, 1874-10-17
NJ q0NEY AND co OMME ERCE.
FINANCIAL,

a AANfA1SoAtAAs
TR1pAY EVENING, Oct 10.
Aunoy WIS In fair dennnl At most of tho
ks today, mud rates woro lirlner with tho
s'':ao aud on tho street. To regular customers
III" ratio of Discount Ia 10 per cent; other bor-
;'''rrs with satisfactory collatorals can got NO.
'ss'nloaations at ratea varying from per cent
ward, according to time, circumstances ant
"en!ity, provided they go to tile proper quarter.
iAaY OF the banks lavo as extended n limo Of
:'scount ns they think IL prudent 10 naintaiu At
:hts doaaon. Money on tho street is 10 to IL per
tnt, por cout loaMs being made only Oh ahort
i'iile ami the best security
Tile clearings aro SA,500,DOO. THIS con,para-
's!y lnrge amount Dotnl;cna al Increase III tho
cr,stions Of tho banks, but this incroaao cannot
s:..ly be ascribctl altogether to al Improvement
-. business. Owing to tho faot Tint no money
,u be- made III carrying grain on tho Board Of
ado, tho transactions thoro aro now n1lnost
gather in cash property. Az II result, tito
r:utions which used to Hwoll tho clcar,nga
- 4 month on aattlomout day a1o now dis.
;.,hus.d, md appoer day by day. Aconaidorabo
.srt OF tlp increased cloarings is duo to this
u;a. On tho other hand, tho rcal-cstatc
=; "nlations that used to magnify banlk accountn
,. 'lsaa. Theirs wore re- singlo operators in tlo
1t two yearS ago wllGae checks would affect
coannga yisibly. After striking tho BALANCE
."een these opposing fo1cos, no doubt re-
',1'ns that tho cloaringa Of tho Chicago banEs
axe tho Legitimate business Of Tho city to be in
butter condition thnn 1t Waa before tho pulliu.
.,rw York exchange was stoady to-duy 1T pnr
H.. "a ccntA preN1iua,
The shipments Of currency to tho country arc
lastA,sidarnblo.
I'll nccouns Of tho country merchants.
THE DANK-SDTE nEpEI1rTloN uuREAU.
Congress- Is TO bo asked for additional lcgista-
lion to placo tho Troasury Banx-Noto Redemp-
Lou Bureau in H,lcl condition M will enable It to
meet all requirements without tho possibility OF
future suspension. II ia considered In oIiiciol
quarters that tic deposit Of por cont OF the
reserves affords too slight foundation for opora-
amount when tho Bureau was established and it
wss difficult to induce them to comply with llo
law. The amounts OF worn and mntilated uoios
fur redemption daily received alp now co,nparu-
paould resume without duo preparation, tho
notes would 10 received In such accumulated
quantities M to ensbRrraHa business materially
It is uncertain whou tho redemption viii be re-
Eumed.
NATIONAL nAER CIRCULATION,
By tho latest report from Washington, tho
nnuunt Of circulation outstanding now is $751;
01sr a46. There yos remains uf tho 745 900
circulation authorized BY tho net Of July u. 1870
about s3,oU0o0o The amount OF circulating
notes l.eld by banlia in liquidation is aholt
~ 7,010,O00. As tho demand for "n,ore mol,oy,'
10 much talkcd Of 10 tho Weut, comes quito
slowly, the redistribution clause Of tho aot OF
1870, rc-onnotca by tho net Of 1874, may never be
operative. Tho plowncEs with which tic cjrc,,a-
tfon is called for warlal,tA belief TINT tho with
drusals aud iBsuo will uoarly balance for long
tmo. Tho Comptroller Of the Currency, it viii
be- Heen, hns loeway Of 80 100000, which cali
not eaaily ho exhausted in the current business
Of his office on tho ordinary basis OF tho pnst
few months, with every reasonable allowance for
possible changes In tho course of business Of
National DankB.
NEW YORK STOCK mAnKnr.
Tho depression Of Tuesday last g said by tho
Now Yo1l Tribune to be, in part, attributable to
thc operations Of 5ayT Gould, who, toGothcr with
tho Union Pacific railroad, havo returned from
thcir trip to tho WoRt The aforementioned Hpoc-
ulator was aail to bo heavy seller Of t1le active
stocks, but principally Of Union Pacific.
The grentesst eaess, ho,woyer was g produced by
for tho lnlrpose OF placing tho now United States
8 per cent bonds would be called upon to avail
themselves Of their option Oh Nov. l, or loso
thoiz privilege. Tho facta arc that tito e11tra
amount of new iiVes untnlicn when Mr. Bristow
became Secretary Of tue Treasury WaB S1G3,O ,Ot0-
UC0; tho amount subserihcd for since ho llns
been Secretary IL s55, ,0u0.000. Of which tho syn
dicato tooz Sd5, ,000,Q Q0Q, and othor Subscribers
Oh the remainder covers S114, ,000,000. and the
option remains open until Fob. /, 1915 The
pIi,lcipul ulumbers Of tho syndicate sny TINT thoy
are in advance Of THUR obligations to tho Ireas-
ury.
nAsK OF TIE con1MoNwEAITu (s. ".
The building OF tho bankrupt Bank Of tho
Commonwealth, Mt Nassau aud Pino streets. waB
sold at auction On Iuess!aY for S216.o0v, to John
u. Willinms, President Of tho metropolitan
Bank. who bought it fur tho account Of tho New
York Clearing -llouso Association. The Receiver
Of tho l3ank OF tile Commonwealth expects to
declare tiual dividend Of 20 per cent within
thirty days.
THE CINCINNATI SOUTHERN.
Kuhn, Loob j. Co., and Meter Il Co. IN ",
have negotiated a loan Of Il .oo0,00 OF 7-S0
bonds Of the City Of Cincinnati, Issued iii mid Of
tue Cincinnati Southern Railway.
BAN FRANCISCO 6ToGM-SaMEL1xo.
The San Francisco Daily Butletin ntasea tllat
shin the last feM days *2o 0u0 GOO Or $50 00D uo0
hive dropped out OF tho stock market This
collapse it thinks due to tho syatoln Of gambling
which prevails under q thin divguisu aud to
Bhich no human saSacity is cqua1.
After the Atcck deals OF 1879, q ppralysis
foll Oh the community from which it has only
juHs recovered. We 10 not, saya tho BuNetiu,
want another two years 1soau, depressing to ali
atock-gamhlsug tllcro would be moro rnaMufac-
turing aud commercial enterpriue Tho MOI,
who hayo }argn capital would bo forced to ind
some method OF employing IT, which would give
support to hundreds mud thousands Of workers
in this city. Great palacos of industry would he
iu conrso OF oracLo1l, Mua homestcailu, tho maiu-
stay and strength. Of O community, would DO
multiplying around us.
GOLD QUOTATIONS.
= H: J. Chrietoph & Co., bankers, is South
Clark street, tuoto gold;
Guping. Selling,
1000 O'Clock, ck,,.,.,,,.,..........,,in9; !; lIU
1t:Q4 O'clock ......................teu4s l3D
1.;uu O'CLOCK. ................. .s.lGH14 ITO
Ian O'CLOCK. ,.....................iu351 lln
2:au o'clock. .....,...........,,.,lu9.s liU
3uo atelaek 1Uyt, llu
GULD AMI? GOVERNMENT bonds.
Preston, kenn s Co. quote: