, 1873-08-05
MONEY AND COM MNlERCE
MONETARY.


SIoxpAr EVENING, Aug. 4.
Tho woolk opens on n very quiet money mar
kot. Some fow Qf tile banks ropnrt reasonable
discounts, but NJ y whole tito donlnna for money
ts exceedingly dull. III most onsos they prefer
to lot tl.cr funds 1o llo for fow dayb or weeks
rather than to make concessions on ratea, while
othors would gladly loan call or on 80 ddys at
considerable reduction from tho lcgal hguros
viz: II por cont. Another way ofton adopted
is to buy short paper through brokers quietly,
90 rs to mako something to llcl1 along tho noxt
Dividend AL such tranBactiona are, Of course, :.
confidential. :,
Thore is not very largo supply Of paper ons
the street. 1lates ~ Inst wook, 1@2 per cont,
nor mouth, with commissions. Usual hgureH,
1]S@1ia. ,..-.-, ,-. I
Exchange was firm thia morning, somo 1argo
parcels changing hands ae 80 couls per 81 .oOo'
but for tho day tho average WAS 70 cents. 10
customers par to lilo were tho ruling hgurcs. :
Tho fuctB in regard to tho Gardner failure nt-
tract good leal of attention In business crolos.
Cordial sympathy is expressed for Mr. t., na ho
hns always boom ono Of our mose ontorpd1sing p
and agOo, 900 but It III beovod his property
viii my largo percentage OF It. mud many bs,
lievo Il Lis creditors will give him timo ho will
work out and "pny then3 nll:" His 1lnwino IN
Iestment Of g9 s% m II lis 'is sure
Money eeenls TO le tending to gronter ab11n-.
dance everywhere. The Bank Of England re-
ducod ita discount rnteB Inst woek from to %
per cont. American stocks md sccuritoH, ns q
CONSEQUENCE showed an upward movement. Al
yet wo hoar of no speculative noyelnont,--a ca.
tanity tllat con only be prevented by rovival OF
active business. For this, in eo1no respects, tho
prospect is favorable. Por contra, however, wo
nntico that tho prico Of
is entirely too high. More veasels, with more ore
capacity, nro greatly needed. For ocean troiYlts
In September, 90 contB for wheat per bnslol,
Serea a Tns Na w NIKE
Of whoat IN Liverpool about 64 cents.
This docs not show very brilliant prospect for
shipments, and, i these ra.es continue .,aane tey y
figures aro BY Now York. Wo hsve not tho ratoa
to-day by Montreal br,t 80 large amounts Of
ceroa!s aro shipped down tho 1T. Lawrence that
no great reduction can DO expectea 1rom
reaping a rich harvest This state Of things
should influence our Canadian natghbors to
hurry up tho enlargement of their canats; for.
with voHsolB Of 1900 tons car1yingto MontTeall
and corn can 10 takcn from Ghicago.
20 cents s''poe' per busIol. It It. is plain that,
with this route oron Mt ovon 10 conto per
Ii
now command NIL our foreign export trade. This
fact has bcon urged il, theso columns for nearly
twenty years; but tho Canadians SOON slow to
appreciate and to grasp tho opportunities plninly
within their reach.
BANK OF ENGLAND. -..
The return from tho Bunk Of England for tho
wco entled tllo 18th Of July, 1873 givos tho fol-
lowing results when compared With tho previous
wcok
Rest. 3,a1:. .s29 .1ncroase..:e 4l,1oe
PuhlIe uppoAitY,. 6,1Ji, ,D:ti Decrease. 27,Ghl
Other 'eposs..... 1sc1ls7s. .Drcreaso.. 1,34alo9
tics .... ........ 1a,a7s, 154.. No alterntlon.
othcr sec'res:. 112l!,l1 peereaae.. 1,as9oll
Notes unenlloyed 1o6sa ineroase.. coa 2Go' "a
of bullion in both departments is .e22, All, 200,
showing III increase Of :e36, ,G1s, when compared
with tho preceding return. sub1oined IL com:
Englnnd and tile prices of consols and Fronch
rentos, with the corresponding wook Of last
year; " ,-
ksls kstsfss: ,a isisse ae1ss
Hates of discount. .-........ " cont . r a csnt
feenoh fensos 5ef $40 SO 5.f IL
THE BAyINas BANKS or NEW YORK;.
Tho nnnlal report of tho Superintendent OF
Tho Banking Department Of this State, in rola.
ton to savings banks, demonstrates great actiy.
ity aud thrift among tho laboring classes Of tat M
city and State. with a population Of 4, 382, ,oOC
tho aggregate deposits on lat January lust were
1886, ,2sG,62l, with dopositors 1922 0i2 in numl er
Tho average deposit of each individual WAS a345
while tho dopositorB formed moro than 18 Pei
cont of tho total population. Tho growth Of de-
resented in the following summary. showing the
$G2; and for each dopositor, 9340:
,oco Ieqs!a!io" &c 1s4 s. Ssgsg. gas r. A'ns