, 1870-09-29
MONETARY AND COMMERCIAL,
MONETARY.
WxpS1spA1 EVENING, Sent. es


business At The banks continues light even
dull. Very little Is doing, either in the way Of
granting loans, OF receiving deposits, OF In
the shipment Of currency to the country The
offerings Of prime business paper 1e oniy
moderate, and the Requisite accommodation
easier, tbough not in excess 1t any Of the
banks. whtle many OF them are worked down
quite - low as il considered safe, The
probabilities are that. il the day
Of statement Wis known. money
would b reported more plentiful. and loans
be granted WITH 50 much greater freedom Is
to cause considerable revival Of business
At present there are few be=ides regular cus-
toners who can obtain loans from the banks,
Money is reported dull, and even plentiful,
in New York. But 1ittls graia has bsau re-
eeived there from the Vest, thus far, aad the
purchases Of goods By Western men have been
liberal. while large amounts Of foreigu capital
have been cent out there from Eulope III IN
Seetment, and that fAct, With the knowledge
that the government las the power to ID
minister laxative remedy At my moment.
hse prevented auy such locking up Of funds
BY the specalstors rs has been experienced IN
l.att Seasons. There are ramors afioat that
some Of this European capital IS finding it,
way to Chicago. to be placed n the disposal Of
Western operatott md there Is no doubt that
the New York capitalists are more ready than
usua! to accommodate business men with
usable cash- This is probably the cau.e OF The
gEo*ing esse IN our money market, which has
been observable this week.
1heIe i Alto reason to believe that the re-
cent Weakening in the Gnes Of depoeita On the
pa1t Of the merchant class has induced 4
chznge OF policy in regard to iute1eat allowed
On CITY and country balances. Four per cent
has been named - the average On the latter,
but it IL eu1mi.ed that this figure has receuily
been Increased to s per cent in soue instances.
The wisdom OF aboishlng tho interest on
country bank balances is questioned In come
quarters. While it would diminish the aggte~
gates At command here. md thus tend to
keep the currency Of the State better dist1ibu-
ted, would probably result In much larRer
patronage Of private banks, which would not
BE- Affected By such restrictions.
Ihe ahipp;ng movement continues light for
the season, but shoFH signs Of soue improve
ment. Tbs Eastern receipts Of grain have
been thus TAR below the average. and Eastarn
operators m preparing for IN increase in that
respect, which viii tezsd to equl1ize the dis
tf7ku'iou Of currency. There IS but httIe go
Ing cut to the country, and these Amo untA arc
ABOUT equal to the receipts from the slower
coiIeetloua which are being n1ade by city tneI-
ehants from their country customers. =
Eastern exchange wss fImer to day-ss32 waa
eold between banks at 25@5lc per e, 900 dis
count. but several parcels we're held drmlv II
p2r, and the expectation is that It viii be ett11
ntner, ~ there Ia but little making by tho
uahMef OF property to the E. ast, while there
sale merchants to par their indebtedness in
New York. Over the counter the buying t1tee
we're i;sn discount, and selling Ut par to 5oc
Peg g, 900 premium.
The following quotAtiona we're received BIZ
ba11at March TO day: