New-York tribune., 1870-08-22
SATURDAY. August 2O-P. W.
The feature of the day in Wall-st. has been


Tho faatpre of the day in Wall-st. has been
decline in gold to I4i that price having been made IN
the i'm response the foreign news concerning
the war which news interpreted as directly fayorng
An early peace the foreign markets the same opinion
AZ TO the duration Of the war seems to prevail ana the
highest quotations the commencement OF hostties
have been made to-day. In London consols have been
ouoted at e2 and 620s OF 62 at so, while in Berlin es
have advanced 10 9A and In Frankfort to 93a While
this buoyancy has characterized all the markets "here
the German element prevails there has been great dc
preston In Paris according TO bankers dispatches ana
Rntes have been reported at 50 in god which, as the
Bank of France notes at discount OF I'VE per cent
would make them about 62 in currency.
In the money market the supply to-day has been raher
more liberal than yesterday which but natural in view
of the desire Of lenders to obtain two days on
their balances On Government bonds ana nave peeh
the rates. according to 1.-THE standing OF the BORROWERS
while among the stock brokers has been the hghest anu
rather the exceptional rate. In the market for CONNER
cal paper but little has been done, and rates remain as
follows: Prime indorsed paper under four months 10
81 per cent while the of the same grade SIX mohs
is "A to 10 per cent. Singenamed co days Is quoted at
10 s and four to sxmonts at to H. Foreign oahkes
paper 60 days. does not pass under per cent for the
choicest Names and rsteass domestic bankers three 10
four months is quoted at to 10 per cent The
statement Of the city banks for the past
week points to rmness in the loan market The reduc
ton in the bank has made further progress wth
out a compensating reduction in the hablues SO Ia'
now the banks holdony Sl 9l In lawful money ABOVE
the legal requirement. the smallest amount so held Tor
long time The in the is made up OF sSooo
spece and 976 legal tenders During the week the
Treasury paid out in gold account OF interest," s3to
and on Wednesday last sold 81 10000 Inc com customs
received during the week amounted to s349, ana the
specie shipment from this port part OF whlch was III
bullion and foreign coin to 81 227666 The loss IN ega
tenders reflects drain of currency TO the west forthe
ent he i'm
the excess the loss of deposits over the decrease IN
loans SPECIE and legal tenders, that considerable na-
tonal bank currency had also been shipped to the nte
rfor The demand for currency from the West is hkey
to gradually increase from this time until the gram
crop is marketed. This demand will have 10
he supplied by the banks of this city, Phila-
delphia and Boston. Comparing the combined totals OF
the banks of these cities this with those at the
corresponding last year. it appears that the loans
are sisOOOOOO higher this year. that the specie rs also
s. 100000 higher that the legal tenders are S6Oo00
ower that the circulation Is also HO00oO lower, and
that the deposits are sI9sOoOO0 higher In short, that
the demand liabilities OF banks $s3000e higher
than last year. while the total reserve lie s30O0o less
As in ofetting this unayorable exhibit is the
large currency balance of the Treasury which is about
sl60OOOOO higher than last year. The amount OF money
Yheh VIII be required to move the crops ought also to
less than last year. prices lower Later in the
season the operation of the new Currency act may
afford relief Although the bill authorizes the
withdrawal of the three per cent certificates yet concur
rently there will be issue OF s54Ooo0oO new national
bank notes and the establishment OF new banks which
will draw out boarded money in sections where they are
likely to established to say nothing OF the enlarged
credit facilities which they will afford While, therefore,
il is expected that the market will be an active one at
be fu rate during the Fall months there is anticpa
ton of severe sringency unless artificial means are
used The following is a comparison of the bank aver
ages of the past and preceding weeks: