Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1862-10-30
Prepared for the Rutland H~ald.l.
Monetary and Market Matters.

monetary ana uoKAob A0ssOhvs
The annual report of the bank commissioner Of the
state has Just been ssued and it represents the banks,
WIN Soma exceptions in prosperous condition. The
f mers Bank at Orwell has been in trouble for somo
time and the report this year does not represent IN
so good condition it last year. but the commits
soner thinks the public need have fear In regard
this bills as the circulation is limited and the bonds Of
the directors sufficient security for its redemption
The whole amount Of banking capital in the State at
the present time is 1911 900. Since the last report
the Rutland County Bank has commenced business
with capital of $4,000 and on account Of losses the
capital stock of the Bank Of Mortified has been re-
ducea US Oo0 and that of the Merchants Bank, Bur
inston, ssO,OoOmaking decrease of the banking cap
tal the State Of 5000 The total loans of the banks
on the first of July sl6,44issl .i6-Being
decrease of the preceding year; and
the total amount Of circulation at the same time
si,SS 1859, being an increase of q, 7S2,255.
The stagnation Of business will account for decrease
in loans and the withdrawal Of all coin from general
circulation the immense amounts Of money which is
lying idle in the hands of tho people, and the great de-
mand for currency from all quarters, accounts fer the
increase Of circulation. The whole amount of dvi-
| dends made by the banks during the past year
s266iO0 Several Of the banks charters expire this
year, and they will all, probably, be renewed by tn
legislature this session. Under the present state Of af
fairs there is nothing for banks to do ami every
man at Montpelier has pay for his oyster sup
pers and the delcsces of the provision market are
somewhat limited think the Indications that no
| new charters will be granted this session.
There are ut the present time ten Savings Banks in
operation in the State, and the total amounts now on
deposits is 81 $780, 49, being net increase Of sll2,
446 s2 during the past year. 1t has been impossible
for these institutions to make desirable loans
pond with the amount Of money which has been offered
consequently they have in instances refused TO
receive large deposit As fur as We have been
able to learn they have endeavored to take Of all
that has been offered which could properly be called
| sdrings.
The traffic in gold IS being carried to a consider
BILE extent in this vicinity, and very
lit will command much higher premium next
'nA than it does The only reason why specie
1ds so much premium now is speculation which
0on'hA uus so long the market can be controlled
VIZ 'onA 70 have large amounts hand So long as
~ auch uncertainty in national affairs,
''o " % uand more or less premium Nothing
'po''o "ii o'n ut some grand victories, which will
0An piV'e' 4" te the result of the struggle the
time when it will CT, a that hs;oe. Iii ~
proof to doubtful nina ,ol -, - -
former activity. No 49,. :, -. -.
will get back on to specie an ~ .l - - -
e - 'Ne eo issuing treasury
nv ,a1n ay, and it reported
notes al the rate OF foVOOuU per -,
that Secretary Chase will apply fe :; I;,it
tinue issuing, when he has reached h.
Every business is daily nquirins ant;sI.,.-,
stamps The reply is that ''goyernm '--''
times" No need be alarmed about IL '''''',ei'
because every instrument is valid which is iss O0
fore the first of January next if tn is not amp
on it, and fine be collected till the governm.
fulfill their part of the Law by furnishing the stamps
Is To fhe nF.p I
tant documents if it be done, till the stamps can
be obtained, which will probably be soon BY adopting
this course, no questions possibly arise.
NEW YORK MARKET.
CoTroN Manufacturers have appeared in the mar
ket and bought quite freely to-day and at the close
there is much stronger feeling, with slight advance
in rates; sales of Middlings at 50 IL a Co.,
FLouR.-The market for Western and State Flour is |
more active and decidedly better under moderate arr
yals, further advance in Exchange and easier
Ereights which circumstances have enabled holders to
establish an advance of Is 25c per Dbl the low and
medium grades. Trade brands held higher but are
irregular The sales are 2s,70Obbs at 1856 1896 for
supertne state and Wesern s6a 1925 for extra State
closing at $500 $685. $3.50 $3.50 for fancy do; 1926
$3.50 for the low grades of Western extra; $500 ~
for shipping Ohio, and $40 $3.50 for trade brands;
and $3.50 $40 for family brands
GRAIN-The wheat market is more active and pa Sc.
per bush. hrmer, owing to an advance in exchange,
easier freights, and moderate arrivals, which have
stimulated the export demand The sales include 20S
go bush and consist of BUSH Chicago spring
40 ciub at 81 81 80,
20 400 do Amber Iowa at $3.50 sl32 l-2; l9, 400 do
White Michigan at l.50 sl.55. Corn is in good de-
mand for export and the trade, and is rmer; sales of
llSOO0 BUSH at IS Csc. for hot, warm and blue-eyed
~ Tic for shipping mixed, and &c. for yellow and
white western.
HoPs-New steady, and in good request sales of
400 bales at IL Csc for ordinary to choice quality
LINZ Is scarce, and the market is quiet but firm, at
zoe for common Rockand, and 81 for Lump, cash.
, PRoyisIoSs-The pork market is lower and closes
neavythough the arrivals not large, but good in
curry prevails at the reduction; sales of $50 bbls at
$io SSI2 l-2 for mess, and $l2l2 l-2 $i2.25 for
prime. Inc government contract for ii 500 bbls US
nal order, was awarded at 1885 1850 for mess.
Beef steady and in fair demand sales of $40 bbs at
$l2ao $3 for plain mess, and 1857 GA for
ira. The government contract for 5000 bbls extra
was awarded at S4.23 3l430. Butter is steady and
IN better request at % Csc for choice extra State
IN hrkns 20 &c for fair to choice do. % 24c for
no. III " ech tubs Cheese is firm and in fair demand
at IL lie for choice and extra State; IA for
do Ohio and Ia 10 l-2c. for English diaries.
SkEDs-fhe supply OF prime clover seed is light;
small sales at IL l0c. Timothy seed Is selling al
S2.06 IA a. rs per bush
TALLow.-The demand is good and the market is
firm, sales Of Us, 900 lbs. at III IL 35c. for WESTERN
mostly at IL IL Lac. and II l2 for City. Also 200
lbs. No. 2, at 10 5-sc.
BRRp CArrLx-some extra good beeves may be quoted
at sc.
The general average Of the market at Lac.
The most of the sales range from IL to lac.
lows AND CALvRs-Ihcre is great change though
COWS arc selling better than weeks back, and
owing TO the advance Of beef to-day which will draw
out good many Of the swil-fe in the city, the
market DDS falr to be better for fresh mich next
week. Nomnally the price of fresh of the ordi-
nary run including calves ia S25, So IS, 40 and as.
sHEkP-"Fhe market is ticky," was the answer TO