Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1863-09-16

From the view York Independent, sept. Sd
The market continues well supplied, but
there Is some increase of demand, and some
disposition on the part of lenders to limit
their advances on the more speculative Kind
oi securities Government stocks are the
fayorite and acceptable basis Tor call loans,
and on these money Is easy to obtain at 8 TO
per cent Business paperls scarce and wanted
at to per cent. for wclliudOrscd paper,
and - 70 per cent for single names, accord
ing 10 date, from TO s months Gold has
risen again. On Monday it reached ga per
cent. The export of specie last week was
heavy, being 81 ,519, 14u, making S29, 5Ol, S32
since LIST january, against $50, t6l, i2O similar
period Of 1862. The banks show an increase
OF Haii . million specie in their daily average
81 lust week, which Is returned by them at
81. U3U.u55. The same returns show a large
increase OF loans and deposits, which now
respectively stand At SI56, AS, 6lS loans, and
SI5G, 16l ,G25 deposits. Money Is in demand
Tor moving the crops from the West, for
which the balances in bank are being drawn
out The rates of foreign exchange have
advanced, and quotations are now lilo to l4I
for bankers siNtv-day sterling ana f.OJ to
tg5z tor francs On Paris. Tue receipts Of
gold from California are light, but instead
there came from California drans on London.
The exports Of produce are falling OF, while
t3Tic takE liGICdSAil-5 lpl lttC
yy1ssF. IS, 2S0, 64l, and since 1st January,
1920, 604, 572; exports of produce, s3,o11 ,2o5,
and since lst January, Sll6, Hes zoe.
The large yield of crops IN Europe have
given a marked check to our exports " bile
the great abundance of wealth distributed
widely among altogether new recipisnfa uaad
tAe low price OF produce Increases con
sumption OF goods foreign and domestic.
French jewelry IS coming in in heavy amounts,
and our ucwly -Inadc rich are eagerly taking it.
The receipts of customs IN August at the
New York Sub-IreasUry were S6,U2o, 5t9
loans IS. 4I5,aol, Internal Revenue 81, $50
@1+-showInE our principal source Of revenue
70 Ice from the Post-Olhcc department, which
Yields SS5, IuS. The greater part of the Gus
tom receipts Is in gold
On the stock exchange the sales are very
large of all the speculative securities, but
prices vary up and down continually. The
market. however appears substantially strong
under an easy supply OF money. vet the ne
cessity 10 realize % pay oft loans called IN,
and to make good contracts, compels Teac-
tions followed again 10y forward movement
temporarily. Regular uon-SpecuIatiye divi-
Geuu-uaEiu- securities are WCll-ltld. and do
not tluctUate materially
The volume of money exchanges has be
come immense. The daily exchanges. through
the Clearing house alone. are 500. JuQ, GOO. an
unprecedented sum. Last year this time they
we're only 80, 100000; and two years ago
only SI4, oU0.JUo. We have already remark
ga on the great steadiuesS OF Government
stocks. [. :. 6's Of 1881, coupon stock. are
1914. L. 5 IS Of ISL -. The 1908 are
lu.z. L. ). I-year certificates 9%&l@ lol1, and
the 5-2u's AZ par and interest. These latter
continue 10 be subscribed for from all parts
OF the country. The savings of the country
are, ia part, flowing into this fayorite invest
ment, The city of New York has put So
pst,ppt Of It's per cent. bonds on the mar
1et, partly 10 pay the riot damages and partly
70 provide draft substitutes The Banks and
Insurance Companies are subscribing. The
Broadway Bank has taken 100000. and the
Lorillard Insurance Company $4,000.
A Boston man has invented = new
pocket. that he calls "thief-proof' Ourpeo-
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