, 1875-09-19
of Applications from
Country Banks for Rc"
discounts.
Collections Not Improving-"seanty Ut
ferings of Commercial
Paper.
The Produce Markets Irregu1ar-..Pro-
visions Quiet and Firm.
Breadstufs Generally Weak-Wheat and
=; Corn Heavy-Freights Dull
FINANCIAL.

flow Of currency to the grain districts, but the app
Cations from country banks for funds have increased
This natural result Of the decreased supply OF cur
reucy The country bonka find it necessary to carry
their customers, who, under br1sker marketing Of
the crops would have been enabled BY their fall GALES
to the country people take Of themselves. Col
lecious are also alow and there are in consequence
some additional applications from city sources
for bank favors. Outside o. this movement, which
ia not Of kind to add much to the cheerfulness Of
the situation, everything is quiet Board-ofTrade
paper In scarce and mercantile paper although Of first
class quality Ia Of insufficient quantity to absorb the
surplus Of the bants Bates Of discount 8@10
cent to regular customers Independent borrowers
are gladly accommodated easier tars and can get
Ill the accommodation they need at 6@s per cent for
loans on call or abort time.
On the street, there is little doing in good paper,
and none other finds market. Rates are 6@1s per
cent.
New York exchange grows frmer in view Of the
email movement Of currency to the country aud was
sold al 25@soc discount between anks for s., COO.
The orders from tho country for currency arc Light
The clearngs 81, ISL, ,167.n3 on Saturday; for
the week they were agatna $18 89o o62
for the corresponding week OF Last year.
LOSS or 1EoA1crESpEns DY TIE NEW YORK BANKS.
The New York banks are beginning to ship currency
to the South we'll to the West and these shipments
are made up almost entirely Of ega1-tende1s, 20 that
the bank reserves here will feel and show the loss.
Win the 1ecatsn1er resarye down S. o0Oo lower
tha 1oan rnorkat should show activity and rates nd
vnuce It certainly will il general trade ts good the
aeason sdyauces and rise to 6aG97 par cent for
cali loaus In Wall street. II brought about by such
Causes will be the best sign possible. Our accounts
in regard to trade are that more satisfactory business
Is doing than in any aeason ance the p1nic With Less
croang and lar attention to disasters caused by spec
u,st3ye exnanstou bafore the panic trade would be
gran better than 1t tis.-Exchanae
A11rr1E u1srAEE
TITO Now vor. Cn,y,, R,,lzet,r resnectfnllv reonests
+ha a+tant3on of the Chicago to an article
in the Buu.tn Of Sept g. in which 1t was shown that
.n of etat,stics adduced by the Iutar-Oeean to
denonstrate that tho nor CAPITA amount Of our e1-
nors had immensely increased under the LAST four
to vaora of htch tariff was in error to the extent Of
about 81. 500. ooo. 600. and that other important
con4derstions wera overlooked which Who'll
" tuyaudated its conclusions. The Bulletin
aavs. Two do not think our contemporary
world lnopr{nely permit such IN enormous error Of
..t a no.,a;,r ., m rrcorractad. and ,1oaminp II
4"eS 49, ~ o. r.os 80, .z.a.,ao,-oa -.
possible OUT coftecuon "a5 nase oecn ose11ooAe, ="
have forwarded to the editor copy OF our Article
We deem this the mora necessary because other Jour-
...., ~. 1,,ar .-;th,,,t corror+ion in
aaAs "1'o 4ao$0A Ane D ~
cluding the Conme79dt AdnatseT o1 tn's o1s, "h'eo
on Wednesday adopted the figures AZ proofs con-
clusiye that cur domestic exports and import entries
s.,.... ,.n, r.,t7l,, ,r5or ,ro+ac+{or +ban fraa
aa - .,,,ich tts-efnrs ths rorrect;on M
plies, well as to the wde1ymisahen authority from
which It ouoses.n
49,, ..,rn-,,,,,.,> ,..,-.r.-c,,r,rn n.xr
1aI sosfsSphp 1'e@11tH-, .@''"II', 1A.A H.
The Jacques Cartier Bank, Of Montreal opened ata
doors On the l., inst for tho redemption Of its cir
cuIstion and payment OF de1nsnds OF depositors