, 1870-09-24
MONETARY: AND COMMERCIAL,
MONETARY,

:. FaIDAT EynstNa, Sept "a.
The money market exhibits little change
f,om the condition noted for two or three
dayb past; yet there arc signs that the dull
nees vhich has characterized it is gradus]ls
giving WAY. Money is still scarce, the re-
serve. at the bankB being run down quite low;
consequently but litla ia done in the way OF
lo1nB- He stated yesterday tbs: oae priu
cipal cause Of this condition = lie III / thu:
our city depositgra have dssseasea shci1
credit line4 1t the bauks.,- IT, his We mar
add that the country bankers have d,uo the
same thing theiE credit sccnnnts in the city
are lower than at any time during ths past
twelve mon:hs: lover than during tie b1=icat
pArtfofEhe fall ecasou II year ago.
New York exchange was -Agna htnaer to-
day. safes being made between banks At 5ocper
a1,000 discount. Counter tatea are, par. sell
Ing, and buying At 5L0o@1.25 per II 900 tlis-
count. There Ia not very much exchange to
our credit as yet, and some OF the l'anEs are
iacr ease il our ahipments Of produce Is pe:-
ceptible, and the prospect ia that there *ifl be
better Eastern demand for btexdstuffs than
tn the recent past. This will augment the line
OF our credits on the seAooasa, and bring in
sdditions to our stock Of currency. The West
haa plenty OF property Oh hand, but little cs-ll.
Hitherto tho Inducements to market that pro-
perty haye not been very liberal, and our
markets. h.ve been dull 70. want
Of the appropriate stimulus to action.
business in The leading Wholesale depsrs-
ments il fair, but shoxs Al easing doxn from
the activity Of two weols ago. There a1e
etill plenty OF ortlete, aud il our merchants
would give long credits they could nov close
out their stocke Of goods. Bat money Is
growing scarccr in the hands of country buy
ers. and the merchants OF this city ha sc wiee1y
concluded that the long credit system is i
failu1e-o1. at least. often Synonymous with
that tenn. They discourage busiug where
the cash does not follow the receipt OF tho
order, and arc Obliged, ia consequence, to re-
fuse credit iu numerous instances. This fact
will help to bring produce forward, and make
an active produce movement.
The applications for accommodation 1T the
banka continue fair ; some hare but few calls.
others hare numerous woull.Ge patrons; hut
the faynts Of the banks are necersaFily linz
tied to their regular customers, who present
acceptable paper. Their lsolic5 il. however,
to he1p forward the operations Of legitimate
trade, and ti.e shippers OF produce w0uld ex-
perience no difficulty even il the scarcity OF
| currency were much greater than it Ia at
fused, and to thl. circumstance is largely
ascHGable the fact that grain for future de-
livery commands no premium Over "a III LOTT,
except in the case OF oa,s-
The Directors Of the Fret National Bank,
Oh the corner OF State and Washington. h.va
just completed their -afetr deposit vaults in
the basement Of their absolutely 1-e-prooi
building. The arrangements iucln IL tomt
100 iron s4fea, with locks OF the most I'M
proved construction. which thoy propose tt
rent at rates varying from s15 to sio pc
year The safes arc secured By qundsurl'
OF the 1epoxitor. Ho that loss wpuld be. mex
, | to Impossible, while the vault j, arranged 81
that securities and papers can be exsminet
| without leaving the rrom At- utge, ~
Caslier, viii take pleasure III e1h.h's.ng u
vaults and safes 10 parties wishing to exam
J fne Them