, 1869-08-23
MONETARY AND COMMERCIAL
MONETARY,

| Sl1CHnAY EyEH1ED, August q.
1 The week closes Epou m easy money market,
though the gradual Increase In the call for accom-
1noIattons has kert bankcta on the LOOK cut Tor d
! decided change IN the markct to strIngency any
| dag. Thcs far borrowers who were cntltied 10
accommodations hare been able 70 &C. them on
short time paper, Without, difficulty al regular
rates.
| The market for long loan5 on real csts.c COD
tnues tolesaoly veil enppIiei with capital, though
the usual Of supply for this c!ass Of CAPT;
tai do not yield quite so readily as six months OF
yield quite 60 rc1d!ly as Six months or year ago.
In the Eastern clsies there Is no
Buch plethora Of floating capital as there
was year ago. 1t has been dispersed over the
country, and much Of 1t hns become Invested In
nxcd forme. The npprrhensions OF IN UNUSUAL
st1tugencs this fall. during the movement Of tho
crops, Is turning good deal Of the capita! usually
ioaned on long time into the commercial market,
!nEtead Of tho long loau market Loans
on nrst class improved real estate, IA
sums OF s5ooo, Tor periods Of I've years, nre,
however, procured with to.erable ease at from
. TO 10 pcr cent. When at . per cent q conuls-
slcn Is generally added, varying from ii 10 per
cent per Annum, which, with other expenses lnct-
dent examtuattons OF sttles c.c,, make the
| 10 tie borrower frcm et to 10 per cent ptr ar
nam. For smaller sums aud shorter ilme, how
ever, rates are higher and range from II ~ IAN
per cent, In accordance with the amount aud the
ttEe, While loans OF sag $1,000, for one year, on
good improved property, arc generally Made to
cost the borrower from - TO Is per cent,
New York exchange has experienced aoue Wide
fluctuations during the week, ranging from "a
per 600 discount to boc discount, tue rate for
Sales between ba1Ls today Lel1g LILO discount
The frmuess during the latter rat: Of the wcck
has been owing to better supply OF currency IN
the marlet, as the country orders for currency to
noye grain have not been SO heavy during the
last few days as was anticipated at the beginning
Of the week. Bankers' rates for taking exchange
at the counter are 1-10 10 1s discount, aud selling
ratcs at pcr.
A week ago, when gold stood nt l34H, we re-
leE1cd the nattering prospects or foreign trade,
In the expectation Of domestic products, and also
to the probable continued shIpment CT bonus. and
mentioned that II these prospects were realized
gold would probably decline below I30 within two
months and that the prospect OF its reaching 1e5
hfd never been 80 favorable since the war, The
experience OF the past week shows that these en-
ticipatlons are being realized even much faster
than trd,cated, gold having touched 1alE to-
day. Exports Of epecle TO Eurure have Qreatiy
decreased, and It Is anticipated that the actual tc
ElDullc Of cotton exports month or six weeks
hence Will make any expert OF gold lh'unnrcessafy,
In whch cose there seems GROUND for anticipating
. further decline.
stun another counterfeit go grecatael was
brought TO our notice to-day. This sreclr1cu Is
one that ts well cnlculntet to deceive tic general
public, as the engraving, IN respect to Werknaa-
ship and g1uera1 eject, prrscItB Just hs 600! an
appearance az the genuine. Two points Of 'liIier-
eree, however, Will suflce those who examine 10
detect the spurious bill F1bt, tho whole plnte il
about 6n eighth ol an inch longer than the GEM.
Inc; second, the Forts "tcn dollars =" are turtle
from the lower edge Of the plate In the counter
felt than the genuine, 60 that In tie counterfeit
the green Ink shows about thrce.stxtefnths Of an
inch below the worls "tc1 doi!asG,' - whereas IN
the genuine the green Ink onlg shows nbous one
sixteenth Of an tnch below. Notwithstanding
these considerable dIfercuceE, the general appear
anee Of the bill Is go good thar, without genuine
bill to compare with, 1t would pass, nsc s!ines out
Of six, without detection.
The Manager Of the Clear.ns House sends us
the following Enrnrrary CT the buE!2esa Of Ills Office
for The Heek elliQg August q: