, 1874-12-16
MONEY AND COMMERCE,
FINANCIAL.

TUESDAY EVENING, Doc. l5
aho ordcra from country bnnsb for Now York
exchAngo Wero lioayy today, ar'd Increased Tho
Esillncsa Of tho rate. sIloa wero fnnto botrcen
bauAu at 50c p,omium for ,$1,0OD. Thu 'dennnl
bone heavy OIL accolut OF tho ottlorH, and tho
supply being slnall owing to tho decreased ship
1nants OF gtatr, and provisions, tic marlot ia
growing fr1ner.
Roooipta and shipments OF currency continue
l!ght tho formor being lit excesa, but not
amounting RB yot to decided movement towards
tile city. Tho decentralization among tho packors
grows no bottor, aud causo for my decided
nlovomont Of currency to tho iuterlor IL thorc-
fore wanting.
Tho luBineRs OF tho bapks Is fair. Counter
business is active, ns uynal, ut tais time, but
there ig loss doing in discounts. Tho merchants
Of tho city were borrowing l'boraty about tho
end Of November mud tho first Of this month.
This thoy did 10 anticipation TINT tho packers
would he heavy borrowers ut thia time. As tho
latter hayo failod to appear in TINT rolo owing
to tho condition OF tho pork and provision mar
kat, Tho banks nre less active than was expect
cd. Tho merchants OF tho city hayo lad 10
good collootions nhd business 80 fair, tint thor
have osa than their usual uond for reoouran to
tho bauks. Hates Of discount are 10 per cont 10
rogulnr customers, With concessions 10 outside
borrowaru for short tin,o On good collatcrals.
Street ratcs ara 8Gp18 por cent, roni.osato loaus
are B@10 por csnl.
Tho cloarings wcro 93,500,000.
The New York Daily Dal'c{in differs with Soc
rotary Dfissow and tho Director OF tho Mint, who
state that tho stock OF gold and silver In the
country has boen Increased tho Inst two years
uomo :3s, 100000, and argus that this in All H.
CREASE avaahlo towards tho resumption Of
gpecio rnytucnt.
The Directors calculation ia correct In sub
tracing tho exports fun tho imports plus tho
homo production, md considering tho balance Of
s9B60o,0u0 as tho amount 1otaiuod at home.
But this is not MI itloroaHo Of tho stock available
for epocsc resumption. III fact, il is not equal
10 tho average amount of specie retained at
la1l TO 1860, an avorage OF a3a 600, 900 yonr
mas retained u tho country; thin ia $3uu6, 700
more than tho average Of Tho Inst two yoara.
The Director Of tie hint estnlatos tlat the
worlds stock Of precious metnls 10 from $40 000,-
100000 to $12,O10,U00.000, nearly equally di-
vidca to tho two ,netals. OF this amount. tito
Director OF tho Mint at Paris asEesta that France
IN E9a money coz ana In IN
present. annual production Of gold throughout
thu world ~ estilnetsd at slo0.oou.ooO, aud Of
silver Ut $40 100000 giving al addition to Tie
accumulated stock OF ~ per cont Per annum.
tehlag, and ns three countfioa Of Europe
RuHsla Austria, aud Itely-hayo. like ourselves
not oven begun to collect gold for the resump-
ion Of payMenta In cos ttoro ID very little
chance Of prices suffering III this co,tnry any in
aation from tho redundancy Of tho precious
metals.
The Monetary Times Of Toronto. Ont, calls
attention to the lArso expansion Of circulation
md Discount in tho Provinces Of Quebec and On
tatio. July 81 last tho bank calculation was
e22 300 QUO; Oct 81, 1t was 920, ,00U. 600; an iu-
CREASE OF eG,10U, 600. Tho total circulation Oct.
Bl was 329 0B6 U10 in bank-notos, and e. 000
In Government notes urdor 64,-altogethcr
s;3 1ss,0 ,0v0; tlla, total circulation in 1864 was
S9,7AS.0u0. In the same time deposits have ill.,
creased from $2I575 900 to SIG, ,090 900; tho rato
OF incrcago Of circulation vas 340 per cont; of
deposits, $40 per cent.
NATIONAL DASK ORGANIZED.
Tho United stateB Comptroller OF rho Currency
furnishes tito following statomont Of National
Banks recently organized:
2,2l1-fasmcrs' National Rank Of Constantine,
Mich. Authorized caiilal t5o,uoD; pal.in capital.
f5ouo9. Milo Powell, president; Charles H. Barry,
Ca*hirr, Authorized 10 commence business Doc. !,
1874.
INTEREST ABROAD.