, 1874-08-28
M0NEY AND COMMERCE.


THURSDAY EVENING, Aug. q.
There MAS no clnngo III tho monetary BEtua-
Hon to.day. Tho demand for money Is very un-
even; III como quarters boing reported atrong.
Hhile in other banks tho aumncr tullncHs l'aa
hardly been disturbed. A general improvement
is visible, xhon an average Ia struck but not u
groat oiio.
Some new paper ia offering at tho ba,,lss md
on tho street. Tho rato Of discount ia 10 por
cent to regular customers; concessions to suit
&ro mado to other good borrowers; money OIL
the street ia 8@18 per cent, reaestato loans aro
s@10 por cont.
As Stated yesterday, local securities aro moro IN
demand. City certificates nro tho most active
Of all our local securities, and tho dealings In
lern aro creator in amount probably tlinn in aEl
tho othorg. They arc discounted ut ali average
ratio Of 10 por cont.
Now York exchange wah very tnaotivo. Tho
sato was par botwoun banka.
Tho clennings woro 73.6o0,00o.
Shipments OF currency to tho country arc not
Increasing,
TRADE AND THE FAIL, fH WHEAT.
Inquiries among tho representatives Of the
leading branches Of trade show favor
tblo state Of nfrairs, TlIoro IL MI increase
of busineaa III dry goods, clothing, groceries.
boots and shoes, and other staples. It is too
Early as yet to atton,pt to estimate tho volumo Of
operations, or tho percentage Of growth, b ut tho
present promise Ia run,ista11ab!o Of u Rrcnlor
business than laas year,. Tho fall IN tho price Of
might hold bnck tito crop till spring to
tseen their losa, llayo been the OCCASION
Of gloomy predictions CONCERNING tho b>-4i-
ness Of tho fall a,,d winter. TheHc are proma-
turc. Tho grain market shows signs already, Of
II Yayirnl. IF thcrN Afo 1nBBnH tY tho WEtnt
crop, toro arc ikely to ne Enins In other proi-
ucss. uoru, which was Il ccnts Aug. 81, 1879,
was CT cents to-day; oats, 28,9 centa tllon, nro
IL ccutH ; ryo WINS GG centH, aild III 75 cents.
With these pricoa, it is too soon to croals TINT
tl,o fa1mers aro going to 1oso money, and tltat
traao il to suffer to tho extent Of $20. 900 000
which is tl,o oxtsayngant estimate Of ono rathor
lasty writer.
BIDS FOR THE new 5a.
Acting. Secretary Connn,, Of tho United States
Treasury. htatcs that tho bids far tile now Js arc
not to DO made public. Upon tho assembling Of
Congrcsa the schedule Of tho bids will DO set
forth III tho annual report Of the Sccrotary. Tic
withholding Of tho Information is doencd pr1-
dent for tho reaBon TINT If giycn to tho public
tho knowledge could DO taken advantage Of by
street-brokets, who could aHcorsnin whether any
pf thoae bi1iiins were short OIL gold. Again, tho
bidders, with almost universal unaninnty, ro-
euestcd that tho bitls should not bo published.
lie Hnya that IA Hecond call of 6-20 bonds
will probably bc matlo very carly noxt inontl. +;
1EGlY Lib 1Et u kll9 COllillst5 WUHLll.
amount Of tho cali has not yot been determined
upon. twill not, however, bo large enough to
coycr tho absolute subscription to tho ncw 8 per
cont bonds, bocause tho department las not Tho
facility tohatdlo as many ut titno as sueL call
would emhraco.''
REDE3ilT1OE OF NATIONAL nASE NOTES.
Tho total amount Of National Bank notcB re-
rcivod for redemption to the closo Of 1ast week
Is Sl7 ,G95,257 Of which sl5, ,7il hayo been
paid for Iii legal tondera, $5,GtJ, 600 now i'll
tho asBorters hands, aud q 35o 200 viii bo ready
for destruction as soon nj the bnlas respond to
tho call Just made upon them to reimburse the
Treasurer for their redemption.
The Treasurer. in reply to a correspondent, gays
ho agrees with linn III to the injustice Of holding
innocent parties Liable for National Bank notes
Thich have boo1l stolen while in custody Of the
Government, tho signatures forged, and tlIo
l,otcs put in circulation. 1lo inteuls, In his next
aunuat report, to cali tho attont,on Of Congress
to tho subject> mud recommend that the Govern
mont shall redeem the notes wllicl. wore stolen
from ts custody, md that The banks Of isst,e
shall be compelled to rcdoom thGae Which vert
ntolen from them. In the uhscnce, HOW over, vi
such MI enactment, lis only cou1se il to reject
oil aucl nolss.
uN1nE PACIFIC N0NnS.
The exchanges Of Unioa Pacific irco1ne.bonls
into the lew ninking-fnll bondn amounted Ut
to Monday 1eat to ssG,3U0, 400. This loayef
"a, 600 yet to DO exchanged.
nUNDS AND GOLD.
Preston, ktan d to. report: