, 1875-05-26
MONEY AND COMMERCE
FINANCIAL

nusnem VA oujet yesterdsy At tho banks. and The
demand fot monsy Ight. Tbs active checking OF the
day before 10 msts margins good did not crtsts any
axra demand from cuaton1ert and Qeusr*lly naattets
ara moving Along imooth13. ..
The e1clspse mhrket weaker. The Comptroller
sold considerable parcels At too Fer 600. and wo
even he,ri d! sales ~ low A 2,e. Tho rahgs Today
was therefore 723oc, With tnorH 1ileral offerings.
The decline in prices tho Doard Of Trado was not
sufficient 10 produce active shipments Eastward. Int
tne anticipation of Il had probably somethng u do in
producing weaker marist.
Customers sse uhua charged 10 per cent far dis
eounts hut call and shots.ns loans approved ent-
Iattr.ls woui 10 elad1y tAleu 1t of the banks
Nt@sper cent.
Street ratea ncmina!a II sG31s per crit, with very
ltlc dens. For long Tins past money IN Tia se%~
boarl ctE-a In Chicago and sii tbs country
has ttsn abundant. OF
wEw YORK
the nsntisI Chronicle Of sAturs{; ths I'D gives
the following SUMMARY:
Ths salient potnts In fnancial circles this etk
ren..s.sy sssy ansy t'rong ana seTs
ssoeEs GENERALLY eprt.ss d ths loves. isres stey
touched, gold steady aud sttonR, nschango easier.
The abundance Of noney offered on call 1t low rates
ss s
Government Or stock deuftrs, while loans to tho former
sss a.;e ssa ms >. low
psr cen. for the whols balance Of this year. In
nitrttA paper tue principal fe.tEca ato thn 8arne
married. "A tho esso In money aho"1 !t'ef equally In
dis department, and primo paper of three and four
tJs sias 4aiX Il f.!r quotation. bus ia thu auot.
Ing Il ahoud be nnesiood that such pancf In Of lhs
T. s m" "a I'VE Me fpown n e
market, L sold al tho way up 70 10 pes esnt.
nosrox
the journal " Commerce Of Tho 32l 51ys:
The amount Of loors fun.t4 In tbs hands Of thoaa
who don't uccd them, and who realty at !oRs to
knST how to me them vi pro, !. ,smply Immense
Of thtns feel poor hceaa.s Of 80 much money Idle Or
s,rnins ,nsEo nothing ~, Il |, an unfortunate .ta's
with cheer a meet smiling faecs every turn. ia
surprslng tbs number Of Ifcnas lhey havr for ca's.
nov. Lot lilo hnaurial bseexs chauxs 10
O. "a ,ils, ,;.r ss ,Ss, ,as s,nsI
ind the banks hks aucl' at lcr cent quick, walls
some special notes 10 discounted Less On the
they waut 10 1t E{97 per cent Call oaus range from
1er cent on bcst securities, and bct~een banks
Ito rata IL j par cent. With no lack II oraaaa.
SPECIAL DEPOSITS.
II aprcars to 10 now : wtli.ostabshed fact that
banks be hold responsihe for special deposits
1cft by isicnta custu.e for safe-keerrg. de-.
cslon Of Tho Court Of Appeals Of ths ststs Of New
York aud another in Vermont sscn to hass settled
that question. In tho Of the Frtt National u4nk
Of urattloboto The Cashtcr gayo written rccep. for
= parcel Of bonds for safe-kceping, sud yet
tl,a Court decided that neither tbs bank nor
.ts stockho1.lc1s could bs held rcsponstb.s
when the vaulta Of tbs bank were lrakea
oren and the bonds stolon The Court htId that "ths
tAking If such special deposits 10 keep for the
lnoIaou Of tbs deposioc Ia not Within tho authorized
lusiness Of such banis" II IL it'll o:tant therefore,
for dcposiioss 10 remember that tbeir packages Or
bo1es In tlo vaua Of their bankers it their own
r!ak. 1t will scarcely be questioned. however. that
"htc thIa Is tho law. u a1so III Accordance with jst
principles ~ the Isuk gcs nothing for such fArors,
1t should not 10 hell rcsponlbts against thisres
and burglars, and unlsr tie Law 1t could not 1naks
itseH 80 Il 1t would.