, 1874-09-21
MONEY AND COM M ERCE.


gArunpAx EvrNlua, Sept. IL
During the week tho only rolfof from tho
ohroulo anllness Of tho money market was q
alight riao In exchange on Th,irslay aul Fritlay.
The prico. for several days roaching into tho
wook prevous, had been 80 conts por 81 900 did
count. For tho two iay8 nnmed tho ruling 0g-
ure was 25 conta botwcon banks, ind some snloB
werc n,adc on Saturday ut tho sano figure, but
with most of the banks It sottlcd back to 10.
Whether botwoen banks the price Ia above or
bolow pnr, customers aro steadily arppod
at par. Yhis has become 80 uniform TINT
wo havo not usually thought 1t worth
while to mako daily ncntion OF 1t.
Our quotations muat therefore DO takcn as tho
price Of salos between banks. Illo don1iia TINT
caused tho blight adyanoo ca1no mainly from
country banks to placo funds to tholr credit III
Now York al,l other Hoaboard citcB.
Tho demand for money for ieatly two weola
possible proportions. Dankora hayo really had
Scarcely anything TO DO Kccoipts md ship
ments Of produce llaso 1oor unusually light md
heuce tleaters and conasnisainn moi hayo arpar"
the small auo,,ut OF '.tho cropa" that hoidora
offered for a journey eastward. Tho demand
from city merchants, manufacturers. and homo
eustomora. Ronarally, iH also very light. Nobody
soetns willing to borrow money Il ho can possl-
bly, help it. Economy Il the order Of tho day
certainly q moAt hcaitifnl and hopeful condition
OF tlnEs; but it leaves tito buuikora With thcr
vaults full Of idle funds.
Money Ia worry abundant, and the domanl for
it light all over Tho country. THE Atlantic and
tho Pacific coast eitos nesor before had 80 much
idle capital and tho rates of interest wore mover
lowor. How onE this Btato Of tllings Ia to coll
tinuc, no ono 80 for aH wo know ventures to pre-
dict. That 60 great p!etlora OF money must,
before many months, sceie roiiof, Is equally cor
tain. IA aoon M holders cRn make up thoir
minds iii wlsnk artoEcs orn what direction tero s
TO ho au appreciation In prices and profit realized,
tho vnst accumulations Of surplus money will
ago, railway building mud tho iron aud stool rail
mills absorbed, directly or Indirectly, about all
tho profits Of tho country. Tint is now all
atopped. aud other means Of Investment must bo
found before my considerable demand for money
eau be expected. limo alono can determine
what direction Investment, not to say spccn'a-
ton, will take.
We add closing quotations for Saturday o7cr,-
loans with cash oollatorals, 5@s per cent; street
rates nominal at lo@18 por cent; New York or
change, 25@50 cents nor $1,000 discount, ,-trans-
aotionn mainly at tile lover over, ileuro'
NEW YonR, Sept. 19.-aIoney closea at as.
Foreign exchange dull at 4s314@lS3ai. for
actua, business in bankers sixty-day sterling,
and 4SG@4sol1l for demand There was only
ono price for gold oil dayz1o9S6. natcy pad
rers a also mads lat nad at por e cont for carry.
log. Cioarings, 5li,Ou0,0O6. Tho Assistant
Treasurer 1lore ,isbursed during the week s51i,-
o00 aud received for enatonle -. 440. goo. specie
shipments, game time, 5loU. .184, principally ail-
yor-bars Imports dry goods, s2,l3l,2ssi NOR
thandise, 81, 4,239, ,6G4.
Govornlnont bonds closed steady.
State and railroad bonds quiet.
The total transactions OIL tho Stock Exchange
to-luy aggregated over 122.o05 alnrcs. rho
largest business was in Union Pacific, Lakc
Shore, Wabash, Wcstorn Union, md North
woetern. at the close, tho feeling on 'Ohaugo
was much better than during tho earlier hours
of business, and stocks were firm a. MI advance
Of X to u por cont from tho lowest point of the
day, sslos included a700o Union Pacific. 2C,0o0
Lake Shore. 17,c00 Toledo j. Wabash, 900
Western Union. 5000 Pacific afai, and 5000 st.
Paul.
WEEKLY DAsH STATEMENT.
New YonK, Sept. 19.-Luans. decrease, $685.
600; spccie, increaao, 9so,ooo; logal-tendora,
decrease, S521, ,10D deposits. decrease, 81, ,041,-
FOO; circu!aton, Increase, S92, 500; reserve, do
crearc, S151.G75.