, 1869-09-12
MONETARY AND COM MERClll..
MONETARY.

HAfyNnAy EyKS.su, Sent. It. |
Tie fH trade hAs fairly hegun. nAh from Ght4
t!Iut for the next three months will be tile na0s
ar,i.c scn.o of the year railing inio use all tie
n, ullse capital ut The command Of ths bu4tnr.s
community, IL View Of which mure shaa usual tts-
terest II felt IN the actual present md the prospec
tive coalition Of &is money market. AT present |
tateFe IN great difference !G the feeling At different
hanks IN the city. With some The denaud Il at
t,.e fruku lhelf teEu!af customers thl. th=y lnl IT
tlsllltult to meet the Nants Of all whom thry
would like to sccumrlottate,-thIA Is particularly
tho case with thc bauks most intimately con-
nected With tho grain irat!e. AZ 7ass 4
number Of osherA they End II a!1lcalt
10 use all their money. An'!, being unable
- employ It At IN rer cent nrr IN some lnstanees
Ee,d*couEtrg 1rst-c!ass paper for other banks
NJ per cent tn tho wholr iae supply Of ioAna-
bic funds ls ample to take I'll assseass paper, Ap
the market nany be called moderately easy, GER
tainly much easier than might rasuTay be expect
I'd. considering the large dcmani which has
already been supplied with iuuis sc more graiu.
To-day there va. a noticeable Increase III the de-
nand from grain operators for funds 20 send !uto
the country, and the country hanks have bcen
drawing down their accounts Largely within the
past lew days; but the Whu1esalo merchants do
NOT seem TO he leaning so heavily upoa the banks
rs a fen weels ueo. Rates 1t nit tue banks for
strictly bEstne.s paper IRE uo! over IL per
cent. an1 In sone instances choice paper Is done
Sor less. Whsle This IS 100 c.ssc, We hso hear Of
ene or Two Instances Of pa1tr having the names Of
so.,e we!-tuowu bns!ncss suen toue OF them
tankel> oeng S6erets At from y 10 rs PEI cent
paper ngaEnst Which there u uothua. except that
II Is khcwn to lie make Tor hprcutatl'e pusposc+
anu foE that lc1son Is generally a,o'.c'l by the
Lanke.
Tbr market for long loans on real estate seems
70 b. we'll -ur2Ih with capital. We hear nf VAIL
I'll. at,t uuts "aiItng for tt4s e-tnenr IN two AMI
Mfee-,ear 1eanR, Oh good sErvnvta rg7retty, at
II ter cent. Tire coIuEnon rate for Gye5 5car loans
II Q Fer cCot. with, IN soicc case3l brokers
caEI:s.lon aided equal II n Of per ccut
pes a1Lu.1. rhtl last eisiug shr several Eastern
Hie inSNrANcr companies that Loan {GHaey .asxe!y
tn this 4. well other Western cities has. ioanef
iiu,ey on all nstt-cass rcalty ii per cett, hHt
.u1l4G the EtE:acercs In March and April the.
took afrsnage Q! the rru:racte'l pressure to make
4 concerted advance Ia thclf rates to 2 PEI cent
Corkt.trnr that per cent Il much ~ f1ey c1n
stt generally In tae Eastern States on real estate
lnaus. Pct eent hccu1s too h1ys rats to tx a--
i1lnCd Permanently here fer i1ans Ut S,t'e> el.a
| ufc7, anA for periods ni Eve years Or more. The
tendency III every co1usry H. ~ iar accumulation
# capital, TO rettace ihc ra;t OF Interest," hun-
tlEesa .rars 70 ago TIC Jewa 10 L'noa coaltloly
| got ~ p, cent, but now the cnMmoa 5atc Of
long .oans there Is per r"nt, and la-cr
.l.,'1ltt oi The capltai Of I-rupc iha. Eow rann"
INIT etlpn3 1neut vi those fnts'- must ir IT.
ttncsed 10 THIS purt ot the rB:tei St1.rs within
the ttxt lew years lJ the new crt III t:lr railroad
System !nacsurL:cdby the cohplct!ou VI the Ia
| ti1r Itna.l
I.nser Rn-Enta q! cifrF1cs iAyc hcca shlp1al
10 TIT ccunfr, tnsiEH the past iifee dayR, at ihr
aLennt zen: out during tac wcek wa~ prnhaty
:" prr GENT Rr-ntrr than last weck. This fnatle
lazy or.Irss Irntn Sr~ ltrk necessary ar1io 10.
day, ana probably etont sir,"oo wa-
'tac;ea 1hA Afternoon, 10 aE1isr TN Mon'lar.
| strnn! The tI.un u rEsrrury keep
M Vt he rrrtcss rate It IA 1!:..u's tn how
| rcE.aYss1,ir rr!l iar. In crntec'tnu With ,1r
tfusisct. i"r noN"s. !! r.ty tr, ran:unsi thtt b
tuu utoIl thc STOCK iuark.t v tuuotcl ~ t'el.e
ccteettei hJ thr tear Clique 1n Now York, mud
shal It u c.i1nntc,t the! ran, nni probably Viii.
lock ur ii The hsirhlnfhoo'l Of lNcuty mttlIahs
m foon A. The demand for money TO move The
| esora u At tn helxhi. TbA Noull+ nf courAc.
nRsFaEatr to eotne extent any money histnxcncI
| herr, fhuuEh tftr HoatluR Capital uf New TURK IA
heinq tanncte,t 70 exclusively INTO atoex' gambling
that |: .aa ID great nc1snrc separated lsseif
frun the frguiar commercial business of the
etuulIy, auh On that nrruuht lh' withdrawal nj
the stuck. gambling capital u fe1. tcAa tn trade
than It would 10 othrlFtse.
EachAnss wna weak nea!n totfa!, ow ling to the
large a,lount of Gran anu pFuince bills on ths
market and salcs Nefr male between haoks Al
| }itf rcr q ,U.o of. At Inc rountcs hsnferN At
selling n paf nn't taking s'rs ferk bills A frptn
10 Y on. ami Nutfa1o Ut :: on
The Manager Of the Clearing fto1ic inraishr'
thu following summary ot The business Of his oEct
! | Inv +bo wo~t erjlnc 2%n Irf