, 1870-10-05
MONETARY AND COMMERCIAL
MONETARY.

TCEsDAr EskStK6, Oct, I.
Tue banks report All ine1nAesd acsisity in
tie local money market, which is especially
gratifying in comparison with the dulnesa
WLicli We hAve cllrouiclcd asily. for somo
weeks past. There il pereeptib!a increase
in the demand for money, from all quarters,
botl. city and country. Witch. II pot beyond
the at i}ity of tt,s tnnks to supply. ill., At least,
fully equal 10 it, aud Il yielded To but par
,itlly il, riew OF The im!#ItlloE call for
bank statement, which ~i1l, in al probability,
I've made within week frotn to-day. The re-
eerves OF tie banks arc already worked down
to 70 low t,oint that, with many ri them. it
would he difficult to effect 4 material enla:ge-
ment III their dircnnute, and the othats do
not regard it as Eou1 policy, lust now.
EAssersl exchange was agtin timer to-day
II is really scarce, owing to the fact that but
little IL snAkseG in cunipa1ssot4 With the de-
maod, which is now ! tsi=k oEo from naE-
chants utn have k,uEht oil the zeaboaId a
.rent1y, or who are Obliged to reatock to flu
tho vacaneieN maho OIL their shelves bF the
hravy demands Of the autumn tradc. There
were free buyers to-day ut 50c per II 900
. premium, but 20 It'll. offering that sales were
rer1 light. Que OF swo saicn Hese reported
at 6oc premium, aud tue probability is tLat 75c
would hare tren ~illingly paidin some Cases.
Over the counter rates were f1otet At l,ar 70
50c discount on purchases, and 5JotaSl.0o
pycnlia1n per Fl .9eo on -ascs.
Everything Do9s points to good business
in tbs West during the fall aud wtntcr- Grain
and live stock are plentiful to tho westward.
for additional supplies. whicl, naak be met.
Eastern buyers have held nT for Adsne weeks,
in anticipation OF tp,:edy return OF pcacc
and coEs~qucnt lsoi' in pr scca. OF conEso.
orr markets have been seAk, aud the farming
community we're. naturally, unwilling to selt.l
in their produce when tl,ero WEE no demand,
and I:tlo extra supply might hare forced
down prices to vers low point. Now there
il 4 better inquiry for LreadstuUe, aud chr
farmers arc respoudiug willingly. Thnre is q
good prospect for E2ateria1 augmentation in
The volume Of our grain receipts, a. money
Try to-day than for soma time
pxst The cali IL. indeed, a
libe.al one, and will be still more so within
two OF three weeks, when the great hoG trade
will set fu toward lis, IN the Advance gustu 81
m a.mv OF poEkern. the number ot which il
cstirnated at 4. .0oG, 900 head, more than quar-.
ter Of which Ti1l 10 handled in this city.
Tie ofIerinSe Of prime bnsiness paper here
arc ret only mt3er1,e, thouEh larger tha1
heretofore, but sccond-c9ass paper il Growint
very plentiful, showing that holders u II
cl.sses cf SECURITIES aIe ar1ious to operate
aIis indicates fhst the comparatively lov
prices which hare ruled for q long time pas
a1e regarded III abuut the bottom Of the heap
and that quotations arc expected to advance
realizing profit TO tlIuae who may 1'e forth
uste enough 10 hold dslEtnE t4e process
The rates Of accommodation At the bank
are still quoted nj 10 per cont per anunr OF
strictly 1ilrt-c'ars paper, bnt none aso obtain
ing the required loans unless theE hare til
advantage OF being rogu n customers. Ss1es
E1tes arc notriualls 2 per cent month, Wit
a brisk dcmnul, ~hics, carries IN the aaoti
ton 10 still higher figures on doubtful q,
. our7.y. 3foues i. reported easy in Now iorl
and there IL nd Doubt thai sucl, at onr baul
as have tho requisite ability can obtain i fro
The East in considerable quantities direct
- after statement dsy
The following slnotations were received /
dsr fty ltsfr8tt Il NafriJ7