, 1869-07-12
MONETARY AND COMMERCIAL
MONETARY.
RATRp1r EVENING. :

RA1CRpAr EVENING, July TO-
Notwithstanding that the supply Of lo.nahle
funds In this market has been tolerahly fair, the
activity OF the demand for accommodations 80
Unusual for thta season Of the 5car together with
the remarkable uanip0lations Of the New TorS
market BY tbs nontycd c1iTuca, has kcpt up m IN.
easy feeling here Tho banks bare been disposed
10 70 ve1J cautiously, 3of fear the market might
ts1e some unexpected turn Financial ne1.
Eonsnefa IA The most "caichtag' eor-
plant Ia the world, aud the uneasy feeling
has therefore peyaded bustncss circles pretty gea-
orally. There has. however, been no very serious
Inconvenience here. The applications Of the mer-
chants in al departments Of traae hare been large,
End the afgrrgate Of their deposits tave z0n down
IN corresponding degree, Int the balauces Of
country banks have been ta'gt aud have more
tran kept up the average nl the aggregate OF all
oepoEu here Tntre seems no prohshfuty offs
eoontrJ demand for loauahie fc1tl that wo1d do
plefe thcte balances, before some t1ne In August
and nc Seu York market teeEs TO hare
teen released for the preseot from
The eontol cE tic usu7ers- The
tendency OF The operations III the National TrraI-
nzJ nso Ii now to PIT the currency held there Into
circulation again 30 that circumstances appear 10
favor m easser money market next week.
TIE eoumcn ra:c tc lesC1or Customers OF the
hsnl1 has been 10 per cen:- Wttu octsiie parties
ap1ly fer leans, thty are In sole instances n
N
Eos Of tie ank, hut CT oac OF It's Directors OF oae
OF tie et.eessl who loans bis "p1lvaie fnnls' and
gets commission and IN this way The law vhkh
prohibits tic National Banks fror taktu- a
greater rate ct Interest tim Is allowed
By the laws Of the STATE is sometimes eEadeI
Good paper with ur!oubteI collateral security
has beeu taken this week In thts wny, and also by
rrivaie haakcsB, 1t irrm 1E TO 2 ser cent rcr
month but the tsct that such rAtea have been
raid Is not N evidence OF nnr unu.ual ughtnc.s
Of money In this narsetr A. there Is scarcely any
time. When money Is acttve, that such rates s.r
rot paid by parties who R7e not regularly In trade,
Luz are general epecu!ators-men who can give
good security, but who DO but little bua.ness With
the banks, aud, consequently, have not the us1al
"tank fac1uieR"
Exchange WIS nruef to-dsy and sold at pal,nnd
sc per tl.0o9 premium between b2nk1- Al the
counter bankers arr selling New York funds TO
customers At 1-lh preTiou. The rates for taking
are from par to l-lo discount for New York Bills;
Boston demand btllt at 1-lo dlscounI; Boston
sight. Is discount; Montreal bills, aW1th xI.
change, II i discount and DuEAlo bills At = dis
count
A number OF rcspon6ble gentlemen Of this city
have purchased the chartef md franchises OF the
National Bank Of Commerce OF Georgetown. D,
C., and the proper of1ctal consent to the removal
OF the hank to this c1ly has been ootalned The
etock hhA becn taken Aud thu kIaocaaticp h1te Re-
cured Nc. 1oa Dearborn strret Tor banktnx ONCE.
The bank viii be called the "Nsttonal B.uk Of
Commerce Of Chicago" md will begin opcsatloas
within few weeks, The caplral Of the p,eseas
hank Is tloo,eoe, with lln.it Of 5000
The manager Of the Clearing Hou2s furnishes
the following monthly report OF tbs average con.
clt,ou Of tie ASSOCIATED pauk1 " fo1 the month