, 1873-10-24
MONEY AND COMMERCE.
MONETARY.

WOlNE ANA
THURSDAY EVENING. Oct. %.
In this mar1ot financial ntlairB continue es-
tremely quiet. Tho volume Of busiuoBs nj tho
bnnks is, however, small, hoing only littlo over
hatf as mucl, checking aud dcpogting as tAoro
wAg before Tho ranic, M ia shown hy tho dnily
clearngB OF tho bankB, which now avornCo only
from $4,000, 900 to s3000.000 againat Il tlaily
rango from sl,5oo,000 to s5O0o,0O0 bcforo tho
pantc. Tho busineHB Of tho baults iB, howevor,
slowly but steadily increasing. Tllo aggregate
Of deposits III tho commercial hauhs OF this
city iB still Mt least eD,000,O00 below
what 1t was before tho l,anio, but tloy aye slow
" and Bseadily increasing, md discounts are be-
Ing gradually extended. Tho banks OF this city
are now mora than twice rs strong III currency
as they hayo boon lit any ordinary condition or
lnuncos. It can 10 aafcly snid now, that, as far
as tho banks Of Chicago arc concerned, conf
donco Is fully restored. Prompt payment OF cur
rency On all checks drawn against funds, aud
prompt ronittancos Of currency for nil co11ec-
tions aro now tho rulo Of tho banka Of this city,
d position which, as compared With that
Of tho banks Of my othor cty, IL
IN such favorable contrast that 1t can~
not fnil to bring new financial business to tho
bnuhB from abroad, aud must result also III
bringing now trado to our merchants.
Tho geuoral mercantile trade Of tho city is, of
conrsc, considerably dopraBsot yet but from in-
guiry we lnye rcaaon to believe 1t Ia Rstcndily
cities, tho merchants Of Chicago Reen to bo COL
lectlng with considerable BuccesB and aro, wo
bolovo, mcoting their obligations Mt tho banks
with moro piomptncss than in any othor lnrgo
city. Notwithstanding tho disposition OF tho Now
York papers to either Hnoor Mt or ignore tho fnct
thnt fhn erfaIa 11Hu rirnn fhfn0nn u tfnfunH nt,f
moro important financial position, we thiuk
that tho experience Of tho panic, and OF tho fire
Of October, 1871, aro proving to Tho commercial
world TINT tho trado, finances, md real eBtato
than any Of our jealous city competitors, other
East or WeHt, hayo ever boon willing to ac-
knowledge.
Now York exchange is still scnrce. nnd sells at
tween bnnkB. Grain bills arc taken by tho banhs
at e of per cont discount. but shipments aro
light, and the amount Of bills offered IL go small
that there is steady, moderate shipment Of Ctr
reucy to New. York to make exchange. Tllia
movement Of currency Eastward is, lowoyor,
only Just enough to meet tho daily demands for
Now York exchange, as tho banks still adhere to
tho policy Of not permitting their baiancos In
Now York to increase to any oxtont beyond their
daily checks. Within tho next two weeks tlcro
will probably be . denand for currency to pay
tor hogs, and as these are forwarded to tho East
Tho credit to the West 1nado by ther movement
will supply sutflclont exchange without tie ship
ment OF any currency Eastward. We look, thoro-
Ia th;a ;ts md r., tt,a North,vaat n,si,o;na' ~
uYon increased during the winter.
THE PROSPECT ElsEwnEnE.
