, 1869-10-24
MONETARY AND COMMERCIAL.


GArERp1f ETKyISG, Oct 21
The aspees Of tta.te and finances y NOT sss.s-
fastoEy one. Throughout the Northwest the gen
esa1 Prosperity depends 70 largely upon The gzafu
crop rnar Ine preaenr low pftces trake everybody
feel poor, and hsre . depressing effect upon ali
branches Of hus.neH There ar, however. sure
tspectA tf tae case which aEe encouraging and
worth considering PIst, the banu OF this CITY,
AID probably also in the .Sosthvest generally, are
In souEd condition, 1nt hive been parrutuR
EesJ eonserrsriEe policy for HI months past.
Speculation has Iase!y t,een thoroughly dtscuuy.
sEed, a1d prices and credits were perhaps never
~ Rorntes bsSts thAu nov. Our ucfchsu,x.
Too, aze pairing c1 their Extern !ude0tedaess
With \ rsumptnude tnaa cooId scarcely
Be expected With the auxgt,a move.
uett o: the tgrzn c.ope 4nas
they Ue do!Lg 70 l5 lao~u BY tn- large aeuaud
a tbs aonl c,uatsrs for New YORK EXCHANGE.
After ecnhlrasahle Inquiry, we essirnAee the
amount 81 Se~ York exchange so,d By the napks
ol this dfs At considerably ore. n,laon pe. dsr.
and only title lss tosn milton rer day Is sotd
osef the coonteEs Of the hanas. These facts seem
to show tn7F the Mercantile part Of the couur-
n!ty In this quarter Of the couaeJ xYe solvent and
are parlng 12 theis debts, Notwithstanding tho
"hard tiueA 1tts probable teat this IaIl-s bust.
ress vii be dose for very smais pronts, and, IN
many instances, Do rres at all; t6t, With solvent
tnt5r5atts and sosud baaIs that ir sne WORT that
The week closes toou Aou,eshas more active
money market tean II the beginn.5s. The de-
mard nom mercna.s for accom.otasion Is
lA1Rer, aud zone OF tile pecsers are beginning TO
prrrar" for tht!r parr -tar Season Of n.1stty by
IaknR arrangements fcF funds tn be u.et q fe4 |
y ecks hence Such applications II these Err ne: |
W hAatefa &lIh moderate deHIec /
OF trec1.or, b~canse they have ex. |
nfe'c.l and Prepared for inst this kind Of |
a demand. but there Is nectd.zi disposition to
rot enc All arrnE Moia1ioas TO abort tine. Mosev
can h. easy borrow II BY sucs applicants for tnlrv
days at II re5 cect, which conttf not be borrowed
~ even tie kane applicants for sixty os |
ninety days at Is per cent Borrowers |
who Ase nut n regular trade, at,i therefore have
Eos the teEnsbf bank tac,ltses, ,'-easnal borrow
ers. bo want few hundreds Or lev thousands !
fos nse Of ak tnouths-dnd peraxps tic uoat din
Gully IN supplying themselves, and II u these who
are paying from II u per cent 2or money IN the
oFp market
The inquiry for long loans on real estate pasu.
falfJ tncteasea Wah the absence Of sc:vtty In the
rta1 estate hnstne4A the tightness OF the money l
markell and the general urfAynraole aspect or !
many o.her braaehea OF trade. There Is no |
change 10 note IN the rates for toaE3 OF ths kind
for terms OF I'VE years and over sne m,ntnuna cost
70 The borrower s Ahont ~ 10 ~ per cent ont y7e
Increased demand tuaEts the supply less comIner.
epfate.
Exchange continues 11n, with sales between |
oanks nj &c per s1.tto premium. AT fhr co1p,es |
bankers are yelling nj Lilo premium nad buy.rg q.
from rar 10 1.10 discount.
The Manager Of Ine Clearing uouse furnishes