, 1870-09-10
MONETARY and COMMERCIAL,
MONETARY.

... FRIDAY EVENING, Sept, ..
The money market il in much tio ssmo
The banks do not hold much money, less than
is usual st this season Of the sear, and they
nre uslng that little spazipGlr. There is
enough hete to supply all tbs calls which the
bankers caro- to honor, but the amount ia rep
resented a. being not moe than enough for a
moderately active season and the money mar
ket would soon work ito close condition
with any considerable adyAnce In tho prices Of
produce, Or any urnsual excitement in our
markets.
There is Little doubt, however, but thxt
money would be admitted to DO much moro
bank statement were not daily expected.
The last css waB made for the 9Th OF June.
row tlre. months since, and the law pro-
rides for i've in each year, so thar moro titan
the average time las now elapsed since the
last It il probable that the ncxt call will
Got be much longer deferred, and, though
to be satisfied with the exhibit Of their oTdi-
managers OF which would prefe1
to make ~ good hn exhibit AZ
possible, though at the expense Of dimin-
lshed interest account. There is more than
one .hS bank :, which would probably be willing 10
thousand dollars il the day were once dxed.
This fact will account, IN some measure, for
the low condition Of our leading produce mar-
kets. Tho recent decline has tempted naur
to buy IN tor arise, and applications for money
for that purpose have been numerous, butuaany
OF the banks do not care to lend on grain pa-
per at any time, and the others arc fighting shv
Of any hat limited Recommendations in this
ai1eetion- Hhere IL money at command to sup
ply the requirements Of shippers, but little 10
be had for speculative holding. Hence there
are comparatively law inrestments Of that
class being made, AMI tho markets are iAt
Iol want OF onyels. whia the supply from the
prices. For this reason there ia Int jittla
money moving out to tho co1ntrr-uot more
than about enough to balance tho ratnrns m
collections. Deposit accounts are fair and
money is represented as being tslerably easy
to set hold Of BY those doing bls,ncss with
country merchantf.
there is rather ight supply Of priae lay eem, N,
mercial paper offering, aud all offend for
short dste loans 10 readily accommodate at
the uenal nate Of 10 per cent per aul,1n1.
But no long time paper is nccepted by.he
banks In New York the rate Of interest Ens
peen advanced l per cent-6@7 being pail
Ior use I'LL called for. There il little Of that
kLo ot borrowing done herc, but it i'd evident
that the banks, al over tho Northern States,
are cautious about Committing themselves fsr
ahead. All seem to anticipate an uctiva trade,
and it IL considered prob4ble th.t tho next
three weeks will make money much morc val
uahle Than now, unless some unforeseen
polit,cal complications should arise to enbar-
raes the calculations.
New York exchange is decidedly frmer, the
aulnees reported during two OF tlreo Gays
past being result Of individual inequality
father than OF plenteousness Of the article.
= few lots were forced OF, aud then tho mar
kct became equallzed. Sales we're made To-
day between banks at 75c@St.0O per 81 900
discount, and come refused to sell at the in.
SIDE. Counter rates are unchanged. At pal
selling, and s1-50 per el, 200 discount on pur.
cliAses. There is but little exchange making
now.
We saw to-day check on one Of our Na-
Gon1 banks, which had been altered from
eight to eighty dollars, by the very simple
process Of adding = Y to tho word. md cy-
pher TO the figures In the original check. The
fraud is 10 easily committed in tho case OK
f.1, !, ssyen, sight and nlne dollar checks, that
handling paper Of Ills class, ee;res;siiy ~ tha
fraud ia for 30 small m amount that tha bank
might not in all cases caro- to HINT out the Of
fender; and he, knowing this, may try the
trick often.
The gold market exhibits but little change
from day to day, the premium lowering in the
neiGhborhood OF 11s}1@11A. Tho advance Of
= per cent on rates OF fares and freights or
all through lines from New York to tho Ncsr,
with the expectation Of a still further aavance,
aided BY the purchase Of e3,000, 600 bonds
by the government yesterday. The awards
cn the litter were made II 1o5. .9s@1os.le.
The following Quotations were telegr1phet
to DaTrAtt It March, to-day:
GOLD N FEw TORE.