, 1869-10-05
s5.No1
1909
N0NETARY and COMMERCIAL.
MONETARY.
MONDAY EyLHrNG, Oct l.


The nost important feature ln connection Wltn
tho Icea, moue5 MARKET Is the continued dersnHe-
rpent Of the exchanges caused bY the check which |
the shipments Of grain h3Ve received IN cou- |
sequence OF the stnucency Of money IN New
YORK We mentioned on Sunday morning the I
unus "a! teatuse, for thA season Of The JeaF, OF
currency hclng shipped IN considerable Amounts
from this city TO both the country and 10 New
Ycrk at the same time; currency going to the
county to pay for nore grain. and also going 10
New York 10 make 1he exchange which shoufu
legltimately bc E1Ade by the shipment OF tue
grain. THIS condition o1 thtpg$ Contuues. as b
shown bs the arc!s! OF exchaoee, and the neces-
stty which tome OF the hA1ks were under OF max
ing lutthet shipments et currency 10 New fos1
to-day ..... ....-....
II ap,trlnR would p.nducc *tr.ngency In the
money market here THIS process would soon te-
complieh It, II the capital Of beth grain dealers
und banks Is being nh=orael In grain held here.
The eject, however, on the supply Of loanable
funds has noi yet been Is marked as might be
EXPECTED, and, Though the market II tians. tue
banks arr, in general, able 70 accommodate their
regular custorers without serious difncultJ.
some Of the 100 nhcral ro1owers do not get all
they ask for bot &noee ho arc entitled to sccom-
. 1uoostions eet them 1t regular rateA Ia the
open market some really drssc!a.s two name
ptper, speculative sixty md ninety day paper, ID
orsred At from N 10 per cent per month.
i, There seena reason 10 expect, however,
tnAi, even though the striuseoey may be mere
decided rev Gays neuE saAu
Il pos, It viii be temporary. The aspect nj money
adalrs In New forK froWs more f&sosaAer .oa y!
sex ms probable tnAt tue fecent nh'e* III sold auu
rtrck. wilt re 70 nearly conaned 10 sne pro!sssu
| Wal s,,eei speculaior., that confidence viii aoon
he teetp,rf and the Ersln and 1onr dealers OF that
ct.r, AZ veil AZ uliots throughout StF YORK State
" ho s1e in 1ealtty, tndfect1s, dependent u7on
the Sew Irrk city esnAs>. Will be ab4e 10 ee1 saen
Accommodations II Will enable them 70 eu. efa'r.
! and 80 fe.tse the *htr1'nS movement ae1s' a'o
s1op .ne unscaroLaole Cow Of currency 10 New
YORK.
EacfAnGe vas Fold between panks to7as IL
lin lied xnnuntk Al par, though the Anrp1y n sha'
ptce Was not equal to the demand, apd one haus
| tn!rced tornd sununt OF SO. 90 To Saw fef'
to tuprl5 IL, IT customer dem ,nd for exchange
/ Fer r7tes II the counter there was partial "a
| vance, tone Of the banks we're chatstns LILO pre-
:, niuu, for New fosk funds, aud Others were I'll
. fel:iLg at par. Rates 1o' nAine LUIS "r1e: te'
< York t'Rbt. lilo discount; hosson uemaou, -
{ ..ss.s, .,ar,..., a.rsnd u atsrount.
y n.ats nar, -, ot7,e,,I no1tcr YET @
8 ,ae d.s thai vii Be fpee,aed ror ,,aternen.
J.. their ccnciton, hut IS has been tho custom Of "
coup,.o1,er cf the Currency 10 give Ia his aunu,
upors saenent ol ,ne eono..:oo " 'ns 80 ~. ,s
) al Eapks on the sasoldas pEeeeaok ,as ~. .as.
+ taJ In october. and from this It has been Asfame
le =. ,..s .s1's ~A'-'
. Lax" ,-s,.s ,.,.
q me sompeoes 81 .as ,e.., srnn nntea sam
u valuable sla,ss,cs are likely 10 result II reqot1s
ID .,,.1-roert shaving their number aud nueuut
,a.n' ausoun,a snd ,s .r1rsss lime tor vn,t
d the le*ps we're granted: REefsEe rate OF dltcoul
u or tntcse.s charged for the ,ea< commencing 9