, 1869-05-03
MONETARY AND COMMERCIAL
MONETARY.

SATURDAY EvEkIfS4 May !.
TIE continued accumulation Of money, a1d the
t@lng Oh IN the demand for II, has been the prin-
cipai feature OF the local money market during
the psst week. The grain trade, which is The
foundation Of all business here, an1 which fnr-
ns.cs occupation for the largest share Of bank
funds hns continued unusually dnlt since the
opt ming Of navigation, and the banks t1ud thsal-
selves likely 10 nm Into condition OF sutnnler
plethora without first having the us1A
.rr4lg activity. Notwithstanding the easy
condition Of the money markee which
IS Uscal1y the means Of stimulating
.pccu!a,iou, there seems 10 bc no disposition In
that direction now, and all Kinds OF busincss arc
COW being done Oh a moderate Aod conservative
scale that Is unusual 1or Chicago Under these
circumstances The call for money Al the banssts
,!ch,, and approved bor7oFcrs IND no difficulty In
get: ing all they nsk for at the legal 10 per cent
Outside Of the hanks, Iso, money Il mora plenty,
sid t hear of foans drstclazs real estate NJ 10
pc, ccnt, and 1o1 very ces!rah!c sceurir on boss-
ness property money could perhaps be bal Tor
less rate. .-..
Contrary to the usual couEse OF things at this
,.sou OF the year. scarcely any currency Is being
,ctt opl to the country 10 tay Ior grain, which la-
liicates no movement OF grain ut tic interior
toHnz End probable ttnaiuutlon of receipts here
except As they my to Temporarily kept up h. the
skipping In OF gain that ll1s been "a store a. the
'1ailray kiRtionA
New York exchange has at length got up to the
currency shipping point again, Sonic al t'se hanks
having shipped from here to-saJ. soEue sales
se:c 11alic tetN een banSs at ~ cents premium,
hit the supply On the market IVES not
cuual to the demand. At the cuu0tcE bankers an
Fc.I!rg to customers al lilo premium and linking Al
nar. Exchange haS advanced also lii tho ae!1h
l,orinr citlrs Of Cincinnati and St Louis, :1ra
scli there between baiieerH At ba 10 &c premium
| Tho rrospcc. now seems that temporary nF
! rrrTctcy 1nny ret in 10 New York from The West
| 1;.us adding to tic ALREADY abundant supply y
rua:us carlial tEere. The excitement IN the aioei
l and bond market IN New York SAL k>ePl M, m
| -o1nc OF the s:oeka have aslranced enough 'luran
la E;Ast few weeks to make E1nan lorsGnes fo
IurEe holders, and aA the supply Of Heating carta
sr:!tinEcs to lncrcasS there no termination Of III
,ui-1:!on Is in sight ret.
Goyy.unca. bcrea bare rs:ta..cn TO sotcc CT
.,.. OF the upward Increment In prices Of all stad
If securities, hit the London quotations ha''
-...n gradually tsn'rplny down lttle, nnl CT
.,p;cd today 1t se!., aSa:n.t so. yesterday ar
;. \, en- the tiny plu, souY- The Danl OF EuGtan
nas l-,ely been losing gold quite heavily, and IN
;sxnk OF France has been Calling
;r7,n.tion. The csral remedy OF tic nltes
.oss ct the Eaak Of EIg1..la1 IN such eascs, Is
rAse the rnte Of discount. On Special occaslnn
in ras| wears, they have rntsetl 1t as high rs X
;ent, though the usual rate Is only to az. Onl
month or 30 ngo 1t wa. raiscd to per cent,
view Of the heavy shipments Of Cnl'c'S STATE
| hpuds 70 that market, which Threatened 10 ara
gold {rpm there to the United States. The cdst
ten was 10 deprssa the price Of bonas II bot
EuroF,c anu the CuIied States, nnt 1t Is poasll'
ttat something further Of the kind, being ante
patfd there now, may be depressing the price
| bonds in that market.
DealeI' quotations. for buviog and selling GO
. ! c:rmtut bonds, local stoeEs, gold nna Silver,
4e n, I'm. rhAr afte,1,fr,tf tsrte 6s folkuNH: