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Dull Closing of Business in Financial Circles. Discounts Light--New York Exchango Firmer--The Fall Trade. The Produce Markets Strong Yester. day, but Loss Active. A Large Premium on Cash Pork, Wheat, and Corn-Light Shipments. FINANCIAL. The week just closed can hardly be considered an Improvement on the one preceding 11. Something of a full bas come in the movement of the crops to market, and the weather has been at one time too hot. and at another too stormy, to encourage an active fall trade. The business of the banks has been correspendingly affected. The applications for discounts save not been numerous, and rates of Interest, which reemed to be on the point of hardening, have relaxed somewhat. The banks still And their surplus difficult to dispose of. Merchants are not borvowing freely. Their collections have improved, and their wants are largely supplied by sales, The back. wardness of the fall trade limits the amount of commarcial paper offered the banks, and the falling off of the shipment of produce has reduced the rediscounts songht by country banks, There is but little grain or lumber paper made. The prices of grain do not make It any object to carry it, and the lumber market is in a depressed condition. Rates of discount 8(210 per cent to regular CURtomers of the banks. Loans on call and short time are readily made to good outside borrowors at c@9 per cent, The supply of New York exchange is not Large. but it is in light demand, and sales are made at ave discount between banks for $1,000. There were a fair number of orders from the country for currency. The clearings Baturday were $1,192,903.52; for the week they were $20,80,931.34, and for the correspondmg week of last year were $20,626,974.03. THE CALIFORNIA BAVINOS BANKS AND THE RECENT TROUBLE Up to the middle of August money was In reason. able supply at the savings banks, but after that date it grow more and more scaree, until new loans were finally held in absyance. We do not wonder that this searcity at the SAVIDGH banks, coinbined with the pressure at the commercial banks, suggested the bellet that a "corner" in money bad been created. All of the savings Lanks' managers deny that they had last week, or have had sinco, any knowledge of such a scheme: nor, on reviewing the loans granted by them within the past month, ou city real estate, and city, county, and State bonds, can they discover any evidence that the money was either wanted or used for any but the legitimate purposes of business. of course, there was a famine for money, but it WAR not, as in Wall street, New York, artiticially created for the purposes of robbery, other in breaking a bank or in bearing stocks, A scarcity of money hourly intensifiee itself. The other commercial banks heard hourly-increasing rumors about the Bank of California several days before the crash came, and they immediately rushed to call in their loans, and even to borrow, that they might be well freighted with com-ballast to ride out the gale they SAW coming. Every juovement, therefore, made money more scarce, and increased the want of confidence and the fear of disaster. Of course, therefore, there was really as complete a look-up of money as any artificial corner could possibly have created. The savings banks are not loaning now, nor will they do FO until bus. incss resumes its natural course, which It no doubt will within the next two weeks. The run upon them was light, and was inade by only the most ignorant classes. We understand a list of these persons will be given to each bank. all of which will refuse again to allow them the privilege of depositing. The Hibernia Bank adopted this course some four years ago. NUMBER OF DEPOSITONS. The failure of three or four commercial banks in no justification for a run on the savings banks, the secunties held by the latter being vastly more safe, and the amounts they loan on market values much less, than in the case of banks of discount, To show that only a fraction of the depositors at the savings banks inade fools of themselves, We here append the number of those who made applications for their money, with the total number of depositors which each bank has Hibernia Bauk, 17.000 depositors; number who applied for their money, 152, German Bank, 9,373 depositors; applications during the run less than 100. Clay Street Bank, 10,854 depositors, of whom about 200 gave notice of intention to withdraw. The Odd-Fellows' Bank has depositors; 150 applied for their money. San Francisco Savings Union, 6,548 depositors only 61 applied for their money. The French Bank has 0,000 depositors, of whom only between 40 and 50 gave notice. Only about the saino proportion of the total number of do. positors applied for their money at the smaller BAYings banks. The banks named above have a total of 50,577 depositors, of whom only 718 took part in the run. This conclusively shows the confidence deposibanks
