, 1866-10-27

Fn1nAI E,ExINo, October 20.
4 circumstance came to ons knowledge today,
1l1at IL 6f vIia] importance to the ban&tn. md
f:.larcial interests Of ll.c cay. tbs well known
that wasci ouse receipts compose tho great bulk
Of the securities, on ',hich advances usc made.
These ,cecip.s arc merely indorscd bY the patty
wlo owns ,hc r.ope,ly. and deposited with uac
hank, as q collateral for the losn granted. Yes
Ic,tlry II Ea,lspf:cd that warcllouso receipt
pu1lo1 ting 10 cover pork 10 the amount Of nearly
c:,0Cn, and deposited with orc ot the banks,
ptcscd 10 10 worthless as kccurIty, as tho pruper-
II Which II pnrpored 10 hyrothecatc, had long
tince been given up by lhc waschouseman, who
In the hurry Of business had furGotte6 10 ask the
turtrp,.er oE the receipt. Tho banker had giycn
up tho receipt yesterday morning to the party to
Nlcm it WE payable, In order, as alleged, that
tn. properly might be shipped, the party prom
1aipg to call round during tho day, with draft
and bill Of fadinS in payment OF tic advances
nnde. Latc In the afternoon the l'aaler tliscoy-
cred that Tie property hypoiheca,cd had then no
existence, and That he held no security. The pa.-
ty 10 wtom The receipt was male did not make
lis appearance az promised, hut Was hunted up.
On brin:: asked tor the receipt be fiiled to pro-
ducc il, acknowledging to having tom IL up, thus
deJc1to admitting tia. he had all along known Its
wor1bitesncss-the whole transaction being tanta-
mount to having obtained money Oh false pre-
tences. The banker wns uEahle to obtain any &c.
curly for raymell, Of the loan until he had threat
cued to Eeck redress through the usual course Of
aW-
In uekfr. loans on warehouse receipts, tho
bankers caunot be loo c1Eefnl as tho 1oose man
rcy in which tic warehonacncn transact business
asuds rany opportunities for 9 .inili1r. The
warcluu.cmen should never, under any csrcum-
s:ances. deliver property, for which warehouse
receipt has been gwen. Without obtaining the sur
lcnder Of such receipt. By so doing they will
escape any trouble that mieht artse oat OF their
neglect to do ST. and al the SAME time relieve the
| anxiety Of lnose who make advances on such
! forms Of security.
| There was no essential change In tho condition
| OF The money market. At sorne Ut the discount
| houses, it WIS comfortably easy, but elsewhere
lie deulnnd WIS so pressing as to creatc aitellns
| bo1d1lir.; closely on stsin.cncy. Good custom
| ete NLcee claIEss cannot BE- fsaoret, Lnd accom-
moia.ion at ,1lc neual bank ratc-lU per cent. o.
,hc street. good business paper vas negotiated al
.@11i per ccnI, Ind second rate at ~ per cen
per month. VIZ hcar Of call and n1nely day loan!
on Governments at per ccnt Per annam.
There wns a continued scarcity Of Exchange 10
deg, and the market was rery f7m OWN: 10 lii
active ccunicr demand. Between banks roun;
lots u c:e placed at parG15Q certs premium. Th'
co,.ntcr ;ates irregular at III lisconutstra
buying, aId parGcl-1p premium. Some of ID
hanks were compelled to ship currency.
On The Produce Exchange, Flour was quiet an'
Unchanged. Wheat WIS more Ictise and lGl2
br;:er. Corn advanced 2G&4,.c. Oats were 1i11
hi.l or. Eye was n. changed. Barley was tfit!
Ermcr. lake Frefsh.s were steady. ufsh,Tinr
| we're ariet. Nces ror:; was better. sccus wer
suief. Wool exhibited more life. Groceries ucr
u'rhsEscd.
Gold was trife 1--we to-da7. It or caed i
New York n. He, adv need to lis, aid close
al 1T. The following J,e atch:s woe receive
| br Thyd Eros. - 11.hroIers: