Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-07-29
.nO.S.ET-aRr .4.y.U CO.n.HEREI.1L.

The NATIONAL BANKS Tho Comptroller o
| the Currency has made y statement which shoF'
| that the whole amount of intarss. received ny
| tho National banks upon bonds deposited as Sc
curity for circulation ws1 on July 1t. Sl6,"l2
72G If from this amount DO deducted III per Cc";
Isl Sol 273) which is The interest upon that pof'
ton Of the bonds on which the banks receiy" n
circulation. and also the per cont tHx upon car
culstion (s3. lS5.23S. or total Of sl.o,3.hii
| there will rsmain Sl20%, H. which Is toe M
amount Of interest received by tho banks up""
80 per cent of the bonds deposited rs security 90
| their circulating notes. Tho National bsnka no"
hold about S2j,0-OOOO Of ten.torty bond. /.
these are converted into per cents, the NJ.
smount of interest received by the banks on u
| lst of August will be sll,77G,.D1. IL ell Ut u,
| bonds held by the National banks are convert
into per cents and the Same deductions ma"
as before tho net amount Of Interest reccvcd -
the National banks upon tho 30 per c.. OF bono
upon which circulation is issued will be 81 DOL
S75 If the present capital Of the National bsnhs
WAS loaned upon bonds aud mortgages ct 5 paF
Cent it would yield SO So U5l interest annually
The net income derived by Tho National bsnk'
from United States bonds. il b,srng Interest 81
per cent, and from the loan of the smonEl 81
circulation Issued upon these bonds al per Ct
amounts TO S36, Az GlS, which leaves difference
of ST GU. SGT IS tho nroft Of National bank
upon circulation, based upon 4 per cant BONDS,
VIII ch is equal TO one and seventy-our one nun
dredth per cent on the capital invested. Und"f
slmllsr circumstances the profit upon circulate"
TO tho National banks in Localities whero the 's"
of interest ia per cent would be about per G.
moro than if their entire capital was directly
loaned 81 per cent upon bonds and mortgages
Tho Comptroller hiss also made Statement
showing that the National banks now III exist
ence are entitled TO receive UPON leer presett
capital, under section I'LL OF tho Revised Sta
utes, $685.. 372 9l6 Of circulating notos; tota
amount Issued is S3i3u153iG. Tho National
banks already organized and in operation u ~
therefore entitled 10 receive, upon The deposit at
the necessary amount Of United States bonds
SIG, 327, so Of additional circulation. In other
words. they can increase their circulation on.
fifth, if 81 any time they are in want Of the add
tonsl amount or il any prof. can be ms1o hy
an additional issue.
ALEXANDRIA MARKET July 10.-Elour Is
dull ana quiet in consequence Of tho Ugh:
stock. Wheat is cn'. and tho receipts arc good;
the offerings to-day amounted TO Gii2 bushes
and sales were made at lo0. To-. lC3 and lC5 for
Fultz. and l0i And 1O7 for Lancaster. Corn il
weaker, and 1850 bushels Of white aod n! IS. 81
and e. rs bushels Of yellow were offered. hn!
Withdrawn. No Rye reported, and to bushrls
OF Oats sold a 81.
BALTIMORE, Jy. 2).-Va Is old -; do DO. GO, DO
cons'd 57t do "a series -; Va l0.40s 49l; pas!
duo coupons cot bid 10 day. Sugar Grm; A
soft Sise; Cotton dull and nominal; middling
III Flour quiet and unchanged. Whosl--
Southern firm; Western lower and steady at the
decline; Southern red 108,lC9; do smber III.
ll2; No Maryland ll2 No 2 Western wintr?
red spot and July 0tallCs August 1l0tall0i;
Sept ll04sllG3 Corn-Soulhern irm; Western
dull Southern white E3; do yellow 80; Western
mixed spot and July 44ts4is; August 4Iialis;
Sept 454s45s; Oct 4Ga4Gt steamer 4Is42. Oats
lower; Southern 39s4); Western white $3.50;
do mixed 37a3S; Penns 1888. Rye steady at
57s58 Hay firm and unchanged. Cofi,o que:
and firm: Rio csrgoes lli,lAi. Whiskey dull
st O7!a$l o.
NEW YORK, July 29:-Stocks strong. Money
3s4 Flour quiet Wheat fairly active. Cora
O shade easier.