, 1870-11-09
1Ssa.
$t1,o55.7a3
1a@3,9S
t.5H.3T
A8a,0@
4for513,56d
s.7s7,@
x&9t2!6,36a
i6,ls6,5H
Ft1 80 IN
$26, e11,o8
Rc-exccFts OF fo1&tgn
specie ................ Il, 1,ss5,e47
s3s.aGs, ,20s
Total Imports. ....,.... Isis, COS

Net exports for mos. .S:9 s5s,so5 f3.;39,;;o
The foregoing shows that II tho close Of
Jul! the net exports OF specie from ail tue
900 more than for the corresponding period
Of the previous year. Tho Bureau OF Statis-
tics has not yot prepared iss figures for any
later period than July 81 Of thue year. but
it is altogether probable TINT tho exports for
tho exports for tho same month IN 1863, be-
causo the var in Europe WAS still csasing
considerable drain. The total exports Of
epecie for 1862. ~ hhown by the Commerce
ea5 900 oo8. Against this thare we're Imports
Of foreign coin and bullion to the
amount of E25, 900 ,ooo, making: the net ez-
ports Of specie about eao: :oodo oo0, or just
in thia country during the EeAr. But tor
1870, even If 10 e4tlu1nta that tho exports ok
epecie for the nve months from August l 10
December 81 should be ho greater than tho
of speciefor 1870 xon1d bs ne.r s7o, 100000.
ssseie % not to eseeed es5, ,oos. .ooo, tSas ,s.1iSg
tie net exports tor 1870 About 4{5, 900 900, in
stead of Ss0, ,0oo. 900 "a in 1865; These ssstis-
| ports Of specie this year will exceed tho as-
| Rregate amount Of production and imports hy
about @l5, coo, making the ssock Of gold 10
the country that much less than At the close
OF 1863
Tie Boston Commercial bulletin zefera to
the fact that the question fIequtnt1y araaes u
banking circles as to whether or not d bank
may Use any part Of it's surplus already lid
/ ae1as under the ~ per cent law ct the bank
! act. to nay dividends. The only prohibition in
tie matter Of dividends found In the bank act
il contained in Section 98 Of That act. Il il
thtfo provided that no dividends shall bs
made TO greater a,nouns than the net profits
on hand. The National Bank act 1eqnites that
b,Dks ehsll put aside each si1 mouths 10 PR
Dividends until their surplus equals 20 par
cert Of their capital stock.
Many Of cur Chicago banks hare made up
the required 20 per csnt long ago. and two
have accumulated surrlus funds equal to their
capital. The ordinary visw Ia the formation
uniformity OF dividends to shareholders h5
drawing uEon tho surplus fund to pay diyt.
dcrds when there were no othsi undivided
profits On hand. The National Currency ct,
nation Of fund which should be \ sort Of
| additional guarantee TO depositora for the
amount Of their deposits, and = sort o. indes
TO the public OF the progrezs and management,
Of the banks. It is to be presumed that aftel
tho 20 per cent has becn accumulated, tht
: bank would have right TO declare dividon5
, | ont Of the surplus fucd II it VAS though
alyieab7e, but, for the REASONS abose stated
probably few National Banks wili do 60.
. The change to an easier condition ID thy
| money ulA{kek u HA1La fOtlk4f61 o1A A9HAAF ~
tho banks now report money as "comfortabl.
: easy." They aro restricting their loans, how
| ever, to short time paper, aud demand loans
! On theea terms money bids fair to be eAay 70
. three weeks Jet.
+ In stoze since the close OF last week-th
: probability Of which we mentioned ut the be
T. ginning Of thia week.-Mrs. g5yeu us conHidera
i Bic more money In bank, and good desl les
: grain in store. The total amount Of grim 0
I'll kinds in store hero on yesterd.s, was 8,
J. GOO 900 bushels, againat .20t 900 on the cor
9 responding day Of Last week. A. the decreas
" released near half million Of capital. Be
e;dea this, currency 10 flowing in from tn
country, parity ~ tho result of moro success
fu1 collections By the merchants, and partl
IN because there has been ! check to grai
u movements In the country, and there
F. no immediate uss for the cn1eucy theta
O. ExchaD6e waa scArce Again to-day, OWN
u to tho Diminished volume OF grain Bhlpruaut
e EAles wero made between banka 1t 50c ps
~ ~ &, ,008 premium, but there wcro few sellers
~ y. ihat, and one bark shipped currency to Ne
II, York to mako exchange. At the count
- bankers sell 1t LILO premium and buy at s.
per 4l 900 discount.
The following quotations for: buying AZ
selling government bonds, local stocks n
land warrants In this market this aiternoe
A.. arc fu.nished by Aeaass. I,unt, Preston
~ kean, II C1a1k atreet: