, 1866-09-18

1othis $3.50 0iG.5Q
The Boston money market Is little drmer IN
der The Influence Of an Increased demand, but
there is stlll an abundant supply for all the re-
qniscments oftzade and the wants Of miscellaneous
borrowers, at previously ruling rates. Gail loans
are In good request at 59a per cent on Govern
ment collatesnls or othet approved securities The
demand for discounts nj tho banks l. about up to
the available means Of those institutions, which
now have no difficulty in obtaining 6 per cent uu
good endorsed short dated paper. In The open mar
ket the demand for business paper fs rather less
active, hui rates chow little change, prime paper
passing at 6G26 per cent and the other grades
taking the nsun1 wide rangc, according to quality
aud other considerations.
in Cincinnati there is fair amount of paper
oSc5ing, nnd como OF the houacs reported IN In
proved demand for loans; but currency balances
arc e}owly increasing, and, the supply being
ample 70: MI legitimate purposes, the market is
in comfortable condition. Outside parties still
experience somr difficulty In negotiating loans,
az this class OF borrowers meet with but little fa-
yor al the regular discount houses. Rates Ut it,
tcresl remain about reported in our last. Reg
ulag dcpottors were, In some cases, supplied al
per ecnt; but the leading fguscs in the open mr.
kct, for unc1ccptionable names, are 9G1l0 per
cent, and for good mercantile paper, II per cent
The etrcct rates arc 1!x@1n per cent per month,
and cntside parties are generally compelled TO
pay thesc figures.
The New York Hsrn.d Of Friday eaya: "Thc
banks nrc generally willing to lend to good houses
at per cent on call, but for small amounts
they ask s. On the whole the latter may be
considered m exceptional rate. There Is net
much activity In tle discount line, owing to the
limited nn,onnt Of commercial paper Offering.
The basl grade at sixty and ninety days, Is taken
at 5GsG per ccnt, and the second Mt 6l7. Six
months paper, Of which there Is aome atloat is
mol In favor the state Of trade and credits Is not
considered to require or justify 1t. Such paper Is
almost invariably drnwn by houses here for thcir
own accommodation, and is not strictly bona fde:
The banks. without exception, report a very easy
money market, and generally look forward to Its
continuance confidently during the next three
Munshs ut lcnet-H
The Associated National Banks of New York
secm determined to test the validity Of the act OF
the Legislature Of that Statc, tsauthpriztpv the
taxation Of stockholders Of banks," irrespective
OF the Investments ofthoso inshtuttons In United
States securities. Willis have been issued ont OF
the Supreme Court aga1nst the Commissioners of
Tnxes md Assessments for the city and county Of
New York. md the proceedings arc 10 bc such as
to procure resicw Of the case by the United
States Supreme Cont at It's December ecsrton.
The Montreal money market Il rather casicr
than 1t has been for several wceka back. and we
may look for steady improvement in this 1lrec-
ton uutil the market shall become sufficiently
open to meet the requirements Of trade. Al tho
present moment The demand exceeds very cons!d-
crably the amount Of accommodation TINT can be
granted will safety A large amount has been
circulated In the West By The banks within few
daye, the healthy effect Of which viii be imme-
dlately felt, as it will soon hud It's way TO this
market.
"A snit was brought In the Augusta fGa.} City
Court al the last tcrtn to recover the atnnnrt of