, 1869-06-07

MONETARY AND COMMERCIAL.
MONETARY.

SATURDAY EyESlN8, June L
There has becp considerable improvement III |
&nstness etnce last week. The continued acuEH!
in the Grain movement ahoT8 thAt VIC afc no"
having our "spr1ng trade " which haa been de-
tsyed. and Is now act1sc ut season when business
ordinarily begins to drop OF into the STARVATION Of
summer The iatepcss Of the movement OF the re-
a1ndcr Of Last gear grain crop Of the SorthWest
admits Of It's being done without having any zen.
drney to produce str1ngcncy in the money market,
because tt1e.c IS at present scsJ utie Cul1tues
distributed in any Of the other as11rultursl dls-
,ricte OF the country, and the currency has ac-
cumutated as ukuai In the financial centres
The New York market WIS glatted villa money
ouly week ur two ago, mud Is abun1antt sup
nl now. though the four or tlye millions Of cur
rrncE that hare been brought ont from there ~
| chicago bauks during the last three weeks, has
contributed to q hcnlthIcr condition Of the ma
| kets both there anI here The urge Hmuuus OF
currency thar has been sent out into the country
mus, soon l,e:n to have favorable cdcct on the
| mercantile tratle mere, as It Et1 nearly MI pass
into the hands Of country merchants, ona stima-
Iuic further uf1c.s for goods as well NJ clear OF
p7c:cut indebtedness, consequently sone improve
lut ut 10 trade IN ali the goods ltac5 within TIC
| Eczt lew weeks Is not Improbable
| The nauls arc well sopp1led With money, and,
| though the demand fer Accommodations has IN
cr,ascd cousiieral,ly, they arc lending fteels 10
l
| tt1la. ... z..a..
For long loans On real estate there Il q good de-
| mind. but there Is also falr SIMPLY OF cafHal
uccrtng for investment In that Why, thoa3h. As We
have mentioned before, tho usual money Lenders
arc asking little higher rates than were easfo-
1uarJ s!x months OF q year ago. Nine TT cent L
| perhaps the lowest rae at whica loans Tor suu1s
over sanoa could be hnl on the lest business prop
| crty in the city, and the commissions anu oshe
, c1rcuses wouid make II amount to 10 per cent
For smaller suu,s the msnfnun r1tc Is 10 PCT cen
Z besides commissions and othtr expenses, making
2 tho total cost to the borrower from te to i rc
: cent ...
q Exchange has bccn plentiful during the wtoi
i. | week. There has teen q large amount mai
j ayn!nst ehtpnents Of grain, and some conadetatl
, amounts have been sent here from M[lwauke
5 | and other nearby lake roTtE, though 6t Louf
: | has been ppying exchange In this market dus1u
$ nearly the whole Of the past weeE- These 1ea
\ turcs Of the exchanges arc infilele indication
Of the tendency OF trade, and show that the th1E
l ping OF produce Is heng made through Ch1eag
: and hy the lakca, and that ahlpmcnts from s
Louis are less than The maturing liabilities OF nt
e | merchants to New York. Sales Of exchange wei
made between banks today ut $t-o0 PCT 81 600 o
T. closing weak ut TINT price Al the counter, n3n
+ cttasc selling q. par, and taking Of customers
frurn u .e3 10 & 90 OF for bills on New YORK Al
& Z OF on Buffalo.
y 1T1ceA o. government Douo4 pave cAIfFiSA9'
n no decided adrance. yet Ii consequence OF L
D. weekly purrhAsce by the Secretary Of the Tres
II u.s, thcy have been gradually recovering from t
L. panic caueed four weeks ago, bJ tho advance
to the ratc Of discount by the Bank Of England, +
h. hayc scarcely got nboye the prices OF nye wee
Is ago, rs will be secn ty tire following London qc
IN tations on SATURDAY OF each Of the past 8
u weess: MAY, !. sot; May ), TX; May IL IS,
ch May e, ~; May -, TX: June 4, soh. The
n. | crntstInna shoH that taking into cpcsdeFa$l
IT. the ace1ueA ;ntercst since May !, the bonds ha
s- have now nnis got back to where they Hete beft
he the panic. The purchases BY the Treasury, ho
~ ever, cannot fail to hare decidedly favorable
uf- Jecs, + hch will be shown IN more rapid adyat
o | In prices before long.
Il, Dcasers' quotations fot buJlng and selling g
crnment bonds, Local st0cks, Fofd and silver,