, 1866-09-01

s-5u. small ..iG55s "a lGC5; lot. a st 107
Local Stocks arc firm bnt inactive. Cook Coun-
~ scvcns arr In demand ut 81, with sellers ut U.s..
Chamber Of Commerce Is wanted at 2:A There
nrc buyers OF Merchants Express at 2is, with eel
1cra ata. There no City Securities on the mar
Let Tie following Transactions we:e nnde in
Bostou. On Tuesday lnst-t!c accrued interest re-
rcsttng to tr eellcr: 81, 90 Chicago City rs Nv,
L. SsI &, Go Chicago River I'm, Soy.
In order to extend The uec Ol the Telegraph In
business transactions, the Western Union Tcle-
graph Company Will, after tht 1st of September,
male the following reba'es 10 any party or firm
whose Hills during my single mouth will amount
10 any Of The following GUNS:
On payments Of $50 and less than 500, s per
cent rebate; on payments Of $sO0 mud less than
Salo, 10 per cent rebate; on payments OF $500 and
tess than 81 600, IS per cent rebate; on pay
rncnss Of sl,ocO and less than $1,5g3, - pcr
cent rchate; on payments Of $3.50 and less
than $s,UQo, IS Per cent rebate; on payments Of
Ss.c0o and upWa:ds. 90 per cent rebate.
The advfces FROM London last evening ria Tho
Cable. state that The Baut Of England has rcduccd
the rntc OF discount from seyen 10 six per cent.
1lAs may be clearly taken rs m index OF renewed
financial confidence, and gradual improvement
in monetary matters. This reduction In the Bank
rate Is doubtless rrcafcatcd OIL tho prompt pay
ncnt OF the lEdfc cetsnn bills, concerning which
great anxiety yas felt In financial circles previous
to their maturity. This action OF tho Bank can
mol fail 10 stimulate business, which has been
lanGntshlng In nll departments, and further lu-
crease in Firc-1wenties and other American secu-
rites may be speedily looked for.
The London Stdr Of the sih instant eays; wits
most humiifatinS 10 the nation that our monetary
ataiss shon1d be upon euch l,asls that wilt
tlrawal Of et5l,00 OF treasure from tho Bank of
England for Brazil in the ordinary eoursc OF traIp
shonld Cause ConEolE 10 rccclc Il per cent, rs was
the case this evening, and throw gloom over the
whole transactions OF tho ExchanGc.''
The New York ErfriHg Nst OF " We1nesday
Eare: "Thc Htatc OF the money market has been
freely discussed today, and tile most condictiu:
opinions prevail as to the probabilities OF the fu-
tu1c- On tic onn side II is argued tin. the dis
bnssements Of the Treasury OH account Of tho
temporary loan have produced almost all tho re-
la1sns rsects which they arc capable Of, go that
10 more in!ation Of the speculative excitement Is
10 he anticipated from this eaHsc, while the heavy
drain TO the Wcsl and Su.th will contInuc and
:nue' ieEd Ia e!singcncy. On The other hand Il IL
urged by considerable party that the plethora Of
capital In quest nl employment, and tho abnn-
danec OF currency in circulation, will lave The nc
ceffary effect OF maintaining, II not augmcntius,
tic existing case.''
Tho MtlWs.9 LittFays: The money market
se"Aue easy. ai'u Ait GtSHlJfGHlcHE3 now UlaE1nG
11nm tue SNb-TrcasnEy aucme.ts to tl,c sunply Of
loanal'1c carita} The demand is moderate, thcr
hclnE remarkable ABSENCE Ut speculation crn,
F1he'ins the low re:cs Of interest. On CALL Ind
rates arc sG5 per cent, though the hulk Of ny
bnssrefs is at 4 cent Discounts rang. from Ing
s!iG6 PCT cent for high grade business pa aser
cordiugto date. Other fair names nc ucsoFscr
able at per cent. We quote: cs
Percent per annan.
f.,snx csnx on 81, Stock seeaEtties......-..! @
tI!sEc cnlosectl bills, GO daye.....C d
1Iir,c endorsed bU's, 3&5i lnonths ......6 q G
MEL rtis. elass s!ng!e uames....-.-.-...-...5 @ 6
"%ASA loou pltis......... ....-.........G4fD Z
The modesty OF Philadelphia is overwhelming
The Gorth Americon Of Wedneedav. in sl!udine
10 the large shipments Of Governments from thc
West 10 the East, caused ty the great advance ia
thetc eccuIit{ce. sayE "that the bulk of thu M.
itonal Securities not IN the hands of small holders
VIII be 'anaasEca at Philadelphia, New York,
hoston, Baltimore md a few other great money
cent? es. giving them unusual financial power.''
fMladclphia-fhc great money centre OF the
United Statcs. Is good.
Some Of the Boston banks have hsd thei.
available funds drawn down rather low, but The
excess OF others tcuds to maintain the ordinary
easy condition. Call loans rn1c at G per cent or
the best co1latc1nis with higher rites where the
necessities Of borrowers consent to it. or eycu
where convenience alone IL considered, as many
| will take money for short time whenever theJ
can ind 1t available, without much regard 10 rate.
Prime paper goes at G per cent, and In tho stree
uomc choice notes would be taken al 81 per cen
Other grades take The usual upward range, accord
Ing 10 quality.
The New York journal ~ Commerce Of Wed
nesday says: "Wc do not think that there Is 81
large private balance now due 10 Europe from
our merchants az Is usual at this eca.ou, remit
tanccs having been made more freely; and It 1.
quite possible Tint II produce and tve-twenllc,
both so forward freely, como gold may be return
cd TO New York. But we do not believe In an,
large shipments Of coin, since movement IL
Aenaoa Tor that purpose wonld start dsat c1as
panic IN 'shc worlds mctropol!s,' and upset th
arrangements by which 1t Was to be e:sectcd.',
Inc Ateat failures announced in London ar,
1uerchants-lab1litcs not -s,atcd-nnd y. Hon
wood & Son, erihncfF and mauuf6eturcrs-llab,iI
ties, $4,000.
The London S'ar Of the l4th Inst, In a,,oaio,
10 Tic visit OF the Empress Caslotta. or Mexico
10 Europe, eays "Eapo]con has nlac.d hin,
self in a very uncnyfable position toward. In
bundholdeEe, both In FTarce md England. WI,
ioolishly trusted on h!s ability 10 rescncrat
Ing rew loans from Europe, all of which has bee
sea:ssy Rbins deVoisa to iae ssseoI
nent Of the Soaz;;y as dsa ha1 s,1a2s,s Mpfssss
@ sna tae settlement Of their claims. and dininist
cd The probabilities Of payment By increasing Ii
Indebtedness Of the country. The best thing no
for ali parties Us to shorten tho present ntcr:e(
.1 The Emple e daa fau1s AID the sosnt ,0
Withdrawn, the better. The country remains, an
| The people, not improved certainly, but the leai