, 1869-10-25
A}0NETaRY AND COMMERCIAL.


H4iCsNAT EyEEEkG, Oct e,
The aspect OF tfade and nnsnccs Il not \ sas!s-
factory one- Throughout the Northwest The gen
eEal pruspcr.ty dcpraas NO largely upon the Hrztu
c1op that the present low prices make everybody
feel poot, and have depressing effect upon AlI
branches ot butapcfa. There arc, nosever, sonac
aspects OF the case which are encouraging aul
worth conadertbE. f1rst. the ranEA OF This CITY,
ard probably also n The Northwest generally, NE
In sound condtt,nn, aud hare been pursuing a
relJ conservative policy tor 6ix mouths past,
Speculation has lately bten thoroughly dIscour-
aged, aud pricsh aud cre<)lA were perhaps never
on q eouoJer basis thnn no~. Ulf merchants,
too, are paying OF their Eastern Indebtedness
with a pTpmptttnne taat could scarcely
he expected With tho sluggish move
Heut OF the grain cit'ps- Tht
they arc dong 60 ls atto1n by st- intge dem7u'f
n the bank cauntets for New Sork exchan9r.
After considerable inquiry, VIC esttmate the
| amount Of New York exchange sosl Is tue eaogs
or thls cry At CouthsesHbly oTef million per day.
and only little less tnan million per dAy u sold
over the coootess Of the banks These facts seem
| to show that tie mercantile part Of the coEnmd-
milf In this quarter Of The coant1y ale aolseut aud
[ are psy,uE up thelr debts, notwithstanding the
"nard tlncA'' II Is probable that this faI1 oasl-
| ness vll, oe done for Tery smsn profits, and, In
n any tns1aoces NO prpnts o. al; bull, 18th solvent
merchants and sound banks, thAt ia the wort that
1
| The week closea upon GONE ehnt more active
| nopey market than II the beginning. Tue de-
1nana s.on merchants for accommodation is
t larger and rome Of tue ractesz are beginning to
prepare for their particular eeason OF scttvaty BY
4 nakin9 Arrangements for funds 70 ia use1 a few
weets hence Such applications ~ these art met
hy hsnkels With modera,e degree
OF freedom, becaaae the5 hare ex.
pected and prepared tor @ust this IND ef
ccnone III seso@1oa.;iens % % snort Ha tme. Houss9 s
csu b. easy borrowed ny Euca applicants for thirty
dxya II 10 per cent, which could net " borrowed
bY eTen the ssrne applicants for sixty OF
ninety days at Is per cent Bo7p9ess
who atr not Id regular tshdc. and therefore have
not The .e9ul.s bank facilities, "-easual borrow.
ers, who want ten hundreds or = lew thousands
for 1lse or nix month--nta perhaps The most d!n'
Guilty in supply ing taduss'veS snd Il ID these whd
are paying from III to per cent for money Ia tae
or" tnnrket ....... ....
The inquiry for long loans on real estate natu
rally Increases with the absence of ACTIVITY in ene
real estntc tussucs., the ttghtnets OF the r,oaey
| market, and tic RenefN O. favorable nspect pl
many other branches Of trade Tners Ia nc
change 10 p0te IN the rAles for loans Of inlA kit
4or terms NJ dve years aud tie rr1ntEum cos,
10 Itc borrower Is about W TO 10 Pet cent bnt tnt
increased ucrand mAkes Lhe supply leas coulMen
! .urxte.
Exchange continues drr, With ea1es hctweer
basks At &C per t,.c"o premium Al the coanse,
banlrrs are selling o. LILO premium and paying a
from par 10 40 discount
The Manager Of the Clearing fiouse tnrnsne,
inc fo!!ot !tE suuuaFy OF the weeks business: