, 1869-10-06
MONETARY AND COM AiERClAL.
MONETARY.

Nrhet eanttnues to WORK MnFe stringent ~ tho
eoHt!untd actnnllsliuu 0t gratu here pfatusily
l'rAr, = ih" capita! Of The dealers, ~ well Al ali
:lry can LtrsuH Ut their Laikers. Ii would aeen
ff'"'. wFh the trnesul ef ease In Nancy tn Scy
NtW iulk, which thv telegraph REPORTS there now
{" bna PER cent IN CALI, revival VI the demand
Il : gram should ut oncc oe experienced. Rat It
1. u1if ST: her probable that itese rales oaIY exenl
TO Call inaps on government tond1 Confidence
hah been 10 shaken that discounts OF commercial
PaFtr hate been alnoet entirely Suspended, and
shlpRcls Of grain probably und It tlifcult to ne.
Rotih'e fIefr foreign bits, becauEc all the mouey-
lenders arc stlll nervous from the CT,
srcss of the recent panic, and fear that
ns Effects may yet develop themselves iu falarcs
In tie c6Lutne1cia community, This IL really the
cause Of the check 10 The shipping movement of
grain from here, n,orc thaa the condition Of the
Il reign markets The New Tork hanks 1nuxt also
have hast considerable percentage of their funds
rendered unavailable By the failures OF stock deal
err. They dountesa held securities thai, though
Rootl, cannot be realized On ut oncc, mud would.
therefore, feel uote tnan usually disposed to keep
Their Retaining funds in more available thape hy
leaning on cal! At lew rate Of interest than b, dis
counting commercial paper even 1T high satea un-
III they kec hat Ehure ereuts viii take. Th!s cause
s1fo ahecia the purchases Of the milers through
cut Sew York Stale. who nse Ia reality {ttouga
Indirectly, dependent upon Se* York city capital
Thc chlef lanRer Of the present Is TINT this con.
dtlnn Of things viii nnally check the noyeneo,
Of era!n from the country which wonl1 At once
,-Htect bacl upon tlc mc1chaLts, because the
c0ChtrE merchants couiu not pay up 10 their
creditors hlrr, nor merchants hers pay TO their
ctedltora In the East. The crup movement woald
STOP, ant, fos the time, the abundance Of our great
ceup would be VI nn uorc Ayail than Il 1t had no,
been.
Arother uE3AvoFahlc effect OF tho New York
pknie WITCH IS fell rere l. snc sharp failing Oh in
lie supply OF Eastern capital s.ut here for long
ieabs on 'ea, estate. Tht. Is quite marked, aad il
teraars ns uhtasorabic feature IN connection
witt our local ucanccs as anJ that nas resulted
irpm The patio.
Exchange wss higher ts-slly, and sol,l between
hanks at rum &c to &c per 4t,n0 nre-
n,lRu'- Thus We hate the npoma,y OF
o'e'foOi:g bins OF grain. not oily here
IN lie ctr, tut everywhere In the Northwest,
an'l holders Of Dot uu~llnc 10 SELL Eastern fu-
Aeb!eHlGks to he PAID on. and set, with aIt these
circumstances sasoHDg IN active aud healthy fall
1sadt,c1cLanee On New Yurk al SOC per 1,ruo pse-
ru!uur, md currency Icing saipped 70 Ncv York
instead Of rrafp. 10 ras on Eastern dcbta.,. To
their customer. At the counter bankers nov aell
New YoiE lnLds At 1-l0 premium, Rates for tak-
leg bills arc: New YORK l.,o dlsconnt: nostoa
demand. 1lo dtscoaut7 boston sight. Is discount;
tsunalo, = discount; Montreal ueunnd, Y DIS
couuA-
Several Of our leading financial and basiues,
meu, ntncng whom are J. T. CLARK son, Tol,nan
Whtelef, Conrad Eehrkc, NtIl.atu kepkc, Bacon
Wheeler. FTeo. Meyer, aud Others, hare organ
'zed new banking honsc, under the chAriet Of
the Commercial Loan Company. The COMPANY
con h'nes ample capital With long experience aaf3
integrity, atd We coundtn,Iy expect to see them
assume at an earit day, rroulucnt po:tlon IN
The business auatts Of onr c,iy. The charter Is
a F%tlHf at tHt
tpres tic That Of the Merchapls' say1nSs, Losn
and Trust Company. We hoee II may hare SIM
llhs carer Vi succetB aid nseIulnesA J. T. Clsst.
sou Las heen elected President, AMI Fred. Meyes
appointed Cashier. 1tR othce will be at No u
North Clatk street, under The Revere Hou&e, AID
VIII open for business zbout November
The delegation Of New Yofk merchants and tm-
poriess who ~cnt to Washington, lust Saturday, to
request tor President to x1low Secretary Bput well
Discretionary poEcr1 30 that he mar sell ro}d In
Such quantities and At such times Is viii best re-
ntaff the money market, d,splas that spirit IT,
which the IN. ctrrasc torer cnacsvoes to lrcome
tenN rate nan By 't1pertnE od inxteAd OF By lear
1rS on o1ulsug. II would seem that tho .a&ounI-
inr n'autef IN which the Secretary regulated
1htHae IN Friday, the 2&'h. and the shock the
money mstkct experienced 4 reW months sru
~heu he tIts'lcnsJ md Unexpectedly Increased
hts hid plscha.es just after the money markee
| had recovered from a prolonged stnnscncy, thus
ssf,i'Ea opportunity to p+ntg hy throwing ten tl-
lions 1T cutnrncs sEfo MI air..nry AoaodAuk mar
sH,a1d st1ainf the frcr Of tou!s up two rrr cent
| lntir III, IL nEEld srtm, wrtat, that this ntsle
VI rtrulatl,x she nut.ry ss&et ought TO have ST.
tlar' lite uoss ardent t'cs.tc fT tno much Eor-
eft n eEL
lite ie:loslng table gives dealers quotations. fot
hr*ng an't .cittns Toscr tcn' bou'A, LEGAL stOrks
gold Md silver Ia fh.s u1atkct this Afternoon; the
.. nj nhAl interest Itf1uta II thr rultcl States