The New York herald., 1874-08-31

Reserve re-
eSdas' depositss'. 5s,zls,oa5 5s,75o,oas
Excs of re-
serve ably
legal re-
qurement 2e7sO.275 27,17O,e75 Inc. 44o. 400
The following extract from the recent circular
OF Messrs. Dun, Barlow & Co., commercial agents,
who have facilities for collecting data upon which
TO base sound Judgment, is Of interest here:-
1t may be doubted II ever before in the history
dollars worth in the hands OF producers than now.
This produce the world needs-nay, must bave-
an ana b IN tie process Of exchanging It ior money is
since the panic OF nearly year ago there has
been little opportunity for the putting out OF
money into general circulation. The depression Of
railway interests, resulting from their unwse ex-
panslon. suddenly checked expenditures on this ac-
count, while all other Investments and especially
for building or for anything OF q permanent char.
acter, almost ceased. Money therefore. accumu-
lated at the great centres, and all the winter and
money in New York, Boston, Philadelphia and Bal
timore, while In other cities It has been scarce,
slble to obtain The consequence mas been small
remittances from country merchants, equally dif1i-
causing severe strain upon the resources Of i'm
p0rters and manufacturers. But II ever relief was
dance that the earth has produced Is not oSx ceq.
tanly secured, but 1t Is so universally diffused.
viii VIII need to- be gathered from so many hands, and
eral streams OF currency will be set in motion all
over the land, which ought soon to give ease in
money and restore business IN merchandise
to its normal condition.. While there are nu.
mer0us interests that Will feel the influence OF
this free circulation OF money there are many de-
partmentS OF commerce that 1t will take longer
time and more 1avOring circumstances to revive.
Excesses OF all kinds must be attoned Tor, whether
In the construction OF railways, the building OF
warehouses and dwellings,, the production and
manufacture OF iron, lumber or any other symp-
tom Of Over-trading. 1t Will take more than
year, and that OF restricted trade, more than one
crop, abundant though 1t be- to restore the eaui.
librum OF supply ana demand for Things that the
people can aud VIII do without But Tor the re-
vival OF legitimate trade and profit In merchan.
disc, for the filling OF the wants OF consumers great
faith may reasonably be placed In the movement
OF the crops. 1t will take some months to accom-
plish all that Is hoped iOr in this movement, for
the very abundance OF the product may retard
the realization. Lower prices than have been
paid for some time may prevail, and farmers and
planters are slow to sell In q declining market
We have heard OF cases where suits Tor collection
oil debts have been defended for time, in the hone
OF q rise in price. But whether 1t takes weeks or
months whether the deliveries are early or late
the wealth Is in the country and must be real
ized
SATURDAYS CLOSING PRICES OF sroCKs-THREE
O'CLOCK r. NJ.
western Union Telegraph, TEX o 76X; Quick.
silver, sOK 81; do., preferred, 33X q 33X; Adams
Express 1867 o lO7K; Wells-Fargo Express, 76 q
76H; American Express, 6s 6sk; Pacific MAIL
AK AK; New York Central, 1o2k 1o2K Erie,
80 32X; Harlem, 125 125K; Chicago and Alton.
aQK q LOO; Lake Shore. 73k q 7SXi Union Pacific.