally well convinced, by and our Johnson's Messages, that for this Government dent nation there is a future of power and prosperity this unlooked for, and surpassing all the followed most 88 guine bitherto predictions. Political confidence which is had at one by securities, financial credit; down to and 40, have our risen to 70 in England, and 74 time run Holland. Perhaps $300,000,000 of our 5-20s and the already held abroad. Then, again, since 10-40s of are the war the South has developed an increased close of cotton-about 2,000,000 bales- may as quantity valued at $375,000,000. This quantity brought have much money as be a crop of 6,000,000 bales would brought The exportation before the war. of Government bonds and of in cotton the necessity of exporting gold pay enormous and still has thus been turned in our circumstances. would under ment have Exchange for superseded ordinary our increasing facilitate circumstances favor, importe. a which, return payments. Beside all these commodities, to which specie have favored decline in gold and The receipts from California have been large. effect ex- in contraction has had the stagnation of trade. We have larger followed causing the pected currency overaction. present sold, stocks great even Reaction of at goods very has in warehouses than can be fullpiled up The South came into market handed reduced last prices. Fail, and so did the West, but they means. are supplied to the present extent of their wantsand Petroleum is more disposition to sell than to buy. Petroleum There have led to the failure of some National specuations banks in Pennsylvania. This is another failure sign of financial revulsion. An accident like the revulof Ohio Trust Company in 1857 may bring out a the that did. Fortunately whatever may happen sion National as banks, the note-holders are secure-they to can go to the Government for payment in greenbacks. From The Bank Note Reporter. Bank, at Oil City. This bank is A State not in Oil City with a circulation of some $260.0 secured stitution, by any bonds. We believe the circulating notes of this bank have only a nominal value. Bank of Crawford County. at Meadville. This is bank with about $350,000 circulation, not secured. a State It had filed the preliminar y papers to reorganize in Wash as National Bank-had deposited some National bonds Currency. has never received any Co." is ington-but impression is that the Bank of Crawford Our bad A failure as the Oil City Bank.' not as Bank, at Franklin. This is a free State Venango converted into a National. The old circulation deBank $130,000, secured by 7.30 Treasury Notes is about at Harrisburgh, and $50,000 National Currency, that posited deposits In Washington. We believe secured old circulation by will be taken up at its face, after the delay, probably at Pittsburgh. For the present Cursome quote it at 10 discount. The $50,000 National will suffer no discredit. rency Petroleum Bank, at Titusville. This is a free State circulation some $200,000, secured by 7.30 Treas- we Bank, Notes deposited at Harrisburgh. Its notes, ury will be taken up at their face. at Pittsburgh, This believe. some delay. We quote them at 10 discount. National after Bank had filed its papers to reorganize as & Bank. Penn & Co: owned but a small Titusville, portion of but the Culver, of the First National Bank at the unstock New-York account was with that house. In its certainty of the moment it suspended. It losses has since are not sumed business on a solid basis. The of sufficient to impair its solvency. Its managers are and solid class of local citizens Its drafts on Culver. sound Penn & Co. are cashed by the First National Bank of this city. These are all the banks that are directly hurt by the failure of Culver, Penn & Co. Other banks have been placed in the broken lists published in the newspapers. Cashier of the Bank of Lawrence County writes that The his bank had DO business with P. & Co., and the no loss whatever will be sustained in consequence of failure, List Repeated. 75 et. dis. Oil City Bank, Oil City, Pa Bank of Crawford County, Pa Venango Bank, Franklin Pa. Petroleum Bank, Titusville, Pa. PAR. All National Currency. broken or not, The Cincinnati Commercial of Monday says: Exchange is scarce enough to keep bankers close up to the point of shipping legal tenders. The demand 18 steadily large, and but little is making through movements of produce. Ten per cent is stated as the ruling a rate of interest that money is worth on first-class customers paper. k d The Chicago Tribune says: The money market is closer to-day, in consequence of a disinclination on the part of bankers to extend their discount lines on the at day of the quarter, and just s before making their quarterly statements: but there was no particular pressure felt in monetary circles, as $, the demand was comparatively light Die ounts are S steady at 10 per cent per month on it street. Eastern still y is exchange is still scarce, but the de d to-d at in ar buy. light, and the market ruled quiet a. 1 ing. and 1-10-premium selling. Th bankers enerally e bought as little outside exchange as possible. THE CROTON NATIONAL BANK of the City of New York
