, 1874-12-20
MONEY AND COMMERCE
FINANCIAL.

| 6ATuhDAf EVENING" utc+ ~
The business Of tho banks has boon more nc
tive to-day. The domand for loans increasot
| somewhat, not on account Of any partlculal
| development OF the trade Of tho CITY, but from
miscellaneous sources. Merchants are borrow
ing in anticipation OF possible needs about ths
1s. OF January to meet accruing engagements
Tho packers and grain men still hold aloof, find
ing no opportunity for profit in borrowing money
| Rates Of discount are quotablo ut 10 per cent tt
| regular customers, With concesslons to independ
| ent borrowers; street rates nre 8@18 per cent
| roal-estate loans are SOLO Per cont.
The clearings for the day arc 81, 600, GOO; fol
the week the cleariugs are a2}, ,593, 1854, and
| the balances g. 013 10000: for the correspond
ing week of last yoar the figures were $18, 770,-
$3.50, and 80, 1o1, ,92o,G7, respectively.
Tho rate Of exchange was firm at 75c pre-
MUM, botween banks, for $1,000. Tho demand
waa active, tho country banks ordering large
amounts to New York. Shipments OF currency
East we're made to-day.
The receipts Of currency we're light, us has
been tho case ali the week. The receipts, which
come from various quarters, we're larger, but
there is no movement, either way, to amount to
much.
The Louisville i Nashville Railroad Company
to-day completed tho negotiation Of . loan Of
ST. 1000, 900 for two years at per cent, on pledge
OF bonds owned by the Company.
The speculation in mining stocks continues to
run high in California. The sales at tho San
FRANCISCO Stock Board for the past week foot up
{ value Of 81, $1,000.
The effect on the material interests of Now
Orleans of the disorder OF the politics OF Louis
lana is revealed in tho following description by
the New Orleans Times of the distress among
tho unemployed in that city:
Constant apprehension has seriously unset
tied eycry branch OF traffic. Those possessed OF
means clutch with nervous energy every dollar
NOT absolutely requisite for daily use. For three
days the city has been agog with sensational re-
ports, the origin Of which it is impossible to
trace. but whose dreadful purport IL on every
body's lips. Many sober men would prefer to
have tho blow fall rather than live IN constant
state OF uncertainty"
Gov. Hartrapft has issued his proclamation,
as required By law. declaring that there has been
cance!od Of the debt OF the Commonweal OF
Pennsylvania: within tho year ending with the
30th Of November, 1874, 51.230, 1867, as fol-
loss: $4,000 Of 5 per cent bonds, Sl,221, 1880
OF per cent bonds, 553 OF s'Relief" notes, and
S1967 OF domestic creditor certificates.
The Central Railroad Of New Jersog announces
it's usual quarterly dividend OF 2H per cent, pay-
able on tho Goth OF January.
nounces half-yearly dividend Of per cent, pay
able Feb. /.
The Woodruff Sleeping and Parlor Coach Com
pany announces quarterly drldond OF ~ per
cent, payable Jan. !.
The Reading Railroad Company announces its
usual quarterly dividend OF az per cent, or ~
per share. payable Jan. Is.
Those who recall tho condition Of the fnan-
cial market u year ago, after the panic, when no
man would lend, or could borrow, must appre-
Money was never so abundant as now, nor OBJ
tainable on GOOD security on such enev terms.