Abstract: This paper deals with the motion of viscous liquid column with finite length and two free surfaces in a vertical straight capillary tube. It is assumed that fluid is Newtonian. Linearizing the boundary conditions, analytic expressions in the form of infinite series have been obtained for velocity, piessure and free surface at low Reynolds number. The numerical calculation is carried out for a set of cylinder's length of water and blood. It has been revealed that there are considerable circulating currents at the upper and lower meniscuses. Its maximum velocity is about 57% of the average velocity of the mainstream. Inertial effect is also studied in this paper. Using the time-dependent method in finite difference techniques, numerical solution of the corresponding nonlinear equation at R_e<24.5 is computed. Comparing it with analytic exact solution at low Reynolds number shows that inertial effect is negligible provided R_e<24.5.