, 1874-09-29

The I|1f{tf btHe9 ECONOMIST OF oeturQav, IHo
26th, giyos Ito following summary OF the NOW
York moueymarkot:
The leading feature in financial circles Iies been tito
increased animation and bNoyaucy on tho Stock Ex-
eapge Sa 1s hen u ,ma snss m i s
Two Two aysAo TRANSACTIONS hayo reached near,y $4,000
aud dldlend ami nou.dividend paying stocks lnve
Bhurcd alike in the activity and Improvement.
tho olsido Interest in tho movements on the Stock
Excbnge co'ltinuaily nssnInes larger d1me1alons.
Now that as lexs iair fal trade IL assured, con-
IL been withhold from use for nearly year, il
Tho leading roada doing d heavier business than
for BONE ti,o past, aud tho knowledge of this fact
eies n nodorate business IS dong, and the distribution
Of goods ut this point continues On argo SCALE tho
monetary situation has ret @ yet iet th9 effect Of sho
amount Of capital to carry tho sumo, ana the, market
snd tno loaus. The rotes for tho former continued
at 23 cont, aud for iho lastcr per cont tho
Ss sss Sne s'ss a ss
primo Names with .. fatr supply Of piper offering.
In banking circles he optnon ia general that tho
rates for money will harden shortly, but nothing mp
proaching to aiingency.iH anticipatcd:
:, Tie BoBton Commercial BuEiotin Of Saturday
8 says:
i is quito evident That higher rates for money,
lenders. beginning to De"exrcc.eti by them.
They ahow disposition to bold oil, mud III some cxses
shsn 10 tlo hom up D. It rates now current Ters
solid wisdom IN this. for Tho loan lines are high
b. eassaa rpes han % rgs % - ''0 ''' s
But us to higher rates It adicut to why shoy
should ne 1oofol for; Trade Is doug upon much
tho volume of the currency very much greater than
4 wsss ysar sgo: no. only because Of tic ssae Of
largo amount Of notes released by the new
law, and tho amount required for speculative
rs sas9n o. Il M, w. X, rs
Of accumulation s still going on While this lasts and
!ho wnnta Of borrowers promise not 70 be larse1t ia
much lefa anything lko striagency in tho ratio for
money Probably many who 70 RtuAted tl4at they
figure stands against their In brokcrs' porfo-
los, good borrowers, 1t would ace, need aye 10
fe9r Of 1stes 1Sn,,n ats53a at shss
choice paper, having but short tlo to run, IL
flonaly down Us low as 6N, or oven, in exceptional
iroigh ahovo than below that f1gure Call loans va
quote at 5, With some transactions shade under,
to tho necls Of the borrower aud tho amount tho lend
Ing institution bus over.
1AsK TAXES
Wo talo the following from tho Financier:
In answer to inquiry g 10 The rattle o tho ar to
Gently written which ho statcs that slnco 1860
no returns Of taxea paid to tne State have been made
Htatc taxcs hugely exceed tho nnont collected by the
United States. kir, Knox anya further that
"GThcre ia no doubt TINT tho taI derived from
National Banks is at much greater RATIO than at
Obtained from any other species Of canal. In many
not only the capisa but tho surplus Of tho ba
ts taxed nud In other bank shares arc taxed at
the market rate. While real ostato and personal prop
erty In almost ALL staes Of tho Union, asaes&e
shares arc rule assessed at thoir full rur value,
aud III many instances at still higher rasc.'
Tho tax paid last year to tho United statea-nalo IN