The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-29
The New York Money Market.

money YVES in demand at the opening at 2 per
cenI. in gold and wI.h c0mmssiops freely paid Oh
Governments snG y per cent on railway shares resi- pri
ya,ely;l but in the open market nothing moie
msnd I Tor money for commercial porooses is on
easier feeling. the neral report was s6at tn
supply was better &c. day tba yesterday. The pay
large fiow OF specie 10 banks. Which viii c1uos as
Ies'rye The banks have presented SO 500 OOO per
Gays. Sterling Exchange was esdy at unchanged
lie. The marketiwas oull."
From the Herald
1.-THE monetary strngency Increased rather than
made st rates varying from per cent per sunum In
pc o eey
the legal rate IN currency as matter of principle
me, S t6sa fxsd rate from Being charged ios
eds ss Il sefy the was
shs tss S1S sS E as o Tsnta Ma
qGas ri. G5S Th5;s his Bank
and these Changes indicate further locking up OF
currency SO That That the purse strings % are apparently
wirhslandng the rece pt OF MOI ey from Boston,
be nds as a Sna tns
1t is somewhat re srkable that the money ara eJ
IF to Gn
and artificial Influences are insptlicent 20 Iunt
for the change excevt 10 very limited extent While
Tho Western cities, where the s'ringency Is very
these. The Cincir mai and Chicago jourSai. exprei is
spprehenslons that the movement Of the pork crop
TIl ins.sy the sss1re fes In lhfS
hardly negotiaDle, sithoEgh it is no@iSalIy DONNA
2eon Of pen
by the banks can be source OF no great relief, as
&c does not IL crease the reserve of the banks while
iegai.tenders outstanding and at the same time re-
duces the currency balance In the SubTreasury
the amount by sales OF gold"
From MesSrs. WrightS' Cotton Circutor.
I'm this market we have had fcctua,lons during
cling Uplsnds were quoted Ac; shey sGoscqnently
WhIeh figure sales we're ireey made oa T5ur.day and
Friday last On Saturday there was slight recovery,
SSnt and Bestes Ia tSepSo
the markst opened p% cnssa Wisn good InGsy at 2SS
Iinued declining tendency OF gold To-day the market
fair busin ess was done towards the close; demand
del Of, ana our quotations S are % rey maintalned
0lS4 were taken for export e2S2 & for home e0nsump
es iollows-L Low midolipg. Decemeer and January
ICFfeishts by steam irm at 49,, compressed "a
% Sy n sa wsS s fSa "a a. i ss
il4c sail. %e; Bremen steam, %@lc: Ham6urg
for sale is mere asiog Wequote low middISg Mobile
eRn Te ffS S q tsi Friday %ss
seady PcpEh dgcae ~ all I the % arkss at
day there slight reaction with increased sales
ihere further her advsnee Tae
buying for English account Is not genera bu'
the limits have been increased lately, which
led 10 the large operations yesterday. French
have been more active and have bought freely,
particularly la New Orleans Our domestic con-
sumers continue their purchases In Southern ar
kels chiefly those OF the interior. Planters free
sellers al current prices. excapt in sections
Georgia and Alabama, where the crops have suffered
from the effec of worms I'd rains. Receipts for the
week ending Friday last rs bales against 80 600
and 90 90 in the last two years. Tney w9lld have
bee 60 but for The deSruC ion, the M34iS9pp
river, OF the steRme- General Qultmen, Vicksburg
packet with n 20Co bales, the total receipts to
since lst September this year. O1O;
last year. l43 UU0i year before l6l 0O0,
"On SauriHy last reports were received from vari-
poir OF the cotton region he effect frost
| ad occurred Thereports were vague and have not
| since been conhTmeo. We do not b beleva that any
damsge has been DONE and the weather since has
been clear and much warmer. A fro after this ate
would not materially lessen the crop. The letter
by mail to hand lat ly spta ak more encouragiugy as
TO The tent Oi the crOp, and The estimates de-
cidedly toward higher figures We notice this Ia the
letters from Galveston New Orleans MOBILE. And
savannah. The weather continues hne for picking. ;.