, 1874-04-20
MONEY and CONN MERGE.
MONETARY,

MONlLLAl6Ys
SATURDAY EVENING, April IN.
During the wook ratcs Of discounts hayo
grown poreoptibly flrmor. There aro barks still
offering loans at 8 por cont, and ono largo loan
was reported at TINT rnto, but, in tho majority Of
cases, the disposition to mike any concession In
tho rate Of 10 por cent hna disappeared, and tho
carcfulnoss with which collatera1s aro scrutin-
ized has incrousod. Money is not scarco; tho
balances hold here by tho country banks havo
not boon drawn upon to any extent. sevoral Of
tho city bnnks havo thousands OF dol
lars OF thoir circulation lying unuacd
In their vaults, tho doposits Of businessmen,
which much moro thnn tho currency dotcrmtno
tho onao or stringonoy OF tho money mar
ket. Thero Ii currency enough, and deposits
enough, and enough demand for loans, to indi-
cato fair md healthy condition Of buainesg.
Bat, to have "good tilnes,' moro IL NODDED.
Thoro should 10 confidence, enterprise, mud ven-
turos OF capital not for speculation. but for tho
Development of our tr9do aud rosouroeH.. of
this, there is nothing: Hefo md in New .as York
tious Of industry and commerce. md for noth-
ing moro* 1t Ia afraid to take tho risk Of deal
ing In any values TINT cnn bo Affected BY lcgislh.
ton on tho currency Real estate md rniiroad
most notlcoably.
Exchange has been scarce and firm all tho
veok, selling at par to 25c.
Collections In tie country havo been tolorably
GOOD durlnr tho week, but thoso in tho CITY have
been more difficult, nd the city retail trado has
not dono well. IirBt-clAns houses iu vnrloun
branches Of busiuoss report their business good,
but Bmaler nrmB arc loss Huccesaful.. Tho dry
Generally in this oIty, are doing larger trado
than those In Now Yor]k, who aro making sad COM
plants OF tue dull timos: Country buyers find
ehooso cS 1 from on '' ae In IN Now " York, DIRK md have
m average adyautago OF 10 por cont In
fu their purchases. This superiority OF tho Chi
raco iobbore which is duo to various causos,
Vision * Of credits, tho shorter time on which thoy
soil, and thor great eaving in exponscB, has NJ
ready road diverted to Chicago very large part Of
tho Western trado that formerly went to Now
York.
IN ihe countrv mr for liz abnmant nithor nj oraln
md cnttlo. < small numbor Of yosso]s arc load
Inc wiki prnin naainst tho openinu Of the
With rrain, With Which she viii be- sent to Liver
non1 3f 1nnrinn ;naurnucn can ho o1,tnined. which
Il dnnhtfni.
eaveral ~ tho Nat,ono1 na,,1a in thfs citv havo
Nntinnni viii retiro ao5(1 Ofl[. thc Northwastorn.
Il In gad will rotire portfon Of It's cirou1ation.
and tho oom1norcial Nationnl has decided to re-.
tire a5O. 900 at once. In mono Of those cases ia
tho cnptal to bereducod. Tho local and State tax
alton thoroon will not bo escnped but the hnn11-
era cnlonlntn that thav ran ronFn .ooro nroNt ort
eftha t.', ia ~ ~ ~ 49,. a;ro,,1t H., o
Va Saett ouuu1 snal1 ~. W tno!I oAtuuiattoh;
ntost M o. ue. sno e1ats 81 tae vnlGago uanhs
ABalnsL tno rlrsL Natlonai DanK OF washington
have boon Bottlod this Took BY tho lattor'a
agents Of ~ cents on the aollar. The Danli is to
be roorgan1zeu IN the hopo OF ro-oBtnb blishtn8
itself as tho agent OF tho National Banks
4brour1int1t tim couNtrv fnr thu rnf3nmrtfon nj
THAR m,itilatod onrrencv
Tl1o No., a. na, TxnIHrro 1,,, oad,a =, -, lin.
.,asai ~" nn,.,;tna T.; .ii, ATu st.. ~ o 10
ecSGlaI hSaut!tleo - "mcn Muato1n iaseetois
are !Mrse'y ultosestoa. ING olion taotao s't,s.
lug iung IT, pef Iu, n, Jonds IT, ~ n.ae tne
Iesular nsg tno Mo9lle q otlo Aelll9aa n!st
nnI IT, s1aI;,o = nt;a nai}raaE ,thnIs -, a.
Eau 1at nhe nAopAo q oHlo t'"lto"u s'ocA' VI tne
oS' 4. .
A special telegram from New York Hays that
MIR. Emil Sauer has ceaBol to be President OF
tho Germnn- american Bank but his retirement