Notwithstanding tho gradual improvement of
tho aspects OF finances and trade in tho North
vest, it III plain that tloro has not been much,
II any, improvement In Now York, Doatou, Phil
adelphia Cincinnati, or ST. Louis. Throughout
tho So'1th also, tho aspect il not favorable. The
nar1v ~, acconnt ~ liz IL ,oc.ar1'nsa' ~ .@'u, ~,
pa,e5 ~, - nst1, % -. vi" oaoHm"luuass pi 'ne
n,uptcra to erata;, thcr so,tnn Sro,n annsn1,on. ~
S;nna af r;st;r t,n 'a1o - !; h., l.
oi,a,,. p1,nso, aSt,, ~ ~ pe9pl1
t,',;ta s,,ra 4o'po4''ots 1nos ns nos Aeci
II, No,v nr,oorp fin st,o,;or 1;,,o t,o. t., a.
ro;a has hro,n,t tr.da ~ nn1 ~ n'. =.
6nancia H. ers;s 1ss s'1 nnsnt the s entira Wade ae
transncsinr sin"s E .,aro, amp %,' 'u,o Va
s;on a0n;na d,p cu,rency mi ~ r;"u,as;a,, n
s"c nv e1fu; a1ye a, et,retey M iSy & gi . ~
5mG,c ur Ne,o T,ren,s 80 ooout. ba." ,,n,o 'o,S -
;G nu, I'll, ,n "tes ;,,t r;,,s.oi,T ny ,sn.t
liz ,,nnr e ~ h tit aro ,r,,.toi 9s rSona Mon1m
IL tn,a ot nro,n;m,n and 1av 1o,.',o, o't'ue'
~ T,r ,Nr,,1x ~, anrn,,,
<ro,o rro,,a non,;.,,os ~ i. .s,, ~, 4,o z,,,,,
taiaorana out;nn nS .nrots ~ W ', suo 4n 1sa.
Liverpooi 10 Now York. aud Il is y probnblo TINT
a;nro fha hno;nn;,, ~ ia n"rfo 4ta ho han,,
a., ssuroosFa ~ az, mn nh ~ n, uSa aa ovo'1
Srnm Exsau5 ~ '9 fo 1r,,;to,, S SStotos sApfSa ~
thn other Hana t,cro has hcnn stnaay t1sa ax,ort
NJ aivar onn md s,ivar ~" Iora frn',, Mna ~
Io nd ~ sse no; u,n r,, s urM 70
To- China Rt IN tho o"rrenao tI;s t ers'nrt ~
eilyor has oSceead ss of I'M, wi,iIa to Hrnot.
~ s-id I Io," NV ioro
SIN @ @ nna 1 az ,,n,r uouoiI a'an ra ueea Heas
flat for nort - tIo oynnrt NJ u,rnr ,Iin,,
;1f eeoua paausa tio aa, ~ ~ ;ica u"ll9u l;'
fnr o;r,,fo4io', M ~ so
rom n;a a,,,,';a 10 th;a ~ neascues
anna;t ~ s5f, ana At tia nnt rs cI;oon a..,' su
nepoet ~ n u soo''ov ~ ILL., eho nnt ny Ghlcaso urn
~ .ho 1n;,t fr faa,;nno, s;1sos ;isso t r
Thn pr;nn ~ s;'te@ rnrs j., nav Vor,4 a a.
e.,t ., n1'er eo,s a. u ~" lota nas aa
ah t,o anyt ,a, pei GU; IN 'ne 1857 t%o %eoks
cam fortna 1ar ,'ao @ qn9sn o 1A,noII nn
Tod M ,a dnar uus '1aat ~ 90 s,1 " 10 10 IN
500 lo n,,,so ~ IL n5,ona ~ ~ Mn "ceas s
az LILY. III esmao M " H. tno Auvance III parity, Dnt
III, s o e3,.a " .o aehaita ~ aui son AVE eIt
nnrarv ~ ta npa ny s1yor ~ ' ony so
,.a.' ., "n 1no E.ieo ~ sn'cf umol - 9iioueu
"1,;,a Ivy o .J. " pty tlolt III eetelnP IL
soanIu' !! so!u Aeois oomn 70 its pfo8ont PRICE,
na there il every possibility that it will,
and oven thAt it will 20 considerably lower be-
fore tho GluHo OF tho TeAr. Silver coin will car.