, 1870-09-03
MONETARY and COMMERCIAL,
MONETARY,


The financial wc1ld in Chicago IL still rug
ni;,C OIL The "easy'" basis. l;hnkers report no
es.t nt:al change IN tho condition of the nouoy
matact. The supply OF currency is adequate
10 meet all wants Of = Legitimate character
and thoee who have uudoubted security to Of
fer experience ro difficulty in obtainil.s ac-
COME olatio1i. Tho offerings OF primo Eusi-
nsrs paper continue light, and arc readily
accepted, 4t the usual rate OF 10 per cont par
aunIul on oidluasy tecnEitic., and At 76a13 ,rt
cent when Gulted StAteA b0Nds arc deposited
az co1latorals.
The volume Of business at the CIc:rin.
House was larger to-day than usual, owing %
the fact that yesterday was settlement day
amcng the operators iu g1ain. and several
distances we're quite heavy. This fact pro-
Guced the necessity, i'll some cases, OF selling
New York exchange. in order to meet the cali.
and hence offerings Of Eastern bills werv
more Numerous. Rates between banks we're,
howeyer, unchanged, sales being made, in ali
casts,' At paE, but slghtly ea.ier feeling was
nntteod over the couater, shsro the ssles
were moetly .nnde at par, and the purchases
at l-lO nf oue per cent discount.
Tut there is ITO more New York exchange OH
the ,nxthtt than heretofore. 1hs banks have
slhj:ly betn changing their reserves, tempo
Ear1ly. ne have hoard Of no new shipments
Ut currency biting ordered from the East, aud
there IL little promise ot any extensive move
.ocnt in that quarter at present. Our ship
mehte of produce to the East are still on q
small scale, for this season. aud our whole
sale houses axe full stocked for the autumn
AID winter trade, go thst tho current OF busi-
ness between this city aud East promises to
be nloro quiet than ordinary. There is Il
moderate sienand for grain at Eastern points,
hut it IL lighter than would hare been ex-
ptcted, even without tho spur Furnished by
! :" tue pomp aud circumatauce Of war;
The same is partially true OF our relations
Will, tic country West Of us. Onr drooriug
! markets for produce eeern to have oneratea
| lEc letla1gic potion on country holders Of
| Sr.in. and osI receipts are much lighter thau
they orsht to be. though quite large enough
10 nee, the ue.tls of shippers eastward. In
Two stock ahore Is moro activity, but scarcely
! encRyh to compensate for the dulness In
trcsastEf1s. Hence there Is but little demand
Tor currency to 60 to country points, anil the
nutHolnE funds arc about equal to the amounts
comins into the city from country dea1ezs-
| The Reduced receipts Of produce are grad
naily telling on the collections Of onr whole
.sa1e merchants, which arc already working
| closer. Tie SAME sctivity is displayed in buy
| lnG dry goods, and groceries, and lumber, for
the country. but falling on In tho desire to
mako prompt payment 1s noticeable. Collec-
| t!e:.s arc lees in amount, and in conrel luence
the lines OF deposit by our city merchants arc
| shading off, fac. which, il continued, will
have tie effect to natcrially reduce o.lr sur
| Illus bank f.1nds, aud make the rnoncr market
1uuci less eaey Will in few days. Our mar
! ACA aF|AF bcVA IEtEllklN+ Hu4 tVtltiHG LuO
banks hare had 20 much money on hand Us
,,cczu-c 70 little If ii has been wanted.
Our statement Of the public debt, printed
| &tn- 1eotsir., Slows decrease to tie extent
OF 1sa 54a, liU u during President Grants
administration, or G:Ssf per cent iu one year
| ard 4 half
InNew York, Wall street has relareed into
dufEess. owing to the war news, which serves
to absorb all the energies Of the spcculators
I ~ tttine to understand it, the effort to recon-
| c,1c the conflicting statements being enough
70 drive some Of them into half insane con-
dition. They aprear to have little time left
fer trading aftcr tl,sro exhaustinR mental dis
cnerions. The truth ie that most parties find.
a. IL the case here, that tho European eltua-
tton has been rliscalcu1atcd upon, and ite re-
suits very far from what were anticipated
The general inclination is toward letting
things alone till decisive result is an
nounced.
Tho request is msdo hv Satioxal Bank to
! remind shippc1s that Canada banks charge 4
Ier cent fo1 collecting demand currency diafts
when payable sin Now York exchange" that
they rnaT take measures TO avoid tins gou3e
| 's arranging differently With their Dominion
| correspondents.
| :. Tho following quotations. for gold iu New
| York and bonds IN Londkn were received by
| Eatrstt i March: