Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-11-20
Prepared for the Rutland herald
Monetary and Market Matters,

The propriety of establishing National Savings
Bank ana Annuity Office is being discussed in some
quarters, and very many favorable arguments are ad-
vanced In vor Of such an institution. 1t is proposed
TO have the institution represented in New York. Bos
ton. Philadelphia Washington and most of the prin-
cpal cities of the Union by branches which should be
required to send monthly weekly reports of their
transactions to auditor under the supervision of the
Secretary Of the Treasury Also to fix the rate at ok
per cent per annum on all deposits remaining at least
ak months, and one cent per day every hundred
dollars temporarily deposited. Ordinarily, Savings
Banks cannot afford to allow interest unless the money
is left specified tme but the government has ready
use to make OF all money the people want to deposit
and has way, peculiar to ITSELF of paying debts with
out any serious ineonvenenoewhch could be used 10
good advantage in paying deposits. There are many
favorable and unfavorable views which can be taken of
this matter but spaos will not admit of further
notice at this time
Gold is offered for sale at the brokers' board in
New York and the price has an upward tendency On
the 18th Of September it sold for III ID and contnued
rising VII VeoPer 10Th wen it sold for 1877 l2 Since
'n" at has been considerably below that figure In
1872, gold sold in London for Al per cent. premium
1t has always been the custom of banks to redeem
bills that have been accidentally torn or mutlated and
many people have the idea the government do the same
thing, which The Secretary of the Treas
ury has decided that he will only allow according to the
amount presented For instance if one-ifth of a ten
dollar note is gone he will only allow eight dollars for
il, &C. Many have forgotten this fact aud we mention
1t as there are great many torn in circulation
The postal currency not issued fast enough to sup
ply the wants of the people Shnplasters are nuis-
anoe, but from necessity they be tolerated for the
present.
Revenue stamps OF all kinds not Yet furnished by
the commissioner 1t is expected that they will be in
few days 1t Is now two months since the time an
pointed for their delivery.
1t gratifying to see how much confidence the 6nan
ola, men ot the country have in the government Tha
offer. f. the balance of the $40 loan amounted to
$40 soa a50 I'd bids for less than sos o5 were ar
cented 'rhnra $, intimations that Secretary Chasa
viii hereafter rey on ans to the expense of the
war, instead of continuing ne issue of demand notes
If he does, the great money which are now
lying idle will be absorbed, and if tho war continues as
some apprehend 1T will, there may be .rlnseney IN
the money market, When Congress meets, Secretary
Chase will probably make known his intentions.
NEW YORK MARKETS.
quote Middling at 50 a zoe. w
FLOUR-rhe demand is less active for Western and
State Flour but prices without essential change
FRUIT-Rasns are fairly active and steady; sales of
1000 boxSs at sio5 for Layers and So 80 for Bunch
net cash Other descriptions moderately active at
z
cases CitrOn at 43 45e; $50 trails Dates at l-2c
100 bags Sheed Peanuts at SC; Is bags Naples Wal
nuts at l1c % cases Figs, drums 6c 1000 drums
Sultana Raisnend $50 cases quarter-boxes Sardines
on private terms.
GRAIN The Wheat market is without change.
Oats less active and per bushe lower sales
ot2l,o00 bush. at IS SIC. for Canadian and 6T Csc
for State ana Western Rye is quiet but scarce an
hrmi small sales of State at e0o. Corn is more active
and better sales bush at SO 69c for sound
70 tic, for sound shipping mixed and 70 74c. for
fair to prime Western Yellow. a
PROFESSIONALISM is steady, and in fair request
sales Of 1000 bbls and ties. at SO l0c for Steam
and 10 10 l-2c. for Kettle Rendered Butter contn
ues in active demand, and quite firm at 90 &c. for
fair to choice State in tubs and rkns; II zoe. for
Western Reserve Ohio, and IA lie. for Middle and
Southern do Cheese continues in good request at full
rates. quote choice and extra State at 10 l-2 l2c
common TO meiium do. at a l0c. choice and extra
Ohio at IL lee and English Dairy do at IL a l2c.
Eggs selling at 10 pc. for Western Pennsylvania
and fresh state.
WOOL is in improved demand and prices are MAIN
tanned with increased frmness, influenced by the rise
in cotton sales of $4,000 lbs Coarse Native Fleece
81 lie. 10000 do. Mixed do. at Ode 10000 do. Fine
at Csc. 100 bales Unwashed Cane at sc IL 81 lie,
ana ,so ~. Cnwashed MeStizo at "a 2Sc.
BEEF CATTLE-Some extra good Beeves may be
quoted at Sd 8 l-2c z.s
The general average of the market at Lao.
The most OF the sales range from to Sc.
Total number of BeeTes received in the city this
ok, 1923.
we = 1893 head than last week. and 43S head
ini. A., n the average of last year.
noJ The quality of the Sheep in market this
81 = - w bad; there very few lots that will
wen ioo ib nd but few that will sell at prices
;sit e. cents DER b.; yet heard an offer from
of Tho hest large VIII rlesale butchers of cents per
h. for quantity of fat We hers, to average lilo lbs Il
brought in within week.