The scarcity of money is frightful. As much as a hundred per cent., to be
paid in advance, has been asked upon bills; but we have not yet heard of
any one having given it. There was an immense run for gold, but no one got
any, and the whole of the transactions of the day were done in copper. An
influential party created some sensation by coming into the market late in
the afternoon, just before the close of business, with half-a-crown; but
it was found, on inquiry, to be a bad one. It is expected that if the
dearth of money continues another week, buttons must be resorted to. A
party, whose transactions are known to be large, succeeded in settling his
account with the Bulls, by means of postage-stamps; an arrangement of
which the Bears will probably take advantage.
A large capitalist in the course of the day attempted to change the
direction things had taken, by throwing an immense quantity of paper into
the market; but as no one seemed disposed to have anything to do with it,
it blew over.
The parties to the Dutch Loan are much irritated at being asked to take
their dividends in butter; but, after the insane attempt to get rid of the
Spanish arrears by cigars, which, it is well known, ended in smoke, we do
not think the Dutch project will be proceeded with.
* * * * *