, 1870-10-04
MONETARY and COMMERCIAL,
MONETARY.
MoSpAr EvESlS6. Oct ;.

MOspAT EFESI2tG. OCT J.
Local GnAncea are IN much the came condi-
ton =. noted last week, though the general
auietude OF the current Of 11airn his baen
Temporarily disturbed by tho arrival Of the
16t Of the month, which usually brings with 1t
tho settlement Of numerous grain accounts,
the payment Of Commercial noteA, and cores
pondiugly increased clearances 1t the central
house, with greater movement Of currency
between baukt. Owing to the var excitement
Of last month speculation in produce was mod
erstely liberal IL amount, md tho balances
we're larger tlan heretofore The c!earauces
to-day we're about four millions, whereas the
whole Of last weeks exhibit was but about
fontteca milliors.
Money il still r,t::cr scarce here, but seemed
to be . thsIr more plentiful wi,hin the past
dag or two. 1t IL Hlways more abundant at
tlis time in the month, except in grain cir
cle=+ 1t is no: possible TO arrive At a knowl-
edge OF the amount OF currency at the COM
mAnd Of our city bankers, seeing that the
statement day ls probably 70 near; but il ii
believed +. be fght-uos mora than enough to
enable them to make Isspect Able e1hioit
when the day il liked. The country bAnks
have recently reduced their city deposits to 4
great extent, the tota1s now being scarcely so
per cent Of the average. They, too,
hase t... .,,s been preparing teE st.ssmsnt @ asy,
ly to aid stock-fecdiug this winter, sud,
to some extent, to enable the farmers to tide
OVER tho SEASON Of low prices in grain without
selling at figures which could leave them no
margin of profit On their labor. With better
Eastern demand, now springing up. there will
which the farmers can Afford to market their
crops. At present, the movement Of cnrreu-
cv to the country il only moderate, though
the receipts Of grain arc on the Increase, and
country collections ate fAir in amount. The
general city tfnds !. sattse1 quiet fos the
seaeou-
Our relations with The Eae. are becoming
more active thin heretofore. Our shipments
OF produce are on the Increase, anu the move
ment OF funds toward Now York TO pay ID
deatedncss on goods received, i also increas-
! ing. The prospect Is TINT New York exchange
will be more plentiful, here within = week o.
| tw0t aud probably sell again at discount
hut at present it Is scarcs. mud commanded 4
premium of 50c 4 900 to-day betweeu Danks
! with Al 1G!ive eu4aiIy. though ono OF t~t
| sales Nele made early at lower figures. Coun
ter rates are unclangod, the preseut ecarci,,
being regarded As e,:ly temporary; they ART
selling ut SLIGO per 5l.cc0 Premium, and bug
ius At j1.03 aiaecunt.
the general nnti:lpatlon now il th1t w
shall soon have = really tight money market
| Ap1licatiOps for loans arc already increasing
hut mauy of them arc refused in eonselusnc1
Of the near approach Of statement dag. liza
over, the increased inquiry for tuada where
1 with to nl0To grain WILL 0e euI'plcmehteA oy
large demand to 1next the requirements o
tAe packing Eeason, aud thai proulis u to b
az active une, holll in ciy aud country. 1t ma
be ilat money will he closer this fall than 70
several years past, as the volume Of trade i
annually Increased III a large ratio, withont
corresponding Augment in tho volume OF cur
rercy. What ia real!y Nantod ss,, that tho pr,
minm On gold shouid di-apacar. in which cas-
ali the gold in the country wnulA be added I
tho volume OF our present circulation.
The following quotations were received to
day by Eatratt 4 March: