, 1869-06-20
MONETARY AND COMMERCIAL,


. SATURDAY EvHNtNa, June IL
During the week closing tonight financial A.
fairs In the local market hAvo presented degree
Of activity which. though 1t uausnA for ths
seAsou Of the year, has not been Of 4 character
10 excite anxiety with regard 10 the tn
Mediate future Our city banks hare been, IN
reality, we'll supplied with funta, though. In view
Of The prospect ot being called On for statement,
they have been holding on 10 tht!r mnneI mozr
closely than they would otherwise As they have
now received the ondc1al notification to publish
tte!r statements, money will probably be let out q
Little more freely. The Wholesale merchants,
also Who have % Jet felt scarcely any beuedt from
the large doH OF currency 10 the country,
must eoon begin 10 experience 4
greater ease ID collections than Just
at present, and II seema altogether probable
considerable return dow OF currency should be
expected from the count! during the coming
week While nom local standpoint these cr-
CT Instances indicate favorable MONEY market, It
should be Kept In view that the greater dl4trfuo-
ton Of the cntrancJ oTer the country II making i
comparative scarcity Of circulation, and that,
though We have felt no effects Ii this market yet
OF the change, the financial centre OF the country,
New York, l. disturbed With 1t now, Any real
disaster tn thai market. heavy fA1lure,
or something Of equA importance, Invariably
reaches all other trade centres throughout
The country sooner or Later. Thus tAr no such
event has occurred there, and the present threat
entng aspect Of a1aits may disappear during the
next week OF two, though more fn2n ordinary
caution viii probably Ne observed BY jodlclouz
persons In reganl 70 iher ensaGementa to be fulnn-
I'd After August Al present the nauts are loauin9
freely 70 IL regular custhmert At 10 per cent
The now Of currency 10 the country during the
nrst eaH Of the week w13 neaSy, but ha1 si4cked
OF during the Last three days, aud considerable
amounts have been flowing back 4 number Of
large shipments Of currency have been received
from St Louis, IN pay for Eastern exchange pur-
chased here BY the han1ef1 Of that CITY. Alto
g>sher, It s estimated that The tunu1 Of currency
for the past three days has been considerably II
excess of the outflow.
t Exchange Waa sold between banks to-daJ 1t Coo
md SOC per 1lGt0 discount, though the latter wa4
perhaps the most general rate, At the counter
bankers ale selling New York funds at 1-lo pre-
EilE1, and taking fpm customers It ffon Ito 70
i. CD on New FORK and y Oh on Buffalo
Government bonds we're quoted II London to-
day at eo.a, against s0,s on Saturday, the 18th.
The decline IN gold, however, from 1s9k 1t The
close Of ls&t week 10 1917 to-day, together with
the extreme strtn2ency Of money IN New YORK,
has caused q decline IN currency quotattons IN
that market Ct about one and quarter per cent
during the week on the old bond3, aud about &c
On the later series Of 5-2oa-
The condition of the New York stock market
has bordered oa q panic during the whole week,
md some Of the lratina Btocks have dee1lnca
frum s to eref cent since the 1:1h.
Tac manager Of tue cleasiax House f11alshcs
| The following statement for the week cndinz Juae