, 1870-04-17
MONETARY AND COMMERCIAL


SATURDAY ETEdISG, APtu IT,
business has improved considerably during
tho past week, and the streets and stores hayo
presented m appearance Of activity. There is
mora than the usual number of country mer-
chants in the city, though they arc generally
buying in email amounts, go that tho aggregate
OF business is not equal to what it would be i
confidence in the future wns not overehadowed
By the fear Of what Congress may do in con-
nection with the currency The Funding bill
is now almost tho only cause Of any apprehen-
Eons On the part OF the trading community
All the other causes OF depression have e1-
pended the most OF their force. The decline
Of gold has produced decline IN wholesale
prices Of nearly AL kinds Of goods, and though
IL many instances it Is not equal to the decline
Of gold aince last fall, it places prices On d
basis where there is not likely to be much more
decline for some time to come. The price Of
gold has lopt it's downward tandency, and under
the speculative operations OF Wall street, and
the probability that there viii, a. usual, be
some revival Of exports Of gold during May
and June, the price is likely 70 show . higher
average in May than in April. Wheat, the
great staple Of tho Northwest, csn scarcely get
much lower. Farmers, in their present pro-
parations for planting, wlllprobably turn their @
attention more to other grains, and it Is hardly
probable that this, as we'll as all other wheat
producing regions, will have another as abun-
dAnt crop this yeaf as during the List two.
On the whole, there is good reason TOR
expecting revival of business, and II the
currency question was settled On some reliable
basis, it would be the beginning Of permanent
prosperity
Money continues easy most Of tho banks
have moro funds than they can use to advan-
tage, and it q believed that in the aggregate
the banks would increase their loans million
dollars it the proper kind Of paper Was offered.
Exchange is weak at about Csc per 81, ,UO0
premium for sules between banks. At the
counter, bankers sell at lilo premium, md
buy at par.
The Union Insurance and 1t,.ss Company
Earrings Bank has recently been organized,
under charter granted in 1857, and has now
opened oi}lon at the northeast corner Of
Madieon aud Dearborn streets. It's plAn Of
operation Is indicated By its title, being acofn-
bination OF one phase Of life insurance with
the business Of savings bank Deposits can
l,e made by married women, and secured to
them exclusively. Moneys may also be de-
posted and draw interest for tie
Leneft Of minors, and not to To
withdrawn until they become Of age.
The Savings department will however,
be the leading feature: On the third Wednos-
day Of January and July Of esch year, the bank
NUN Gree from government tAI), on al suns
Of one dollar and upwards, which shall have
been deposited for the space Of one or more
calendar mouths. Its officers and Trustees
are well known business gentlemen Of this
city, whose named will give good character to
the Institution. s. W. Rawaon, President /; J..
H. Pearson, Vico President; ". B. HosWell,
Secretary.
The manager Of the Clearing House furnish-
eB tho following summary OF Tho business OF
his office for tho week ending April 16: