, 1873-10-15
MONEY AND COM hYERCE:.
MONETARY.

TUESDAY EVENING, Oct, Il.
go far as Chicago Ia concerned, tho old adase
that " no nowB IL good nows" " will apply directly
to our monoy-,nartot. Thoro is scarcely a
eha'low Of difference slnce yesterday, except a
gradual aud steady Improvement. Curroncy CT H.
tln,les abundant, with no cxtra dcmand Tx
change IL tnkon ut lilo to Il discount, mud sold
to customers ut par. Tho higher purchasing
figure is forproduco drafts. Country collect! :,
aro improving, md generally tlaero Is B:c.. !:
progrosB to the condition OF things preceding tho
paulo.
There Ia scarcely any stroot paper ofroring !,
moro for tho reason that borrowers know Tint
money in not to 10 had at any living figures
than bocauso It Is not wanted. 'prokors report
that u l9@2 per cent por month could DO readily
obtained.
The foat,1rc OF the day wan tho opening OF tho
UNION NATIONAL HANK.
There was general expression Of oongratula-
tion mud good will among business mon on this
auRpicious event. We think wo con sny conNdout-
ly that this will be tho feeling oil over tito
Northwest, At tho bank all wont on worry quiot-
y, and during tho day tho deposits were largely
In o1cess Of tho checks paid. Having paid OF a
large majority Of ts dopositors, tho baNlz Is real
" stronger than it has buen for long timo past.
its, togothor With tho marked ability anl uni
form oourtosy with which 1t wmB lnasiagcd at-
tractod to IL moro. than eG,00o,000, which no
vol conducted bank could pay oil OIL call. Whae-
oyer may happen to tho stock gatahlers Of Wall
street, it Is believed TINT Jlicago bnt,kB call
now Weather almost any financial atorm they
mny bo ablo TO produce.
Dus1SEA9 PROSPECTS.
Ihoro seems to be no rcAA0n to Vhry tho opin-
ion 50 oftan Expressed III tliH and tho other col
unlls ot TME 1'n1puxn III regRrd to the PROS
necta Of tue full aud winter business. While the
volume may uot-aud It ia well that It should
had not tAo .pauio occurred, tho result will bo
healthy. and form moro substantial basis for
tho immediate future shaky dealers will bo
donicd credits, expansion will bo stopped, and
off with what ~ loftof stocks on hand than they
would bo with their goods In tho hantls Of
customers who cannos pay for them.
Our farm products. corn excepted. are bringing
uust havo them, and tho conviction gaiua
strength every week that the Northwest is in q
sound condition. Should the BtrinEoncy con-
tinue till tho commanders md loadors OF the
Gould, Drew, aud the rost, should be swept out
OF sight, and tho PRESSURE grow even more
severe, till 1t eQueozed oil tho water out Of tho
stocks OF our Eastcrn railway limos, tho world
would be all the better for the panic. The poople
might then hope for reasonable freiyhta for thoir
products to tho soaboard.
BULLION rRopUcrs.
It will crafty our roadors to notice the ateatly
incvease OF tie bullion product OF tho city,
Whom all o.lr s,neltng works arc once III opera
tion, md times become oasior, will it not be in
order to talk about tho establishment Of mint
in Chicago2
THE SWANSEA SMELLING AND REFINING COMPANY
produced lust wooh
EieStwo silver bricks 2e6lo,S oza, vaue. 44s.a7
n Enld, .................,..... 4,7001O
Le1o, 14e,uoo luS As vi 1G, 10000
$3o,o63.27
The Company bought last wce1s GAO tons of orc
md crude bullion which ia now on the way from
Salt Lake and the Wess principally from Salt
Lake, ard they are now buying at that rate, lay-