, 1874-08-30

| SATURDAY EVENING, Aug. -.
There WAS quieter feeling at the banks to-day
than at tho beginning Of tho week. General
mercantile business continues good, but the de-
mand for money is nothing more than fair for
| the season. Tho rate of discount continues a.
usual, 10 per cent to regular customers, and con-
| cesslons Of 2 or 8 per cent to other good
borrowers, "good" meaning moro qualifications
| than were required month ago. Real estate
loans are 9@10 per cent, and money on tho street
| 6@1S per cent.
| New York exchange WAS very dull to-day at
| par between banks.
The c!earings for the day arc So 100000 for
the week, the clearings are So 034 252. 81, and
the balances 81 $50 23452. aeainst 25, Bic, ,24175
aud 50, ,404, .05 for the corresponding week Of
last year.
THE BUSINESS OUTLOOK.
In presenting the September issue of the Ref
erence Book, Dun, Barlow i Co., present some
considerations in relation to the present aspect
Of business:
There is evident Of disappointment abroad
in the community Ut the slow revival Of tzade The
indications for some months, have been all in favor Of
renewed activity in commercial nterests but yet
the improvement has been more In promise than in
the fulfnent While this postponennent is depress-
ing and dangerous, aud while not few housca may
auccumb to the pressure incident to such du times
the delay Is not unaccountable one, md the promise
is the less certain. There is certainly very
unhealthy condition apparent in the internal
merce Of the country the Indebtedness is Light tho
stocks small, wise economy in purchasing prera-
lent and, above an, year Of great abundance has
been vo.ch"afcd to us. Monetary facilities. thanks
to wikelyoEg1nized and ~ei-tested SYSTEM and
it only needs patience and opportunity to put these
facilities into active operation revive business and
ease the pressure OF the timeA This opportunity h
likely to be afforded by this movement and
marketing Of the great crope that are now har-
yes,ing, It may be doubted Il ever before il the
Of dollars worth in the hands Of producers than
This produce the world needs-nay, must have aud in
tho process OF exchanging it for money, is the hope
founded for restored condition Of trade. Since the
panic OF nearly year ago. there has been little op
portunity for the putting out Of money into general
circulation Tho depression OF railway interests,
sulting from their nnwise expansion, suddenly
checked expenditures this account. while an Other
thing OF permanent character almost ceased. Money
therefore, accumulated At the greas centres, and al
itthors Of money in Now York. Boston phIisdenhi. &
aud baltimore while III other cities 1t ss been scarcc
aud in amost all country localities almost impossible
to obtain. Tho consequence has been small remit
tances from country merchants equally difficult pay
mcnts in their turn from jobbers, thus causing |
scverc strain upon the resources Of import |
era aud manufacturers. But II ever relief was |
promised from my pressure 1t Il now; the Abund- |
anco that the earth has produced is not only certainly
secured bt it is universally dused, will need to
be gathered from many hands, and from such varied
sections Of the country, that literal streams Of
re1cy will be set IN motion all over the land, which
ought to give in money. aud restore busI
ness in merchandise to its normal condition.
It will soSo some months to accomplish all that Is
hoped for in this movement, for the very Abundance
OF the product may rctarl Its realization. Lower
prices than have been paid for time may prevail
and farmers and planters slow to Ee in declin-
inE market. We have heard OF where suits for
collection Of debts have been defended for time the
hope Of rise in price. But whether 1t takes weeks
or mouths, whether the deliveries early late the
wealth IL il the country, aud must he realized aud
the hope s reasonable that very soon t1is pccu-
harly aggravating and trying season Of depressed
trade III merchandise will be succeeded by more !
gratifying condition Of things
CALIFORNIA GOLD AND MIXING.
Tho San Francisco Bulletin OF the 18th saws:
The treas,lro shipments from New York during the
first week of the current month unusually eavy
amounting 10 g. 900, at the rate VI ;1s0-
o0o GOO per anlu1i. The destinations md descriptions
Of the shipments for the week are annexed:
Gold. ISHrer. |
liverpool. ,707, COO Silt, $500
|
Il Fg....-......--....... 3al 800 IN 400
Havana. Observation-Disclosures. Gl,GDU .... |