, 1872-10-14

One more bank is Included in the abovs table than
in previous tahulation Of bank statements, the
Scandinavian Bank having been organized as Ma
ioua], and now makes its first statement under the
the sonen of the On nnsssa 9ase
g and o s s b III Il
1n1 in cash and securities on hand decrease Of
Els in exchange Tor amounts due from al cor
sess Of y 2n9 il ioans. 'N'
These important changes reflect the stEingency that
had prevailed in this market st the date Of e reports
1noney,- but we're. obliged to borrow Of
e. a e B:1s 1s aS Gs ssn en- q sRsss sss4y Z
loans had only been reduced 81 900 o0o and the dier
ence had to be supplied ont Of the avaans means a 9.
in the cash and exchange at their command
In the columns Of percentsges the IL term zeasa sa
securiies on hand {but not the bonds deposited With
the United States Treasurer except in the case Of the
ssd Ss due ii
Liquidation Of ,h to asnoztos
Of these bears 10 Indebtedness, VII show dposors
the ability Of the bank to naqiaate much better tnan
It will be that the average percentage Of "cash
means" nearly per cent less than on June ~;
1eauiaite IS per cent iegaender reserve and the
sase Of bank the whole Of it's available sazh
seeai tenders. On the whole, however, the banks
have been managed With great ability and careful.
month and their present statement is even more IA
vorble than might have been anticipated BY those Who
have had experience Of the pressure Whch had peen.
and is get brought to bear upon them to induce hen
to expand. -.--
ranged in the nbore table is the game in which they
1ere arranged little over one gear ago. the banks
tfb 5s o her
from that order IN the present instance snow the
change in the business Of the banks in that respect
The penalty for Violations Of natural!avs inevitably
falls somewhere, and on somebody This principle is
the sa1oua corners in wheat, oae, and corn in this
market during the summer bad in helping to produce
aops ea tbs q pee ID
West above what those grains were worth to Fhip to
the East This cged the ho, Ias 5ssn ea
live and left the vessels and railroads With but little to
do. But every dog has bis day." The railroad and
they essN''111ass were che Cheated & ont Of in The
summer has all, to be done yet, and. though they
he East that should 60 there before The close 81 nav
EaG9 they ehasgs the E pree qf ns tha1 ehf
eu1a a poper eeson fhs is Of not he sole
of the present strngency in the Vest but has
hs 6s s gs saa oaas q s
this year than usual City merchants knew there we're
large In the country to maTbe a5d expected to
fhat The Volume Of products to forward is larger
Bran usual it now becomes apparent that the trans
ortatiop facilities from Chicago eastward are much
less, in proportion, than in previous years
The high price ofiron has stimulated the demand for
Lake SUPERIOR oree and drawn of a good many YES
sels into that trade that in one way or another the
facilities for transportation eastward are much dmln-
ished in proportion to the products get to be market
cd hence the low prices Of products IN the country
and The inability Of farmers to pay debts and henee
also the necessity for borrowing experienced by city
IN the local money market the week closes with 2
quieter feeling. than it began: Mcney u, j.
edess edHane'' IT, 'sIa and JOY all creditors ars
srrit is maintained viii greatly alleviate the evils oi
the strugency. :, i.
The banks, however, still find the demands OF theis
regular customers to be greater than they can mee
in the open market good business paper with twc
names sells N to per cent per month on eol!at
erals money to be had at from IL to l3 per ceot fe1
annuSu. ,.
Exchange was sold between banks to-day at 5oc pei
ST. 0b0 premium, and was firm at that price. .
The clearings at the Chicago banks Tor the Neea
ending Oct. y were: ,.,u.,,.
Date. CEenr1ngs. 1ntaneeg M ne y
n!onday... 4,368, ,929o4 9!e s0a 8:
Tuesday s,53a'asez es9'9s astes9 q
Wednesday* S,o!o'oos.t ~, ~ o1
TluFS1ay. os4!5sSs1-!o
Saturday. ............ 3,a25,c67.l5 ss7o75.oi
Total. So os5 pc; q Sl,o17le2es
Corresponding week last year, no clearings.
--LATEST.
NEW YORK, Oct. 12.-The gold market vas ou4 ano
steady at 112z5@112X throughout the day; Leans
wore from to per cent The daily clearngs were
atout s47 900 o00 The specie exports for the ~eeh
IL fqFsiga sssaapgs uaskst Hss guist aqs steady