New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-23

Loan and s7g7l ss7
.v Legal Tenders. ;.''''''''''$'St2' +os
r, NC report 'a@e a. a. week 3, s--o,s,o oe -
Clearing, FOR the week ending Oct 2O.......... s.4729 z
Balances
Bsnoes foT The week eudins Oct 2os 80
These changes are in the interest Of the Spectators,
and the banks are rapidly laying the foundation for
money panic. An attempt made by morning paper TO
give On incorrect idea Of the amount of legal tenders held
by the banks which is placed at the absurd sum of
elOS 600 face Of their statement that it was
emily $3.50 90. The writer says:
The NcwYork City banks according their las; state
nent held e. Of legal tenders beside about 81 OOO
on call IN the Assistant Treasury making total OF slee 90 90
Of legal tenders beside sni7j os Of National Rank
xhieh serve to move the cro just as easily as ee ieqes
IA money 20 n ci crop demand
The banks have such The S3N 1908 are
. liability and not asset ss the writer claims
and being now loaned, cannot be used for crop or
other purposes OF tie sS3OoO,OOo Of legal tenders
reported, full $4,000 900 is in compound notes, not
svalabe for crop purposes unless exchanged for
SOS and thence into currency II this done, the
banks would get what is legal into la
kilty Of the amount and make their condition
still more dangerous The banks are moving in direction
sure end IN disaster them and the public The steady
advance in stocks and commodities Of all kinds and in the
price ofnbor will in good time be shown higher rates
for money! Should the Treasury perform its duty and
cancel legal lenders there would be forced upon the banks
. contraction which might, at short notice. develop iao
panic fact borrowers Of money should not lose sight Of
Binee September the banks have made the following
changes in their statements
Increase Of Loans sl9 53G sg
Increase ~ Circulation. ..------.-----. &bO.4o
Increase OF Specie. -.-.-------- 1850
Decrease 81 Deposits l0I4 -
Decrease OF Ie5al l3I73J9
Exchange is strong for The next mail at the following
atcs London prime bankers, 90 days, 1904; London,
prime bankers sight, no. Paris, baDkeTs long, 5EIi
Pans bankers short jlj; Antwerp, 525 052l4; Swiss,
k22i a52lI; Hamburg, bankers, 36i 936l Amsterdam,
bankers, Al; Frankfort bankers, Az Bremen bank
err, 49, Berlin, bankers, "a.
The busin esq Of the sub-Trcasury was; Receipts,
esIsl73I l3-for Customs 100000; Payments, $685.
s4 49, Balance Oo,4s7, 565 l5-COn Notes, 100000
Freights are dull The engagements to Liverpool per
steamer are 5000 bush Wheat at 4d and 1000 bush.
Barley 70 Glasgow, per steamer at 4d
There is sharp contest foT NewYork Central stock in
view Of tho approaching election and much higher prices
are predicted for it by experts There is contest for
control between the Express Companies and Its present
Managers with what result time alone can show The
following from The Tunes is not without interests
The Leader Tammany Hal orsan Of saturday says that ne
why Mr. Horace T. CLARK son-nlaw OF M sn9e ll
Soud accept Congressional nomination lht nc was
ain training take Dean lhcmonds place as OF te
Central Rlrood and adds this Nas enough Tor any ohs
man We agree IN this conclusion though we had supposed
that Mr. James II Banker for several years New AOIA Nly
30 b. the Vanderbilt candidate for this Presidency as we be
heve he full confidence Of the great Hudson and Harlem
millionaire There win 10 a very pretty light However OF
Vey sudden compromise Of Interests before either gentleman
vii be able 70 beat the WelsFergo party Iheg eefaihy
have an able man aeady trained or the head of the Cen
~ much wealth 10 command control II need be- s1e
s other and large undivided surplus In the Road and the
aApnoy cent dividends IN place OF per ecH as
~ present declared reimburse their purchases O stock 81
round prices
Adviccs from wiscoDsin, Minnesota and Chicago
represent that the crops of corn in those two States have
been materially reduced by the heavy rains early in the
month while the wheat crop will not exceed If it reaches
tvo-,hrds of az average The damage throughout Min
acacia has been almost universal.
RAILROAD EARNINGS SECOND WEEK IN OCTOBER.