, 1874-10-27
MONEY AND c0MlMERC


MONDAY EVENING, Oct. %,
IN monetary ciicloa, to-day, oporatious wore
rather dill, mud restricted to tho Legitimate de-
minds Of business. 0oncra1 mercantile trntlo ia
In far condition, but on tho Board of Trado tho
lnmora Of failures md tho falling nlarket hnyo
had depressing ,nlluonco.
Tho dUlnaud for muney at Tho bnnks ro-
mains bolow their disposition md ability to
lend. Tho offering Of good commercial papcr Ia
small and heavily discounted. Outside borrow
crs Of staudng are infrequont. The rato Of dis
count III 10 per cent to regular customers !,
special rates arc mado III special cases M low as
u per cont on call; roal estalo loarH aro 0@tO
per cent; money Oh Tho btroct Ia 1O@18 per
cent.
Tho clcarings wore "a, 500, 900.
New York exchange aod between banka at CSC
TO Goo premium for $1,000
Orders from tho country for currency aro small.
In tho caae Of suvcral bauks, they arc not equal
70 the orders Of New York exchange by tho coun-
Try bnnhs
Counterfeit s5 notes, on tho First National
Bank Of this city, nro now III circulation. 1loy
Ire Bt,uclt OF from tho pute OH which couutor-
le!t 90 note on tho Traders' National Bunk WAS
printed sou1o titne ago. Public attention WAS go
passed.. Tho plato has boon altered to road
First National Bank" but in other respects is
'ubstnntta'!y unchanged. Mr.. 4. o. Iuttors
pane il ssghed 10 tho bill. although ho iB PfeH-
with tho Firat. Desperate attempts alo boing
uado to palm off tho b,is, aud eight OF thum
korc thrown out at tho otllco Of tho Assessor of
Informal Noyonue to-dny.
MoRruAnY.
Tho Now York Stock Exchange has direct4l
ebat notice be given to the Boston, Hartford
T. Eric Railroad Company thnt unless their
trauster-boolis nro oponed Within ten 1ays thoir
stock will be stricken from tho Now York stock
list.
Members OF tue Committee on Ways md
Means ore looking forward to reunion and
codiacation Of tho turin. Mr.. Dawes has al-
10 tho Secretary Of the Treasury asLing for iu-
formation NJ to the articles winch muy 1e placed
npon tho FREQ list without damage 10 the rove
nlie. nie. reply IL now ~ co,,rso Of preparation.
sclves as to tho alyiBability Of my cl1nngo in tie
tariff, state that 100 10 l50 articles could bo
placed upon the FREQ list without cerlous impair
nlent of roYenne.
srArE OF TRADE IN MEN YonK.
Tho New York Times Of Saturday nllulos to
the ruinors OF failures which had boon 50 mis-
chievously circulated the day before. It eays:
ThsFe we're soe seonTagng incidents II CONNER.
VIII be foolish enough to cxaRgcraao Dir importance.
We arc lassing through uerv1 Of tie year which is
always very trying, md, considering a tho c1rcun
infly healthy. Everybody, We btliere anticipated that
W. SHOULD suffer far mora thun doing.
aioBt of our argo retail houses testify that they nro
DUNG very fair average business, some very aayo
tho ascrngc aud this greut thig to say Of aurl
Benson as tue pr, sent This ui!urea which avo hap
pcned here ad there the refes Of lust yeurs anic
no Inv cause lay produced them. w sincerely 4olo
that ofen tho houses which haye heen thus arlrk will
eventually rocoyer mud It iN quite ctar TINT ere Is
not the slightest necekBtty for alarm gloomy foye-
hodinBs in any other quarter.
RESUMPTION OF NATIONAL BANK NOTES,
In fott rnf
Cnshcr Of National Bank, ho says:
All tbs National Bank notes fit for circulation rc.
decuea Ey carefully selected but thus far tho
proportion llas not boen sufficient wariult letr u.s.
sortllent by bankg Tue this stte ot fucta
Obvious. Prior to the passage Of tho art Of juno TO-
1874 there waa adeduato provision for tho rgae1
lion Of National Bank notcs. being perfectly secured
from the Government, they passed. into gem
ttal circulation throughout Tho United Stntes
without regard 10 tle place Of l.sue. Ii tic
hoIdrf desired to hayo them redeemed, ho ,yns under
tue nccetsty Of asserting and forwarding them fur
redemption ut hts own expense. The conselN lNenco
waat thnt almost tho outire bunk circulation became
lalIy defacel and nutlated. Immediately unou Tim
passage Of act Of june 20, permitting hullors OF
hank notes to forward them to tho Treasury for re-
dempon without expense, the efaccd aud inutillted
Rlnonnts md naturally those least tit fur circulation
came tn first. Tho nboys was III answer TO letter
asking I'll exnuaion Of tho fact ut all the nutex Of
tho bauk, of which tho writer Caziior rrdce1nrd
" the TreasNr.r, wcro nltia!ci, when, NJ Thu
Cashier stnted tho circulation had uuyar been nuid
put twice.
1STERE5T ABROAD.
The following are lhe rates for money ut tho
leading cities abroad Oct. 10: