, 1874-10-24
.EaONEY AND CO 0mMERCE.
FINANCIAL.

FINANCIAL.
rntpAY tvxafva. ott. %.
Tlio donand for money waB stcady to.tlny ut
about tho snmo level III thu business Of tho pro-
rctltng days Of tho wook.
Tho accumulation Of grain OH hana Inns ,nndo
It necessary for tho operators to borrow nlonoy
10 cnrry their ntoeks, md Tho naonpy -narhet Ia
quckoiaod TO TINT extent.
Tho paclsorH hase made thoir appearance
nn,oug tho bansss, but hayo not yet borrowed
any money to spoak Of.
Tho ratio OF discount at tho bhnkB roma!ns 10
per cont to regular customers; to outside, first
clnss borrowers, who hro worry tnre, by tho wav,
loans arc mn!e at rntoH to Hutt; thoro aro call
louis now out in thia city at por cent; money
III tho etrcot is 0@ts por cont; rea oatatc loans,
0@10 per cent.
Now iorl: exchange sold at par 10 25o promi.
um bctwcon banks. ncr s1,0oO.
Orders for currency arc light, though Bome IL
going to tho stock country.
Tho clourings were 81, 0oo, 900 to-day.
tho Now York stnto Loan ulld Trust Company
havo takon hall million Of tho Chicago city loan.
STATE DEBTa.
Tho recent discussion OF Stnte county, city,
an town debtB in the United States has brought
out the lnct thnt twcnty~two Stntcs prohibit Tho
loan Of State credit or money to cor'oratious for
Blk Stateg virtually prohibit tho creation Of Il
State debt for my p,irloHe Whatever aud nlno
States prohibit the engagement in my work Of
Internal improvements III thu mama md at tho
expense Ut tho people.
SPECIE PAYMENTS IN FRANCE.
Trance III trying to ros,,1no spocio payments.
This undertaking; Is coraparativey easy, tho cnr-
rency OF that country not hnvlng suffered great
depreciation, owing to tho fact that they Ind uo
legal-tcndet law there. There Aro 91Uu, ,0DO, 0uO
iu 20-frnnc notoa to he Withdrawn from circuia-
ton, and It il expected that tho consequent Do
rna;'d fur gold will produce decidcd liso i'll tho
narkois Of Europe.
MuTILATEp nASK-SorEs.
We arc frequently inquired Of ~ to the molo
Of proceeding fur tho recovery OF tho yuluo of
dcfaced National Dauk-notos. As au anawer,
tho agency ut Washington Rivos notice lint It
will redeem fragments Of bank-1lotes e0unllng
or exceeding tilree-'lfths Of their original pro-
portions ut their full farp value, provided tho
iamo Of tho bank aud tbs signature Of ono Of ts
officers coa, ly dtstngulshablc. 1t will ntso re-
deem for tho full face value Fragments lcss than
threc-fiftlls which the Comptrolfor Of The Currcn
cy has certified lie will accopt az full notus.
Fragments which tue Comptroller las certified
thut le will accept at lesH tilan face yaluo will
not ho redeemed by thu agency unoss TWO or
more Fragments OF notes Of the same denonliNa-
value Of which il equal to . full Doto. lhnt is
to say, two Fragments OF $40 notes. each of
which the Comptroller 's willing 10 aecopt as
Su, WILL DO redeemed n3 q SlU nOt0. lllS coHFHc
has been decided upon in order to preyont con.-
rlicnton to tho 1reasurcr'a aeco,nt, by tho re-
dcMttt,b,s Of notes for = fractional part OF their
face yAlue.
nEw yorK gTocE MAnHrT.
During most of tho day Erie ruled decidedly
nhoVe Lutldun nnl it ia evidently wanted by
people who desire to get tho sEales Into their
control without tho delay Of buying In n diBtant.
though cheaper, market. StorieH we're circulated
as to bonds sn1l by Erie in London at Il low
price; gtolics without my traceable guarantee,
aud contrary to sucl advicos as can hu ,sad tram
tho Compauys representatives here. Those ru-
nors. in which co IN currency, was spoken ct as
tho price Of tiee bolmH ho!ped tho after
noou'a decline in the stock. aud thoro-
posc. With regard to 1ako Shore, and
ntsaeks OF tho bears, story was nut IN circr!a
founded solely on n ''put" Of 60,00D kharcg Ut
rs. recently sud by Commodore Vanderbilt. A
Blill more impressive version had it that the
"put" at IL exru oil n few days ago. and was ro-
moved ut 10 botoio tho trip to Cleveland. Ac-
cortinG to thcsa Yun,ora. lasgo blocks Of tho
stock wero bought by people who Ind tho Com
modore to fall bnci upon ii it became their i'll
tcrest to deliver it to him at 75 or ~ III tho case
may be- All these stories may safely be rcgard-
cd part OF the tactics employed to dcprcsa tho
market. Western Union las, npparontly, Iocn
given llr M 4 hopeleE6 job by Tho bears; but
thoy mood to break Lake Shore, and sonin to
think tho way is by selling down Union pacilc,
Wabash, C.. c. l. l. e., and other low-psiced
sharea.-Ntw YORK. N'orM, OIL. II.
ti0SDS AMI GUI.n.